two weeks ago partly due to optimism that a fiscal cliff deal can and maybe will get done. the opening bell is just ringing. so let's get the market rundown, cnbc's becky quick is here with it. good morning, becky. >> reporter: hey, good morning, chris. you're right. we did see a very strong day for the markets yesterday. the dow was up by over 200 points. we will continue with some of that optimism today until we got the news from hewlett-packard. this is shattering news. hewlett-packard is a huge company, a dow component, and it came out this morning and said that it had been looking into autonomy, a company it bought last year, and it now says it's going to be taking an $8.8 billion write-down, $5 billion to what it is calling serious accounting improprieties. anyone looking at this says fraud. that when they were sold, the company was significantly overvalued because of accounting fraud that took place all the way through the company. they are digging into that now. they have alerted the securities exchange commission. that stock looked like it would be trading down by 10% today.