Economy
In reply to the discussion: STOCK MARKET WATCH, Friday, December 16, 2011 [View all]Ghost Dog
(16,881 posts)... Futures on the S&P 500 expiring in March rose 0.5 percent to 1,217.8 at 9:58 a.m. in London. The gauge rose 0.3 percent yesterday, trimming this weeks decline to 3.1 percent. Dow Jones Industrial Average Index futures added 45 points, or 0.4 percent, to 11,867 today.
U.S. stocks snapped a three-day decline yesterday after reports on jobless claims and manufacturing boosted confidence in the worlds largest economy.
Todays Labor Department report may show the cost of living the U.S. was little changed in November as gasoline prices fell, economists said. The consumer-price index increased 0.1 percent last month after falling 0.1 percent in October, according to the median economist forecast in a Bloomberg News survey. So- called core prices, which exclude volatile food and energy costs, may have also risen 0.1 percent. The figures are due at 8:30 a.m in Washington.
The S&P 500 has still lost 3.1 percent this week after the Federal Reserve refrained from taking new action to bolster growth. The central bank said the U.S. economy is maintaining its expansion even as the global economy slows...
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