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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Futures Inch Lower, Retail Sales Data Eyed

Tuesday, January 15, 2013 8:22 AM
U.S. stock futures slipped on Tuesday as investors wait for a series of economic data to find some direction after sentiment turned downbeat in the preceding session following news that demand for Apple Inc.’s (NASDAQ: AAPL) iPhone 5 has been weaker than expected. At last check, futures on Dow Jones Industrial Average Index slid 0.03%; those on NASDAQ 100 fell 0.17% while futures on S&P 500 Index inched down 0.14%. Earlier on Monday, Federal Reserve Chairman, Ben Bernanke, while giving a speech at the University of Michigan warned that the U.S. economy “ was not out of the woods yet” and urged the Congress to raise the debt ceiling so that world’s largest economy does not make a historical default in few week time. Bernanke also ruled out any hike in benchmark interest rate and roll back of ongoing quantitative measures, citing that bond purchase will not spike inflationary pressure. On U.S. economic data front, the Commerce Department will release its retail sales data for December at 8:30 a.m. EST.  Also at the same time, December’s Producer Price Index (PPI) is slated to release. New York Fed’s Empire State Manufacturing Index, a gauge on manufacturing activities, will be released at 8:30 a.m. EST. The Index, according to economists surveyed by MarketWatch, is likely to come at minus 2.8 in January up from minus 8.1 in December.  A reading above 0 indicates improvement in manufacturing activities. Later at 10:00 a.m. EST, the Commerce Department will release its data business inventories for November. On earnings front, homebuilder Lennar Corporation (NYSE: LEN) is scheduled to report quarterly results ahead of the morning bell. Apple inched lower in premarket tr, ade. On Monday, news report said that Apple was slashing its LCD orders, used for iPhones, owing to weaker than expected demand for iPhone 5. In some other markets, crude oil futures slipped 0.07% to $93.07 a barrel while U.S. gold futures edged up 0.68% to $1,680.80 an ounce.
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

Moscovici says China market developments will not destabilize European economyMoscovici says China market developments will not destabilize European economy
PARIS (Reuters) - Market developments in China will not destabilize the European economy, European Economic and Monetary Affairs Commissioner Pierre Moscovici said on Tuesday, adding that there was no...
Spain is best example that Europe is doing things right: SchaeubleSpain is best example that Europe is doing things right: Schaeuble
BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said on Tuesday that Spain`s economic development showed that the euro zone was tackling its crisis well. "Spain is the best example tha...
China manufacturing contracts, Korea exports slump as Asia's woes deepenChina manufacturing contracts, Korea exports slump as Asia's woes deepen
BEIJING/SEOUL (Reuters) - China`s giant manufacturing sector contracted and exports from South Korea tumbled by the most in six years in August, rattling Asian markets on Tuesday and reinforcing exp...
Calpers, Calstrs oppose joint CEO-chairman role at Bank of AmericaCalpers, Calstrs oppose joint CEO-chairman role at Bank of America
(Reuters) - Two of America`s biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to continue as both chief executiv...
Valeant gets right to develop AstraZeneca's psoriasis drugValeant gets right to develop AstraZeneca's psoriasis drug
(Reuters) - Canada`s Valeant Pharmaceuticals International Inc said it has been granted an exclusive license by AstraZeneca Plc to develop and commercialize its late-stage experimental psoriasis drug ...

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.