Market news
08.12.2010, 14:14

Before the bell:

U.S. stocks were poised to open little changed Wednesday as investors took a step back and awaited updates on the tax cut extension deal.
Stocks ended mixed Tuesday as investor optimism over the extension of Bush-era tax cuts faded.

Stocks had been higher through most of the session but lost momentum late in the day after President Obama's comments about tax cuts for those making more than $250,000 a year. At a news conference, he said he would push to have them eliminated after the two-year extension is over.
With little economic news due, investors are still watching the developments of the tax cuts deal.
Companies: Costco (COST) reported an increase in both sales and profit for its fiscal first quarter that beat estimates. Net income rose 17% to $312 million compared to $266 million in the year prior. And earnings per share increased 18% to 71 cents per share. Shares of Costco were slightly lower in premarket trade.
Fortune Brands (FO), maker of Jim Beam whiskey, Titleist golf clubs and home security systems, said it will split into three separate businesses -- retaining its liquor operations, spinning off its home products and security unit and selling its golf properties. Shares rose nearly 4% in premarket trading.
World markets:

Oil for January delivery slipped 63 cents to $88.06 a barrel.
Gold futures for February delivery fell $16.1 to $1392.90 an ounce.
The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 3.24% from 3.13% late Tuesday. The yield was the highest since late June.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location