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MarketWatch for Friday, October 18, 2013

If you're keeping on top of the stock markets this morning, Friday, October 18, 2013...
If you're keeping on top of the stock markets this morning,   Friday, October 18, 2013... 

The Nikkei is down 25 points today.
On Wall Street, the Dow fell off 2 points yesterday on news of disappointing earnings from IBM and Goldman Sachs.
And the Nasdaq climbed 24 points to close at a 13 year high.


Google's earnings climbed 36 percent to $3 billion last quarter.  More people connected to its search engine and other services on its mobile devices. Those results beat Wall Street's estimates.

Profit at the Mexican fast food chain Chipotle jumped 15 percent last quarter. Sales rose a better than expected 6 percent as more people went to its restaurants for burittos, tacos and bowls.

Expect earnings today from General Electric and Morgan Stanley.

Blackberry may have another suitor. China's Lenovo group is reportedly considering making a bid for the struggling smartphone maker. Other potential bidders include Blackberry's largest shareholder, Fairfax Financial, and the company's co-founders. Blackberry put itself up for sale in August after years of declining market share.

It's slightly more expensive to finance a home this week. According to Freddie Mac, the average rate on a 30 year fixed loan rose to 4.28 percent from 4.23 percent while the average on the 15 year fixed loan edged up to 3.33 percent.


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