the nasdaq was up 73. and the s&p 500 added 35 points. its fifth straight day of gains and its longest win streak of the year. all three of those major barometers are now out of so-called correction territory meaning they re now less than 10% off their most recent highs. one of the reasons for the blue chip surge was general electric. the widely held company found in many mutual funds and retirement plan offerings has a new big investor. triand fund manager run by the activist investor nelson peltz has accumulated a $2.5 billion stake in ge becoming one of the conglomerate s largest shareholders. the fund says ge shares are undervalued. and just look at the stock s performance over the past decade. shares of ge down about 20%. the s&p 500 has gained a little more than 60%. today shares of ge rose more than 5% on word of that trian stake. harry thompson has more on this big investment by a very big and influential investor. reporter: in a first for general electric the 1 123
of february of 2009. art cashin joins us as well. what is drooeg all this today? emerging market currencies, and right. so far the s&p stopped at about 2020, which is where it held wack on november 16th before it started a pretty significant rally. so we ll watch that. if we weaken again, if they violate that area, we could be in a little bit of trouble. we re looking at technicals here, but the markets are very nervous. the buyers are if not on strike, certainly on the sidelines. you had drawn 2040 earlier in the week as a line to be watched. this is decisively on the up side. yep. we went right through it, and you re building a series of lower highs and lower lows, so the technical aspect of the market is not very good at all. anything the fed is going to do that s going to surprise the market at this point aside from, i guess, not raising. the question traders have been asking all week is if the markets keep acting like this going in, what is the fed going
situation very closely. he will have to make the final decision on what to do next. but he did admit the french authorities did know ta these attacks, attacks like this were a possibility. we ll continue to update you as things progress. all right, hadley, thank you very much. we will continue to follow in this morning. obviously, this is a rapidly developing situation. michelle caruso cabrera is back at cnbc headquarters and following these developments as well. a little more we can add to hadley s reporting is we believe they are holed up in some kind of print works. that s what reuters is reporting that large building that we see there, it s not quite clear what that is. it is a small town of only 8,000 people, but it s an industrial down. one of the wires interviewed a plumber who lives several doors away from apparently where the situation is unfolding. he said this morning, he did not go to work because he heard gunfire and then the municipality has posted on their
crude oil does figure very prominently into the movements of our market. as you can see, wti down again. not a great deal but down again this morning. as for the ten-year note yield hovering around amazingly enough that 2% level. that is exactly where we find ourselves at weekend. the first full trading week of 2015. we are going to have more on the jobs report in a moment. our road map starts with continuing terror in paris. multiple hostage situations unfolding. we are going to bring you the latest details throughout the show. here at home the december jobs report comes in above forecast. we ll get the administration s reaction from labor secretary thomas perez. first on cnbc. nelson peltz launches a proxy fight for four board seats. jim and i both will have more on that impending battle. december jobs report shows nonfarm payrolls rose 252,000, above forecast that were around 240,000. unemployment rate down to a 6 1/2 year low. it is now 5.6%. some of the decline refle
121 points and s&p declined .5% and nasdaq advanced. lots of people rang the register after four sessions of positive action yet we still saw two huge winners emerge. starbucks up $5.48 and honeywell up $3. this matters. i m a gigantic believer that a ceo can determine how well the company does by leadership and execution. pete carroll from the seahawks and bill belichick can take their places where no one else has gone. that s what they have done. these two companies delivered superior quarters, such great quarters that you know to many other in their leagues, you have to sit back and marvel. i sure wouldn t want to compete against these guys. think of the coach when you consider buying or selling a stock, as you hear later when a call out a couple of suboptimal performers. let s talk about the game plan for next week starting with the microsoft. the new ceo, i like this guy, in a position to make more changes, more to the cloud and bring out the value of skype and xbox and