Cliff fight may knock out December rally
NEW YORK (Reuters) – In normal times, next week’s slew of U.S. economic data could be a springboard for a December rally in the stock market. December is historically a strong month for markets. The S&P 500 has risen 16 times in the past 20 years during the month. But the market hasn’t been operating [...]
Defensives rally on flat day for Wall Street
(Reuters) – Stock index futures pointed to a lower open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 falling 0.2 to 0.3 percent. The U.S. Treasury Department issues its monthly budget for February at 1800 GMT. Economists forecast a $ 229.0 billion deficit, [...]