Futures mixed with hours left before fiscal cliff

Futures mixed with hours left before fiscal cliff

Futures mixed with hours left before fiscal cliff

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Associated Press

Posted on December 31, 2012 at 6:34 AM

Updated Monday, Dec 31 at 8:58 AM

NEW YORK (AP) — Stock futures are mixed on the year's final day of trading, with lawmakers trying to push through a last-minute deal on the budget.

Dow Jones industrial futures are up 3 points to 12,780. The broader S&P futures have added 2.1 points to 1,386.10. Nasdaq futures are down 3 points to 2,583.

There is a shortened day for bond trading Monday, but it's a full day for the stock markets. Volume is very low, however.

There are now just hours to go before the midnight deadline for the nation's so-called "fiscal cliff," if no deal is reached.

More than $500 billion in 2013 tax increases would begin to take effect and $109 billion would be slashed from defense and domestic programs.

Senate Majority Leader Harry Reid says negotiations are ongoing.

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