Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


Futures Edge Lower

Thursday, January 3, 2013 8:36 AM
U.S stock futures edged lower on Thursday as initial euphoria over “fiscal cliff” deal fades away and as investors turn their attention towards another heated round of negotiations on spending cuts and debt ceiling issue. At last check, futures on Dow Jones Industrial Average Index slipped 0.16%; those on Nasdaq 100 Index fell 0.19% while futures on S&P 500 Index edged down 0.24% . The U.S. congress having passed a bill which approves raising taxes on wealthy individuals and families has merely postponed the resolution on other key issues such as long-term spending cuts, including defense spending and domestic entitlement measures.  Until lawmakers don’t build a consensus over how to trim fiscal deficit through cuts, the danger of automatic across-the-board spending cuts from March will keep investors nervy. Moreover, a decision on debt ceiling will keep investors on the edge. The heated round of negotiations between congressional leaders on pending issues will continue for the next two months. On U.S economic news front, Automatic Data Processing Inc’s data on private sector payrolls for December is slated to be released at 8:15 a.m. EST. The Labor Department is scheduled to release its weekly jobless claims at 8:30 a.m. EST. According to economists’ consensus estimate, first time applications for benefits are likely to rise to 360,000 in the week ended Dec. 29 versus 350,000 the previous week. Family Dollar Stores Inc. (NYSE: FDO) is scheduled to release its first quarter earnings on Thursday. Earlier Today, retailer Costco Wholesale Corporation (NASDAQ: COST) reported that its same-store-sales climbed 9 percent in December. Elsewhere in Asia, all leading benchmark indexes ended higher with Japan’s Nikkei India gaining 0.70 percent and Hong Kong’s Hang Seng adding 0.37%. In Europe, nearly all leading indexes turned lower on Thursday. While Stoxx 600 Index inched up 0.18 p%, FTSE 100 slipped 0.07 %.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2015 the year you get RICH!

Latest Headlines

Asian shares inch up; focus on central banks, GreeceAsian shares inch up; focus on central banks, Greece
TOKYO (Reuters) - Asian shares scaled seven-year highs following stellar earnings from a few U.S. hi-tech giants, but investors were cautious ahead of central bank meetings this week in the U.S. and...
Dollar on defensive after more weak U.S. economic dataDollar on defensive after more weak U.S. economic data
TOKYO (Reuters) - The dollar started the week on the defensive on Monday after more disappointing U.S. economic data reinforced expectations the U.S. Federal Reserve will not hike interest rates any...
VW board members demanded Piech go after learning of secret plotVW board members demanded Piech go after learning of secret plot
BERLIN/FRANKFURT (Reuters) - Ferdinand Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of his own demise by reneging on a deal to support CEO Martin Winterkorn and se...
UK government would oppose any takeover of BP: FTUK government would oppose any takeover of BP: FT
(Reuters) - Britain`s outgoing government has told BP Plc <BP.L> that it wants the company to remain a British industrial champion and it would oppose any takeover of the oil producer, the Finan...
Strong India rupee stings Modi's export ambitionsStrong India rupee stings Modi's export ambitions
NEW DELHI (Reuters) - Ajit Lakha, who runs a mid-sized garment export business in the north Indian textile hub of Ludhiana, prays daily before leaving for work that the rupee will weaken and the eur...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.

Algorithm Based
Trade Signals
arrow
small cap swing trades Futures Day Trading System S&P + Crude Oil Signals
Autotrading Autotrade Stocks Try for Free!