The stock market finally reversed its downward trend and rallied yesterday with the Dow closing at 15628.53.

The stock market finally reversed its downward trend and rallied yesterday with the Dow closing at 15628.53. The markets in China are back after their week long holiday from celebrating the New Year. Today is the day that investors have been anxiously waiting for- the Nonfarm Payrolls number and the Unemployment Rate. NFP figures for January are up 113,000 vs. December’s figure of 75,000, but still way below the consensus of 185,000. The Unemployment Rate is at 6.6% vs. last month’s number of 6.7%. Gold spiked to a high of 1272 due to another month of a disappointing job report. I guess we can blame the weather for the weak data once again! Investors are questioning how the Fed would interpret this report. Does this mean they may consider putting the taper on pause or perhaps nothing can hold them back since they have already started scaling back? I guess we will have to wait until the next Fed meeting in March to find out! Have a great weekend!!!