Stocks mixed as Google stars
Stocks closed mixed, with a
weak earnings report from Caterpillar keeping the Dow in the red and a strong
report from Google boosting the Nasdaq.
Caterpillar
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CAT |
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missing by 0.13, but this may not be comparable to the Reuters $11.06 estimates.
Google
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reported 1.51, beating by 0.16 and beat on revenues at $1.08 billion. Bank of
America raised its target to $430 from $375. The stock has more than tripled
since going public in August of 2004 and made an all time high of $346.43
intraday, closing at 339.90. Google’s market cap is now near $100 billion.
Crude oil fell 2% on the week, closing
today at $60.63.
For October, the Dow is down 3%.
AT&T
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T |
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raised 2005 guidance. Telecommunications stocks rose on the news.
Avian flu was reported in a parrot in the
U.K. Biocryst Pharmaceuticals
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An appeals court denied Research in Motion’s
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rights held by NTP, Inc. The ruling mans that NTP can ask for an injunction
against the sale of Blackberry devices.
Strong sectors were: Disk Drives
(
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+3.81% Airlines
(
XAL |
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Internet
(
GIN |
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Weak sectors were:
Pharmaceuticals
(
DRG |
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-0.63%
|
|
-65.88 | 10,215.22 |
| +14.10 | 2082.21 | |
| +1.79 | 1179.59 |
More stocks on the move:
Capital One
(
COF |
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0.15.
Xerox
(
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a $500 million share repurchase.
Ford
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F |
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to Underperform
Sandisk
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Brice Wightman