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*Profit-taking hits 2013' s winners, including Facebook, TripAdvisor. Shares of TripAdvisor lost 5.7 percent to $71.51 a share, and Netflix fell 4.9 percent to $302.30. Both TripAdvisor and Netflix are among the top performers this year on the S&P 500, and Facebook is among the top performers on the Nasdaq 100..
NEW YORK, Oct 8- U.S. stocks dipped on Tuesday, with the year's biggest gainers taking the hardest hits, as the lack of tangible signs of resolution of the fiscal crisis in Washington prompted a flurry of selling.
The prospect of a Grand Bargain in Washington is still alive. An elusive deal could end the shutdown, increase the debt ceiling, and possibly approve the long-delayed Keystone XL.
NEW YORK, Oct 8- U.S. stocks dipped slightly on Tuesday despite signs of slight progress to resolve the fiscal standoff in Washington, although no agreement appeared to be likely soon.
*J.C. Penney jumps on turnaround update. NEW YORK, Oct 8- U.S. stocks were poised for a flat open on Tuesday on faint signs of progress to resolve the fiscal standoff in Washington, although an agreement still remained elusive.
U.S. stock index futures nudged higher Tuesday, with major averages looking to recover after a string of losses, but traders will continue to focus on developments in Washington.
*Earnings season to begin with Alcoa reporting after market close. Amazon.com wins court ruling in CIA contract dispute. "There is no question that anxiety is building within the marketplace over the impasse and the fear that perhaps the unthinkable might happen," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.
*Amazon wins court ruling in CIA contract dispute. NEW YORK, Oct 8- U.S. stock index futures were little changed on Tuesday as small signs of progress began to emerge in the fiscal standoff among politicians in Washington. After the close on Tuesday earnings are expected from former Dow component Alcoa Inc and KFC parent company Yum!
Gregory Harrison, corporate earnings research analyst at Thomson Reuters, discusses the upcoming earnings season for which expectations are low due to high number of negative pre-announcements.
The government shutdown sent the Vix up 13% Monday and traders are bracing for more volatility.
Stocks finished broadly lower Monday, with the Dow hitting a one-month low, as the government shutdown dragged for a second week and as investors grew worried that lawmakers may not be able to increase the debt ceiling, potentially leading to a default.
What happens if we go past October 17? Markets will certainly move lower, and the downside would likely be another five percent.
Some of the names on the move ahead of the open.
*Cooper Tire slumps on buyout squabble. *Alcoa, Yum Brands to report after the close. "Fear is mounting among investors that the upcoming debt ceiling deadline will be handled as poorly as the budget impasse has," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.
U.S. stock index futures were broadly lower Monday, as global markets remained relatively unfazed by the government shutdown, but alarmed by the possibility of a breach of the country's debt ceiling.
*The United States faces a deadline of Oct. 17 to raise its $16.7 trillion debt limit, which could result in a default if not increased. *Apollo Tyres of India and U.S.-based Cooper Tire& Rubber Co disagree over whether Apollo should pay a lower price in its $2.5 billion takeover, the latest hurdle in a deal beset by lawsuits, labor issues and unhappy Apollo investors.
*Comments on China from Burberry CEO weigh on luxury stocks. PARIS, Oct 7- European stocks dropped in early trade on Monday, with one benchmark index hitting a four-week low, as the lack of progress in resolving Washington's budget standoff kept investors on edge.
Earnings season officially starts in the coming week, but the markets will mostly be hostage to the dickering in Washington.
NEW YORK, Oct 4- U.S. stocks are likely to face another week of rising turbulence as efforts to settle the budget dispute in Washington drag on, leaving investors worried about the more critical issue of raising the U.S. debt ceiling.
Stocks finished higher Friday, recovering from the previous day's sharp losses and the Dow reclaiming its footing above 15000 mark, despite Washington's ongoing budget stalemate.