Positive Payrolls, Disappointing Earnings

US nonfarm payrolls for January came in much stronger than expected (130K vs street 70K), sparking a broad rally in stocks. US index futures had been quite before the news, and all up about 0.3%. Overseas, the Nikkei rallied another 2.8% overnight, while in Europe, the DAX is down 0.3% and the FTSE is up […]