U.S. equity futures turned higher Friday evening, ahead of a statement by President Barack Obama about negotiations over tax increases and spending cuts set to go into effect next year.
Futures for the S&P 500 Index SPH3 -1.57% rose 3 points and those for the Dow Jones Industrial Average DJH3 -1.62% gained 24 points shortly before Obama began to address reporters Friday evening at the White House.
The president said he’s optimistic a bipartisan budget deal can be reached before Jan. 1. Senate leaders said they’ll work until midday Sunday toward a compromise to avoid the so-called fiscal cliff.
Obama said if no bipartisan deal can be reached that Democrats would force a vote on the White House’s own plan.
S&P 500 futures had lost 25 points, and futures for the Dow Jones Industrial Average had been down more than 200 points during the evening trading session, falling after the meeting between Washington leaders came to an end without any announcement of a budget deal.
The budget meeting finished after the close of the regular trading session on Wall Street, but no one immediately made statements after its conclusion. Read: Obama, leaders in last grasp for cliff deal.
The SPDR S&P 500 Trust exchange-traded fund SPY -0.54% pared losses Friday evening, moving down 0.6%.
Elsewhere in late trading, shares of Bristol-Myers Squibb Co. BMY -0.75% rose 2% to $32.55 after the U.S. Food and Drug Administration approved an anticlotting drug developed by the company and Pfizer Inc. Shares of Pfizer PFE -0.99% also rose, by 0.6% to $25.04.
Eliquis, an oral tablet, was developed to lower the risk of stroke in patients with a heart-rhythm disorder called atrial fibrillation. The approval was the fourth for the treatment in less than two months. See: FDA OKs Bristol-Myers, Pfizer anticlotting drug.
Ahead of the late session, U.S. stocks closed sharply lower on worries about the lack of a budget deal just days ahead of the deadline. The roughly $600 billion of tax increases and spending cuts threatens to pull the world’s largest economy into recession, economists have warned. See: U.S. stocks sink as hopes for fiscal deal dwindle.
The Dow Jones Industrial Average DJIA -1.21% dropped 158 points, or 1.2%, at 12,938. The S&P 500 Index SPX -1.10% fell 1.1% at 1,402.43 and the Nasdaq Composite Index COMP -0.86% gave up 0.9% to end at 2,960.31. The indexes closed lower for the holiday-shortened week.
Stock Futures at this moment
Americas
Index Future Future Date Last Net Change Open High Low Time
DJIA INDEX Mar13 12,777.00 -226.00 13,025.00 13,045.00 12,785.00 17:15:00
S&P 500 Mar13 1,384.00 -26.70 1,415.00 1,416.50 1,383.00 17:14:56
NASDAQ 100 Mar13 2,586.00 -36.50 2,620.25 2,630.00 2,582.00 17:15:00
发表于 2012-12-28 19:55
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发表于 2012-12-28 20:49
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