CNBC.com News Now: S&P Closes Above 1,000 Amid Economic Hopes

Click here to view today's top stories on your mobile device. Monday, Aug. 03, 2009     DOW 9286.56 114.95 +1.25%   NASDAQ 2008.61 30.11 +1.52%   S&P 1002.63 15.15 +1.53%     NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV SIGN IN     WHAT YOU SHOULD KNOW S&P Closes Above 1,000 Amid Economic Hopes Stocks rallied to their highest closes since November Monday following encouraging economic reports from the U.S. and abroad and following news that auto sales got a boost from the "Cash for Clunkers" program... »read more 'Cash-for-Clunkers': What You Need to Know Now So if you didn't make it to the dealer last week, have you missed your chance for the cash—and are you stuck with your clunker? »read more Double-Dip Recession Still in the Picture: Roubini The United States, Europe and Japan still face the possibility of a double-dip recession and at the very least will experience below-potential economic growth for the next couple of years, economist Nouriel Roubini told CNBC Monday... »read more TOMORROW MORNING ON CNBC Squawk in Session: Live From The U.S. Senate | 6a ET It's a Squawk Box showdown on Capitol Hill. We bridge senators from both sides of the aisle, giving you both sides of the president's plans for health care and the economy. Join Joe Kernen, Becky Quick and Carl Quintanilla live from the U.S. Senate. »Tomorrow 6a ET TODAY'S TOP 5 VIDEOS 1. Ford's First Profit in Two Years   The government's "cash for clunkers" program gave Ford the boost it needed to post its first positive monthly sales in two years. George Pipas, chief sales analyst at Ford Motor Co., discusses the company's July sales with CNBC's Phil LeBeau. 2. Keeping Cash for Clunkers   The government's successful 'cash for clunkers' program is hanging in the balance after running out of cash. Rep. Betty Sutton, D-Ohio, discusses the fate of the bill. 3. B of A Succession Plan in Place?  Insight on Bank of America's agreement on Merrill bonuses, with CNBC's Charlie Gasparino. 4. Roubini: The Downside of Commoditie Prices   Commodities prices could surprise on the downside, warns Nouriel Roubini, co-founder & chairman of RGE Monitor. He outlines the reasons why this could happen, with CNBC's Oriel Morrison. He also gives his economic outlook on China. 5. Stop Trading, Listen to Cramer!   Mad Money host Jim Cramer gives advice on the markets.       TODAY'S TOP BLOG   This New Bull Market Is No Clunker Let's call this what it is: A new bull market in stocks has emerged from the ashes of the financial meltdown and the deep recession that followed. And it's signaling the onset of economic recovery. »See All CNBC.com Blogs

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