Futures Dip as Traders Lock-In '13 Gains

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Published December 10, 2013

| FOXBusiness

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U.S. stock-index futures fell slightly Tuesday as traders were cautious to make big bets at the end of what has been a blockbuster year for Wall Street.

Today's Markets

As of 8:00 a.m. ET, Dow Jones Industrial Average futures fell 29 points, or 0.18%, to 15997, S&P 500 futures dipped 2.3 points, or 1.1%, to 1807 and Nasdaq 100 futures slipped 3 points, or 0.09%, to 3515.

The S&P has surged 27% this year, as investors have benefited from the Federal Reserve's massive bond-buying program and bottom-line growth in corporate America. The pace on the Street has slowed down this week amid a dearth of economic data. The broad-market average is also trading at record highs. 

There are no major economic reports due out. However, the final Volcker rule is due out at 9:30 a.m. ET. The rule, which was established in the wake of the 2008 financial crisis, will make it so banks can't trade with their own money and take on other risky behavior. 

Fifth & Pacific (FNP) said it would sell its Lucky Brand Jeans business for $225 million. Lululemon Athletica (LULU) said Chip Wilson, its non-executive chairman, will step down. The Treasury Department sold its remaining holdings in General Motors (GM). 

In commodities, U.S. crude oil futures jumped $1.21, or 1.2%, to $98.54 a barrel. Wholesale New York Harbor gasoline rose 0.79% to $2.697 a gallon. Gold gained $13.60, or 1.1%, to $1,248 a troy ounce.

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http://www.foxbusiness.com/markets/2013/12/10/futures-dip-as-traders-lock-in-13-gains-1312199879/