tech stocks make up about half of the nasdaq 100. certainly a suggestion we could see more and more gains ahead for the index. also, keep in mind, barclays, ubs, goldman sachs, the list goes on and on of the strategist bullish on the sector. a lot of the story has to do with their big cash ball lapses, low evaluations and big dividends the tech companies are starting to pay. one thing to keep in mind the consumer discretionary names part of this nasdaq rally also. keep in mind a company like whole foods has been up over 1,000% over the past five years and that's a sector that some strategists feeling not necessarily so good about as we head into 2014, adam parker at morgan stanley, in fact, is underweight the consumer discretionary sector in 2014. what does it mean? tech could be a good outperformer in 2013, bodes well for the nasdaq 100. keep in mind not all nasdaq stocks are created equal. scott kessler at capital iq tells me you want to know what you're buying as you head into the new year, particularly if the fed isn't behind your

american airline relaunches itself on the nasdaq. it has a new ticker symbol. what it means for passengers and shareholders. is the time right for luxury i items?-- guess tonight to mystery guest. will my producers stump me? only time will tell. of individualook companies making headlines, let's go to sue keenan. >> shares a twitter jet ix percent, the most since their initial public offering -- 12%, the most since an initial public offering. cisco shares rose more than 10%. this is the largest food distributor in eight years in north america and expense to include dessert. airline, they began trading under nasdaq. on fleshing out the reservation system. i am sure we are going to hear more on that from you. >> thank you. what this means for the industries and for passengers. by an independent aviation analyst. harry is a travel analyst. we want to start with you. the combination of american airlines and us airways. what kind of carrier does it make? >> it makes airline possible for you to get more single airline anywhere to anywhere flights bs and threeaced hug

. >> the bursting of the nasdaq. lot of people think the stock market, the interesting thing with the nasdaq closed by two things. the fed was raising rates somewhat. we didn't have historic tapering in all that. we had the implosion of all the prices of the nasdaq related tech stocks because they were overvalued and turned out to be worthless and the anaststs who promoted those turned out to be completely wrong and people they promoted them through, not any reporters at this network turned out to be wrong as well. that is the combination but there was an interest rate play, the fed find here and you would think duncan would cash out of the stock exchange, pretty much in line. liz: duncan has done a great job except for the dunes he has on the floor who hate fox business. >> here is what i have been told. duncan neiderauer was the number 2 when john boehner took over the stock exchange, then they did the ipo, and duncan became the ceo and shepherded the exchange, when he saw the writing on the wall, the core business

the better gainer percentagewise today is the nasdaq once again. 's come back off that high. the dow was up 0.85. 28-point gain there. still back above the 4,000 level. two stocks to highlight, twitter. dan niles, who nailed the facebook trade back when, is now saying -- he told us on "fast money halftime report" today said he's short twitter and that took the wind out of the sails of twitter today. it got to $60 about the time the market opened this morning. when dan came on the air, he was saying he was short and the stock is down 4% today. very quickly, one more herbalife. it was halted up. saw it here live on cnbc with carl icahn, when the company announced pricewaterhouse coopers, their new auditor, has completed the reauditing of the last three fiscal years, it's signed off and the stock is up almost 10% as we head toward the close. we'll have more on that coming up. it's greek day at the new york stock exchange. that's why we invited peter costa but we're mistaken. you're italian. >> my daughter is about as close as i've gotten to greece. she

the nasdaq 100 captures the largest 100 nonfinancial stocks and serves as a basis for the nasdaq 100 as the qqqs. it relies on a market cap. stocks are added and deleted once be a year. now this year five companies are going in and five are going out. the additions include dish network, lumina, nxp semiconductor, trip advisor and tractor supply. trip advisor is thriving on an increase in travel with 260 million unique monthly visitors. tractor supply has been a hot name. the retailer was recently tauted by cnbc's jim cramer and has been a top add. the stocks leading the nasdaq 100 this year, fossil microchip technology, nuance communications, sears holding and dense buy. eddie lampert's efforts to restructure the company has been disappointing. the only real value of the stock is the real estate. nuance could draw fire from carl icahn over its removal from the index. just last week the speech recognition software had disappointing fourth quarter results. for people who don't want to invest in individual stocks, the nasdaq 100 through the qqq's offers through the tech sectors that tra

it's the last friday of 2013 and typically fridays are good for the nasdaq. 2 fridays in a row we have seen gains, but today we are breaking that streak, both the nasdaq 100 and composite down about a third of a percent but look for the week we are still higher, higher by about 1%. now one of the reasons we are seeing some pressure on the nasdaq has to do with big cap techs like amazon and apple, both taking a breather putting a little bit of pressure on the nasdaq. also got to talk about social media. the big twitter downgrade having the halo effect on names like facebook, linkedin and groupon. finally want to talk about tesla. all this talk about is it going to be bought out, a good buyout candidate? market doesn't seem to think so today. that stock is one of the biggest losers on the nasdaq. >> sheila, thank you very much. all that time that people spend playing fantasy sports big business. $1.2 billion this year to be precise according to ibus world. new game in town. julia boorstin has it live in l.a. >> tyler, for those who don't want to wait until the e

