The stock market was seemingly little concerned about a disappointing employment report,as well as an unfolding crisis of global import,as it logged modest gains for the week that was.The Dow added 2.27,while the NASDAQ gained 3.07 and the S&P 2.7 respectively.The paltry jobs growth of only 36,000 in January,when what is needed is well into six figures,and the struggle of Egyptians against authoritarian rule were set aside in favor of strong manufacturing and service sector data from the Institute for Supply Management,as well as a stable European situation.
Winter weather could not be dismissed at the Dallas Super Bowl site,where six people were injured by ice falling off the roof of Cowboys Stadium;nor in Scottsdale,where the Phoenix Open was delayed by yesterday's frost and subfreezing temperatures.Americans Tommy Gainey and Mark Wilson led the portion of the second round completed on Friday at -11,while Australian Geoff Ogilvy notched a third place with a -9.Phil Mickelson will play his second round Saturday.
The S&P futures warmed up 3.90 Friday evening,and the ten year Treasury futures tacked on more interest.Next week,Kraft Foods and Disney will be among those reporting earnings.
Kraft Foods(KFT),Disney(DIS)
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