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DOW 8635.42 259.18 +3.09% NASDAQ 1509.31 63.75 +4.41% S&P 876.07 30.85 +3.65%   Friday, Dec. 05, 2008   WHAT YOU SHOULD KNOW     Recession Plays: Preferred Stock and Corporate Bonds The worsening employment and housing news on Friday only confirmed what most investors already believed: Now is a lousy time to buy stocks. But there's good news: corporate bonds and preferred stock—with their high yields and relative safety—offer some of the best investment opportunities in years...read more     Dow Gains Nearly 300 After Late-Day Rally Stocks shot up like a rocket in the final hour of trading, shrugging off earlier losses triggered by the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record... read more     New Risk to Your 401(k): Firms Cut Matching Funds As if your 401(k) hasn't been through enough, more companies have suspended or cut matching funds to retirement accounts...read more     TODAY'S TOP 5 VIDEOS     1. Non-Farm Payrolls Down 533,000 Job losses accelerate, reports CNBC's Steve Liesman     2. Big Three Hearing Highlights CNBC's Phil LeBeau has the highlights from today's Big Three hearings on Capitol Hill.     3. Merrill: End of an Era Merrill Lynch begins its shareholder meeting to vote on the Bank of America takeover, with Winthrop Smith, Jr. former Merrill Lynch International chairman/Summit Ventures CEO     4. Stop Trading, Listen to Cramer! Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett.     5. Spirits & Profits Brown-Forman, the maker of Jack Daniels, reported better-than-expected fiscal Q2 profits and lefted its outlook for 2009. The company's CEO, Paul Varga, his company's success with CNBC's Maria Bartiromo.     Click here to view all of today's top videos on CNBC.com     CNBC.com BLOG OF THE DAY     Even With All The Programs, Many Home Borrowers Beyond Help We've been talking a lot today about the latest delinquency numbers from the Mortgage Bankers Association and how the recession is going to affect foreclosures going forward... See All CNBC.com Blogs   Watch CNBC live on your desktop. Click here to find out how.   NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS

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