Daily Market Recap -
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Updated Each Business Day at Approximately 4:30 pm ET
Stocks surge on jobs data. Nonfarm payrolls rose 243,000, the best increase since April of last year. The unemployment rate fell to 8.3 percent, its best level in about 3 years. Other economic data also played to the bulls. The December non-manufacturing services index rose to 56.8 and factory orders climbed 1.1 percent in December.

The Dow rallied 156 points to 12862. Caterpillar and international Business Machines led in the broad-based advance. Only Procter & Gamble and Merck lost ground within the index. The NASDAQ ascended another 45 points gain to close at 2905. The S&P 500 surged 19 points to 1344. The Dow Utility Index edged a point higher to 451. The small caps of the Russell 2000 advanced 18 points to 831.

Volume totaled 904 million shares on the New York Stock Exchange and 543 million shares were exchanged on the NASDAQ. There were four times as many winners compared to losers on the New York Stock Exchange and the NASDAQ. US Treasury securities moved lower as demand for equities increased. Recent closing yields were 0.08 percent for the 3-month bill, 0.77 percent for the 5 year-note, 1.92 percent for the 10 year note and 3.13 percent for the 30-year bond. Have a great weekend!

Clients with questions concerning this Afternoon Comment are advised to contact Dendra Lambert at: 1-800-444-1854 x1239 or (502) 588-1239. Members of the media are advised to contact Chambers Moore at 1-800-444-1854 x8416 or (502) 588-8416.