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22 April 05: US Stocks Decline As Friday's Trading Opens


Disappointing earnings reports from some corporations drove U.S. stocks down in Friday's early trading.

The Dow Jones Industrial Average dropped 44 points to reach 10,175. The S & P 500 was down five points at 1155 and the NASDAQ dropped 14 points to 1948.

European share prices are higher in midday trading. London's Financial Times index, the CAC-40 in Paris, and the DAX index in Frankfurt all gained half a percent or more.

Earlier in Asia, the Tokyo Stock Exchange's Nikkei Average rose 62 points to finish at 11,046. The Hang Seng in Hong Kong closed 96 points higher at 13,694.

The price of gold is up more than two dollars, trading at 434 dollars and 86 cents an ounce in New York.

The dollar in New York is down against the yen and the euro.

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