MARKET WRAP
| Last | Change | % Chg | |
| DJIA* | 12862.23 | 156.82 | 1.23 |
| Nasdaq* | 2905.66 | 45.98 | 1.61 |
| S&P 500* | 1344.90 | 19.36 | 1.46 |
| DJ Total Stock Market* | 14167.71 | 220.02 | 1.58 |
| Russell 2000* | 831.11 | 18.22 | 2.24 |
Source: The wall Street Journal*
*Dow Jones stock indexes are updated in real-time. Source: Dow Jones & Co.
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MORNING MARKET BRIEFING
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U.S.A. SECURITIES AND EXCHANGE COMMISSION
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| Last | Change | % Chg | |
| DJIA* | 12862.23 | 156.82 | 1.23 |
| Nasdaq* | 2905.66 | 45.98 | 1.61 |
| S&P 500* | 1344.90 | 19.36 | 1.46 |
| DJ Total Stock Market* | 14167.71 | 220.02 | 1.58 |
| Russell 2000* | 831.11 | 18.22 | 2.24 |
| Last | Change | % Chg | |
| DJIA* | 12862.23 | 156.82 | 1.23 |
| Nasdaq* | 2905.66 | 45.98 | 1.61 |
| S&P 500* | 1344.90 | 19.36 | 1.46 |
| DJ Total Stock Market* | 14167.71 | 220.02 | 1.58 |
| Russell 2000* | 831.11 | 18.22 | 2.24 |
ce: The wall Street Journal*
*Dow Jones stock indexes are updated in real-time. Source: Dow Jones & Co.
Commentary
Upbeat Jobs Data Leads To Rally On Wall Street - U.S. Commentary
After turning in a lackluster performance in the previous session, stocks showed a substantial upward move during trading on Friday, as traders reacted positively to a much better than expected report on the employment situation in the month of January. (Feb 3, 2012) Full Article
Economic News
U.S. Unemployment Rate Unexpectedly Drops To 8.3% In January
The U.S. economy added far more jobs than were expected in the month of January, according to new government statistics released Friday, with the job growth unexpectedly pushing the unemployment rate down to its lowest level in almost 3 years. The Labor Department report showed that the non-farm payroll employment jumped by 243,000 jobs in January following a revised increase of 203,000 jobs in December. Economists had expected employment to increase by about 140,000 jobs. (Feb 3, 2012) Full Article
U.S. Service Index Jumps To Eleven-Month High In January
Activity in the U.S. service sector expanded at a faster than expected rate in the month of January, according to a report released by the Institute for Supply Management on Friday, with the index of activity in the sector rising to an eleven-month high. The ISM said its non-manufacturing index rose to 56.8 in January from a revised 53.0 in December, with a reading above 50 indicating growth in the service sector. Economists had expected the index to edge up to 53.3. (Feb 3, 2012) Full Article
U.S. Factory Orders Rise 1.1% In December, Less Than Expected
While figures released by the Commerce Department on Friday showed a notable increase in new orders for manufactured goods in the month of December, the pace of growth fell short of economist estimates. The report showed that factory orders rose by 1.1 percent in December following an upwardly revised 2.2 percent increase in November. Economists had expected orders to increase by 1.5 percent compared to the 1.8 percent growth that had been reported for the previous month. (Feb 3, 2012) Full Article
Political News
Obama Warns Congress Against Actions That Could Hamper Economic Recovery
President Barack Obama seemed pleased with the better than expected employment numbers released Friday but warned Congress about actions that could slow down the recovery. Speaking at a fire station in Arlington, Virginia, Obama said, “This morning, we received more good news about our economy. In January, American businesses added another 257,000 jobs. The unemployment rate came down because more people found work.” (Feb 3, 2012) Full Article
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