How the outcome of the Super Bowl could influence the stock market and a strong jobs report fuels a rally on Wall Street. Here's the Friday Bloomberg After The Bell Report from the New York Stock Exchange.
NYSE Market Exchange
2430.43 up 16.77
3179.10 up 36.97
Standard And Poors 500
1513.17 up 15.06
A rally on Wall Street. A report signaling a strengthened jobs market sent the Dow past 14,000. We haven't seen that since October 2007, before the financial crisis hit. The day ended higher across the board.
Also good news for the auto industry with Toyota and Ford leading the four biggest automakers in reporting January gains that topped estimates. Toyota's deliveries of cars and light trucks shot up 27 percent while ford was close behind at 22 percent. GM and Chrysler both posted gains of 16 percent for the month with all four surpassing what analysts had projected.
A 49ers win this Sunday could mean a surge in stocks. According to the Bespoke Investment Group, the S&P gained 20 percent on average in the years San Francisco won the Super Bowl. The outlook for investors is not as bright if the Baltimore Ravens win. The team's one Super Bowl victory in 2001 preceded a 15 percent loss in the S&P.