US mkts post the best week in two months
The Dow Jones Industrial Average ended up 30 points or 0.25% at 12,092 on Friday; it was up 2.3% for week and up 4.5% year-to-date (YTD).
February 07, 2011 / 08:58 IST
By Varinder Bansal, Research Analyst at CNBC-TV18
The US markets posted the best week in two months, in spite of non-so-encouraging January jobs report.The Dow Jones Industrial Average ended up 30 points or 0.25% at 12,092 on Friday; it was up 2.3% for week and up 4.5% year-to-date (YTD).The Nasdaq Composite was up 15.4 points or 0.56% at 2,769. It was up 3% for week and up 4.4% YTD.The S&P 500 Index went up 4 points or 0.29% at 1,311; it was up 2.7% for week and up 4.2% YTD.Asian markets opened in the green; Kospi was up 1.6%, Nikkie up 0.6%, Hang Seng up 0.3% and Straits Times up 0.10%.European markets ended higher: CAC was up 0.26%, DAX up 0.31% and FTSE up 0.23%. CBOE VIX fell 4.5% at 15.9.Alert: China, Taiwan markets shut today US Economic NewsJanuary non-farm payrolls increased by 36,000, considerably less than the 148,000 additions expectedPrivate payrolls increased by only 50,000, against expected 163,000 additions January unemployment rate fell sharply to 9.0% from 9.4% in December while market expected 9.5% CurrenciesDollar Index was up 0.3% for its third straight gainDollar went up 30 bps versus Euro at 1.36Yen was down 78 bps versus USD at 82.2 CommoditiesMarch crude oil contract was down 1.7% at USD 89/barrel on Friday. It was down 0.5% for week.March natural gas contract was down 0.4% at USD 4.31 per MMBtuApril gold contract fell 0.3% at USD 1349.5/ounceMarch silver contract went up 1.1% at USD 29.01/ounceCopper hit an all-time high. Data to watchMonday: Employment trends index, consumer credit, Obama speaks to Chamber of CommerceTuesday: earnings from Toyota, UBS, Disney and McAfee Wednesday: Weekly mortgage applications, oil inventories, Bernanke testifies before U.S. House, Fannie/Freddie reform hearing, Moody
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