Stocks managed another day of gains yesterday. News overseas has been
unsettling but investors shrugged off the negative bites to help stocks find
their way green for a third straight close in a row. The major index composites
in the U.S finished in positive territory yesterday, the last trading session of
the week. The overall rally helped to keep the composites positive for the week
as the Dow Jones Industrial Average surged higher than it has in several months.
The Nasdaq and S&P 500 both finished with weekly gains over 3.5 percent and 2.5
percent respectively. As of last session close, the Dow Jones Industrial Average
had moved higher by .41 percent on the day and ended with a value of 12,220.59.
The Nasdaq had pushed higher into the green for the day by .24 percent and
finished off at 2,743.06. The S&P 500 climbed this day as well by .32 percent
and ended the session at 1,313.80. The 10 year yield posted 3.44 percent and the
dollar moved higher versus the euro, the British pound, and the Japanese yen.
Oil for May delivery dropped lower by 8 cents but Gold futures for April
delivery moved higher by $8.70 per ounce. No major news posted Friday and the
positive momentum that had built the day prior helped to keep stock index trends
moving in positive territory. Author: Frank Matto
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