Futures were higher Tuesday, amid hopes of progress toward resolution of the "fiscal cliff" in Washington.
Two-thirds of chief executives and chief financial officers from around the world view the euro zone crisis as an opportunity to gain competitive advantage over rivals, according to a survey by global consultancy firm Accenture.
The S&P 500 is set to fall another 8 percent by the end of the year, on top of the 7 percent decline seen since the year’s high reached in September, according to a new strategy note by Goldman Sachs.
U.S. stocks markets’ poor performance since November is due to an already present “profits cliff,” not a future “fiscal cliff,” Societe Generale strategist Albert Edwards said in a note on Wednesday.
U.S. markets may rally once more before slumping for the subsequent six to 18 months, according to a research note by Nomura Strategist Bob Janjuah.
The fiscal cliff — the $600 billion of automatic tax hikes and spending cuts due at the end of this year — is “simply not going to happen”, Sen. Bob Corker told CNBC.