The Nasdaq rose 0.3%, while the NYSE composite traded flat. On the downside, the S&P 500 and Dow both edged down 0.1%. Volume eased across the board compared with the same period Friday.

Power-One (PWER) dipped 2% in brisk trade. The maker of AC/DC and DC/DC converters is on pace for its fifth straight day of losses, but remains above its 50-day moving average.

Fossil (FOSL) also gave up 2% in rapid volume. The accessories store chain operator blasted to a new high on a bullish earnings report Tuesday, and has been pulling back in lighter trade since then.

Allergan (AGN) lost 2% in above-average turnover. [Read the full article]

The major indexes bounced into the black in late-morning action Monday, though trading remained light on Wall Street.

The Nasdaq was up 0.6%, while the NYSE composite, S&P 500 and Dow each edged up 0.1%. Volume eased across the board compared with the same period Friday.

The National Association of Home Builders-Wells Fargo Housing Market Index fell by one point to 13. That was the worst reading since March 2009 and below forecasts for a 15 reading. Any number below 50 suggests a weak housing market.

Isilon Systems (ISLN) jumped 6% in more than twice its normal trade. [Read the full article]

The major indexes banked moderate gains in light volume at midday Monday, as the market shook off a weak economic reading from Japan and a sluggish U.S. housing report.

The Nasdaq was up 0.7%, the NYSE composite 0.2%, the S&P 500 and Dow 0.1% each. Volume eased across the board compared with the same period Friday.

Lan Airlines (LFL) climbed 4% in massive volume. The Chile-based airline operator is surging for the second straight session, following news of its merger with TAM Linhas Aereas.

Netflix (NFLX) rose 3% in brisk volume. The online movie rental subscription service provider's stock marched to an all-time high. [Read the full article]

Techs led the advance as the Nasdaq climbed 0.9%. The NYSE composite rose 0.4%, regaining its 50-day moving average. Meanwhile, the Dow and S&P 500 rose 0.3% each. Despite the market's improvement, volume was again tracking sharply lower on both exchanges.

Kraton Performance Polymers (KRA) reversed opening losses and rose 3% to a new record high in heavy trading. The stock cleared a short consolidation in July. Kraton lost a penny a share in 2009, but is expected to earn $3.22 a share this year. The company came public in December.

Another IPO, JinkoSolar Holding (JKS) rallied 4% in active trading. [Read the full article]