for the nasdaq all week. grade today, some positive earnings this week, also positive industry data. biotech continuing to be an outperformer, celgene hitting new 52-week highs. we saw the momentum names today not participating in the rally. tesla, facebook, a lot of those names didn't participate. and how about apple, the one stock you think that would help lift the market actually in the red today. that was a little surprising twist of things at the nasdaq. >> i want to come back to that in a second. bob, first to you, what were the big movers at the cm snechlt. >> there weren't a lot of big movers other than s&p futures. what bob said, muted reaction of the treasury market. the treasury market is shrugging off the data because they're expecting the tapering gt. they think the federal reserve has tapering schedule set some time next year. we simply don't have the engine in the economy for the data to overperform consistently. however, today's number actually was that. >> bob, some people have argued expost f

the dow and s&p and nasdaq -- the dow and s&p all-time highs, the nasdaq a 13-year record. here's where we stand right now. what does great 2013 spell for 2014? there you see the industrials up nearly 82 points. the s&p up 10 and nasdaq up 38. so what the heck? that's what we're calling it with the ten-year near 3%. rates rising in china. how can we hit record after record? it usually doesn't work that way. this time, maybe as the saying goes it will be different. sue is out, joined by michele at the new york stock exchange. >> hey there, tyler. the dow up today, you said it a second ago. take a look at the returns for the year so far. 25%. the spy, the etf that tracks the s&p 500, if you put $100,000 at the start of the year you would be up by roughly $28,000. the triple qs track the nasdaq 100 up 33% year to date. bob pisani is here on the floor. >> if you put $100,000 in the s&p at the start of the year i would be impressed and hang out with you for a while. last week with the big rally it would cut into the santa claus rally. it starts tomorrow. good for 2% return on the

common stock to be listed and traded on the nasdaq global select market under the symbol "a-a-l." preferred stock will be listed and traded under "a-a-l-c-p."the 17-billion dollar merger creates the world's largest carrier.a group of consumers tried to block the deal, saying that it would lead to more crowded planes and higher prices. traders will be watching for key manufacturing data out today. the ism index may move the market, after the chicago pmi -- which tracks the national number -- dipped slightly in november after an october that was the strongest month on record since 20-11. the chicago pmi stands at 63, above analysts expectations of 59. any number above 50 signals expansion. and alyce andres franz of m-n-i believes the stats say businesses are upbeat. "i think that people are gearing up but not being overly optimstic. i will tell you though that my conversations with purchasers have shifted a bit. they are not focusing as much on the bad stuff like taxes, regulations, healthcare costs rising, but they are focusing on how they can get business done. and how they can wo

for the year, the nasdaq is up 37%. 28% for the s&p. 25% for the dow. best numbers for a couple of those markets in about 16 years. >>> also running and flying higher, the airline sector. so what will it do in 2014? that sector. year to date, the airline index is up. look at that. 57%. will it continue? and see what the top minds in venture capital see for the new year ahead, and find out whether they have spotted trends that could be right for your portfolio. >>> sue is taking a couple extra days for the holidays. happy to have sara eisen with us. >> good to see you, tyler. doobie brothers and i'll get to all that in a moment. first we'll start with the big oops from u.p.s. the shipping problems will forever be remembered as the grinch that stole christmas 2013. over the past few weeks, executives had promised that they were going to be ready for the big holiday season. u.p.s. ceo kirk coon back on december 2nd. >> we continue to be efficient and routing on the ground so we can meet increased demand. >> that was then. diana olick has the now. she's in

the nasdaq is still off. clutching that 4,000 level. the s&p 500 has shed 15 points and got below 1790 as we speak. >> maryann bartels from merrill lynch, adam thurgood and done shriver from wbmi funds. what do we make of what's gone on in the markets the last couple of days? made a lot of money this year, we're exiting a little bit before the end of the year? >> you may be seeing hedge funds, we're certainly seeing hedge funds take some money off the table. if you look at short positions in the dow, in the diamonds and the sem conductor etf, there's very big short positions. so those are being used as hedges. obviously the market's been overbought. there's a lot of concern about tapering, but really when you look at the markets from the longer term perspective, the fundamentals, all the technical, it does argue we'll see higher highs in the market. >> you think without the fed markets here are 25% to 50% lower. are you serious? >> oh, yeah, because the correlation between fed action and their balance sheet and equity prices is at 0.93 r

