Following a steep slide last week, U.S. stocks headed for a largely flat open Monday. Wall Street was trying to find out any insights that could figure how consumers are faring amid an economic slowdown. This week's reports could reveal the extend, to which concerns about rising prices, continued weakness in the housing market and an economic slowdown might be denting consumer spending.
Wall Street, a barometer of the economy, is impatient to find out, how well consumers are holding up as consumer spending comprises more than two- thirds of U.S. economic activity. Corporate deal-making came into a focus over the weekend. 44.6 USD takeover offer from Microsoft Corp. has been rejected by Yahoo Inc. Standard & Poor's 500 index futures rose 2.70, or 0.20 percent, to 1,333.00, and the Nasdaq composite index futures rose 2.50, or 0.14 percent to 1,779.00. Last week, Standard & Poor's 500 index declined 4.60 percent, and the Nasdaq composite index dropped 4.50 percent.
Dow Jones industrial average futures rose by 22, or 0.18 percent, to 12,199. Last week, the Dow fell by 4.40 percent. It is 14 percent below its Oct. 9 record close of 14,164.53, but about 4.7 percent above 15- month lows it hit in January. Bond prices rose to 3.66 percent from 3.65 percent late Friday. Light, sweet crude oil fell 2 cents to 91.75 USD per barrel. While the gold prices rose, was the dollar mixed against other major currencies. Japan's Nikkei stock average was closed for a holiday. Hong Kong's Hang Seng index finished down at 3.64 percent. Britain's FTSE 100 fell 0.51 percent. Germany's DAX index slid by 0.02 percent, and France's CAC- 40 fell by 0.17 percent.
By: Zuzana Krskova; Edited by: Maria Vidlickova
These news are brought to you by CantellTV, it's technology partner SigEx Telecom and it’s founder Christopher M. Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.
Wall Street, a barometer of the economy, is impatient to find out, how well consumers are holding up as consumer spending comprises more than two- thirds of U.S. economic activity. Corporate deal-making came into a focus over the weekend. 44.6 USD takeover offer from Microsoft Corp. has been rejected by Yahoo Inc. Standard & Poor's 500 index futures rose 2.70, or 0.20 percent, to 1,333.00, and the Nasdaq composite index futures rose 2.50, or 0.14 percent to 1,779.00. Last week, Standard & Poor's 500 index declined 4.60 percent, and the Nasdaq composite index dropped 4.50 percent.
Dow Jones industrial average futures rose by 22, or 0.18 percent, to 12,199. Last week, the Dow fell by 4.40 percent. It is 14 percent below its Oct. 9 record close of 14,164.53, but about 4.7 percent above 15- month lows it hit in January. Bond prices rose to 3.66 percent from 3.65 percent late Friday. Light, sweet crude oil fell 2 cents to 91.75 USD per barrel. While the gold prices rose, was the dollar mixed against other major currencies. Japan's Nikkei stock average was closed for a holiday. Hong Kong's Hang Seng index finished down at 3.64 percent. Britain's FTSE 100 fell 0.51 percent. Germany's DAX index slid by 0.02 percent, and France's CAC- 40 fell by 0.17 percent.
By: Zuzana Krskova; Edited by: Maria Vidlickova
These news are brought to you by CantellTV, it's technology partner SigEx Telecom and it’s founder Christopher M. Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.
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