April 17, 2009

Markets open mixed Friday

U.S. markets opened mixed Friday, although Citigroup Inc. helped boost confidence by reporting a profit of $1.6 billion in the first quarter.

It was the bank's first profit in six quarters.

Internet giant Google Inc. said its revenues fell in the first quarter, but profits increased 8.9 percent at the Internet giant compared with the previous quarter, as cost cutting helped steer the company into the black.

In mid-morning trading, the Dow Jones industrial average rose 8.44 points, or 0.10 percent, to 8,133.87. The Standard & Poor's 500 was up 0.86 points, 0.10 percent, to 866.16. The Nasdaq composite index lost 7.88 points, 0.47 percent, to 1,662.56.

The benchmark 10-year U.S. Treasury bond fell 10/32 to yield 2.877 percent.

The euro fell to $1.3044, compared to Thursday's $1.3171. Against the Japanese yen, the dollar fell to 99.02 yen, compared to Thursday's 99.32 yen.

In Tokyo, the Nikkei average rose 1.74 percent, 152.32 points to 8,907.58.