alison kosik watching things at the new york stock exchange. good morning. good morning. you re seeing investors hit the sell button. what a week of great, strong gains here. the dow and s&p 500 both coming off record closes on thursday touching levels during the session that we ve never seen before. the dow is up nine in the past 11 trading days. with 27 record closes so far this year. disappointing earners are pushing investors to sell today. the expectation is that you ll see a big drag on the tech sector especially because of microsoft. microsoft shares down right now 10%. you ll definitely see microsoft as a dow component. drag the dow right down with it. carol? alison kosik, many thanks. a personal journey shared by million of american women. zoraida sambolin. her battle against breast cancer and the gut wrenching decision to improve her odds. wait till you see her, she looks fantastic. (girl) what does that say?
japanese company. their shares down 18% since january 7th. billions of dollars of odds for that plane. it goes away bad news for the dow component. as always, why are you up with us? shoot me an e-mail. waytooearly@msnbc.com. jump on board. we ll read the best responses on the show. still ahead we ll try to unravel the sports mystery the yeaof th says he was the victim of a hoax. we ll have more on that story next. jimmy kimmel infects hollywood with his late night comedy. we ll show you how people on the street react. we ll have that clip and a check of whether when way too early
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 alerte
it on the nose. i got it on the nose and that was luck. i knew roughly in the ballpark. let s talk about the markets. it looks we ll open a little higher this morning. same thing we been telling you for months now, it s all about europe and what s happening there. this is the eu summit. they made more progress than people anticipated overnight. they ve got an agreement where 23 of the 27 eurozone nations have signed off on this. addressing the concerns that germany had about trying to make sure people are sticking to their budgets and making sure there will be punishment if they don t stick to those budgets. all use the euro have greated to this. and that s why we saw the futures higher straight out of the gate today. it looked like we were going to open with the dow up about a hundred points. but we have seen that taper off a bit in the course of the morning. an hour ago we heard from dupont. this is a dow component, the
the lowest we have been is 385 points. we have to peep a close eye on bank of america today. it s down over 16% right now. it s a dow component, the number one looser on the dow. aig suing bank of america today in a $10 billion suit alleging massive fraud for mortgages. so many of the bank stocks are hitting 52 heuf week grows. morgan sacks, citigroup. morgan stanley just to name a few. gold right now 1713 a troy ounce. jf morgan is looking at $2,500 a troy ounce by year-end. so we ve seen gold moving higher and that s been the one area that s been soaring. the safe-haven you could say along with treasuries. no one really knows exactly where to put their money so they are running over to quit erring gold. oil is pulling back on the thoughts of a week economy and we see oil at $83.