Oct. 16--The Dow and Nasdaq fell today, but Google's shares were up sharply after the Mountain View Internet giant reported earnings that at least one analyst, Ben Schachter of Broadpoint Amtech, described as "phenomenal."

Google finished at $549.85, up $19.94, or 3.8 percent.

Sunnyvale Internet company Yahoo gained, too, amid hopes that a recovering economy would lead to a growing online advertising market. Yahoo closed at $16.81, up 29 cents, or 1.8 percent.

Among Silicon Valley's largest stocks by market value, Hewlett-Packard and Oracle also finished higher.

Advanced Micro Devices shares plunged after the Sunnyvale chip maker, a rival to Intel in the computer microprocessor market, reported its 12th quarterly loss in a row after the markets closed Thursday. AMD shares finished at $5.74, down 45 cents, or 7.3 percent.

Apple, Cisco Systems, Intel, Gilead Sciences, eBay and Adobe Systems also were lower.

The blue chip Dow Jones industrial average, which includes Cisco, HP and Intel, dropped 67.03, or 0.7 percent, to 9,995.91. The tech-heavy Nasdaq composite index lost 16.49, or 0.8 percent, to 2,156.80. The Standard & Poor's 500 index was down 8.88, or 0.8 percent, to 1,087.68.

Contact Frank Russell at 408-920-5876. Follow him on Twitter at twitter.com/mercspike.

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