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 2014 the year you get RICH!

Latest Headlines

Wal-Mart says former CEO Scott to retire from boardWal-Mart says former CEO Scott to retire from board
(Reuters) - Wal-Mart Stores Inc <WMT.N> said former Chief Executive Officer Lee Scott and board member Chris Williams will not stand for re-election to the retailer`s board. Scott will complet...
Apple resets the clock as investors await next big thingApple resets the clock as investors await next big thing
SAN FRANCISCO (Reuters) - Apple Inc just bought itself some much-needed time. On Wednesday, the company surprised Wall Street with news that it sold more iPhones in the March quarter than even the...
Qualcomm faces China bribery allegations from U.S. regulatorQualcomm faces China bribery allegations from U.S. regulator
SAN FRANCISCO (Reuters) - Leading mobile chipmaker Qualcomm said on Wednesday it could face a civil action from U.S. authorities over alleged bribery of officials associated with state-owned compani...
Scottish independence to rebalance UK economy, benefit Northern England: SalmondScottish independence to rebalance UK economy, benefit Northern England: Salmond
CARLISLE (Reuters) - An independent Scotland would rebalance the UK`s economy and bring prosperity to northern England, Scottish leader Alex Salmond said on Wednesday in a bid to dispel concerns sou...
Formula One boss Ecclestone goes on trial in GermanyFormula One boss Ecclestone goes on trial in Germany
MUNICH (Reuters) - Formula One chief executive Bernie Ecclestone goes on trial for bribery in Germany on Thursday in a case that could see the Briton`s long dominance of the motor sport ended by a j...

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.