Daily Wrap: 2/1/2012

Equities were strong today, crossing Dow 14,000 for the first time in several years. Investors deriving optimism from an upward revision in November payroll payroll jobs. Previously reported up 161,000, the new number suggests 247,000 jobs were added. As for this morning's unemployment rate, that increased to 7.9% in January, from 7.8% in the prior month. That was slightly less than expected, with most analysts expecting 7.7%. But investors shrugging that off for now.