Stocks have another green day to patch a solid week for the markets as earnings and economic data shine bright
- S&P 500: 85%
- Nasdaq: 78%
- Dow Jones: 56%
A better-than-expected jobless claims report helped boost sentiment. First-time claims for unemployment insurance totaled 779,000 for the week ended Jan. 30, below the 830,000 estimate from economists surveyed by Dow Jones
EBay jumped more than 10% after beating on both the top and bottom lines and issuing a rosier-than-expected forecast for the first quarter. PayPal gained more than 6% after strong quarterly results, while Qualcomm slipped over 7% after reporting revenues below consensus estimates for its fiscal first quarter.
Crude Oil and Natural Gas News
Crude oil bulls win again as prices go above $56 as positive stock data continues to buoy prices. Crude oil prices currently trading around $56.22. Natural ga price rise 4% as EIA reports 192 bcf draw in stocks, a record for this winter season. Natural gas prices currently trading around $2.912
US Energy News
- Natural gas stocks -192 bcf
- COP earnings
- Shell earnings
- Northern buys some Marcellus acreage
International Energy News
- Wind power +37%
- Saudi raises prices of US shipments
- EURO grid update
- BP/Rosneft team up on renewables projects
