Daily Investment Interpretations
February 3, 2011
(Friday Night): The
markets went on a tear today on unexpectedly good employment news: 243,000 U.S. jobs created in January;
Dow at 4-year high, Nasdaq hits 11-year high
The NASDAQ Composite
to 2,523.00. The Dow jumped 156.82
the S&P 500 hopped up 19.36 points
to settle at 1,344.90. Oil fell to 97.76: Oil up for day, down for week;
to 1729: Gold logs first loss in four sessions.
The VIX declined 0.88
points to 17.10.
Things have at least temporarily quieted down in the Eurozone, and today's employment news was unexpectedly good.
Jobs data spank gold, silver
2 million jobs since summer
State of the Markets articles include:
Video Update: Weekly Market Wrap-Up
ISM Non-Manufacturing Index Shows Economy Moving Forward
Jobs Report Shows Improvement in Labor Market as Economy Created 243K New Jobs
Greece Update: What Everyone is Waiting For
Greece Update: Papademos Rumored to Be Resigning If Austerity Deal Fails
Iran Threatens Retaliation Over Oil Sanctions
History Says Think Again Before Buying After the Jobs Report
Eurozone Services PMIs Show Improvement
As is typical on Friday nights, there isn't much commentary.