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MARKET WRAP.

Feb 5
7:49
PM
Category | Mortgage Speak

Mortgage Bonds ended near unchanged and off their best levels as Stocks rallied big on positive earnings, corporate deals and rising oil prices. The 3% coupon closed near unchanged at 102.97 at 5:00pm ET. Stocks rallied big pushing the Dow (17,884.88, +211.86) and the S&P (2,062.52, +21.01) into positive territory for 2015 - Nasdaq (4,765.10, +48.39). Oil was last seen at $50.48/barrel up $2.03. The January Jobs Report will be released at 8:30am ET tomorrow morning where it is expected that employers added 235K jobs. Be sure to tune in near that time tomorrow to get the numbers and the market reaction.


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