By Carla Mozee, MarketWatch
LOS ANGELES (MarketWatch) ? Shares of Johnson & Johnson Inc. slipped Friday evening after the health-care products giant outlined plans to take a quarterly charge, and Facebook Inc. shares extended dayside gains ahead of expected data about effectiveness of the company?s ads.
J&J /quotes/zigman/230812/quotes/nls/jnj JNJ +0.29% ?stock pulled back 0.2% at $62.85 as the company said it expects a special second-quarter charge of $600 million to settle civil suits on how it marketed certain drugs.
Stocks post best week of 2012
Major indexes rise after reports that Spain may turn to European partners for help recapitalizing its banks. Paul Vigna has details. (Photo: AP)
The charge will cover a potential settlement for civil charges that it marketed the drugs Risperdal, Invega and Natrecor for uses not approved by the Food and Drug Administration, and that it provided kickbacks to pharmaceutical-benefits manager Omnicare Inc. /quotes/zigman/237179/quotes/nls/ocr OCR +1.43% ?Shares of Omnicare fell 0.2% to $33.28 in evening trades.
Late-traded Facebook /quotes/zigman/9962609/quotes/nls/fb FB +3.00% ?shares picked up 0.6% to $27.25. The stock finished the day session up 3%, finding strength after Internet-data tracker comScore Inc. indicated that figures to be release next week will show Facebook?s ads are more effective than investors think.
?We are gaining critical new insights that show Facebook earned media is having a statistically significant positive lift on people?s purchasing of a brand,? wrote Andrew Lipsman, vice president of industry analysis at comScore in a blog preview of the report. Read more on comScore's upcoming Facebook report.
Facebook shares closed the week with a loss of 2.2%, their third straight weekly decline. More on Facebook's weekly loss.
During the day session, U.S. stocks rose, marking their best week this year, with increased anticipation that Europe will move to combat its economic crisis, including a possible recapitalization of Spanish banks. Read more in Market Snapshot.
The Dow Jones Industrial Average /quotes/zigman/627449 DJIA +0.75% ?closed up 93 points, or 0.8%, at 12,554.20. The S&P 500 Index /quotes/zigman/3870025 SPX +0.81% ?rose 0.8% to 1,325.66 and the Nasdaq Composite Index /quotes/zigman/86035/quotes/nls/ndaq NDAQ +0.05% ?gained 1%, to 2,858.42.
For the week, the Nasdaq rose 4%. The Dow advanced 3.6% and the S&P 500 Index ended higher by 3.7%.
/quotes/zigman/230812/quotes/nls/jnj
US : U.S.: NYSE
Volume: 11.25M
June 8, 2012 4:06p
Market Cap$172.47 billion
Rev. per Employee$551,450
/quotes/zigman/237179/quotes/nls/ocr US : U.S.: NYSE
Volume: 958,413
June 8, 2012 4:05p
Rev. per Employee$428,111
/quotes/zigman/9962609/quotes/nls/fb US : U.S.: Nasdaq
Volume: 38.00M
June 8, 2012 4:00p
/quotes/zigman/627449 US : DJ-Index
Volume: 111.81M
June 8, 2012 4:30p
/quotes/zigman/3870025 US : S&P Base CME
Volume: 527.23M
June 8, 2012 4:32p
/quotes/zigman/86035/quotes/nls/ndaq US : U.S.: Nasdaq
Volume: 2.76M
June 8, 2012 4:00p
Carla Mozee is a reporter for MarketWatch, based in Los Angeles.
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