the s&p was up two and the nasdaq added 11. overseas trading this morning, in tokyo the and make the kay gained six points but in hong kong the hang seng fell 119. >>> growing worries about greece's financial future rattled investors for most of the day. eu officials stepped up contingency plans for a possible greece leaving the euro zone. germany is holding fast to demands that greece remain in the euro zone and uphold its bailout commitments. >>> after the bell, hewlett packard shot up on better than expected quarterly profits and sales. earlier hp dipped on news it's slashing 27,000 jobs to cut operating costs. >>> earlier investors punished dell sending shares down 17% after weak earnings. facebook actually rose 3% despite news of those shareholder losses we told you about earlier. the stock has tumbled 30% since friday's debut. >>> elsewhere utilities and health care stocks led the day's declines. walmart, however, bucked the downward trend to close at a new 12 years high. and petsmart surged 13% on strong earnings. >>> oil

the dow rose 65 points, the nasdaq added four, and the s&p up almost eight points. suzanne pratt looks at whether a wall street saying about may will prove true this year. >> reporter: today was a great start to what could be a rough stretch for u.s. stocks. still, nervousness about may persisted among professional investors on wall street. >> there is a certain amount of trepidation. first of all, everyone knows this is a weaker time seasonality-wise. there's the old saying, "sell in may and go away." >> reporter: investors may be particularly worried about this summer because you may remember may and june in the last two years was downright awful for the stock market. and there's plenty of historic data backing up that wall street adage-- sell in may and go away. since world war ii, may has returned an average of only a third of 1%. that compares to average gain of 0.67% for all months. sure, there are years when stocks shine in may. but some market pros say 2012 won't be one of them. >> this time around, i think that there still are an awful lot of headwinds that

the dow lost as much as 87 points before closing down 10 the nasdaq added nine. >>> new study by commonwealth fund finds the united states spends more per person than 12 other industrialized nations on health care. in 200 the u.s. spent $8,000 a year on medical services, about $3,000 more than the next two countries. the study also found that the extra spending doesn't necessarily translate into better health care. >>> news corp.'s board of directors is sticking with the boss. on wednesday the board said it has full confidence in rupert murdoch. the announcement comes a day after a panel of british lawmakers said murdoch is unfit to lead his media empire after last year's tabloid phone-hacking scandal. the ruling could force news corp. to sell its shares in satellite network british sky broadcasting. >>> amazon says it will start making its own television shows. the company plans to develop original series this year. consumers will be able to watch on its streaming service. amazon instant video. google, hulu and netflix are making plans to have original content. >>> target says it will stop s

the nasdaq adding four points to 3,050. the home of the oscar is getting a new maim.odak theater now cold the dolbe theater. kodiak filed for bankruptcy earlier this year. they are paying more than $4 million a year than kodak paid. laura, back over to you. >> very interesting. thanks so much, jackie. >> dolby theater. >> something to get used to. >> temperatures will start to dip after today. >> taking a little dip. not a steep dip. as we head throughout the next couple of days temperatures are going to drop off and a little bit more cloud cover and showers as well. we need the rain. not expecting much. lot of it actually going to come down when us early risers are already at home in the comfort of our roof. evening showers expected hers and into friday. that's the good news. most of the activity will subside before we hit friday morning. early morning commuters, that means you are beg to get dry, dry all week long. cool conditions today. area of low pressure came through. increased onshore flow. that means more coastal cloud cover to start you out this morning. we a

the nasdaq added 11. >>> taking a look at overseas trading. tokyo, the nikkei gained six points but in hong kong, the hang seng fell 119. >>> stocks finished mostly flat wednesday, but growing worries about greece's financial future rattled investors for most of the day. eu officials stepped up contingency plans for a possible greek exit from the eurozone currency. and while most backed the idea of issuing eurozone bonds to struggling economies, germany is holding fast to demands that greece remain in the eurozone and uphold its bailout commitments. >>> after the bell, hewlett-packard shot up on better than expected quarterly profits and sales. earlier, hp dipped on news it was slashing 27,000 jobs to cut operating costs. >>> earlier, investors punished dell sending shares down 17% after weak earnings. facebook actually rose 3%, despite news of those shareholder lawsuits we told you about earlier. the stock has tumbled 30% since friday's debut. >>>ux tilts and health care stocks led the day's declines. walmart bucked the downward trend to clos

