December 31 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Tuesday, Dec. 31:
1.-- Today is New Year's Eve, the last trading session and the last day of the calendar year 2013 -- but you knew that already. Tomorrow is New Year's Day, Wednesday, Jan. 1, a national holiday, and the markets will be closed.
2.-- In the economic calendar in the U.S. for Tuesday: The Case Schiller home prices index is due at 9 a.m.; the release of the Chicago Purchasing Managers Index survey results are scheduled for 9:45 a.m.; and the Consumer Confidence Index survey results are scheduled for 10 a.m.
3. -- U.S. stock futures are pointing to a flat open and trading is expected to be light.
4.-- U.S. stocks on Monday closed flat amid light trading, the penultimate session for what is expected to be the best year for stocks since 1997. The S&P 500 is up 29% on the year and many investment strategists another gain in 2014.
However, the S&P finished down 0.02% Monday at 1,841.07. The Dow Jones Industrial Average was up 0.16% to 16,504.29, boosted by Walt Disney
5.-- Shares of Crocs
Crocs also announced CEO John McCarvel is retiring and giving up his board seat in April.
6.-- The Stoxx Europe 600 index rose 0.2% to 327.71. The German DAX 30 index fell 0.4%. The FTSE 100 index rose nearly 0.3% to 6,741.44, a gain of 14% for 2013.
Hong Kong's Hang Seng Index was up 0.3%. Japan's markets were closed Tuesday and for the remainder of the week.
7.-- Warren Buffett's firm Berkshire Hathaway
8.-- Adults' enthusiasm for Facebook
9.-- The Washington Redskins fired coach Mike Shanahan and eight assistant coaches. According to ESPN, the Redskins were 24-40 under Shanahan's leadership. In a statement quoted by the news service, owner Dan Snyder said, "Redskins fans deserve a better result."