Futures mixed with hours left before fiscal cliff

Published on NewsOK Modified: December 31, 2012 at 6:52 am •  Published: December 31, 2012
Advertisement
;

NEW YORK (AP) — Stock futures are mixed on the year's final day of trading, with lawmakers trying to push through a last-minute deal on the budget.

Dow Jones industrial futures are up 3 points to 12,780. The broader S&P futures have added 2.1 points to 1,386.10. Nasdaq futures are down 3 points to 2,583.

There is a shortened day for bond trading Monday, but it's a full day for the stock markets. Volume is very low, however.

There are now just hours to go before the midnight deadline for the nation's so-called "fiscal cliff," if no deal is reached.

More than $500 billion in 2013 tax increases would begin to take effect and $109 billion would be slashed from defense and domestic programs.

Senate Majority Leader Harry Reid says negotiations are ongoing.


Advertisement


Trending Now



AROUND THE WEB

  1. 1
    ​This Shot-for-Shot Frozen-'Thriller' Mashup Is Damn Near Perfect
  2. 2
    VIDEO: Kendrick Perkins lobbies for physical play before Game 3
  3. 3
    Sixth-grade teacher arrested on sexual-assault complaint
  4. 4
    CTB/McGraw-Hill executives apologize for testing problems
  5. 5
    Oklahoma City Thunder: Russell Westbrook refuses to call FedEx Forum 'Grindhouse'
+ show more