US markets end mixed

CNBC's Margaret Brennan - The stock market celebrated Independence Day early here in the US with the 73 point gain on the Dow. The Nasdaq did drop but just by 6 points. Volume was light on this last trading day of the holiday-shortened week with the Dow and Nasdaq still ending in the bear market territory. Jobs and Oil were the two dominant stories with jobs declining for the 6th straight month; non-farm pay rolls shrank a bit more than expected falling by 62,000 jobs but the unemployment rate is still holding steady at 5.5%.

Oil prices moved in and out of negative territory as the Dollar continued to rise against the Euro but we are still headed towards gains in the price of oil towards the close of today’s session. Financial stocks were mixed with Lehman brothers and JP Morgan gaining by 2%. In a surprised move, Morgan Stanley’s Commodity Chief is stepping down. Shares of that company still gained fractionally.