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U.S. stocks finish week on positive note; S&P finishes above 1,400

By FXstreet.com,  April 27, 2012, 04:23:00 PM EDT

FXstreet.com (San Francisco) - U.S. stocks moved higher Friday, as upbeat corporate results outweighed a weaker-than-expected report on first-quarter economic growth. The Dow Jones industrial average gained 23 points, or 0.18% to 13,228. The S&P 500 rose 3 points, or 0.2% to 1,403, and the Nasdaq added 18 points, or 0.6%. Stocks started the week with a sharp selloff on Monday, but the Dow and S&P 500 managed to risen for four successive days, driven primarily by better-than-expected corporate earnings. For the week, the Dow gained 1.6%. The S&P 500 gained 1.8% and the Nasdaq ended 2.3% higher.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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