U.S. stock futures were modestly lower ahead of the opening bell Tuesday.
The S&P has managed gains in December for 24 of the past 30 years, but with the index up 27% so far in 2013 investors are ready to take a break.
“It’s likely that markets will be in a holding pattern as we head into the business end of the week that starts with ADP employment tomorrow, the ECB on Thursday and ending with payrolls on Friday,” wrote Deutsche Bank analyst Jim Reid, in a market report.
U.S. stocks slipped Monday as disappointing Black Friday sales weighed on retailers, and an upbeat manufacturing report revived talk that the Federal Reserve could begin scaling back its massive stimulus program as early as this month.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.