The Dow Jones Industrial Average, as well as the Nasdaq and the S&P 500, closed
out the last trading session in the U.S. on top. Investors rode a positive wave
of optimism during the latter half of the week. This positive wave was caused,
in part, by progressive action relevant to the European debt resolution process
and the better-than-expected batch of earnings reports. The Dow ended the last
session higher by 267 points at 11,808.97. The Nasdaq finished higher by 38
points at 2637.46 and the S&P 500 finished better by about 23 points at 1238.23.
Investors hope to see the positive momentum carry through the weekend to push
stock indices higher during todays opening session. The ebb and flow of the
market indices have been influenced recently by the volatility emanating from
the eurozone. The debt resolution planning continued over the weekend and
details of this plan are expected very soon. Investors remain optimistic that
the details of this plan will help to induce greater financial stability in the
region. This positive action will have ripple affects in the global marketplace.
These ripples were the same that helped push indices in the U.S. to their
highest levels in over two months on Friday. Frank Matto
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