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Stocks Rally on Bullish Jobs Data, Positive Earnings; Slip in Interest Rates Lifting Home Builders, S&P 500

By: MT Newswires
Posted: 2/6/2014 12:10:00 PM
Referenced Stocks: DIS;TWTR;GMCR;KO

Market-friendly data on the U.S. job market and upbeat earnings from Dow component Walt Disney Cos. ( DIS ) has been fueling an impressive rally in the stock market today with the Dow Industrials Average posting a triple-digit gain and trading back above its 200-day moving average.

Although the Nasdaq Composite index is weighed down by a free fall for shares of Twitter ( TWTR ) despite the micro-blogger posting Q4 earnings and revenue that topped analyst expectations, much of that pressure is mitigated by strong gains by Green Mountain Coffee ( GMCR ) after it announced a 10-year partnership with Coca-Cola ( KO ) to develop home soft-drink dispensers, leaving the tech-laden market index with a modest gain. Homebuilders, meanwhile, were supporting gains for the S&P 500 as falling Treasury yields are expected to translate into more attractive mortgage rates.