the party may not be over at the nasdaq. &p and the dow, a good year tends to be followed by another good year here at the nasdaq. here's the thing, it performs better at the s&p and the dow. if you think overall the equities will go higher, the nasdaq may not be a bad bet. keep in mind, technology, biotech, two of the major sectors that have run up big this year, the main reasons we've seen such big nasdaq gains, people are bullish on strategists. overwhelmingly bullish in 2014. several biotech analysts think despite the 65% run that we have seen in the sector this year, there is still more room ahead. remember, baby boomers are getting older. they need more drugs. they want to use more drugs. companies are executing. >> wow. hey, dom, quick question. are we talking about price appreciation or total return? >> this is interesting here. this is price appreciation. >> wow. >> if you factor in total returns, that's even more. that's even better. with a lot of stocks, especially in the dow, especially for a bulk of the s&p 500,

the nasdaq is down a bit more. twitter is waiting on the nasdaq. nasdaq is trading at a 13-year high. 36, 37% so far this year. pretty good. tune into the treasuries and we're seeing a little bit of action on treasury yields. that -- -- look at treasury 10-year yield hitting 3.0 two percent. that is the highest level since september 2011. the second time yields rose above three percent in september. we are also watching crude for you. crude is crossing above $100 earlier today for the first time in at 2 months. lowestpplies fell to the levels since september. finally, we are watching con, rising to nearly three-month high as inventories fell to the lowest since mid-october. u.s. government cut its crop estimates, predicting the u.s. harvest would be down about 25% from last year. that is it for "on the markets. " we will be back with more "money moves" after the break. ♪ >> this is "money moves," where we focus on innovative alternative investments. i am deirdre bolton. a story we're following for you, the manufacturer of the cessna aircraft eying

we're looking mixed as far as the dow, the nasdaq and the s&p 500 are concerned. the dow hit another record high in yesterday's trading session. it was up for the sixth straight session and hitting record highs on a nominal basis for the sixth day in a row, as well. the s&p 500 also ending at another record high. the dow up about 0.75% and the s&p 500 rising around 0.5%. remember, jobless claims falling by more than expected yesterday at a one-month low. we have a rally in retail related stocks after we got a data about the retail shopping season. that was better than speexpecte. i want to show you how european markets are doing this morning. they are back online after they were closed for the christmas holiday for about two or three days each. the xetra dax, hitting another record high, up around 0.8%. so this year-end christmas rally certainly continuing. in corporate related news, daimler saying its truck business will top last year's sales numbers. the cac 40 and the ftse mib also seeing some nice gains, around 0.9% for the french market. in terms of the asian

dominating the entire nasdaq. they're a much smaller component, so you could have this mini bubble in social media, but it's not as concerning for the broad market, i think, yet. lori: okay. back to the broad market. are there, you know, when you look at valuations, people have told us, strategists, time and time again that the pe, that the valuation of the s&p is still historically low. do you agree? >> i mean, i'm a technical analyst, so i don't get too much into the fundamental side, so what i will say is, you know, as you mentioned the s&p and a lot of the indexes are at these all-time highs. outside of the nasdaq -- lori: you won't go out on a limb and give me a 1900 s&p -- >> my near term is around 1875, and that's based on if you extend the trend lines off 2000 and 2007 peaks, that gets it to about 1875. lori: all right. you're not a fundamental guy, yet you do like some specific sectors because of their price levels. construction materials names interest you right now. why? >> yeah. i think a lot of these n

the latest enskription. let's talk about that nasdaq. u're seeing american airlines, this will be the largest airline in america now that u.s. airways has been folded in. it's all official so the nasdaq traveling out to miami for that. then you've got the nasdaq at its highest level in 13 years. all that good unemployment data pushing the markets higher. >> see if it holds. >> maybe sing ""happy days" are here again." >> let's go to chase cain live at a facility in san jose where the holiday crunch is under way. chase. >> reporter: it's on. this is they say one of the maybe two or three busiest days of the entire year. randy is with fedex is joining me. for the procrastinator what is is the absolute deadline they have to ship? >> monday, december 23. you get -- you can ship the package on that day and we'll get it there the next day on tuesday. right before christmas. >> probably going to be expensive f. they want to save a few dollar what is is the earlier deadline? >> december 17, if you wanted to ship to the our ground network that wou

the nasdaq is just above fair value. the s&p 500 is about 1.5 points below.wn .75%. the xetra dax came back from its all-time high. the ftse is up 1.5%. here's the thing, george and jason, the dow up 22% this year, the s&p up 26 e the nasdaq up 34%. it's been an exceptional year, right? so the question is is next year -- what on earth is going to drive gains with this big rerating this year? >> it's growth more than monetary conditions now. so we had one policy setting, it was the rating, the valuation. secondly, we have some improvement in growth. we started the year with the fisc fiscal cliff. what the markets want to see is better growth. i think that's a good chance why growth will be slightly better. one bit is in the u.s., fiscal drag. obviously the housing, we don't expect to grow it potentially double digits. >> you might not have the same amount spent on autos. >> consumption is a very big point. you make a very big difference in the fiscal drag in the u.s. on the positive side. as i already said in the eurozone in the u.k., we see the domestic consu

