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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s