Midday Report: Pandora Jumps on Sale Reports; Banks Reverse Course

Stocks were mostly higher after U.S. jobs gains in November solidified the chances of an interest rate hike in December. The likelihood of a rate hike when the Federal Reserve meets in just over a week currently sits at 95%. Banks reversed course, giving back some of the big gains achieved as President-elect Trump filled out his Cabinet this week. Banks such as Goldman Sachs (GS) - Get Report and JPMorgan (JPM) - Get Report had rallied on what were seen as Wall Street-friendly Cabinet picks. Pandora (P) surged on reports the company is considering a sale. The music-streaming service is reportedly open to negotiations with SiriusXM (SIRI) - Get Report , which had previously made a play for Pandora. Teleflex (TFX) - Get Report climbed after agreeing to acquire Vascular Solutions (VASC) in a deal worth $1 billion. The deal is set to close in the first half of next year.