as for the nasdaq, the comp is up about 2 points hanging in there around 4,000. look at the nasdaq composite, up by one-third. so if you put your money in, you'd be one h-third richer tod than you were on january 2nd. take a look at this. this is key for us today. it's the s&p dividend index. a look at the year to date there, up 25% or thereabouts. the ten-year bond now at 2.85%. seema mody is here to tell us the dividend stock selector and how to compete. >> that's right, tyler. the dividend play may not be as hot now that investors can get a 2.85% return on the ten-year treasury. they may look for stocks that offer an even higher yield. now, about one-third of companies on the s&p 500 offer a dividend yield that is higher than 2.85%. the yield on the ten-year. but we wanted to dig a little deeper to find out which of those companies is also attractively priced, meaning with the stock price that has lagged the market and the company is trading at an attractive valuation. names that made that list include tech players intel with a yield of 3.3% and cisco with 3.2

the nasdaq. and caesars entertainment is ceasing the moment there, with the confetti and the suits and the colorful outfits on the women. it is tuesday. i was going to say, tuesday, december 17th. this is "today in the bay." laura. >> just another day in wall street. >> from nbc bay area, this is "today in the bay." >> just looking at the live shot there. >> exactly. stretching them out. >> good morning, i'm terry mcsweeney. >> i'm laura garcia-cannon. an update on the breaking news out of redwood city this morning, where a pile of appliances exploded, parking a fire. we're on seaport boulevard along the bay. a live look at the scene now, where the 25-foot-high pile of appliances has been burning for more than five hours now. right now, there is no shelter in place, but authorities say it's a good idea to stay inside if you can and keep your windows closed. this is the second fire at the plant in just five weeks. "today in the bay's" chase cain gathering new details at the scene now, will join us

>> another record high for the s&p and a dow, and a 14 year high for the nasdaq. eless, getting a lift. a couple of different factors. first, you have the imf saying it is going to raise its forecast. it was not specific. forecast ofy had a 2.6% gdp growth next year, and we did have christine lagarde saying over the weekend that she was even more optimistic in part because of the progress made in washington in terms of budget talks. also helping matters, apple officially inking the deal with china mobile. the best-performing of the three major averages, and then finally we are heading into the santa claus rally, which is the last week or so of the year. of other markets, let's take a look at the dollar. it is dropping against most of the major currencies today, so that is the flip side of the dollar falling after having quite a rally. ame profit taking, and take look at natural gas. as we all know in new york, it is warmer than it has been regularly. isthe flip side, there colder weather in the forecast, and you can see a bit of a recovery. gainssdaq is holding ont

that is pushing the s&p, the dow and the nasdaq higher. the nasdaq up better than 1%.l stocks to look at, oracle and responses. oracle agreed to buy the software maker for $28 a share. oracle expects to be able to close in the first half of next year. larry ellison has spent $50 billion to acquire about 100 companies over the past decade. also in software, let's take a look at red hat. those shares up 18% today after it raised its full year profit and sales forecast. so things are good in software land if you are looking at these particular stocks today. we will have more on the markets in 30 minutes, and you'll get more "lunch money" next. ♪ >> this is "lunch money" on bloomberg television. we are streaming live onberg.com, your tablet and your smartphone. i am adam johnson. today's moving pictures where he video is the story. -- is a h is a freeman free man after being picarded by luke putkonen. 80 people were injured when part of the ceiling of the apollo theater collapsed. the 112-year-old theater is in london's west end. dennis rom is holding try-outs in north kor

american airlines listed on the new york stock exchange long before nasdaq existed. nt of reviewing that lifting and having them come to us based upon the outcome of that review is very gratifying. we are honored to have them listed. >> a lot of marquee names looking to go public, chrysler, ali baba, hilton. a lot of coverage about how some of these companies may be leaning towards the new york stock exchange. what would you say to a company that is on the fence about where to list? >> i would say, talk to american and kraft about their experiences. talk to the 121 companies that chose us this year more than have chosen our competitors. think about what are the long-term benefits of being listed with your exchange, what are the partnerships we can create between our two companies. one of our key acquisitions this year was thomson reuters, rrpr and multimedia businesses. those are services we are able to provide. we think they are very valuable. we are excited to be able to talk to prospective companies about coming to the nasdaq. >> finally, bob, for all the success y

