S&P 500 futures fell 5.25 points to 1377.25, NASDAQ futures fell 9 points to 2633.00, and Dow Jones Industrial Average futures lost 32 points to trade just above the significant 13000.00 level at 13001.00.
This year’s mutated corn crop continued to rise 18.60 cents to $8.1700, with grain prices across the board rising as well.
WTI crude futures were unchanged with a drop of 36 cents to $89.77, and gold futures rose 90 cents to $1618.90.
Shaw Group Inc. (SHAW) gained over 50% after Chicago Bridge & Iron Co. agreed to a buyout of the energy services company.
Apple (AAPL) gained over 2% to $598.32, nearing the significant $600 level after releasing positive download data about its Mountain Lion operating system. If the $600 level is broken, I would be tempted to go long this stock.
Facebook Inc. hovered around last week’s lows and traded around the $23.00 level.
David Cornes holds a degree in economics from the University of Montana.