Dow Jones Open 12/02/08 - Stock Market

Today, December 2, 2008, the stock market is opening higher after yesterdays plunge. The Dow Jones Industrial Average ( DJIA ) is up 127 to 8275 as we are testing the 10 day moving average at 8292. The Nasdaq is up 24 to 1422 and the S&P 500 is up 18 to 835. Check out Art Cashin's comments on the S&P 500 from this morning. I am watching some of the stocks below and also the final hour to see how we close. I am also keeping the jobs report in the back of my mind on Friday. The USA is expected to have lost as many as 350,000 jobs in November and this report will be out on 12/05/08. If we get a number under 300,000 I think the market will spike higher.

Stocks to Watch - December 1, 2008

Apple ( AAPL ) and Research in Motion ( RIMM ) are going down because of Palm cutting their earnings. A virtual no name company that trades below $2 per share is dragging down RIMM stock almost 9% today. This is a sign technology is hitting a bottom. It's almost laughable! We'll have to see how the rest of the day goes but RIMM looks very interesting down here. It could get a pop if its breaks the high of day at $40.50.

Today's Biggest Gainers - 12/2/08

Watch Liz Claiborne ( LIZ ) as Guy Adami said last night on CNBC Fast Money he likes this stock for a trade. He didn't really elaborate but I think if it gets above $3 it might have some legs!

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