MENAFN - ProactiveInvestors - Australia
(MENAFN - ProactiveInvestors - Australia) Investors in the U.S. made sure that February started with a bang and not a whimper. January is often a strong month and February is historically been ho hum.
Dow Jones: 14,009, 149.2, 1.0 percent
S&P 500: 1,513, 15.0, 1.0 percent
NASDAQ: 3,179, 36.9, 1.1 percent
Market commentators seem to take the same bits of economic news and come up with markedly different reads on the data.
The bulls saw positive trends in the labor market. With payrolls rising by 157,000 in January, but November's payroll gains were revised more than 50% higher, from 161,000, to 247,000.
Others saw the January jobs report not as exciting saying the economy adding "just 157,000 payrolls in January, which was less than expected."
"The unemployment rate unexpectedly jumped." Then came the contradiction. "However, the December Non Farm Payroll number was revised up by 41,000 and the November number was revised up by 86,000. If anything, the report was bullish."
Consumer confidence unexpectedly jumped to 73.8, beating expectations for 71.5. Gains were driven by the economic outlook sub-component of the index, which rose to 66.6 from 63.8 last month.
Markets continued to inch toward their all-time highs. The Dow closed at an all-time high of 14,164 on October 9, 2007. It hit an intra-day high of 14,198 on October 11, 2007.
The S&P 500 isn't too far from its all-time high of 1,565, which it also high on October 9, 2007.
So which ever way you slice it, it has been a slice of heaven for investors in the U.S. market.
MENA News Headlines
|Mar 9 2014||New fashion company plans IPO in Dubai ,MENAFN|
|(MENAFN) A retailing company still being formed is planning for its first initial public offering (IPO) on Dubai's main stock market in five years, Arabian Business reported.
The company will ...|
|Mar 9 2014||UAE's du signs agreement with international telecom companies ,MENAFN|
|(MENAFN) du, the Middle East"s fastest growing telecom service provider, has joined an international consortium that includes several telecom companies to build South East Asia - Middle East -Western ...|
|Mar 9 2014||UAE's RTA wins USD27 m contract ,MENAFN|
|(MENAFN) UAE's Board of Directors of the Roads & Transport Authority (RTA) has won a contract to construct and collector internal roads at Al Barsha South 1 and Al Barsha South 2, according to the ...|
|Mar 9 2014||Dubai's Emirates to sign off USD76 b deal with Boeing ,MENAFN|
|(MENAFN) Dubai"s Emirates said it will cancel its USD76 billion purchase of Boeing 777X wide-body planes for reasons, such as performance guarantees, according to Arabian Business.
The order ...|
|Mar 9 2014||La Liga Preview: Real Madrid v Levante ,Kora|
|(MENAFN - Kora) Carlo Ancelotti's side rescued a 3-2 win at Estadi Ciutat de Valencia in October with stoppage-time goals from Alvaro Morata and Cristiano Ronaldo.
They will enter this weekend's ...|
|Mar 9 2014||Steyn, Johnson absent for T20 series ,Kora|
|(MENAFN - Kora) Mitchell Johnson has been rested for the three-match series, returning to Australia ahead of the World Twenty20 in Bangladesh.
Dale Steyn battled through South Africa's third Test ...|
|Mar 9 2014||Lee, Son progress to Birmingham last four ,Kora|
|(MENAFN - Kora) Malaysia's Lee thrashed Japan's Kento Momota 21-14 21-18 in their quarter-finals at the National Indoor Arena in Birmingham.
He will face Son Wan Ho in the last four after the ...|
|Mar 9 2014||Copa Libertadores Preview: Atletico Mineiro, Velez Sarsfield near progression ,Kora|
|(MENAFN - Kora) Both teams have claimed two wins from as many games in their groups and a third € halfway through the stage € would set them up nicely.
Mineiro have edged their way to the top of ...|
|Mar 9 2014||Davids: Del Piero should delay coaching plans ,Kora|
|(MENAFN - Kora)
The Sydney FC star, 39, is nearing the end of his career and is yet to re-sign with the A-League club, having been linked with another move to Asia.
Davids, who played alongside ...|
|Mar 9 2014||Blanc confirms Cavani will miss Bastia trip ,Kora|
|(MENAFN - Kora)Cavani returned to Uruguay earlier in the week for personal reasons and will not be back in time for Saturday's match.
The 27-year-old has scored 14 goals in 22 league appearances ...|
|Mar 9 2014||Barca are not in decline, Xavi insists ,Kora|
|(MENAFN - Kora) Barca secured three La Liga titles, two Copa del Rey medals and twice won the UEFA Champions League under the stewardship of former coach Pep Guardiola,
Tito Vilanova carried on ...|
|Mar 9 2014||UAE's Majid Al Futtaim sign agreement with HCT ,MENAFN|
|(MENAFN) UAE-based retail giant Majid Al Futtaim and Higher Colleges of Technology (HCT) have signed an agreement to launch a retail academy and industry consortium, according to Arabian ...|
|Mar 9 2014||Northampton book Anglo-Welsh Cup final spot ,Kora|
|(MENAFN - Kora) George Pisi was the star of the show for the 2010 winners at Franklin's Gardens as he completed a hat-trick in the second half to complete a comfortable victory.
Saracens struggled ...|
|Mar 9 2014||Wenger delighted with Ozil showing ,Kora|
|(MENAFN - Kora) Ozil opened the scoring with a well-taken side-footed finish from inside the area before showing good awareness to lay on Arsenal's fourth for substitute Olivier Giroud late on. ...|
|Mar 9 2014||Russian biathletes give hosts fine start in Sochi ,Kora|
|(MENAFN - Kora) The host nation claimed 33 medals in total at the Olympic Games, 13 of them gold, and their Paralympians also rose to the occasion by winning 12 medals on day one with a string of ...|
|Mar 9 2014||Premier League: Crystal Palace 0 Southampton 1 ,Kora|
|(MENAFN - Kora) Chances were few and far between for much of the opening period at Selhurst Park on Saturday, but it was a mistake by a former Southampton player that saw the deadlock ...|
|Mar 9 2014||Premier League: Cardiff City 3 Fulham 1 ,Kora|
|(MENAFN - Kora)
Caulker, who was part of Roy Hodgson's England squad in midweek, concluded a listless first half with a close-range finish in stoppage time.
Fulham responded well and levelled ...|
|Mar 9 2014||Van Persie substitution was planned, claims Moyes ,Kora|
|(MENAFN - Kora) Van Persie was on the periphery of matters throughout United's routine 3-0 victory at The Hawthorns on Saturday, and appeared fortunate to escape a red card when he seemed to let his ...|
|Mar 9 2014||Serie A: Udinese 1 Milan 0 ,Kora|
|(MENAFN - Kora) The veteran striker, who looks set to call time on his playing career at the end of the season, produced the winner to help Francesco Guidolin's men to their first win in a month and ...|
|Mar 9 2014||Di Natale hails 'important' Udinese win ,Kora|
|(MENAFN - Kora) The veteran striker scored the only goal of the game as Udinese picked up their first win in a month, putting the finishing touch to a sweeping move from the hosts after 67 minutes. ...|