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Midday Market Report: 1/3

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  • Description

    First day of 2012 on Wall Street

  • Duration 1:42
  • Date

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It's the first day of 2012 on Wall Street there's an -- Wall Street adage that holds some truth historically.

Instead as January goes so goes the year meaning that south end of the month of January higher -- end the year higher 80% of the time.

According to data going back to 1945.

Goldman Sachs is only cautiously optimistic.

The bank predicts the global economy this year -- next will grows slower than in recent years.

Goldman also says growth seen in the fourth quarter in the US will likely not be able to sustain itself.

Throughout the year.

Other panel predicts that the US housing market will bottom out in 2012 and you're up will remain -- negative catalysts.

Another negative rising oil prices starting the year above a 101 dollars a barrel that does not bode well for drivers.

The average family last year shelled out a record 4100.

Bucks to fill up the gas -- How is shopping season may be over about the holiday and returning to see -- then it's not UPS has sent Tuesday January there.

National returned Wednesday the nation's largest shipper expects to move 555000.

-- Paramount Pictures and Tom Cruise are off to a good start for the new year.

Mission Impossible ghost protocol had another number one weekend at the box office bringing in an estimated.

38 million dollars less ticket sales Hollywood is coming off a bad year ticket sales fell 3%.

And attendance fell 4% in 2011.

From this company news log onto foxbusiness.com.

In New York online's amenity.

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