The primary index composites in the U.S. moved through positive territory
during the majority of the last trading session this week. Trends have been
choppy as the affects of global economic developments continue to influence. The
ongoing debt resolution process in the eurozone is highly influential and
currently, European leaders are suggesting that several more meetings are
necessary prior to action plan details being released. The waiting process
continues but in the meantime, the primary European indices closed out their
last session of the week green. This positively skewed action helped push index
trends in the U.S. higher. Stocks were in rally mode throughout Fridays session.
Investors were feeling more optimistic on a global scale. Adding to the positive
tone of the day were the better than expected crop of earnings reports.
Companies such as McDonalds and Harman International released positive earnings
reports which continue to stoke the stock rally movement. McDonalds stock pushed
higher by over 3.5 percent after news spread of the better-than-expected earning
results. The indices closed out officially on the positive side of break-even.
The Dow Jones Industrial Average finished higher by 2.31 percent at 11,808.79.
The Nasdaq finished higher 1.49 percent at 2,637.46. The S&P 500 closed out the
session higher by 1.88 percent at 1,238.25. The dollar dropped versus the euro,
British pound and the Japanese yen. Oil price per barrel gained 1.6 percent and
gold price per ounce moved higher by 1.4 percent. Frank Matto
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