U.S. Dollar Rebounds - Markets Up After Mixed Reports
With an hour left in trading, the markets were up. A strong U.S. jobs report today counterbalanced less then stellar consumer sentiment. CNBC’s Mary Thompson reported from the floor of the New York Stock Exchange, saying that both Citigroup and McDonald’s were among the winners today. Mickey D’s hit a seven-year high on strong November sales. Citigroup volume was about 30 million shares above normal on speculation of a restructuring and change in management. The company denied those rumors.
CNBC's Scott Wapner was at the Nasdaq. The big stock of the day there was Heelys, which makes children’s sneakers with wheels. Those shares were up 55.7%, or $11.70, to $32.70. Semiconductors fizzled out after National Semiconductor revised its revenue guidance downward.
And after a week or more of negative talk--attitudes toward the U.S. dollar changed late this morning. CNBC’s Rick Santelli says it was comments made by Treasury Secretary Henry Paulson during an interview with Maria Bartiromo that gave the dollar the lift it needed. The U.S. Dollar Index was up 53 cents to $83.33.