Stocks: Little to cheer as holiday begins

  @CNNMoneyInvest December 24, 2012: 8:14 AM ET
sp 8am

Click the chart for more premarket data.


There won't be much for investors to cheer on Christmas eve, with little in the way of news to halt the recent slide for U.S. stocks.

U.S. stock futures were lower ahead of the open, following a broad decline in stocks Friday due to the gridlock in Washington talks aimed at avoiding the fiscal cliff.

Expect low trading volumes on Monday with markets in the U.S. closing at 1 p.m. for the holiday, which could cause some volatility.

Related: What happens to stocks if we go over fiscal cliff?

President Obama spoke about fiscal cliff negotiations Friday evening, before leaving for the holiday, urging a scaled back deal that would stop taxes from rising on 98% of Americans -- something both sides say they want.

But there is likely to be little progress on a deal Monday, with members of Congress at home for the Christmas holiday.

Fear & Greed Index

Most federal offices and many businesses were closed on Monday. So there is nothing in the way of economic reports or corporate news scheduled for release.

European markets were steady in a shortened trading session, with markets in Germany closed. Italy's Mario Monti said at the weekend he may consider a second term as prime minister if asked by parties committed to the economic reforms he began over the past 12 months.

Asian markets ended slightly higher, while markets in Japan were closed. To top of page

Join the Conversation
Sponsored by
Index Last Change % Change
Dow 16,424.85 162.29 1.00%
Nasdaq 4,086.23 52.07 1.29%
S&P 500 1,862.31 19.33 1.05%
Treasuries 2.64 0.01 0.34%
Data as of 8:20pm ET
Company Price Change % Change
Bank of America Corp... 16.13 -0.26 -1.59%
Facebook Inc 59.72 0.63 1.07%
Yahoo! Inc 36.35 2.14 6.26%
Intel Corp 26.93 0.16 0.60%
Alcoa Inc 13.42 0.37 2.84%
Data as of 4:02pm ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.41%4.44%
15 yr fixed3.33%3.31%
5/1 ARM3.34%3.55%
30 yr refi4.39%4.41%
15 yr refi3.31%3.30%
View rates in your area
Find personalized rates:
Rate data provided
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.