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Trading at Noon: Wall St. jumps on overseas optimism

Wednesday, February 01, 2012 - 02:48

Feb. 1 - U.S. stocks rallied as upbeat economic data out of China and Germany eased concerns about the global economy and Greece neared a long-delayed deal on a debt swap.

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Checking in on trading at -- US that's starting February on a high note Dow NASDAQ S&P 500. -- an -- with positive news on capturing sector contributing to gains. It follows a January remote asset classes finished in the money emerging equities that stand out with an eleven point 3% gain. No gold out in ten year bonds and corporate bonds also finished higher. FaceBook expected to file its plans for going public today with investors getting a look inside the social networks is. When it comes to the actual -- that's expected may. We'll -- 800 million users be able to get in on the action. Given Facebook's reach and the desire to keep unity happy some speculating that -- but we'll try to friend smaller investors. Google famously used options system that's expected from the social network but. Look for some not for the little investor -- ace of the leases its plans may be even shout out and a billion there pretty wearing CEO himself. European regulators say let's. Not making deals in the joints your boards and YSE Euronext combination they blocked the plan agreement hearing the company would have too much control over European futures. The market that is not like planning but he looked continental. Reuters breaking news that the CEO should forfeit their bonuses for pursuing the slide deal. And industry survey US manufacturing hit its highest reading. In more than six months the institute for supply management index climbed 54 point one in January. The best and last -- now what tad below the consensus that it. Economist with Thomson Reuters IFR markets point out the index has risen for three months that route but characterize the growth as I -- on -- Meanwhile a separate report showed private sector added 170000. Jobs last month below the forecast for 180 I now here's. Chrysler. Beating half sales expectations. The automaker OCE 44%. Jump in US auto sales in January some analysts expected a rise of 39%. Gains for its Jeep brand helped power the strong month. Ford's sales climbed 7% while Guillen saw sales fall six. And finally it pays to have friends in high places I -- filings from Mitt Romney super pac restore our future reads like a who's who of Wall Street. From Tudor investment founder politics -- that tiger management's Julian Robertson. To billionaire investor William -- the -- at 23 point six million dollars in the bank at the end of 2011. And Hansen Leon -- in Florida. Flooding the airwaves with anti Gingrich spots and power and Romney and solid victory last night. That's it trading at noon I'm Jen Rogers this is writers.

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Trading at Noon: Wall St. jumps on overseas optimism

Wednesday, February 01, 2012 - 02:48