Tuesday Mid-Day Movers: 3 Stories Driving Markets
The markets were mixed on Tuesday afternoon. Earnings are in focus right now, with companies like Google (NASDAQ:GOOG) announcing their fourth-quarter results after the bell, and Verizon (NYSE:VZ) missing estimates with its morning release.
At 2:21 p.m.: DJIA: +0.32%, S&P 500: +0.26%, NASDAQ: +0.07%.
1) House Republicans will vote on Wednesday to pass a fourth-month extension of the debt ceiling. The deal would allow the government to meet its obligations through May 19, hopefully giving Congress enough time to reach a consensus on spending cuts.
The bill would withhold lawmaker’s pay until next year if a budget is not passed by April 15. The Senate, currently Democratically controlled, has not passed a budget in four years because there is no punitive incentive to do so. Democrats have already expressed concern over the Republican proposal… (Read more.)