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No Santa Rally, Markets in the Red

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  • Description

    FBN’s Nicole Petallides with a mid-day market update.

  • Duration 1:35
  • Date

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Every fifteen minutes Nicole -- -- unemployment -- stock exchange and -- call Wall Street also souring imagine on the possibility of this deal getting down on Wall Street -- -- we were talking about -- -- and -- -- earlier -- prior to Christmas on the 24 it was a half day of trading the stock market here.

Closed at 1 PM eastern time it was chatting with traders at that time.

-- -- it became quite evident I was talking with John McCain and meridian equity partners and actually -- I mean come on the call let's call a spade a spade here it's it's it's 24.

One day before Christmas they're not doing anything now certainly doesn't look like they're gonna get it done quickly and and and he even proposed that.

It may just move right into the middle of January enough figure out a way to sort of extend -- and get back down at that point so the fiscal cliff remains the woes remain -- The worry and the uncertainty remains on Wall Street which makes it hard for Wall Street's take off it just -- that wild card.

And that's not a good thing for the stock market forget today's a lighter day of trading some people are just taken some profits are getting out.

We have a long weekend coming up -- the holiday high about the first which is another day off.

But right now the Dow Jones industrials at thirteen 1001 as sex are dropped -- -- -- quarter.

Of 1% tech heavy NASDAQ and also -- S appear both down just about a half a percent give or take.

Let's take a look at Zynga -- this is -- name that we -- different Zynga.

Which is being cross this year right it's down about 75%.

Year to date.

But today getting a pop and medicine -- there's been talk about them launching a real time.

Gaining site over in the United Kingdom -- -- three and a half percent today for Zynga.

-- all right thank you Nicole.

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