Weekley roundup of world major stock markets

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Now lets move on to this week world top market analysis and roundup

Major companies including Caterpillar (CAT), Citigroup (C), Nokia (NOK), American Express (AXP) and Google (GOOG) reported robust quarterly earnings, cheering investors and driving U.S. stock markets to new heights. The Dow Jones Industrial Average rose 2.8% for the week and closed at a record on Friday, its third week in a row of gains. The technology laden NASDAQ climbed 1.4% for the week while the broader Standard & Poor's 500 Index gained 2.2%.

Yahoo? Not really

Yahoo (YHOO) reported an 11% drop in quarterly profit and only a small gain in revenue on Wednesday, after spending heavily to better compete with rival Google (GOOG). The next day, news emerged that a jailed Chinese dissident has sued Yahoo alleging it broke California, U.S. and international law by helping the Chinese government prosecute the dissident and about 60 others. The company acknowledges it turned over the information, but defended its actions

Google? Absolutely

Google Inc., the No. 1 Internet-search provider, reported first-quarter profit jumped 69% as it expanded its lead in the global market for Web-search advertising. The gains came even though Yahoo introduced a new search-advertising feature aimed squarely at leveling the field with Google.

Full cover stories or more articles on market watch analysis with John Shinal. Still we remember that next week will all major corporations are growing up…!