for today's closing data with the dow rising s 35 points, the nasdaq added 68 despite heavy selling of facebook shares. the s&p 500 added 20. jim awad is managing director at zephyr management. is the spring swoon over for stocks? >> no, i don't think so. i think that the basic problems that drove the market down remain, which are the worries in europe, the possibility of an accident there, and a freezeup in the financial markets. the worry about how bad the slowdown will be in china, the worry about the fiscal cliff that we are going to face at the end of the year. and then of course the issue with the financial stocks with the j.p. morgan issue, they all are sti out there and i think the market will react to incoming news and data. but all of those could give you a surprise on the down side. >> tom: have we seen this before? in other words last spring, greece was in the headlines, italy was in the headlines, portugal. china was slowing down. we had the debt ceiling debate coming up in the summertime, and of course we had the housing slowdown continuing to put pressure on the financia

in terms of how the markets ended last night, the dow rose 135 points to close at 12,504, the nasdaq adding 68 to close at 2,847. in other news, drive-thrus aren't just for satisfying that big mac attack anymore. a new report from the mpd group says sales which slumped during the recession are growing up 3% last year and 2% in 2010. more than 12 billion consumers got their food from a drive-thru window last year. a 2% increase in traffic from 2010. now panera which opened its first drive-thru window in 2005 now plans to build them into 30% of the new locations. starbucks opened its first drive-thru in 1994, it now has 2,500 nationwide. >>> there's something new, -- unlike smokeless products, it doesn't contain tobacco, just nicotine extracted from tobacco. they hope it will allow them to market it with milder warning labels than those in cigarettes and smokeless tobacco. that's interesting news. back to you. >> thank you very much, seema. >> we check in with christina loren to find out what's happening outside. and is it going to be a good week? >> it's going to be a great week. mother natu

the nasdaq adding 68 to close at 2,847. with all that said and done about facebook losing more than 10%, the nasdaq still posting strong gains for the day. guys, back over to you. >> thank you very much. >>> coming up in a bit, laura, hewlett-packard and google may have layoffs ahead. we'll take a look at that coming up. >> thank you very much. >>> 5:16 right now. visiting the happiest place on earth about to get a little more expensive. the price of a single-day pass at disney jumped from $80 to $87 for age 10 and up. the biggest increase will hit people outside of southern california that buy year round pass with parking. that pass will skyrocket from $499 to $649. for southern california residents, season tickets are discounted and currently run $329. there's cinderella. >> the price of happy keeps going up. >> no kidding. >>> the one thing that is free out here, spectacular weather. christina loren here to tell us about another nice weekend. >> another nice week ahead. no need to travel this weekend or make any plans to

the new york tock exchange is pitching facebook to switch from nasdaq, which it has admitted it bungled last friday's sale. >>> sticking with the market, tokyo's nikkei average added seven points today. many hong kong's hang seng was down 74. in london the ftse opened lower. dow was off 7 yesterday and the nasdaq index gained 11. >>> southwest added flights to mexico and the caribbean thanks to its acquisition of an their last year and plans a new reservation system and an international terminal in houston. >>> well, the cost of driving is going up. but it's not because of gas prices. instead, tolls are increasing. a hike in federal fuel taxes is stalled in congress so states are raising tolls to pay for repairs and improvements. federal fuel taxes haven't gone up in almost two decades. >>> the biggest city yet getting ready to ban blast sick grocery bags. los angeles will begin phasing out those bags. clean water advocates say the bags clog landways and the social. we'll have to charge for paper bags. >>> ignore your e-mail can be good for you. researchers say people who are e-mail-free for days at a time have a much healthier heart rate than those who constantly

checking the numbers, the dow stands at 12,581 after adding 126 points that was a gain of about 1%. but only the dow's fifth up day this month. the nasdaq meantime added 33 points and the s&p 500 added 15 points. >>> rough time for one highly touted new stock. facebook closed below $30 for the first time since going public on may 18. shares of the social networking company are now down 23% since making their debut. that makes facebook one of the worst performing initial public stock offerings of the past decade. it has lost $25 billion in market value in less than two weeks. >>> consumers of a new line of computers to consider. the next generation chrome books have just been rolled out and google is hoping to build a business by selling a computer operating system that revolves around its popular chrome web browser. a new line of lightweight laptops built by samsung don't have a hard drive. they function like terminals dependent on an internet connection. the chrome books haven't made much of a dent in the market since they debuted a year ago. they basically operate like an ipad. there's 3g version, wi-fi version. not a lot of computing

