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Equities mixed

NEW YORK: Wall Street tocks were mixed in lackluster trading Wednesday, with selective buying in the shares of high-technology companies.

The blue chip Dow Jones industrial average was off 1.05 points at 4,607.39 at 1 p.m. EDT, but the technology-laden Nasdaq Composite added 6.95, or 0.69 percent, to 1,010,59.

In the broad market, gainers led losers five to four on moderate volume of 186 million shares on the New York Stock Exchange.

Bellwether IBM was of 1/8 at 102-3/8, but Compaq rose 7/8 to 47, Micron added 1-5/8 to 73-1/8, Intel rose 1-1/2 to 60-3/8, Microsoft rose 3/4 to 92-5/8 and Dell was up 1-5/8 to 75.

A.C. Moore, senior investment strategist at Dunvegan Associates, said he sees less volatility as the week progresses and more traders extend their holiday weekend.

He predicted stocks would "likely drift up through the week and then roll over the next week or two."

Among other individual shares, RJR's Nabisco added 3/4 to 28-1/2 after rising 1 Tuesday on news Brooke Group received clearance to buy up to 15 percent of RJR's stock.

Airline shares were weaker on news of fare cuts, market analysts said. American's parent AMR lost 1-1/4 to 70-1/8. UAL, the parent of United Airlines, was of 2-1/4 to 151-1/8 and Delta Air Lines fell 1-3/4 to 74-1/2.

Heart Tech rose 1-1/8 to 26-3/4 after it agreed to merge in a stock deal with Boston Scientific, whose shares were up 3/8 to 39-3/8.-Reuter