Stock Market Report 2/1/12: Stocks Rally to Start Feb

As Facebook continues its preparations in going public, a new month started, and with a new month offers new hope. Is the new hope, false hope? With a shorter than normal month(but longer than most Februaries due to it being a leap year), the Stock Market rallied today. Some encouraging news globally was perhaps a key motivator for this change.

Stock Market Report 2/1/12: Another Month

Last month had days that were equal parts strong and weak. There were rallies, slumps, and just days were stocks remained flat. The stock market has increased across the board for today, as those in Wall Street prepare for a fresh month. A fresh month with some fresh hope and hopefully some news that is encouraging. Global manufacturing has spiked, but there are other areas that are a bit weaker than we would have assumed.

Facebook is going to be a huge part of the stock exchange no doubt. Whether it will be a new day for the company or just the beginning of the end will be something that we will take a look at in the coming weeks. Internet companies tend to be something of double edged sword. The dot com high rise and then high fall of the late 1990s and early 2000s could be one of the commanding factors to the state the stock market is.

Yet Facebook is a household name. For better or for worse, a lot of people use Facebook, so in many ways, offering stock is the next move. Perhaps a calculated risk that might pay off in the end. Facebook has a chance to boom big and flame out just as quickly as you could imagine. As today’s rally has been encouraging, tomorrow is always another day, but hopefully this will be a week in general where we end on a positive note, as we conclude looking at where we stand financially going into February of 2012.

Until tomorrow remember as always to do your homework and invest wisely.

Dow Jones: 12,714.65(+81.74)

Nasdaq: 2,848.27(+34.83)

S and P 500: 1,324.07(+11.68)