the nasdaq, by the way, almost 17% from its record high. record high that we thought for a long time would never be reached again. less than 20% away. >> oh, wow. of course i think we hit that in march of 2000 if i'm correct. that's amazing. what are we up 26% on the dow in. >> plus dividends. it's not a relay -- many people are going to be focused on that 10-year yield now. we almost reached 3%. i guess it was earlier this week. and we will see what that holds for the new year. >> they're almost there in 3%. but in holiday-thin markets, if you get gentle selling, you can have more bang for your buck on the yield. we should bear that in mind if we get to 3%. >> consumer spending the best since june. durables up 3.5, the revision to gdp, the jobs number that was gone. and then with -- two weeks from tomorrow we get the jobs number. this claim number may make you feel a little bit better. >> except this time year the seasonal adjustmentes they make, it not as solid as it may be. don't forget that saturday 1.3 million people on long-term emplo

the nasdaq ending the day at its

the s&p 500 adding just about a point, the nasdaq is barely above the 4,000 mark. a lot will come down. given the redemption numbers we've been hearing, a lot will come down to what we here in the next session. >> this would be you. >> all right. have you heard many -- you've heard many warnings about bitcoins. an alarm bell is being sounded about the digital currency. a cashless society, get this, will jeopardize our freedom. will the government really track everything you buy right down to a pack of gum? that's his concern. his argument to lay out why he's very worried. >> what's interesting is he runs a bank. >> might have a stake in the game. >> that's very interesting. if you google the term "world takeover," you might come up with two words -- amazon and google. amazon is expanding even more, looking to take some of costco's market share and new plans from google indicate that, if we didn't know it already, that company is much more than just a search engine. could two companies wield too much power? and what do these plans mean for their stocks? we'll look a

right now i think some of these growth stocks, the nasdaq 100 you can light up on. e out and put the brakes on slightly but the gas on the economy, by taking away the interest rate they're paying on excess reserves. what will that do? that will create inflation. it can cause inflation for the last couple years. they need a way to cause inflation. be long gold, short these treasuries where we want to be. >> so you think -- >> you're the opposite of what iuroio says. jim says get short gold. talk me through that one, guys. >> that's how we make a trade. i think at the end of the day we realize that the bank of japan and the e kcb are still hitting the gas and we are in some form of taking our foot off the gas, but in comparison to them we're going to see tighter. >> i'm going to disagree on the short-term view of gold due to the fact that gold is oversold. in the event we see the fed make some type of suggestion they want to find inflation and produce inflation, gold will be off to the races, short on the run. therefore, jimmy will be the receiving end of that bull in

the nasdaq 100 is getting rebalanced. l since june. the risk-on mentality here on in full force. take a look at momentum sectors. biotech having a great day. up nearly 2%. companies like reagain ron. momentum stocks we love to talk about, baidu netflix. amazon crossing the $400 and google over $1100 a share. a manufacturing company, fastenal, downgrading fourth quarter. i want to end on a surprising winner at the nasdaq, and that's blackberry. shooting up over 13%. here's a company that actually reported a wider than expected loss, has definitely had a lot of issues competitively keeping up with the smartphone wars. at end of the day, the company said, look we have more cash than we expected. we have a new manufacturing deal with fox com and john chen having comments. >> khloe close up 15%. early other "squawk on the street" jon fortt sat down with interim blackberry ceo john chen. >> in the past couple of years, the issue that the enterprise customer has with us is a clear direction and financial stability. i think i coul

the nasdaq is up just under six points. ers in the market, adobe systems, autodesk and leidos holdings. so it's bean wild week but maybe we'll go out on the plus side today. >> thanks very much. congratulations to them, a lovely wine shop. it's in my town. >> looks like it. >> we'll take you, there sue. >> "street signs" begins right now. >>> where should you put your money next year? a guy who has been more right than most is here with his outlook and advice you can't afford the miss. hi, everybody and happy friday. also ahead, watch out costco, amazon is coming right at you with a new business. netflix discovering something about us that's probably a reason why their stock has been on fire and one of the world's greatest chefs is here with how to build a brand, run a restaurant and how he's helping to fight hunger in new .

the dow, nasdaq and s&p all posting gains one quarter of 1%. watch the s&p 500 at the near all-time highs a quarter of a percent. dow jones industrials up 11. and this after what we saw last week where we sold off a little bit after nine weeks, so that was a big deal to break that trend. watch a mcdonald's coming out with the same store sales numbers and it turns out in europe, japan u.s. had weakness. some names of the same sort of realm when you look at mcdonald's, wendy's, burger king underperform some of those names but there is chipotle and yum brands. connell: here we go again, fun times in d.c. with a week left before the house leaves for the rest of the year the clock is ticking for congress to reach a deal over the budget. dagen: rich edson with the latest on this. rich: it is working that direction, try to find a way to set government spending levels for the next couple of years to avoid a government shutdown over the next couple of years. but now they're still figuring out the top line numbers. it would be a two-year agreement if this

