By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) Shares of Amazon.com Inc. touched a new high Friday as the company unveiled an expanded deal with NBC Universal and as speculation about a new tablet continued.
But the technology sector took a hit from shares of Autodesk Inc. /quotes/zigman/68719/quotes/nls/adsk ADSK -6.71% , which plunged, sustaining the worst drop within the S&P 500 Index /quotes/zigman/3870025 SPX +1.03% after the design-software firms disappointing results left investors stunned.
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Autodesk shares shed 15.6% to close at $30.13.
Late Thursday, Autodesk missed revenue forecasts for the second quarter of fiscal 2013 and cut its outlook in what Jefferies & Co. analyst Ross MacMillan called a big step back.
In a surprise to us, Autodesk missed Street revenues by 4%, blaming execution and soft demand, MacMillan said.
On the other hand, shares of Amazon.com /quotes/zigman/63011/quotes/nls/amzn AMZN +2.19% closed up 1.9%, to $245.74, after the stock hit a record high of $246.87.
The online megaretailer said Friday that it has expanded a partnership with NBC Universal, allowing Amazon to offer more video content. The company also sent out media invitations Thursday for a big event in Southern California in two weeks. Analysts suggest that Amazon was rolling out a new version of the Kindle Fire tablet.
Amazon stock have risen more than 40% this year.
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The tech sector managed to bounce back from early losses. The Nasdaq Composite Index /quotes/zigman/12633936 COMP +0.97% rose 0.5% to close at 3,070, although the benchmark ended the week down a fraction.
The S&P 500 /quotes/zigman/3870025 SPX +1.03% also gained a fraction but was off slightly for the five-day period
Among the notable gainers were shares of Aruba Networks Inc. /quotes/zigman/105849/quotes/nls/arun ARUN -25.61% , which jumped 14.4% to close at $19.36 after the networking company reported upbeat third-quarter results and issued a better-than-expected forecast.