Ahead of the Bell: Dow futures are trading up 2 points and S&P futures are trading up 2 points. Investors are concerned with the debt ceiling threat as both political parties have started digging in their heels before negotiations begin. The debt ceiling vote will weigh on financial markets, as spending cuts were not addressed in the fiscal cliff negotiations. Also, the Federal Reserve said it will end its asset purchase program ahead of time, the agency said last month it would keep interest rate near zero until unemployment falls to at least 6.5%.
On the economic calendar today, the Labor Department will release December’s non-farm payroll numbers before the market opens, it is forecasted to be 155K compared with 146K for November. Factory orders for November will be out after the market opens and it is expected to be 0.3% versus 0.8% for October....
Tournament Director Cees Juffermans sounds the gong for the KPN Dutch Championship Short track and the Skate4AIR foundation.
On Saturday 5 and Sunday 6 January the best short trackers of the Netherlands compete for the Dutch Championship at the Jaap Eden ice rink in Amsterdam. This year the KPN NK Short track supports the Skate4AIR foundation. Skate4AIR raises money for research into the Cystic Fibroses disease with children.
Stocks struggled to stay in positive territory, in a volatile trading session today, following yesterday’s surge as investors remain uncertain over the economy with more budget issues looming in Washington. President, Barack Obama and Republicans face two more months of tough discussions on spending cuts and an increase in the nation's debt limit, as the hard-fought deal to avert the fiscal cliff covered only taxes and delayed decisions on expenditures until March 1.
Initial Jobless Claims for the week ended December 29, increased 10,000 to 372K (360K expected), versus a revised 362K the week prior.
December ADP jobs report showed the private sector added 215K jobs versus a consensus of 150K jobs. December’s reading is the largest gain since February and puts total 2012 job growth above 1.7M positions. Reports showed that manufacturing jobs declined while all other sectors saw gains....
On Thursday, January 3, 2013, representatives from Big Brothers Big Sisters of New York City, will visit the New York Stock Exchange and ring The Closing Bell to highlight National Mentoring Month. In honor of this occasion, “Little Brothers” Jose Silva and Jose Cruz will ring The Closing Bell®.
About Big Brothers Big Sisters of New York City:
Big Brothers Big Sisters of NYC (BBBS of NYC), the nation’s first and NYC’s largest youth mentoring organization, has served the changing needs of New York City’s most at-risk youth since 1904. The volunteer- and donor-based organization offers a variety of specialized mentoring programs to help children facing more complex challenges – including immigrant youth, teen mothers and children of incarcerated parents – as well as the Workplace Mentoring Center, which helps businesses throughout New...