NEW YORK (TheStreet) -- Only three trading sessions left in 2013 but the "Santa Claus" rally, which propelled the Dow Jones Industrial Average to a record closing high on Thursday, is looking as if it may be running out of juice.
- Futures for the S&P 500 were falling on Friday, losing 0.09% to 1,834.80. The Dow had shed 0.04% to 16,415, while Nasdaq futures were off 0.01% to 3,581.50.
- Even so, the equity markets look to be closing in on a stellar year, bolstered by ongoing Federal Reserve stimulus and the return of a robust U.S. economy. Year to date, the Dow has soared 25.76%, the S&P 500 gained 29.16% and the Nasdaq popped 38.01%.
- Global markets are ending the week on a high, with the FTSE 100 0.6% higher, France's CAC 40 adding 0.95% and Germany's DAX up 0.76%.
- European markets were strengthened on the announcement the European Central Bank and Bank of England will leave interest rates at record lows for the foreseeable future.
- A computer glitch on Thursday sparked an unintentional sale on Delta's (DAL) - Get Delta Air Lines, Inc. Report website, offering flights as low as $12.83. The airline said it would honor the discounted tickets sold.
- Textron (TXT) - Get Textron Inc. Report has added 2.2% to $37 in pre-market trading on the news it has agreed to pay $1.4 billion to acquire Beechcraft. The acquisition will see Textron, a relatively small plane maker, rapidly expand its manufacturing portfolio including the addition of Cessna planes and Bell helicopters.
- China's quality control group, the General Administration of Quality Supervision, Inspection and Quarantine, said Friday it would recall more than 1.46 million General Motors (GM) - Get General Motors Company Report vehicles beginning Monday. The U.S. automaker, and its Chinese partner SAIC Motor Corp, are to recall inventory with defective fuel-pump brackets. After gaining 1.6% on Thursday, GM stock has shed 0.24% to $41.42 before the bell.
--Written by Keris Alison Lahiff.