FKLI Related News

Global equity markets fell and the euro slid against the dollar on Thursday after data showed the euro zone slipped deeper into recession in late 2012 than had been expected, but deal-making helped Wall Street close near break-even. Sugar and cocoa prices fell on Thursday as did prices of gold and silver, but the commodities behind some of Valentine's Day gifts have taken different paths from three years ago, with the sweets lower and the shiny items higher in price. Oil prices edged up on Thursday as fears about U.S. gasoline supply pulled the complex higher, overshadowing concerns of weakening economic output in the euro zone.           [Reuters]

NEW YORK (Reuters) - The S&P 500 eked out a small gain for a third straight session on Thursday, helped by a flurry of merger activity, though investors see no catalysts to lift the market further with major averages near multi-year highs. The market's slowed advance took the S&P 500 to its highest intraday level since November 2007 on Wednesday. While the index notched its third straight day of gains, none was more than 0.2 percent.

Shares of H.J. Heinz Co (HNZ) jumped 20 percent to $72.50 after it said Warren Buffett's Berkshire Hathaway (BRK-B) and 3G Capital will buy the food company for $72.50 a share, or $28 billion including debt. Berkshire's class B shares rose 1.3 percent to $99.21. Also supporting the market was data showing the number of Americans filing new claims for unemployment benefits fell more than expected in the latest week. The CBOE Volatility index (.VIX) fell 2.4 percent, dropping to 12.67.

Stocks fell earlier after a report the euro zone's gross domestic product contracted by the steepest amount since the first quarter of 2009. In addition, Japan's GDP shrank 0.1 percent in the fourth quarter, crushing expectations of a modest return to growth. The Dow Jones industrial average (^DJI) was down 9.52 points, or 0.07 percent, at 13,973.39. The Standard & Poor's 500 Index (^GSPC) was up 1.05 points, or 0.07 percent, at 1,521.38. The Nasdaq Composite Index (^IXIC) was up 1.78 points, or 0.06 percent, at 3,198.66.

Volume was light, with about 6.36 billion shares changing hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, below the daily average so far this year of about 6.48 billion shares.

Today's Support and Resistance for FKLI February contract is located around 1,610 and 1,630 respectively