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Stocks rallied early then faded a bit on Tuesday partly because of the Fed in Washington. The indices did close mostly higher, although the Dow was flat, but it was a negative reversal day and that could indicate some short-term issues for the market.

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Stocks opened lower on Monday, but the day's lows were basically that opening tick, and it was mostly a trek north for the rest of the day. With the weekend coronavirus nerves out of the way, and perhaps a strong jobs report buying lag, the Dow gained back 174-points of Friday's 277-point decline, while the S&P 500 and Nasdaq handily surpassed Friday's losses.

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Stocks were down sharply on Friday and despite that, the indices had one of their best weeks in months. Whenever you get a strong economic report like Friday's jobs report - or positive news headlines in general - and stocks are down, that sends out a red flag. The thing is, there has been a pattern of weak Fridays all year. The question is whether Monday is a bounce back day like we saw last week. The Dow lost 277-points, so it and the caps were the laggards on the day.

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Stocks had a strong bounce back from the late January losses this week. U.S. large cap indices saw their best week since June thanks to strong corporate earnings following discounted prices produced by coronavirus fears. The coronavirus is still a concern and its unclear how long the outbreak will impact Chinese economy and to what extent. Investors are swallowing a lot of factors currently and which headline has their at most attention depends on where stock prices are on their current volatile ...

CNBC: January adds a much stronger-than-expected 225,000 jobs, with a boost from warm weather

KEY POINTS

Nonfarm payrolls surged 225,000 for the month, well above Wall Street estimates for a 158,000 gain.

The unemployment rate ticked higher to 3.6%, but for the right reason as the labor force participation rate increased 0.2 percentage points to 63.4%, matching its highest level since June 2013.

Average hourly earnings rose 3.1% over a year ago

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