New York, NY (AP) - Better than expected earnings at Internet search
giant Google have helped technology stocks to a strong finish for
the week. The tech-dominated Nasdaq composite index is up by more
than 1 percent, a better showing than other big market indexes.
A disappointing drop in revenue at General Electric and worries
about how banks like JP Morgan Chase and Bank of America have
handled foreclosures have sent the Dow Jones industrial average
lower. Stocks rose in early trading after Federal Reserve chairman
Ben Bernanke reiterated that the central bank is ready to do more
to stimulate the economy.
The Dow fell 31, or 0.3 percent, to 11,062. The Standard &
Poor's 500 index rose 2, or 0.2 percent, to 1,176, while the Nasdaq
is up 33, or 1.4 percent, at 2,468.
Losing issues were ahead of gainers by 3 to 2 on the New York
Stock Exchange. Volume came to 1.4 billion shares.
(Copyright 2010 by The Associated Press. All Rights Reserved.)