GOOG Down, Citigroup Up

Markets are mixed in th first 45 minutes of trading. Reacting to earnings after the close GOOG, GILD, MSFT, COF, MER and AMD are down while IBM is up this morning. This morning C reported a $7.2 billion dollar writedown which was smaller than expected as well as a smaller than expected operating losses. C is trading up $1.50. SLB beat estimates and the stock is up more than $3.70. HON also reported this morning and is trading down about 50 cents. Steel stocks X, SCHN, STLD and NUE are higher this morning. Coal stocks KOL, CNX and MEE are up, BTU is down. Ag-related stocks POT, MOS, IPI are down, CF and AGU are up. The Nasdaq is down over 1.6% heavily influenced by GOOG which is down over $47 or 8.9%. The other indices are down 0.3% to 0.6%.