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 2014 the year you get RICH!

Latest Headlines

Deutsche Bank lawyer found dead in apparent NY suicide: WSJDeutsche Bank lawyer found dead in apparent NY suicide: WSJ
BERLIN (Reuters) - Calogero Gambino, a senior Deutsche Bank <DBKGn.DE> regulatory lawyer, has been found dead in New York in what appears to have been a suicide, the Wall Street Journal reported...
Areva-Siemens raises claim to $4.4 billion over Finnish reactor delaysAreva-Siemens raises claim to $4.4 billion over Finnish reactor delays
HELSINKI (Reuters) - The French-German consortium Areva-Siemens <AREVA.PA><SIEGn.DE>, the supplier of Finland`s much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Fi...
India's finance minister favors interest rate cut: paperIndia's finance minister favors interest rate cut: paper
NEW DELHI (Reuters) - India`s Finance Minister Arun Jaitley favors a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the central bank has s...
China's auto market growth may halve to 7 percent this year: industry body headChina's auto market growth may halve to 7 percent this year: industry body head
SHANGHAI (Reuters) - Growth in China`s auto market, the world`s biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday. "Personal...
Look to energy names for global demand cluesLook to energy names for global demand clues
NEW YORK (Reuters) - Slumping energy shares drove the recent U.S. stock market selloff more than any other major group, so investors are turning to next week`s slate of earnings to see if the sector...

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.