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Dow leads the way in late day swing

Stocks swing higher in volatile trading as the Dow leads the way. Stocks drop 1% then rebound higher in late trading. But there's lots of uncertainty here—despite this we have Bill Gross saying he sees "shades of 2007" when low interest rates and massive levels of central bank intervention failed to generate strong economic growth. Yahoo Finance’s Andy Serwer weighed in on the markets.

Winners and losers

Stocks that missed the mark today include Chipotle after earnings, Match Group on light revenue for the quarter, and Buffalo Wild Wings—the sports bar and wings proprietor tanking today after 10 people were reported sick at a location in Kansas. Terrible timing for Buffalo Wild Wings as the Super Bowl is only days away.

Stocks on the winning side today include Ferrari on earnings, the first after its IPO, Angie's List on takeover rumors, and Comcast—the largest US cable provider popping despite missing earnings projections, as the company added 89,000 new cable subscribers last quarter, easily topping estimates.

Home on the range for stocks?

While we saw a 400 point swing in the Dow today, all three indices have been moving in a fairly tight trading range for the past few weeks. When might we see a breakout? Yahoo Finance's Justine Underhill has a closer look at the charts.

David Kotok is bullish

Another volatile swing in the markets today has whipsawed already weary investors. Joining us on The Final Round with some much needed perspective is veteran Wall Street strategist David Kotok of Cumberland Advisors. He believes central bank action will lead to a push higher in asset prices.

Looking ahead

  • Fed-speak has been moving the markets, and we'll have more tomorrow with Boston Fed President Eric Rosengren speaking early in the morning from Capetown, followed by Dallas Fed President Rob Kaplan tomorrow afternoon, and Cleveland Fed President Loretta Mester who will be giving speech in New York at 5p ET.

  • We'll get a big read on the manufacturing sector of the economy with factory orders for December. Economists are actually looking for a sharp dip of 2.8%, which would follow a weak November reading as well.

  • Finally, earnings season continues on Thursday with big reports from Clorox, Dunkin' Brands, LinkedIn, and Philip Morris International.