Nasdaq Treads Water as Flex Lights Up, First Citizens Climbs on CIT Buy

It's been a turbulent week for the Nasdaq Composite (NASDAQINDEX: ^IXIC), which posted strong gains on Monday and spent the rest of the week fighting to hang onto them. In the end, market participants managed to defend their weekly gains, albeit failing to claw back much of the ground they'd given up in three consecutive days of losses. Just before 3:30 p.m. EDT, the Nasdaq was up just 0.15%.

Most of the big-name tech stocks that investors commonly associate with the Nasdaq Stock Market were mixed on Friday. However, moving higher were a couple of lower-profile companies. Solar specialist Flex (NASDAQ: FLEX) managed to gain ground on positive comments from some stock analysts, and First Citizens BancShares (NASDAQ: FCNCA) rose after announcing a big acquisition.

Shares of Flex were higher by 12% on Friday. The little-known Singapore-based company makes a host of electronic components, but what drew some investors' eyes this week had to do with a subsidiary that Flex has owned for some time.

Source Fool.com