Friday, February 3, 2012

Celtics Continue Streak;Economy Looking Strong

The Boston Celtics won their third game in a row Friday night at TD Garden in Boston,edging past the New York Knicks 91-89.Ray Allen put Boston ahead with a three-pointer in the 4th period,followed by another three and a two.
The Celtics defense stopped the Knicks in the second half.Our defense is keeping us around the game,Boston coach Doc Rivers told his team.Your energy is good.
The Celtics have won seven of their last eight games.Carmelo Anthony has returned to the court for the Knicks,but his 26 points on the night weren't enough to overcome the Boston defense in the second half.
The Denver area is overcoming something most of the rest of the country hasn't seen much of this winter: heavy snow.Denver itself reports 13 inches of accumulation,but the foothills of the Rockies west of the city got up to four feet,or just over one meter of snow.
The market had a smooth journey on Friday when the unemployment rate dropped to 8.3% for January-its lowest level since February 2009,and the economy added a better than expected 243,000 jobs.The Institute for Supply Management also reported bigger than predicted growth in both the manufacturing and service sectors for January.For the week,the S&P 500 Index rose 2.17%,yielding a gain of 6.94 on the year.
Next week,earnings season continues with data coming in from Disney,Coca-Cola,PepsiCo,Visa and Time Warner Communications.Consumer sentiment will be reported on Friday.
The S&P futures climbed another 16.40 Friday evening,while bond index futures dropped.
PepsiCo(PEP),Coca-Cola(KO),Disney(DIS),Visa(V),Time Warner Communications(TWX)

No comments:

Post a Comment