TECH STOCKS: Beyond 10,000

The stock market's advance continued Friday, one day after the Dow Jones industrial average breached the psychologically important 10,000-point barrier. Positive earnings news from United Technologies, Coca-Cola, and Adobe Systems helped stocks move higher despite economic reports that gave investors reason for caution.

The Dow rose 34 points, or 0.3%, to close at 10,042.16. On Thursday, the Dow closed over 10,000 for the first time in nearly 19 months. For the week, the Dow rose 1.8%. The tech-heavy Nasdaq Composite index rose 6.68 points to 1,949, a 0.3% gain. For the week, the Nasdaq rose 0.6%. Adobe Systems' share price rose one day after the company reported a doubling in fourth-quarter earnings and forecast higher revenue and earnings for the current quarter.

The S&P 500 index rose 2.92 points, or 0.3%, to 1,074.14, a 1.2% gain for the week. The Nasdaq-100 tracking stock fell 6 cents to $35.24 but was up 20 cents for the week, for a 0.57% gain. The InformationWeek 100 index rose 1.12 points, or 0.4%, to 305 and rose 0.9% for the week.

Offsetting positive earnings reports were a Labor Department report showing that wholesale prices fell 0.3% in November. the first decline in six months. And the University of Michigan released its preliminary consumer-sentiment report for December, showing a decrease to 89.6, from 93.7 last month. That missed economists' forecasts.