U.S. Stocks Mixed But Dow Closes Over 11,000 As Techs Weaken.

NEW YORK, Aug. 11 /PRNewswire/ --

U.S. share prices rose Friday with the exception of technology issues, which suffered from heavy selling in Dell Computer, sources told Market News.

Benefiting from rotation out of technologies, the Dow Industrials ended above 11,000 for the first time since April 25, rising 119.04 to 11,027.80. The Nasdaq Composite rose 29.42 to 3,789.41.

Economic data was mixed with an unchanged producer price reading keeping inflation worries down but a strong retail sales report raising concern that consumer spending may put upward pressure on interest rates.

Retail sales jumped 0.7 percent in July vs. expectations for a rise of 0.4 percent. Despite the report, which showed strength across most sectors, dealers and analysts say the Federal Reserve is unlikely to raise rates at its August 22 policy meeting.

Dell fell 4 9/64 to 37 39/64 [DELL] in extremely heavy trading on disappointment over the company's revenues. The computer maker narrowly beat out estimates late Thursday, but posted a disappointing 25 percent rise in revenues and put into jeopardy full-year estimates for 30 percent growth.

Dealers said lifelessness in leaders Cisco, up 41/64 at 64 1/64 [CSCO], and Applied Materials, 1/8 at 69 1/8 [AMAT], both beating estimates earlier in the week, is further evidence that sentiment is on the downswing for the sector.

But good news for the sector came from Internet auction firm Dovebid, which filed for a $60 million initial public offering. The company previously withdrew an $80 million offering after the April market collapse.

Outside technologies, Philip Morris rose 2 to 31 [MO] following positive broker comments, as did rival Loews up 5 7/16 at 81 [LTR].