NEW YORK - Wall Street rose smartly in a quiet session Friday as investors adjusted positions ahead of a long holiday weekend and tried to determine whether a lackluster week presaged a departure from the market's months-long run-up or merely a temporary pause.
Stocks advanced after a pullback Thursday and as investors drew some optimism from the Nasdaq Stock Market Inc.'s deal to acquire Sweden's OMX AB. But investors showed little reaction to the National Association of Realtors' report that sales of existing homes fell 2.6 percent in April to 5.99 million units, the slowest sales rate in almost four years.
Friday's gains followed four mostly negative sessions for the …
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