Market Happenings For Monday, December 31, 2012

Premarket, futures are up. Gainers this morning include BMY, CCL, INTC, AMD and ETFC while losers include COG, WIN, RF, YUM and WHR.

The Market

On this last day of 2012, all investors want is a fiscal cliff deal. Period.

Asian stocks were up on strong manufacturing data out of China. The Shanghai Composite, one of the world’s worst performing indexes, managed to eke out a 3% gain for the year and the Nikkei, which was closed Monday, ended the year with a 20% gain.

U.S. stocks closed lower for the fifth straight day Friday, ending the week down nearly 2%.

Earnings Reports

Earnings reports (estimates): CALM-Cal-Maine Foods ($0.90).

Financial Calendar

0900 ET Dec Milwaukee NAPM, Nov 45.5.

1030 ET Dec Dallas Fed manufacturing activity, Nov -2.8.

1100 ET USDA weekly grain export inspections.

n/a U.S. Bush tax cuts expire.

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