It was a good week for the stock market and the Arkansas Razorbacks.Encouraged by a positive employment report and a promising result from the Institute for Supply Management's manufacturing survey,the Dow logged a 1.17% weekly gain,while the NASDAQ led the way with a 2.65 uptick and the S&P added 1.61 to its ledger.
Some dismissed the expansion of employment by 200,000 jobs in December as a result of seasonal hiring.They also pointed out that the number of long term unemployed remains at 5.6 million.The Euro-zone debt crisis,Iranian behavior and U.S. deficit issue remain significant headwinds as well.
The Arkansas Razorbacks won their school record 11th football game of the season as they soundly beat the Kansas State Wildcats 29-13 in the AT&T Cotton Bowl in Arlington,Texas.It was the Razorbacks' fourth Cotton Bowl trophy,the last one being earned in the year 2000.The game was held at the NFL's largest venue,Cowboy Stadium,before a spirited sellout crowd of 80,000.
AT&T,which is based in nearby Dallas,has been a Cotton Bowl sponsor for 16 years.
Next week,earnings season begins as Alcoa reports its Q4 results on Monday.Also on Monday,German Chancellor Angela Merkel will hold talks with French President Nicolas Sarkozy on European financial problems.In addition,retail sales and consumer sentiment reports could color the market's performance.The S&P futures rose 1.10 on Friday evening,and bond index futures edged higher as well.
AT&T(T)
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