British pound takes a dive


U.S. stocks are down today as the British pound experiences broad swings attributed to computerized trading. The S&P is down 0.26% and the Dow is down 0.19%. Nonfarm payrolls increased 156,000 in September, short of estimates for 176,000.  

Asian stocks finished mixed Friday after the steep fall by the pound weighed on markets there. The Shanghai finished down 0.21% while the Nikkei was up 0.23%.

European markets are mixed today after the early morning flash crash by the pound. The FTSE is up 0.86%, while the DAX is down 0.34%.   

Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.05 to $50.39 per barrel, while natural gas is up $0.05 to $3.10. Metals prices are higher. Gold is up $4.30 to $1,257.30 per ounce and platinum is down $5.00 to $971.30. The Dollar is up versus the Euro and gown against the Yen.

CIT Group Inc.  (CIT), The Gap, Inc.  (GPS) Alnylam Pharmaceuticals, Inc.  (ALNY) are early risers, while Opko Health, Inc. (OPK), Honeywell International Inc. (HON), and Merrimack Pharmaceuticals, Inc.   (MACK) are down. [InvestorsKeyhole, news and data sources]


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