News at a Glance
Stocks Mixed: Dow extends streak, but Nasdaq drops.
Tech Trouble: Google and Microsoft disappoint, but IBM shines.
Citi Slammed: Bank posts $2.5 bln loss but beats Street.
Goodbye, Grandes: Starbucks identifies 600 stores to be shut down.
The Lowdown
Weak guidance from two tech giants and a better-than-expected quarter from the nation's biggest bank send the major indexes to a mixed finish on Friday.
The Dow Jones Industrial Average extended its winning streak to three days, gaining 50 points at 11497. The blue-chip index finished the week on a hot streak, climbing 534 points since a Tuesday selloff that left it at its lowest point in nearly two years. Meanwhile, the S&P rose fractionally on Friday to 1261.
The Nasdaq showed weakness, falling 30 to 2283. The decline came on the heels of disappointing results and guidance from two tech mainstays.
Microsoft (MSFT) said its fourth-quarter profits jumped 42% but missed Street estimates by a penny a share and offered anemic guidance. Google (GOOG) was similar story: the firm posted 35% increase in net income but failed to match analysts' projections, pinning the blame on the broader economy.
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