Stocks closed mixed on Thursday after disappointing results from Merrill Lynch, Pfizer and Nokia. Google (GOOG | Quote | Chart | News | PowerRating) and Advanced Micro Devices (AMD | Quote | Chart | News | PowerRating) report earnings after the close.
The Dow rose +1.22, the S&P 500 +0.85 and the Nasdaq Composite fell -8.28.
Merrill Lynch (MER | Quote | Chart | News | PowerRating) reported a wider than expected loss of -$2.20 per share. However, MER rose 4.1%
Pfizer (PFE | Quote | Chart | News | PowerRating) reported first quarter results that missed estimates for both top and bottom line numbers. PFE fell 3.3%.
Shares of Nokia (NOK | Quote | Chart | News | PowerRating) plunged 14.1% after the company reported quarterly earnings that beat estimates by $0.02, but issued a gloomy outlook.
Sallie Mae (SLM | Quote | Chart | News | PowerRating) reported earnings that beat estimates by $0.10. SLM gained 5.7%.
Harley-Davidson (HOG | Quote | Chart | News | PowerRating) fell 1.9% after the company issued a disappointing outlook.
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Initial Claims (04/12): Actual 372K, Consensus 375K
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