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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