Stock Market Update - Fri Feb 02 09:00:01 UTC 2007

 [BRIEFING.COM] S&P futures vs fair value: +2.8. Nasdaq futures vs fair value: +7.0.  Futures continues to hold a positive tone as investors rally around more evidence that the U.S. economy remains on a good growth path. As evidenced by subsequent buying interest in bonds, January hourly earnings rising just 0.2%, coupled with a downward revision to the December increase of 0.5% to 0.4%, easing concerns about inflationary pressures from wage costs is the underlying driver that looks to extend the market's winning streak to four. It is also worth noting that Nasdaq 100 futures hold an even stronger upward bias following an analyst upgrade on the index's most influential component -- Microsoft (MSFT).   NYSE Adv/Dec NA/NA...Nasdaq Adv/Dec NA/NA