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October 6, 2008 9:26:23 PM CDT

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Mixed Note Caps Big Week

Posted Jul 18, 08 3:23 PM CDT in Business 

(Newser) – The markets were mixed today as poor results across the tech sector and from Merrill Lynch put the brakes on a two-day rally, MarketWatch reports. Good news from Citigroup kept the Dow buoyant, and it closed up 49.91, at 11,496.57. The tech-heavy Nasdaq took a 29.52-point dive, settling at 2,282.78, while the S&P 500 gained 0.36 to1,260.68.

AMD, Google and Microsoft all fell over 5% after disappointing second-quarter earnings. Merrill Lynch was off 2.9%, but did not drag all financial stocks down due to good reports elsewhere. Oil moved less than a dollar, hovering around $129 a barrel.

  • For the week, the Dow gained 3.5%, the Nasdaq 2%, and the S&P 500 1.7%.

Sources MarketWatch, Wall Street Journal

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Advanced Micro Devices CEO Hector Ruiz leaves the stage during a conference in San Francisco, Nov. 12, 2007.   (AP Photo/Paul Sakuma)
In this Jan. 15, 2008 file photo, the Citigroup Center is shown in New York.   (AP Photo/Mary Altaffer, file)
Traders work on the floor of the New York Stock Exchange, in this undated file photo.   (AP Photo/Edouard H.R. Gluck)
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Google  • Microsoft  • S&P 500  • Nasdaq  • Dow Jones Industrial Average  • Citigroup  • Merrill Lynch  • AMD  • tech stocks


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