the s&p added a fraction the nasdaq was up one. taking a look at other trading this morning, in tokyo the nikkei gained 62 points while in hong kong the hang seng was down 51. european the election results rattled global markets monday but by afternoon wall street investors were looking on the bright side. financial stocks got a boost from signs of a potential bailout from spain's troubled bank. pepsico added 1% on an analyst upgrade. on the earnings front higher beef and chicken prices helped tyson foods develop healthy increase in profits. frontier lost. after the bell electronic arts the nation's number two video game publisher report ad weak quarterly forecast. a san francisco jury decided google did infringe on some of oracle's copyrights when developing its android software. jurors could not agree whether google's actions were protected under fair use. yahoo!'s ceo apologized for a resume inaccuracy but won't bow to calls for his resignation. taxpayers could see a $15 billion return on the government's massive bailout of insu

the nasdaq dropped 34. in tokyo the nikkei added 22 but in hong kong the hang seng was down 29. >>> investors start the week with concerns about the new facebook stoxx and the debt crisis in greece. the leaders at the g-8 summit camp david in maryland strongly urged greece to stay in the eurozone and promised to do whatever is needed to solve the debt crisis. >>> this could be a crucial week for facebook after friday's ipo went as high as $45 but quickly faded to close at 23 cents above the $38 opening price. >>> the nasdaq market had problems with facebook trades and is now promising to revamp its technology systems for handling stock offerings. >>> and facebook founder mark zuckerberg changed his status to married. after a surprise wedding to his long time girlfriend who just graduated from medical school. >>> yahoo! says it will sell up to half of its stake in the chinese internet company alibaba and give most of its money to the shareholders. >>> gas prices fell another 6 cents over the last two weeks bringing the nation alg average to 3en.66 a gallon. >>> the markets in the u.s. appear to be rebounding

the dow opens at 12,529 after adding 33 points yesterday. the s and p up a point, the nasdaq down ten. >>> looking overseas trading this morning, in tokyo the nikkei added 17 points. while until hong kong the hang seng was up 47. >>> for the second straight day the dow and s&p bounced back from earlier losses in the final hour of trade. but a key weak report tripped up the nasdaq. the tech heavy index was weighed down by data storage company net app which sank 12% blamed on an uncertain global economy. investors welcomed news of cost cutting at hewlitt packard. jp morgan's hike on carriers sent u.s. airways soaring. internet radio site pan dora had big jumps in ad sales and subscriptions over last year. on the down side, tiffany and company tumbled 7% after slashing the 2012 outlook. >>> as protesters rallied outside amazon's annual shareholders meet he'll in seattle the online retailer told investors it planned to improve conditions at the warehouses after employees were reportedly forced to work in temperatures above 100 degrees last summer. >>> a federal judge says auto de

the nasdaq. >>> facebook shares are still down about $5 from their opening price. on wall street blue chips posted a gain for just the fourth time this month. the dow added 33 points while the nasdaq lost 10. >>> time is running out for lawmakers to keep a key student loan interest rate at current level. last night the senate defeated two measures, one backed by each party to extend the rate on stafford loans. without congressional action that rate will double in july. >>> one of the nation's oldest newspapers will stop its presses. the new york "times-picayune" will public onlane daily but new orleans will be the largest city in the u.s. without a daily newspaper. >>> a video game company owned by former star curt schilling has struck out. 38 studios laid off its entire 300-person staff on thursday. the company received a $75 million loan to move to rhode island in 2010. if the company goes under, rhode island could be responsible for some of its debt. >>> and if you work for ibm, you could have an iphone, but you can't use siri. the voice-activated system is banned on ibm systems. a company executive says because ibm has no control over how the questio

the s&p added a fraction. the nasdaq was up one. taking a look at oversees trading this morning. the hang seng was down 51. european election results rattled global markets monday. by the afternoon wall street investors were looking on the bright side. instead of fretting about the future of austerity reforms, they got signs for of hope for bailout. on the earnings front, higher beef and chicken prices helped tyson foods deliver a healthy increase in quarterly profits. frontier communications sold 7 perce fell 7%. >> a weak quarterly forecast and upcoming job cuts were announced. a san francisco jury decided that google did infringe on oracle's information. judges or jurors could not agree whether google's actions were protected under so called fair use. yahoo's ceo scott thompson apologized for an improper sighting on his resume. >>> the congressional budget office estimates tax increases and lower government spending helped the federal government snap a four-year deficit streak in april resulting in a $58 billion surplus. >>> and, finally, how much is lady gaga's used china wor

the dow opens at 12,529 after adding 33 points yesterday. the s&p was up a point. the nasdaq was down ten. >>> looking at overseas trading. in tokyo, the nikkei added 17 points. in hong kong, the hang seng was up 47. >>> for the second straight day, the dow and the s&p bounced back from earlier losses in the final hour of trade but a key weak report tripped up the nasdaq. the tech heavy nasdaq was weighed down by netapp. it blamed on an increasingly uncertain global economy. meanwhile, investors welcomed news of massive cost-cutting layoffs at hewlett-packard sending hp up 3%. jpmorgan's price target hike on several airline carriers sent usairways soaring. and delta and southwest higher. >>> internet radio site pandora surged 12% on big jumps in ad sales and subscriptions over last year. tiffany and company tumbled 7% after slashing its 2012 outlook. as protesters rallied outside amazon's annual shareholders meeting in seattle, the online retailer told investors it planned to improve conditions at its warehouses after employees were reportedly forced to work in temperatures a

the dow added 85 points while the nasdaq gained 58. >>> the largest collapse of a u.s.w firm is all but complete. duey lebeouf filed last week. the firm which once boasted 1,300 lawyers owes their creditors $245 million. concern over their debt caused several partners to leave since the beginning of the year. the firm will keep about 90 of its employees while it liquidates its assets. >> another strange twist in the britain's phone hacking scandal. a protester interrupted prime minister tony blair's testimony before a media ethics panel. the heckler called blair a war criminal but the bombshell came when blair admitted that he could not stand up to britain's media while he was in office. >>> and facebook might be getting into the mobile phone business. according to "the new york times," the social media company has hired more than half a dozen hardware and software engineers who worked on apple's iphone. facebook has reportedly tried to develop a smartphone in the past. the company has not officially disclosed any plans to build a mobile device. but, terrell, that certa

the dow opens at 13,279 after adding 75 points yesterday, the s&p gained 7, the nasdaq up 4. >>> taking a look at overseas trading this morning, in tokyo, the nikkei added 29 points while in hong kong the hang seng rose to 14. >>> a little optimism drove the dow to its highest level in more than four years tuesday. news that april manufacturing expanded at the strongest pace since june gave stocks early momentum. signs of improving demand spilled over into financial, transportation and energy stocks as well as the price of oil. after the bell, chesapeake energy slipped in the wake of weak earnings. the natural gas producer had close higher on news of a replacement for its controversial ceo and co-founder. >>> earlier lackluster reaction to research in motion's new blackberry software weighed down the nasdaq. avon was the biggest drag on the s&p after its earnings plunged 82%. pg change's china bistro surge after the restaurant chain agreed to be taigen private for more than $1 billion. news corp is calling a report by an english committee of lawmakers that labeled rupert murdoch unfit t

the dow opens at 13,279 after adding 65 points yesterday. the s&p gained 7 points, the nasdaq was up 4. >>> taking a look at overseas trading this morning, in tokyo, the nikkei added 29 points while in hong kong the hang seng rose 214. >>> a little optimism drove the dow to its highest level in more than four years tuesday. news that april manufacturing expanded at the strongest pace since june gave stocks early momentum. signs of improving demand spilled over into financial transportation and energy stocks as well as the price of oil. after the bell, chesapeake energy slipped in the wake of weak earnings. the natural gas producer had closed higher on news of a replacement for its controversial ceo and co-founder. earlier, lackluster reaction to research in motion's new blackberry software weighed down the nasdaq. meanwhile, avon was the biggest drag on s&p after reporting its earnings plunged 82%. >>> p.q. chang's china bistro surged nearly 30% after they agreed to be taken private for more than a billion dollars. >>> news corp. is calling a report by a committee of english l

the nasdaq lost nine. >>> an online ad with actor ashton kutcher portraying an indian man has been pulled, following complaints that the ad is racist. for the product pop chips, kutcher was playing a man named raj looking for love. pop chips said it never meant to offend anyone. >>> "the scream" has set a new record at auction. an anonymous buyer bought one of the four versions of the edward munch masterpiece for nearly $120 million last night. that is, as you can imagine, a record for a piece of art. >>> well, passengers may be screaming over new fees from spirit airlines. it already charges $45 for a carry-on bag that can't fit under your seat. now, it's raising that fee to $100 if you wait until the gate to pay it. that could cost more than the ticket itself in some cases. >> can imagine there will be a little backlash to that. >> $100? >> that's ridiculous. unless you're a ceo, you can pay for it. >> that's right. >>> next on this thursday, on-field elusion, after another no-hitter in the big leagues. >>> and the mom putting the spotlight on responsible tanning. [ male announcer ] thi

the dow opened at 13,279 after adding 65 points yesterday. s&p gained 7 points, nasdaq up 4. >>> overseas treeding nikkei added 29, the hang seng rose 214. >>> optimism drove the dow to the highest level in fours years. april manufacturing ex-spapded at the strongest pays gave stocks early momentum. signs of demand spilled over in financial, transportation and energy stocks and the price of oil. after the bell, chesapeake energy slipped in the wake of weak earnings. they had closed higher on news of a replacement for the controversial cco and co-founder. lackluster reaction to research in motion to black berry software weighed down the nasdaq. avon was the biggest drag on the s&p after earnings plunged 82%. >>> pf changs surged 30% after the chain agreed to be taken private for more than a billion dollars. >>> news corp is calling report by a committee of english lawmakers that labelled rupert murdoch "unfit to run his global media empire" unjustified and highly partisan. walmart will pay $4 skbr 8 million to employees unfairly considered exempt from overtime wages. >>>

the nasdaq. the stock tumbled 11%. that only addedhe finger pointing that started after the stock only gained a little over two games in its -- dimes in its first day of trade. critics are blaming morgan stanley, the lead banker on the deal and blaming nasdaq with problems with trade. "the new york times" reporting some are saying facebook's offering price was too high, too many shares were sold to the public. analysts are saying facebook troubles could close cold water on enthusiasm for other companies planning ipo azitier this year. the government is actually investigating how badly the stock was handled. >>> you can't always believe everything you hear. a term administration judge is saying -- [indiscernible] -- could treat or prevent heart disease, prostrate cancer and other illnesses. the judge sighting with federal regulators and ordering pom to halt these claims. >>> this could save you from driving to delaware beaches. new weekend bus service launches this memorial day weekend. 39 bucks if you book ahead. $45 for walkups. the

the nasdaq rising 11, and the s&p 500 adding two. >> thanks so much. >>> we have a brief warning to beery aware of intersections this memorial weekend. make sure to watch out for drivers running the red lights. the study for the national coalition for safe roads finding more than 2 million drivers in eight states ran red lights over memorial weekend last year. and the number was 27% higher than an average holiday weekend, as well. >> i am very anxious to talk to christina. you're talking a little rain. that's for tomorrow, though, right? >> yeah, i know, what is it today? >> between commercial breaks. >> she wants to know because you want to get outdoors this weekend, right? >> everybody does. >> you've got kids, you have an opportunity. triple check. and you know what? the weather is going to be pretty nice. she's right on point. we've got showers on the bay area. we need the rain only because it's going to help our air quality. i don't think we're going to measure precipitation in the south bay. burr each bay looking like the best chance for showers as we head to the second half of y

as for stocks, the dow rose 20, the nasdaq lost a point, and the s&p added three. uncle sam is in the black for the month of april. it's the first month in three and a half years the federal government has brought in more money than it spent. the government collected almost $319 billion in taxes and other revenues. bills totaled almost $260 billion, leaving a surplus of just over $59 billion. it helps that most americans pay their taxes in april, and tax receipts have been stronger this year compared to last year. one month in the green doesn't do much, though, to address the much larger debt issue. the government is on pace to bump up against the $16.4 trillion debt ceiling before the end of the year, meaning congress and president obama will have to okay more borrowing or face default right after the election. and that is why congress was revisiting last summer's debt ceiling deal today. republicans in the house of representatives pushed through a plan this afternoon to protect defense spending from $500 billion in automatic cuts required by that debt deal. house