Friday's Market Recap - Stocks Begins New Year With A Bang. Dow, Nasdaq, & S&P, Are At R

What is The Premarket Telling Us?

9:00 AM.

As seems to be the norm recently, US stock futures are elevated in the premarket. Dow futures up 69 points, Nasdaq futures up 24 points, and S&P futures up 7.50 points. As the whole the country is under a deep freeze, the stock markets seem to be the only thing that is hot, and investors are loving it.

On The Bond Desk:

US 10 year bond yield sits at 2.46%, up 0.01% or a basis point.

Currency Desk:

Euro dollar hangs on at 1.20

UK Pound at 1.35

Crude Oil:

WTI crude oil futures at $61.44/barrel, down 0.92%.

On the Earnings Calendar:

None

In M&A News:

None

What About The Asian And European Markets?

Asian stock closed with gains. Japan (Nikkei 225) up 0.89%, Shanghai up 0.18%, Hong Kong (Hang Seng) up 0.25%.

European stocks are strong early, finished higher; German (DAX) up 1.15%, France CAC 40 up 1.05%, London FTSE 100 up 0.37%.

Market And Sector Dynamics

Stocks opened with moderate gains to start the trading session. The Dow gained 52 points, Nasdaq gained 28 points, and S&P gained 8 points. For the most part investors ignored December employment number, which came in a disappointing 148,000, compared to the 191,000 expected. This follows yesterday's ADP private payroll number which recorded private sector job gains of 250,000.

Stocks gradually during the entire trading session, slowly increasing momentum in the late afternoon session, and into the close.

Ten of the eleven S&P sectors ended the day with gains. Consumer goods, technology, industrials, healthcare, telecommunications, and basic materials, were the outperformers.

Factors Influencing Today's Market

• Crude oil prices gave back a little of the recent gains today. WTI crude oil closed at $61.44/barrel, down 0.94%.

• This week's Baker Hughes Oil Rig Count fell 5 rigs to 742.

• December Employment report shows 148, 000 new jobs were created, and the unemployment held at 4.1%.

• ISM Non-Manufacturing Index cooled somewhat in December. It came in at 55.9 vs 57.6 expected.

Market Close Volume Traded And Advance Decline Ratio

At the close of trading the Dow jumped 220.74 points, Nasdaq gained 58.64 points, and the S&P up 19.16 points. Total NYSE volume traded, Total NYSE volume traded,a moderate 3.24 billion shares. Advancing shares outpaced Declining shares nearly 2:1.

Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.