Tech Disappoints, Citigroup Surprises, Fed Hawkish Words

Stock Indexes closed mixed today due to disappointing tech earnings, Citibank beating estimates, and hawkish interest rate comments from Fed's Gary Stern. The DJIA closed up +46.16 to 11492.82, the Nasdaq closed down +29.52 to 2282.78 and the broad based S&P500 advanced +.09 ending the session at 1260.51.

Citigroup (C | Quote | Chart | News | PowerRating) jumped 9.13% or $1.64 to $19.62/share, leading the DJIA higher after surprising the market with a lower than expected loss due to job cuts, lower borrowing costs, and other factors.

Barr Pharma Inc (BRL | Quote | Chart | News | PowerRating) soared 11.02% or $6.26 to $63.44 on a more than 7 billion dollar buy out announcement from Teva.

Google (GOOG | Quote | Chart | News | PowerRating) plummeted 9.72% or $51.86 to $481.58/share after missing earning estimates for the fourth time and a pending suit from YouTube.

Mattel (MAT | Quote | Chart | News | PowerRating) advanced 12.91% or $2.36 to $20.64 after the toymaker won a jury verdict on the source of Bratz dolls and beating analyst's estimates.

Gold fell another $12.70 to $958/oz, oil gave back $0.34 to $128.95 and the VIX dropped 3.84% to 24.05.

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