The major index composites in the U.S. ended the last trading session of the
week in positive territory. The Dow Jones Industrial finished the last session
in the green by .46 percent at 12,341.83. The Nasdaq ended in the green as well
by .16 percent at 2,764.65. The S&P 500 ended the day higher by .39 percent at
1,319.68. It was a day of gains for the major stock composites yesterday but the
positive action was not enough to push stock values in the green for the week
overall. Google and Bank of America earnings reports came in below expectations.
Economic data was generally positive for the last session however. The Labor
Department reported that the Consumer Price Index data rose .5 percent in March
and the core CPI rose only 1 percent. The University of Michigans U.S. consumer
sentiment index moved higher which was a positive sign for investors. Stock
index composites bumped higher after this news posted. The Federal Reserve
reported that the U.S. industrial production reading rose higher by .8 percent
which was another post that came in a bit better than what economists had been
anticipating. The dollar fell versus the Japanese yen and British pound but
moved higher versus the euro. Oil for May delivery moved higher again and gold
for June delivery rose higher on the day as well. Author: Frank Matto
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