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The dollar dropped once again as it fell lower to the euro, the British pound and the Japanese yen during the last trading session to close out the week in the United States. The dollar dropped lower, but gold and silver contract rates notched higher and stocks moved forward as well. The major market indices in the United States all closed the last trading session in the green, due in part, to the positive quarterly earning reports that dropped yesterday and throughout the entire week. It was an especially good month for the Nasdaq and Dow Jones Industrials. The Nasdaq closed out last session in the U.S. higher by .04 percent to finished the session at 2873.54. The S&P 500 closed out higher by 3.13 at 1363.61. The Dow Jones Industrial Average finished the session higher by .37 percent at 12810.54. So far for 2011, April index values for the Dow and Nasdaq closed out at levels better than any other monthly closing marks this year. Solid gains for stocks posted Friday on the strength of earning reports. Investors received an extra shot of confidence Friday when posted earnings from Caterpillar were better than expected. Strong earnings figures have stocks notching their way higher. Some analysts however are quick to point out that company profits may be skewed in light of current inflation trends and soon to be extinguished tax breaks. Author: Frank Matto
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