Wall Street mixed after earnings reports

July 18, 2008 6:41:43 PM PDT
Wall Street has finished a strong week with a mixed performance after disappointing high-tech earnings punctured some of investors' enthusiasm over better-than-expected results from banks.

But the major indexes still ended the week with big gains, thanks to rising optimism about the troubled financial sector.

Citigroup Inc. reported a smaller-than-expected second-quarter loss Friday.

After rising more than 480 points over Wednesday and Thursday, the Dow Jones industrials is closing up about 49 points at the 11,496 level.

But the Nasdaq composite index is down after disappointing earnings from Google Inc., Microsoft Corp. and Advanced Micro Devices Inc.