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Wall Street gains as investors weigh Citi, Google results



By TIM PARADIS, AP
18 April 2008 @ 04:53 pm EST

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Quotes
C 3.77 -0.94
GOOG 262.43 2.87
JPM 22.72 -0.66
INTC 13.11 0.88
KO 44 2.93
CAT 34.67 1.83

SYMBOL LOOKUP

On a day with little economic news, corporate reports peeled away some of Wall Street's worries.

Citigroup closed up $1.08, or 4.5 percent, to $25.11, while Google surged $89.87, or 20 percent, to $539.41 after the companies issued their reports.

Heavy equipment maker Caterpillar Inc. rose $6.69, or 8.5 percent, to $85.28 after reporting that demand for its global mining and energy products drove first-quarter earnings up a better-than-expected 13 percent. The company also affirmed its 2008 forecast.

The Russell 2000 index of smaller companies rose 13.07, or 1.9 percent, to 721.07.

Overseas, Japan's Nikkei stock average rose 0.58 percent. Britain's FTSE 100 finished up 1.27 percent, Germany's DAX index rose 2.41 percent, and France's CAC-40 rose 2.05 percent.

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Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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