Market Preview: Sick of the Cliff?

Tickers in this article: SPY ^DJI KYAK ^GSPC JCP DIS ^IXIC AAPL PCLN GRPN

Also, Groupon(GRPN) was getting walloped, dropping nearly 16% after the online deals company reported a surprise loss for its third quarter with revenue of $568.6 million missed Wall Street's consensus view of $590.1 million.

The big surprise late Thursday though was Priceline.com(PCLN) pulling off a surprise deal to acquire Kayak Software (KYAK) for $1.8 billion in cash and stock, valuing the shares at $40 each.

--Written by Michael Baron in New York.

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