Stocks are heading for losses on Tuesday morning as index
futures sink below recent milestones ahead of major economic data
releases later this week.
(INDEXDJX:.DJI) was set to open below the psychological threshold
of 16,000 this morning. Futures on the index were down 0.39% at
15,935.00 while futures on the
(INDEXSP:.INX) fell 0.26% to 1,795.00.
(INDEXNASDAQ:.IXIC) futures sank 0.12% to 3,478.75.
) shares were up 0.8% this morning. The move could be explained by
UBS analysts upgrading the company to a Buy from Neutral. Also, it
was reported late yesterday that Apple acquired Topsy, a social
media analytics company for about $200 million. Topsy uses
) to find popular trends. It isn't yet clear what Apple plans to do
) could see heavy trading as automakers release sales figures for
November. Economists predict that the pace of total vehicle sales
will rise to an annualized 15.7 million from 15.2 million. Domestic
sales are projected to rise to 12.3 million. Chrysler, which is
(OTCMKTS:FIATY), saw sales increase 16% last month, boosted by
Black Friday sales. Fiat is aiming to spin off Chrysler and take it
Gamers are buying up consoles by the millions.
) PlayStation 4 sold 2.1 million units since hitting the shelves.
It is on track to meet sales estimates of 3 million by the end of
the year. The console launched in Europe over last weekend, where
it sold 700,000 units, beating
) Xbox One, which launched in all markets earlier.
Yesterday, mobile phone transactions for Cyber Monday sales climbed
16% from a year ago to $2.29 billion. Mobile sales accounted for
almost a fifth of total sales.
Overseas markets were in the red as well this morning. Spain
reported that the number of citizens filing for jobless claims fell
by 2,475 in November to 4.8 million. Over the past year, that
number is down by almost 100,000. This was the first-ever November
drop in the number of jobless Spaniards.