Good morning from the business news desk of the Star Tribune.
It's the start of week two of the quiet holiday period. U.S. stock futures are up as the market looks to continue the so-called Santa Claus rally that tends to occur at the end of the year as investors reshape their portfolios. Asia stocks were mixed, with markets in China trading lower and the rest of the region higher. European stocks are lower heading into the afternoon there.
We're light on business news and deals again this morning in Minnesota and around the country. JP Morgan placed Best Buy on its list of nine "value" stocks, despite the more than tripling of BBY's shares in 2013. In economic data, we'll see some more real estate data -- November pending home sales -- at 9 and the Dallas Fed manufacturing survey at 9:30.
The electronics manufacturers and automakers are going to be in the headlines for the next couple of weeks as 2014 begins, as all years do, with the Consumer Electronics Show in Las Vegas followed by the Detroit Auto Show. Already, companies are starting to leak out plans for product introductions.
Rally in cattle prices...