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

Nikkei surges, SoftBank jumps on Alibaba earningsNikkei surges, SoftBank jumps on Alibaba earnings
(Updates to close) TOKYO, April 16 (Reuters) - Japan`s Nikkei share average surged on Wednesday after a better performance on Wall Street the day before and comments from Japanese Finance Minister Tar...
ECB plan could boost shares in Europe's weakest companiesECB plan could boost shares in Europe's weakest companies
LONDON (Reuters) - Shares in some of Europe`s least profitable and most indebted companies are set to outperform in the coming months if the European Central Bank starts buying corporate bonds to fi...
Credit Suisse says not found anything materially untoward in its forex tradingCredit Suisse says not found anything materially untoward in its forex trading
ZURICH (Reuters) - Credit Suisse <CSGN.VX> has not found anything "materially untoward" in how it trades foreign currencies, the bank`s finance chief David Mathers said on Wednesday following th...
Defunct bitcoin exchange Mt. Gox files for liquidation -WSJDefunct bitcoin exchange Mt. Gox files for liquidation -WSJ
April 16 (Reuters) - Defunct bitcoin exchange Mt. Gox has given up plans to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be liquidated, the Wall Street Journal report...
Bonds shine again as Great Rotation gives way to Asset ReflationBonds shine again as Great Rotation gives way to Asset Reflation
LONDON (Reuters) - Last Thursday morning investors queued around the block to buy the bonds of recent defaulter Greece, and by the end of the day were selling U.S. tech stocks furiously. In an inv...

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.