the nasdaq jumped 46 and the s&p surged almost 30 points. over in the bond market, prices on the ten-year treasury fell and yields rose to 2.89%. >>> we have two reports on the fed's big decision, the massive record setting reaction in the stock market. bob has that story but we begin with steve liesman on what the fed did, why and what the chairman said about it in the last press conference as central bank chief. >>> out going federal reserve chairman ben bernanke, a historic move engineering the 10 billion-dollar reduction with the purchase of assets by the federal reserve to take effect next month. it is the last press conference for federal reserve chairman ben bernanke in the second to last meting and when he explained why the fed felt comfortable reducing it. >> progress towards the economic objectives will be sustained. if the incoming data supports the committee's outlook, we'll likely reduce the pace of securities purchases in further measured steps at future meetings. >> reporter: bernanke suggested the fed would reduce the monthly

today, the blue chip stocks jumped, the nasdaq up 44, a more than 1% spike and the s&p 500 added nine. >>> our guests say there are risks for investors in the new year in 2014, but he is still bullish for the coming year. russ, nice to have you back on the program. i don't know about you, but someone says i have good news and bad news. i want to hear the bad news first. so let's start with the risk, what is the biggest risk and should investors get ready for a correction? >> well, i think there are a couple of risks for next year, first let me say stocks can and will go higher in 2014. but there are a couple of things to watch, the first of which are interest rates. the lastÑi few months, the mark has reacted very well to the tapering, the fact that we've we gun the tapering. that is like ly to continue. that is the first thing to watch. the second is the strength of the recovery, we expect that the u.s. will grow faster in 2014. but there is one soft spot which i would watch, which are earnings. pardon me, actually earnings for individual wages rather than companies, the job market i

the nasdaq 46, and the s&p 30.gold dropped $13 dollars oil was up small change.oracle surprised wall street by topping earnings expectations.the stock traded around $35 dollars after the close.and a 2 year compromise budget deal has been passed by congress and will be signed by president obama. there was even a consession on military penesions. daniel stecich of athena advisor services joins us now. daniel, a terrific relief rally yesterday. the market clearly feels better. do traders feel better now that they know that tapering is going to happen? >>that's right. and i think the market likes certainty. what was a surprise was when i was speaking to people yesterday about this, i thought the market might fall off a bit if there were a taper and it did. 60 seconds later it was up 12 points and then by the end of the day we were up 30. but the market does like certainty, the fed gave a little more direct statement as to what they do. no tightening until the unemployment rate goes down to 6.5%. so that's making them feel comfortable right now. >>now the question is, where does the marke

on the nasdaq composite, up 26 points, or about .7%. if you look at all of the sectors in the market, specifically for the large caps, every single one of the large cap sectors in the s&p 500 are flat or up over 1%. energy is leading wait higher thanks to exon mobile. that name is getting an upgreat at goldman. they like that stock along with refiners. exxon mobil on the move in the trade. >> a quick comment on xom? >> unstoppable. >> it has. you know, there was probably about six to nine months ago no one liked exon mobile. i like the fact that you do get the natural gas exposure with it. it continues to push higher. no reason not to own it. >> steph, what's the deal with this one? no respect for exxon mobil but all-time high. >> you have buffett in there, too, right? interesting in itself. this company's not able to grow production for several years and all of the cap x putting into the company, that's starting to ease, so that should help margins. >> tom barrack chairman and ceo of colony capital. joins us live on set now with his 201

for the first time in 13 years the nasdaq closed above 4,000. the small cup russell 2,000 setting a record on holiday shortened week and dow hit a new high of its own. they were mixed during a shortened friday session. the s&p 500 shiller home price index hosted the best annualized gain. >>> a sign that home construction could gain traction at the end of the year. both numbers helped by low interest rates and strengthening economy. all is fair in love and war and men's clothing. mens wearhouse offered to buy joseph a. bank, which was trying to take over mens wearhouse. joseph a. bank will evaluate the offer. >> will it be take december to remember for investors or will it be a real turkey? oh, yes the all important holiday shopping season is now under way. what does it mean to your money? joining us now is liz dunn and mike holland of holland and company. thanks for being here today. we have a lot of questions to goat through. mike, every time we turn around there's a new record being set by the major indexes, the nasdaq hitting back to the level

sheila's at the nasdaq with those first. over to you, sheila. >> hey, simon. we're talking about stocks already feeling a hangover and it's not even the new year celebration yet. hung over stocks. you know, this time of year is all about big new year's resolutions like weight loss but for weight watchers its stock slim down this year, 35% on weak enrollment trends and the rise in wearables. more and more are watching their weight with the new bands. biotech such a blockbuster year for the sector but a few notable losers. arena pharmaceuticals, a lot of skepticism about the obesity drug sectors and air riyadh pharmaceuticals down 65% after its leukemia drug pulled from the market. there is a big if, the drug was put on the market in the last month. we have seen the stock rebound 30% in the past 30 days. analysts say 2014 is all about whether this company can expand that market for the leukemia drug. finally want to throw in a tech name had p in here. makes components for apple's iphones. saw weakness and concerns about apple and small phone penetrati penetration

