US MARKET BREAKING NEWS 12/7

1. Stocks tumbled at the open Monday pressured by Friday’s weak nonfarm payrolls report, which reignited fears of a slowdown and as Italian debt fears spooked markets. All 30 Dow stocks opened to the downside.

 2. President Obama to Meet With Congressional Leaders on Debt 'Every Single Day Until We Get This Resolved'

3. Stocks declined more than 1 percent across the board Monday as investors worried over the U.S. budget and euro zone debt. Alcoa plunged ahead of earnings, while the Vix rallied almost 15 percent.

 

 4. Stocks tumbled to post their largest loss in about a month Monday as investors worried that Europe's debt crisis could spread to Italy and amid ongoing worries over the U.S. budget. Alcoa shares slid ahead of the aluminum maker's second-quarter earnings report.

 

5. Alcoa shares turned higher in after-hours trading after the aluminum maker hit analysts' earnings target and beat on revenue

6. International Paper has gone hostile in its bid to acquire rival packaging company Temple Inland. IP said it's taking its offer of $30.60 a share, which values the company at about $3.3 billion, directly to shareholders.