Losses. Weve seen the nasdaq move into the green today and make record new highs that we have not seen in 13 years to the nasdaq. Dow and s p, though, pulling back, no highs today. There is certainly this negative tone to the market today. The dollars been flat, most of the names on the Dow Jones Industrials are lower theyd with a few exceptions, about 24 of the names are read while only six are green, so that is a lot of names pulling back today. I wanted to also look here at fossil. They make watches, accessories, due to report, analysts now citing some skepticism, barclays, for example, they are now predicting that theres going to be deaccelerating sales trends based on what they have been doing the checks and finding this out. We are seeing fossil to the downside. Back to you. Lori thank you for that. Commodities, gold fell, get this, fifth straight session now, longest slump since may. We are in the trading pits of the cme. Phil, gold, wow. It is hit today, lori. It has to do with
See some names on the move. For example, travelers best of the bunch. Delta airlines continues to do very well. We are seeing delta up three quarter of a percent. Verizon with a down arrow. However, giving their outlook on a Conference Call for 2013, they were certainly a winner. Johnson johnson, their fullyear numbers are not too hot. A couple of things to know is, in the latest quarter they did do well with therapy for hepatitis b, as well as, psoriasis. That is something you will have to watch. Lori thank you. Melissa big tech giants will report today after the bell. Sandra smith is here with what we can expect from ibm and google. Sandra lets take a look at the dow right now. Ibm will be the one to watch. Ibm has a big impact. There is about a 11 weighting. We will be looking for ipo earnings. You are probably not too pleased with this selloff. A lot of people looking for a turnaround plan for ibm. Ibm could really set the bar for what we expect right now. Expecting 5. 25 a share.
Melissa time for stocks ahead to the floor of the New York Stock Exchange with Nicole Petallides confidence hitting the post recession peak but traders are not buying it . Of its numbers result of the market moved higher the dow moving into the green but now was sells off continuing the trend. Were doing much of the same were under pressure with Dow Jones Industrial average but also of the nasdaq has some of perots. The confidence numbers of the highest levels since february 2008 also caseschiller shows the total order for durable goods is unchanged. We have a deal on wall street and some upgrades so there are bits and pieces and many are rushing to get ahead of the fiscal cliff. Lori with the potential tax increase with dividends companies to try to get a job and are paying dividends early before jittery first. Joined the is seen him from s p Capital Investment strategist. I know you just put out your outlook for the 12 month target . We are just about 1400 today. That is significant
Now washington is looking at the one sacred mortgage deduction, maybe get rid of it to help heal the budget crisis. Charlie gasparino on the future of the firm. Time for stocks as we do every 15 minutes, before the New York Stock Exchange, Nicole Petallides on the floor. A deal is possible by christmas. Hoping to get some positive comments from john boehner. He is optimistic. A nice little boost. From negative to positive to the session highs, no 50 points away from dow 13,000 once again. The dow once again up 73 points. You have a lot of winners. The banking index is still under some pressure, but retailers are really stealing the show. Many are doing well for a variety of reasons. Take a look at costco. The money theyre paying out to shareholders ahead of the fiscal cliff wall to get the dividend ahead of the higher tax rate, so costco joins many come over 100 companies that have done much of the same. Paying out dividends so you can pay less taxes. Melissa thank you so much. Lori so
The top earner today. We will hear from Business Leaders on how reform should be done. Lou dobbs weighs in. Melissa our very own Charlie Gasparino goes oneonone with municipal analyst. That should be very interesting. Lori lets get things started with the latest addition of stocks now. The 20 you see volatility here. The fix is to the downside today on a day where we are gaining triple digits, unlike yesterday where we love triple digits. The majority of the dow components are in the green. We have economic numbers showing expanding numbers in the u. S. Service. We will take a look at a longer term chart. Back to you. Lori thank you, as always. Melissa breaking news. The Budget Office releasing the latest numbers. What we can expect our deficit to be. Rich 845 billion for this year. This is the first time in five years. Lets take a look at the next ten years. Then it starts to climb up again. The aging of the population and Interest Payments begin hitting the budget even harder. All th