Futures mixed with hours left before fiscal cliff

Futures mixed as lawmakers try to hammer out deal with only hours left before fiscal cliff

Associated Press
AP Sources: 'Fiscal cliff' deal emerging
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The moon rises behind the U.S. Capitol Dome in Washington as Congress works into the late evening, Sunday, Dec. 30, 2012 to resolve the stalemate over the pending "fiscal cliff." (AP Photo/J. David Ake)

NEW YORK (AP) -- Stock futures are mixed on the year's final day of trading, with lawmakers trying to push through a last-minute deal on the budget.

Dow Jones industrial futures are up 3 points to 12,780. The broader S&P futures have added 2.1 points to 1,386.10. Nasdaq futures are down 3 points to 2,583.

There is a shortened day for bond trading Monday, but it's a full day for the stock markets. Volume is very low, however.

There are now just hours to go before the midnight deadline for the nation's so-called "fiscal cliff," if no deal is reached.

More than $500 billion in 2013 tax increases would begin to take effect and $109 billion would be slashed from defense and domestic programs.

Senate Majority Leader Harry Reid says negotiations are ongoing.

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