- Stocks are set to open little changed, as investors continue to express caution that the Fed could soon scale back its bond buys following the new budget deal in D.C.
- Since political dysfunction has been seen as an impediment to growth, some believe the budget deal, along with recent upbeat labor market data, gives the Fed added incentive to start tapering as early as next week's policy meeting.
- Joy Global -5% after missing earnings forecasts and lowering guidance; Mastercard +4% after boosting its dividend, announcing a share buyback and saying it will initiate a 10:1 stock split.
- Stocks in Shanghai and Hong Kong led losses in Asia, while European markets trade mostly higher.
- Treasury prices ease lower; the benchmark 10-year yield ticks up to 2.819%.
Stocks lack definition, investors wary of Fed move after budget deal
Dec 11 2013, 09:20 ET