. >> live from the nasdaq markets, i'm sitting in for melissa lee. hello, everybody, thanks for joining us today. hello, gentlemen, great to see you once again. and, riddle me this. the market hit a one-month low today. why are stocks on fire? names like twitter, facebook and tesla. it's a huge week but the market sagged. we'll also hit twitter later on in the show. you know what, it feels like this was curious price action. >> it was. it wasn't even in small names. think about the market caps we named. tesla was the smallest one. face pook had stock specific news that will go into the index in a couple weeks, the twitter thing, you know, we'll talk about it, i think all of us are scratching our heads a little bit. don't know how you can gain $8 billion in market capital in a week with no real news. to me it speaks to maybe some chase for performance at the end of the year and the lead in the nasdaq and s&p, you saw some of these go berserk. >> do you think there's a squeeze going on. valuation, relatively high than what we thought it was going to be

the dow up 19, s&p down or up 4 and the nasdaq is up as well. da vitae, jc penney and my con three of the winners today. >> all right. sue, get home safely, see you when you get back. that will do it for "power lunch." >> "street signs" right now. >>> will the fed deliver a nasty surprise this christmas? the chances the dreaded taper could come as soon as next week and how to play it if it happens. happy monday, welcome to "street signs." as we welcome back in the globe trotting mandy drury to the set. >> thank you. >> that's it. that was golf clap. your other hot topics what may be the best piece of economic news nobody else is talking about. if bitcoin succeeds will these two companies get sacked and we begin, our year-end quest to find the worst ceos in america, let us know who your candidates arep. mandy. >> thank you very much. great to be here. so far today the s&p 500 has traded above the all-time closing high but not yet above the intraday high. while the nasdaq hit a fresh 13.25 year high early on, how is that for getting specific and th

the nasdaq gained 12 and the s&p also pushed its way up to a record at 18-42. gold gained 8 dollars, oil up 40 cents. a sinking feeling among investors of the empire state building...they've filed a lawsuit accusing a real estate team of ignoring cash offers worth billions to enrich themselves in an i-p-o, instead. president obama signs a bipartisan budget deal while vacationing in hawaii. it eases military cuts under the sequester, but pares down pension increases. it also combats sexual assault among troops. and gasbuddy-dot-com predicts gas prices will be temperate in 20-14 but may spike to just below four-dollars a gallon by spring let's get our day started with ben lichtenstein of traders audio good morning ben! >>good morning. >>new record highs in the market yesterday. what's all the fuss about? >>well, higher highs and higher lows for the most part. i think it's just a continuation of the pattern that we have been seeing in this holiday market. it's been kind of a thin trade but you have to give it to the bulls. again, conviction to the upside. basicall

adam: so the merger is finished and nasdaq sun with today's biggest winners. y formed, american airlines group is one of 18 major companies that jumped from the new york stock exchange to the nasdaq so far this year. we have the senior vice president of corporate client group at the nasdaq and we welcome you. so much of the story this year is about tech and tech ipos going, for instance, twitter to the new york stock exchange. lost in the shuffle you've been able to get companies to come your way. how did you do that? >> we have. it is a great opportunity every time companies come together like this to allow us chance to go in and talk about the nasdaq value proposition, strong value proposition that we have and we were so honored to have been the exchange of choice for american airlines today and it's a great day for nasdaq but an even better day for american airlines and we're so honored to have them part of our family. adam: not just american but you have companies with pretty big names. marriott international, first trust capital strength, vanguard natural

the nasdaq up some 37%. what's going to happen in 2014, michael? nk we're going to get more of the same. i think we'll put in another strong year here, but it's going to be different than we saw last year or in 2012. in those years, the markets were defined by multiples expanding amid the coming out of the shadows of that 2011 risk off. going forward, i think prices are going to range much faster than fundamentals will be able to keep up with them. but there's a reason for that, which is that really it's the largest asset reallocation probably known to man is happening right now of fixed income into equities. that's going to keep markets overextended for some time. it changes the nature and the sort of the feel of how these markets will trade next year. >> that's your point about flows. there's going to be this fundamental dynamic supported from flows. but what happens as the bernanke put fades? >> right. equities will range higher. but the volatility will increase the nature, as well. that's the volatility of a flow-driven market. you've just seen

