Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

US stock- index futures a little changed, giving mixed signals of what direction would indexes follow during the day after yesterday S&P 500 index fell from record levels. Investors awaited reports on consumer confidence and house prices.

Futures on the S&P 500 expiring next month dropped less than 0.1% to 1,801.70 at 12:15 p.m. in London. Dow Jones Industrial Average contracts added 1 point, less than 0.1%, to 16,063 today.

“The index continues to creep to the upside, but volume has been beneath the 20-day moving average for a while now, indicating diminishing interest,” said Manoj Ladwa, partner at broker TJM Partners, of the S&P 500 in a note to clients, cited by Wall Street Journal.

The S&P/Case-Schiller index is due to be reported at 9 a.m. NY time. Analyst predictions suggest that home prices in 20 U.S. cities climbed 13% in September from the same month in 2012, following a 12.8% increase the year ended in August. The Commerce Department will not publish housing-starts data due today to December 18 because of a gap in funding due to the 16-day partial government shutdown last month. At 8:30 a.m. in Washington, it will release data on building permits for September and October. At 10 a.m. Eastern Time, the Conference Board will release its consumer confidence report for November, with the index expected to rise to 72.4 from 71.2 in October.

In corporate world, Tiffany & Co., the world’s second-largest luxury jewelry retailer, and personal-computer maker Hewlett-Packard Co. are among companies scheduled to report quarterly earnings today. Barnes & Noble Inc. also should report earnings today.

Nuance slid 7.1% to $14.85 in Frankfurt trading as the maker of speech-recognition software said it expects full-year 2014 adjusted revenue of $2.03 billion to $2.09 billion. Analysts on average had forecast $2.1 billion. The book retailer is expected to report a loss of 3 cents per share on revenue of $1.76 billion.

TiVo’s set to issue its third-quarter results after the stock market closes today. The maker of TV set-top boxes is expected to report earnings-per-share of 6 cents and revenue of $104 million.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Copper en route to best weekly performance in a yearCopper en route to best weekly performance in a year Copper remained fairly unchanged on Friday and is headed for its best week in a year after the Federal Reserve refrained from trimming its monetary stimulus program on Wednesday and signs of global economic recovery throughout the week boosted […]
  • Norway’s manufacturing production rebounds in MarchNorway’s manufacturing production rebounds in March Manufacturing production in Norway was reported to have increased at a monthly rate of 5.4% in March, while rebounding from a revised down 1% slump in February.In March, production rebounded for textiles, wearing apparel & leather […]
  • Forex Market: EUR/GBP daily forecastForex Market: EUR/GBP daily forecast During yesterday’s trading session EUR/GBP traded within the range of 0.8220-0.8245 and closed at 0.8228.At 6:35 GMT today EUR/GBP was losing 0.02% for the day to trade at 0.8230. The pair touched a daily low at 0.8227 at 00:45 […]
  • Forex Market: EUR/USD daily forecastForex Market: EUR/USD daily forecast During yesterday’s trading session EUR/USD traded within the range of 1.3805-1.3879 and closed at 1.3813.At 7:41 GMT today EUR/USD was losing 0.04% for the day to trade at 1.3806. The pair touched a daily low at 1.3798 at 6:00 […]
  • Spot Gold holds above $2,900 on weaker dollar, haven demandSpot Gold holds above $2,900 on weaker dollar, haven demand Key momentsSpot Gold holding above $2,900 mark, as USD hovers above a four-month trough Gold may overcome $3,000 soon - analyst US CPI, PPI data on traders' radarSpot Gold firmed at the start of the new week, while […]
  • Vodafone Group said to be negotiating over the acquisition of ONO before planned IPOVodafone Group said to be negotiating over the acquisition of ONO before planned IPO Two people with information of the matter, said that Vodafone Group Plc is currently negotiating with Grupo Corporative ONO SA. The mobile telecommunications company is said to be seeking to acquire the Spanish cable operator, as it is […]