TradingMarkets 7 Stocks You Need to Know for Friday

Stocks pulled back on Thursday as traders took short-term profits after the gains of the past two days. Technology stocks, particularly semiconductor stocks, were among the outperformers on an otherwise down market day.

The Dow lost 224.64. The Nasdaq Composite ended the day lower by 22.64. And the S&P 500 closed off by 23.12.

Intel (INTC | Quote | Chart | News | PowerRating), Advanced Micro Devices (AMD | Quote | Chart | News | PowerRating) and SanDisk (SNDK | Quote | Chart | News | PowerRating) gained more than 3%, 4% and 6% respectively on Thursday as traders continued to bid technology stocks higher.

American International Group (AIG | Quote | Chart | News | PowerRating) reported its third straight quarterly earnings loss on Thursday. The stock, which had been moving higher, fell by more than 18%.

Citigroup (C | Quote | Chart | News | PowerRating) agreed to spend $7 billion to buy back auction rate securities it had sold to individuals and small businesses as part of a settlement with the Securities and Exchange Commission.

Fannie Mae (FNM | Quote | Chart | News | PowerRating) reports earnings Friday morning before the market opens. Analysts are expecting a loss of $0.69 per share.

Shares of Wal-Mart (WMT | Quote | Chart | News | PowerRating) lost more than 6% on Thursday after reporting lower than expected same stores sales.

Do you think that Wal-Mart will be Up or Down on Monday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 a month by correctly guessing the direction of a stock!