The first trading day of the holiday shortened trading week opens today with investors sending stocks lower as talks to avert the fiscal cliff seem to have stalled.
Good morning, this is Kristin Bianco with the Week Ahead Market Report for December 24, 2012.
In overseas trading, Japan's Nikkei 225 Stock Average was lower by about one percent, the Hang Seng was higher by about 0.16 percent. The FTSE 100 was higher by about a quarter of a percent and the German DAX was lower by about half of one percent.
On the earnings front, expect to hear from Dynasil (NASDAQ:DYSL) on Wednesday, Bioanalytical Systems (NASDAQ:BASI) on Thursday, and and Rit Technologies (RITT) on Friday.
In economic news, expect to hear data on initial claims on Thursday and pending home sales on Friday.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
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