EmailAfter Hours Report
Archive
Last Update: 27-Dec-12 16:43 ET
CPHD +1.0%
The S&P 500 ended the day with minor losses following a volatile session.
Equities began the day on a positive note, but comments from Senate Majority
Leader Harry Reid caused a quick change in sentiment. Speaking from the Senate
floor, Senator Reid said that all signs suggest the country will go over the
fiscal cliff. In addition, the senator said the House of Representatives is
being run as a "dictatorship" by Speaker Boehner. The comments caused the major
averages to fall to their respective lows. However, an afternoon report out of
Washington indicated the House of Representatives will reconvene on Sunday,
December 30 at 18:30 ET in hopes of approving a budget. In response, the major
averages raced off their lows, ending the day little changed after seeing losses
of more than 1.0%.
No companies were scheduled to report earnings after the close.
Futures are lower after hours: S&P 500 futures are -0.1 from fair value of 1413 and Nasdaq100 futures are -2.25 from fair value of 2628.
There are no economic reports scheduled to be released tomorrow before the open.
There are no companies scheduled to report earnings tomorrow before the open.
