Daily Data Flow: Jobs Data Boosts Dow Past 14,000; Auto Sales Strong in January; Euro Beats Dollar and Yen

Daily Data Flow

Jobs Data Boosts Dow Past 14,000 (Bloomberg)
Manufacturing and jobs data released today pushed U.S. stocks upward, allowing the Dow to jump 148.14 points, 1.1%, to pass 14,000 for the first time in five years. “The market is greeting the jobs numbers very happily,” Wayne Wilbanks, chief investment officer at Wilbanks, Smith & Thomas Asset Management LLC in Norfolk, Va., said. “The U.S. economy continues to benefit from the two in particular very positive trends” in manufacturing and real estate, he said.

Auto Sales Have Strong January (CNBC)
Ford and Toyota gave strong January sales reports, and the automotive industry is set to report a sales rate of 15.4 or 15.5 million for January, showing strength which is likely to extend through the rest of the year. “We still see positive economic trends whether it is housing, consumer credit, etc.,” said Kurt McNeil, vice president of U.S. sales at General Motors. “Consumers have been waiting to see some of these things play out by way of taxes and government spending and that is breaking loose a little bit.”

Euro Beats Dollar and Yen (Reuters)
Today, the euro hit its best point against the U.S. dollar in 14 months and its highest level against the yen in the last 33 months. This was due to expectations-surpassing manufacturing data from the euro zone compounded with forecasts of easy monetary policies from both the United States and Japan. “The euro has been bid for the last month on reduced tail risks in the euro zone and a shrinking balance sheet of the European Central Bank is pushing short-term rates higher as a result. Everywhere else people are printing money, so on a relative basis, the ECB is tighter,” said Greg Anderson, currency strategist at CitiFX in New York.

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

previous article

The TransUnion credit reporting agency announced the total amount of student loans outstanding is $900 billion and roughly 33% of that enormous figure -- approximately $300 billion -- has been categorized as subprime student loans, which are more than 30 days delinquent..


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Profits Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • Intelligence Report
  • Bullseye Stock Trader

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Technical Traders Alert
  • Success Trading Group


Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor