The fiscal cliff is still the problem with the market.
Geithner says they are absolutely ready to go over the cliff.
What do you do? Sell your Apple stock like everyone else.
Me, I raised some cash. And now, I wait like everyone else on our government to get their game on.
The Labor Department reported that the number of Americans filing for first-time unemployment insurance dropped 25,000 to 370,000 last week.
European markets are up and Asian markets ended mixed.
The national average price of gasoline is down one-tenth of a cent to $3.379 per gallon.
Earnings reports (estimates): LULU-Lulylemon ($0.37), HRB-H&R Block (-0.41), COO-Cooper (1.55), PANW-Palo Alto Networks (0.03), SFD-Smithfield Foods (0.43).
0730 ET Nov Challenger job cuts, Oct +11.6% y/y.
0830 ET Weekly initial unemployment claims expected -13,000 to 380,000, previous -23,000 to 393,000. Weekly continuing claims expected -12,000 to 3.275 mln, previous -70,000 to 3.287 mln.
0830 ET USDA weekly Export Sales.
0900 ET Treasury announces details of Dec 11-13 package of 3, 10, and 30-year securities.
1200 ET Q3 US household wealth change, Q2 -$322 bln.
1630 ET Weekly money supply report and Fed balance sheet.