Stock Market Blog -Jan 30th

The market dropped on Friday, with increased volume, triggered maybe by the unrest in Egypt.
AMZN, F, PMCS, and MWW sold off after reporting earnings.



New unemployment claims were up to 454,000! (chart).
This week, four more banks were shut down by the FDIC! (list).

Next week: (Economic reports link). Next week we get more earnings reports, to include:

Mon: BIDU
Tue:
Wed:
Thu:
Fri:

Market commentary: The market took a tumble on Friday, and we could see a continuation to the down-side, just based on an overdue correction.

Commodities (charts):
Oil prices spiked on Friday, closing just under $90 per barrel.
Natural Gas was down, closing near $4.30.
Gold dropped, closing around $1339.
The 30 year Bond is still in a range, closing near $121.
The US Dollar was little changed, closing around 78.30.

News:
U.S. Markets Hit With Sharp Declines on Earnings, Middle East Turmoil
U.S. Stocks Sell Off On Egypt And Ford, Amazon Earnings
Bond Fund Outflow Surged Last Month