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

Published by Bhavesh Kumar

A multi-talented professional with diverse experience spanning across Advanced statistical analysis,Python programming with NumPy, pandas, matplotlib, Seaborn, Tableau, Machine Learning with stats models and scikit-learn, Deep learning with TensorFlow, journalism (digital and broadcast), management consultancy and documentary filmmaking. Worked for the leading international news agencies on feature stories, videography, scripting, programming and editing broadcast news. A creative and analytical mindset focused on executing new-age strategic communication initiatives with all its corresponding elements (clear and coherently written key messages, marketing strategy and predictive analytics) to ensure effective target audience impressions. Also, worked on several primary and secondary market research projects (Market Feasibility Study) for businesses looking for actionable insights.

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