Stocks Stall on Earnings; Dow Climbs 6
But extend winning streak to 6th week
By Nick McMaster,  Newser Staff
Posted Apr 17, 2009 3:25 PM CDT
A trader blows a bubble while working on the floor of the New York Stock Exchange in this undated file photo.   (Getty Images)
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(Newser) – Stocks gave up afternoon gains to close higher by single digits as a week of first-quarter earnings reports failed to spark a selloff or surge, the Wall Street Journal reports. Google’s stock barely moved after the company reported slowing sales growth. GE and Citigroup earnings beat estimates, but GE failed to lock in significant gains, and Citi closed down 8.5%. The Dow rose 5.90 to close at 8,131.33. The Nasdaq gained 2.63 to settle at 1,673.07, and the S&P 500 added 4.30, closing at 869.60.

  • For the week, the Dow added 0.6%, the Nasdaq gained 1.2%, and the S&P 500 rose 1.2%.