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To: Joe Sabatini who wrote (33657)	2/6/1998 8:45:00 AM
From: Carmine Cammarosano	Read Replies (1) \| Respond to of 61433

358K new jobs...strong...wage inflation as expected, 0.3%eom

To: Joe Sabatini who wrote (33657)	2/6/1998 8:49:00 AM
From: Jurgen	Read Replies (1) \| Respond to of 61433

It looks like the stock market has shrugged off a larger-than-expected January non-farm payrolls number. Index futures and bonds sold off quickly on the jobs report, which showed 358,000 new jobs in January, far more than the expected 233,000, but they quickly came back. At 8:35 a.m. EST, the S&P 500 futures are up 3.90, indicating a positive open for stocks. The 30-year Treasury bond is off 6/32 at 102 17/32, lifting the yield to 5.94%. The long bond was down half a point immediately following the report. (thestreet.com)