seema mody has been tracking the nasdaq. what happened to the strength there?'ve come this year with the nasdaq up 30%, have you some traders taking money off the table. with that said the nasdaq is firmly above 4,000, trading in a narrow range today, old school tech names like microsoft western digital posting gains. a slightly defensive tone to the market. while we have microsoft up, the doj did approve microsoft's plan acquisition of nokia's devices and services business. now it's awaiting approval from the european union. in terms of what's leading the tech index lower it's been another tough day for social media stocks. goldman stocks downgrading groupon. we're seeing high volatility in what the market likes to call momentum player. we'll keep an eye out on those names as money managers enter a period of window dressing that takes place the last couple of weeks of the year to continue to watch those stocks. >> seema thanks. a goldman downgrade on names so social media is a place to watch. >> decline of 78 points, holding steady, with 12 minutes left in the

the nasdaq composite dropped 5 points. but the dow is still up 20% this year.2% higher. >>> in october, the mega millions lottery revamped the game in order to produce larger jackpots. it worked. tonight's drawing is worth an estimated $400 million. that's the second largest mega millions drawing ever, and the fifth largest jackpot of any kind in u.s. history. the lottery lowered the odds of winning by increasing the numbers played in the game. the current jackpot has rolled over 20 times without a winner. >>> and a double surprise from superstar beyonce. just before midnight she announced and released what she calls an exclusive visual album. it's her fifth self-titled cd. on it she collaborates with hubby jay-z and frank ocean. her final track features her daughter blue ivy and you can only buy it on itunes. >> blue ivy already getting into the family business. i'm sure it's going to be a hit. marlie hall at the new york stock exchange. thanks, marley. >>> in sports, the last thursday night game of the season played in chilly denver. the broncos and peyton ma

the nasdaq is up. looking at all 10 sectors positive this year. the discretionary sector up 40%, health care up nearly 40%, the less time they had been in the green was back in 2010 so really a broad-based year of gains. twitter stocks seeing green after two days of serious selling down 18% over the past two days getting back some of that momentum. twitter had been a volume leader on thursday, 3 million shares changed. a lot yesterday, so the momentum definitely picking up once again today. back to you. dagen: thank you, we will see you shortly. a majority of americans have a positive view of this year. a new fox news poll shows 51% of the voters feel 2013 was a good year for the families up from 42% who said the same thing last year. what to make of this and the new year. cohost of the independence errinairing on the fox business network at 9:00 p.m. business time. good to see you. the economy is not so bad, better than it was a year ago to the point people are not feeling better about their own situations. >> unemployment 7.8% a year ago today, n

and the nasdaq stock outperformed after lifting restrictions for these tech start-ups. do know the index is up about 80% so far this year. hong kong markets slipped to a four-week low due to weakness in financials. but that said, china asset management enjoyed a 26% jump in its $2.785 billion u.s. ipo. also the biggest float in japan and asia this year. already priced at the bottom of the range. elsewhere, the nikkei 225 lost 1.1% today, dragged lower by future selling while the dollar/yen pair was trading about 102.50 in asian trading. the kospi hit a three-month low, ending down by 0.5%. and australia's asx 200 extended a six-day losing streak, ending lower by 0.8%. >>> the u.s. budget deal was seen as paving the way for an early fed tapering. metals and gold miners tumbled in today's trade. australia's fortescue shares tumbled by 4.3% and bhp bill ton by 1.8%. ross. >> thanks for that, sixuan. have a good evening in singapore. >>> the u.s. house is expected to vote on the bipartisan two-year budget deal today. they're mostly falling in line behind the gop leadership.

thes that dak kp the nasdaq, the best for 13 years. you have to go back to 2000. this is all such a huge move for the stock market, and it's been driven like you said before by the consumer. the consumer discretionary stocks are among the best performing sen ining sectors. that means when you spend your hard-earned money, it drives our economy. >> the other trend we saw in year, all those stock buybacks. we were reporting at least one a week of a big company announcing a stock buyback. how important were they? >> you can't keep track. you can try. at the end of the third quarter, there were an estimated $346 billion with a "b" of stock buybacks. corporations have emerged as some of the biggest buyers of stock just in general in the entire market. now, it's not just about those dividends or buybacks. it's also about dividends as well. we had a record payout for dividends this year. and we're not even over yet. the year's not even over. about $310 billion has been paid out in dividends. that's huge. we're returning all kinds of cash to shareholders. >> companies dep

the nasdaq was up 6. and the s&p adde5 points. >>> over in the bond market, worries about whether the federal reserve would taper its stimulus and cause a sharp spike in interest rates has been a big headache for bond investors. just ahead of the fed's taper announcement last week, investors in mutual funds pulled more than $8 million out of bonds. that makes 12 beweeks in a row d the most in one week since august. >>> more now on that strong manufacturing data. orders for long-lasting durable goods rose a better than expected 3.5% in november. the commerce department said demand increased for a range of goods including commercial aircraft, machinery, computers and electronics. business investment and new manufacture goods saw its biggest jump since january. >>> well, that rising demand in manufactured goods especially for autos, aircraft and heavy machinery may have led to a comeback of sorts in steel. prices are higher and so are shares in some of the nation's biggest steelmakers. morgan brennan has more