More on hopes for more stimulus measures in the euro zone and encouraging data here at home about jobs. Just one day ahead of the december jobs report from the labor department. So heres how the markets looked at the closing bell. The dow surging 323 points today with all 30 dow components making gains. The nasdaq gained 85 and the s p up by 36 points with all ten sectors ending higher. More on the good news about jobs. Labor department reporting first time jobless claims fell by 4,000 last kweek. Now cover near 13 year lows. Even though there were nearly 30,000 planned corporate payoffs in december, the Outplacement Firm Challenger Gray and christmas, overall, 2014 had the fewest number of announced job cuts since 1997. Well the december unemployment report is due out tomorrow and expected to be strong. According to dow jones, economists expect to see job gains of about 240,000 and the Unemployment Rate forecasted to fall to 5. 7 . Stewart hawkman joining us now for a preview and more
Willing to do it now, theyll be willing to do it later. Well have much more on johns interview in a moment. Later that evening president obama actually met with congressional leaders at the white house. But they are still no closer to a solution. The president reiterated one more time tonight that he will not negotiate. Weve got divided government. Democrats control the white house and the senate. Republicans control the house. We sent four different proposals over to our democrat colleagues in the senate. They rejected all of them. Weve asked them in a conference to sit down and try to resolve our differences, they dont want to they will not negotiate. I thought that they were concerned about the longterm Fiscal Affairs of this country, and we said, we are too, lets talk about it. My friend, john boehner, i repeat, cannot take yes or an answer. President obama is expected to speak on the shutdown today at 10 30 a. M. Eastern time and cnbc will be taking those comments live. Harry reid
Obviously we were higher than that, not much more but were higher earlier in the day. The nasdaq up by only eight points and the s p finishing up by just a trickle of positive. Well, ticktock. The market is closed. Seems to be waiting once again for some clear signal on whats going to happen with regards to the fiscal cliff. How can you make money in the final trading sessions of the year amongst all this uncertainty . We have definite answers coming with our panel. Back with us Nathan Bachrach from the financial network. Also matt mccormick, sandy lincoln, and john spolinsani. What do we do between now and the end of the year . We wait. You hope there will be a resolution with the fiscal cliff. Also 2013 could be a difficult year. Its the first year of the president ial term which is usually a weak un. Earnings growth looks a little bit weaker. We are very big on di dends. We believe this is a grinded out market. Prepare for instability. So its glass half empty for you right now. Wed
Congressmen start cracking, breaking with the white house . Change their minds, go against obama care. Sue is down at the nyse. Hi. Hi. We begin with breaking news, but not here at the nyse. At the nasdaq. Seema moody is there with the latest on trading glitches and halts earlier today. Whats the latest . Sue, the nasdaq indexes have resumed trading after an unusual halt where the nasdaq composite, the nasdaq 100 among other nasdaq specific indexes were not updating. Stocks on these indexes were not impacted. The nasdaq says it was an issue with its Global Index Data Service 2. 0. Apparently this feed experienced a brief disruption of service, but since then, has recovered. The nasdaq says it continues to investigate the issue. Again, no Equity Exchange operations have been impacted but this is still something that traders are watching, especially in the options market. Sue thats the latest. Seema, thank you very much. We turn to obama care now because it is taking center stage on capi
The end of july. Facebook shares falling nearly 4 . Although you can see the last pick on that was up by about 0. 25 . This came after the Company Raised after the companys shares have risen 36 yeartodate. Technology was the worst performing top sector. Futures at this hour look like they at least at this point look like theyre going to be indicate indicated down slightly. Dow futures down by about 16 points below fair value. Well be talking more about the markets in just a few minutes. In the next hour, well be talking with Jeremy Siegel, making the case for why he thinks people should be staying invested. Andrew, over to you. Thank you, becky. One of the rationalezations for the selloff in tech is some investors are selling Top Performing tech names to make room for alibaba. Jim cramer has made this comment. The ecommerce giant, of course, set to go public this week, boosting the price range now on its ipo to 66. From 66 to 68. Somewhere in between there amid strong demand. 88 of ame