For Jan. 29, 2016, here's the top stock market news and stocks to watch based on today's market moves...
Dow Jones: 16,466.30; +396.66; +2.47%
S&P 500: 1,940.24; +46.88; +2.48%
Nasdaq: 4,613.95; +107.28; +2.38%
The Dow Jones Industrial Average today (Friday) gained more than 396 points following a surprise decision by the Bank of Japan to adopt a negative-interest-rate policy. The CBOE Volatility Index (VIX) - Wall Street's fear gauge - slipped 9.4%.
On the economic front, the Chicago PMI reached 55.6 this month. That figure beat economist expectations of 45.0 and December's reading of 42.9. Meanwhile, the U.S. Commerce Department's first estimate on Q4 GDP registered below economist expectations. The world's largest economy grew by 0.7% during the period. That's a sharp decline from the 2% growth in the third quarter.
Follow Money Morning on Facebook and Twitter.