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  • thujonzkeleeyzsuperfuntime thujonzkeleeyzsuperfuntime Dec 28, 2012 5:09 PM Flag

    13.01 AH lmfaoooooooo more pain next week futures already down over 215 points!

    have fun bagholderz!

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    • There are no futures for Monday yet.

      • 1 Reply to tommy565687
      • thujonzkeleeyzsuperfuntime thujonzkeleeyzsuperfuntime Dec 28, 2012 5:15 PM Flag


        Dec. 28, 2012, 5:11 p.m. EST
        Stock futures fall after hours on fiscal fears
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        By Carla Mozee, MarketWatch
        LOS ANGELES (MarketWatch) — U.S. equity futures fell Friday evening, with a meeting between leaders in Washington coming to an end without any announcement of a budget deal.

        Futures for the S&P 500 Index SPH3 -1.82% fell 25 points and those for the Dow Jones Industrial Average DJH3 -1.62% dropped 208 points.

        A meeting between President Barack Obama and congressional leaders to avoid spending cuts and tax increases set for Jan. 1 finished after the close of the regular trading session on Wall Street. The meeting lasted about 70 minutes, but no one made statements after its conclusion. Read: Obama, leaders in last grasp for cliff deal.

        Click to Play
        Here’s a House Republican who wants to raise revenue
        Rep. Scott Rigell of Virginia explains why increasing revenues through tax reform is an imperative.

        The SPDR S&P 500 Trust exchange-traded fund SPY -1.08% also fell Friday evening, moving down 0.8%.

        U.S. stocks closed the day session sharply lower following a report that Obama didn’t have a new offer to present to congressional leaders at their meeting. Earlier reports indicated that the president would put forth a scaled-back budget package. See: U.S. stocks sink as hopes for fiscal deal dwindle.

        The roughly $600 billion of tax increases and spending cuts threatens to pull the world’s largest economy into recession, economists have warned.

        The Dow Jones Industrial Average DJIA -1.21% lost 158 points, or 1.2%, at 12,938. The S&P 500 index SPX -1.10% fell 1.1% to 1,402.43 and the Nasdaq Composite COMP -0.86% gave up 0.9% to end at 2,960.31. The indexes closed lower for the holiday-shortened week.

1.14+0.01(+0.88%)2:28 PMEDT