Stock Futures and Oil Fall; Global Anxiety-Machine Churns

[Stocks-to-Watch]

Just when you thought we were out…Greece pulls us back in. New EU money for Greece comes with new conditions, and it’s unclear whether the country will meet those conditions. Protests and a strike in Greece have added to the unsteady political situation in Greece. With the default dance continuing, stocks in Europe fell and stock futures were lower in the U.S. The German DAX fell 1.8%. The International Energy Agency also reduced its oil demand projections by 300,000 barrels per day to 800,000 barrels, sending NYMEX crude futures about $1.50 per barrel lower.

In addition, the U.S. trade gap widened by 3.7% in December to $48.8 billion, above consensus expectations.

Dow futures fell 88 points to 12,754; S&P 500 futures fell 11.7 points to 1,336.6.

Arch Coal (ACI) fell 3.7% after missing analysts’ earnings expectations. LinkedIn (LNKD) rose 8.3% after posting strong earnings.



Original Article Source by Barrons.com