The equities market was also rallying this week into Friday's action and the latest earnings.

"We are seeing growth. The performance of the market in the face of all these moving parts, just to be up is tremendous. Uncertainty breeds volatility, but for the next six months the trends are up," Conroy said.

Dow Winners

Microsoft Handily Beats Estimates

McDonald's Beats As Profit Jumps

GE Beats, Positive on 2012

Verizon Beats on Smart Phones

Dow Losers

Caterpillar Misses, but Lifts Forecast

Travelers Hit by Catastrophe Losses

-- Written by Eric Rosenbaum from New York.

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