(July 18, 2008)--Wall Street finished a strong week with a mixed performance Friday after disappointing high-tech earnings punctured some of investors' enthusiasm over better-than-expected results from banks.
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 closed up about 49 points at the 11,496 level.
But the Nasdaq composite index was down after disappointing earnings from Google Inc., Microsoft Corp. and Advanced Micro Devices Inc.
After edging up most of the day, oil prices fell again Friday.
Light, sweet crude for August delivery fell 41 cents on the New York Mercantile Exchange, settling below $129 a barrel, which is a drop of more than $18 from last Friday's record close.
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