Stock:
Symbol Lookup
Register | Login My Watchlist | My Account | Logout
History
to View Your Portfolio

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 2016 the year you get RICH!

Latest Headlines

Bangladeshi probe panel's chief says SWIFT responsible for cyber theftBangladeshi probe panel's chief says SWIFT responsible for cyber theft
DHAKA (Reuters) - A Bangladesh government-appointed panel investigating the theft of $81 million from the country`s central bank has found that SWIFT, the international banking payments network, commi...
Vietnam's TPBank says thwarted cyber hacking attempt late last year Vietnam's TPBank says thwarted cyber hacking attempt late last year
HANOI (Reuters) - Vietnam`s Tien Phong Bank (TPBank) said on Sunday it had thwarted a hacking attempt in the final quarter of last year and avoided the loss of more than 1 million euros ($1.13 million...
Vietnam bank says interrupted cyber heist using SWIFT messaging Vietnam bank says interrupted cyber heist using SWIFT messaging
HANOI/BOSTON (Reuters) - Vietnam`s Tien Phong Bank said that it interrupted an attempted cyber heist that involved the use of fraudulent SWIFT messages, the same technique at the heart of February`s m...
EU member states agree roaming for NetflixEU member states agree roaming for Netflix
BRUSSELS (Reuters) - Consumers will be able to access their online subscriptions for services like Netflix , Sky and Canal+ when they travel across the European Union under proposals tentatively agree...
Deutsche Bank raises euro forecast versus dollarDeutsche Bank raises euro forecast versus dollar
LONDON (Reuters) - Deutsche Bank of Thursday raised its forecast for the euro, citing scepticism about the European Central Bank`s ability to weaken the currency further with policy and a retreat in e...

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.

{localized={en_US=Terry}, preferredLocale={country=US, language=en}} {localized={en_US=Scott}, preferredLocale={country=US, language=en}}

Terry Scott
CEO of StockMarketWatch

View Profile


Learn the Stock Market

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

Be a Better
Trader, Today
arrow
PreMarket PRO Our New Streaming Realtime Pre-Market Product -- Click Here to Learn More