S&P 500 index continues to fall as US Congress working up the agreement to deal with fiscal cliff

The cues given by US stock futures suggest that Standard & Poor’s index will continue falling on straight sixth day in a row at a time when Congress is busy arriving at a budget agreement before the fiscal cliff comes into effect.


The S&P futures for March have risen 0.3 percent at 8:11 a.m., New York to reach 1388. This happened because contracts continued to fall after equity trading was stopped on Dec. 28. As a result of this development, the benchmark index American Shares will open at 0.6 percent below the levels that were when trading was halted on Dec. 28.


Source: Bloomberg


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