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 Friday’s 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 McDonald’s and Harman International released positive earnings reports which continue to stoke the stock rally movement. McDonald’s 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. Read More