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Stocks Mixed as Fiscal Cliff Approaches
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FBN's Lauren Simonetti on stocks impacting the afternoon markets.
- Duration 1:31
- Date Dec 19, 2012
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FBN's Lauren Simonetti on stocks impacting the afternoon markets.
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Our stocks now every fifteen minutes Lawrence and -- -- the floor New York Stock Exchange Lauren looks like government going to be taken out of government motors.
General Motors it becomes stocks up eight and a quarter percent right now excellent news for the stock.
As -- is gonna tell you guys and General Motors is gonna buy back 200 million of its shares in the treasury department for five and a half billion dollars.
As so that's why the stock is up also they're gonna unwind their complete -- probably over the next fifteen months.
For stocks overall we have this tight trading more or less kind of uncertain sentiment going on.
The -- however is that US housing permits best level in just about four and a half years even German business confidence -- pretty strong.
Still we had two big days of gains for the Dow and S&P 500 especially.
Although the NASDAQ was going on yesterday as well so many -- -- -- let's digest these big earnings that we got.
Back to below are just a quick follow up you know I was watching the futures from -- 4:30 this morning -- and they have partly until nicely then.
They -- we head south is it more -- fears main.
-- Mentioning that this clip.
More than they have in previous days today -- was basically saying when he get back to back triple digit bump on the -- and more than one we're saying gains.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- To -- so that the plan every month plus in the dollar that's the other thing it's really down today the Euro at about in nine months -- -- still -- we're getting.