Midday Leaders and Laggards: Nasdaq 100

The Nasdaq 100 index rose in midday trading Monday as a regulatory chief's recommendation in favor of a satellite radio tie-up helped lift shares, even as crude oil prices touched a high.

The index, which includes 100 of the largest nonfinancial securities listed on the Nasdaq Stock Market, gained 9.12 points to 1,975.13 in midday trading. The broader Nasdaq composite rose 12.41 points to 2,466.91.

Light, sweet crude for July delivery soared to a trading record of $139.89 before retreating to trade up $2.10 at $136.96 a barrel on the New York Mercantile Exchange.

Shares of Sirius Satellite Radio Inc. rose 14 cents, or 5.5 percent, to $2.68. Federal Communications Commission Chairman Kevin Martin said Monday the company should be allowed to combine with XM Satellite Radio Holdings Inc.

Shares of Broadcom Corp. gained $1.20, or 4.7 percent, to $26.99. The communications chip maker said late Friday the U.S. International Trade Commission ruled in its favor in a patent dispute filed by SiRF Technology Holdings Inc.

Shares of Teva Pharmaceutical Industries Ltd. added $2.03, or 4.8 percent, to $44.53. The company said Monday trial data from its Parkinson's disease drug Azilect showed it can slow the disease's progression.

On the dropping side, shares of Ryanair Holdings PLC lost $1.22, or 3.9 percent, to $30.18. Goldman Sachs cut its ratings on several European-based airlines, including the Irish discount carrier.

Shares of Vertex Pharmaceuticals Inc. decreased 68 cents to $32.88.

Shares of Comcast Corp. shed 40 cents to $21.34.