IBD'S TOP 10.(A)

Google Dives After Missing Views

1The Web search giant fell 13% late after saying it earned $1.54 a share ex items, 22 cents below Q4 estimates and up just 67% vs. a year earlier. It's the smallest gain in years and the first time Google didn't beat views. It cited an unexpectedly higher tax rate. Core revenue of $1.29 bil just met views. Yahoo, which also fell late, on Jan. 17 said it missed Q4 results. More on this page

Fed Hikes And "May' Do So Again

2As expected, the Fed raised the fed funds rate by a quarter-point for a 14th straight meeting -- Alan Greenspan's last -- to 4.5%. In the post-meeting statement, the Fed said some more tightening "may" be needed. In Dec., it said that was "likely." That gives Ben Bernanke, who takes over as Fed chief Wed., some leeway for the March 28 meeting; a hike is expected. More on this page

Stocks Mixed After Fed Meeting

3Big caps fell and small caps rose on heavy volume. The Nasdaq slid slightly and the S&P 500 fell 0.4%. But the small-cap S&P 600 rose 0.4% and the mid-cap S&P 400 went up 0.6%. Food, textile and household products firms performed best. The 10-year T-yield held at 4.53%, while the 2-year edged up to 4.54%. More on this page, B2

Bush Spotlights Oil Dependence