Daily Investment Interpretations

February 3, 2011

2012-2-3: (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 rose 31.50 (1.24%) to 2,523.00. The Dow jumped 156.82 points (1.23% to 12,862.23; the S&P 500 hopped up 19.36 points (1.46%) to settle at 1,344.90. Oil fell to 97.76: Oil up for day, down for week; gold tumbled 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.
    Marketwatch says: 
    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.