Stock Market News Review Today December 17, 2012 open:
As the final full week of 2013 trading begins, focus will remain on fiscal cliff negotiations. Approximately $600 billion worth of spending cuts and tax increases are scheduled to affect the U.S. economy after December 31 if Congressional policy leaders fail to compromise. The associated uncertainty is expected to pressure the primary stock market composites lower this week.
Last week, all three primary composites finished the last full trading session in the red, and closed the week out in negative territory overall.
Dow Jones Industrial Average, Nasdaq, S&P 500 Index Close Review Today December 17, 2012:
The Dow Jones Industrial Average finished the last full trading session in the red by 35.71 to close at 13,135.01. The Nasdaq closed the last session lower by 20.83 at 2,971.33 and the S&P 500 finished the final trading session lower by 5.87 to close the day at 1,413.58. All three stock composites closed the last full week of trading in negative territory as well. The DJIA closed the week down by approximately .27 percent. The Nasdaq finished the week lower by .70 percent and the S&P 500 finished the week in the red by .41 percent.
Prior to opening bell this morning, futures for the primary U.S. stock composites were mixed. Stocks were positioned for an uncertain open.