U.S. stocks are falling today as volatility in China pulls global markets down. The S&P 500 is down 2.17% and the Dow is down 2.16%. There were 277,000 initial claims for unemployment for the week of January 2, down from 287,000 the prior week.
In Asia, markets finished down Thursday after circuit breakers kicked in to close the Chinese exchange for its shortest session in history The Shanghai Composite was down 7.04%, and the Nikkei was down 2.33%.
European markets are lower today after the troubles in China. The FTSE is down 2.70%, while the DAX is down 3.29%.
Energy futures are down today. The price for West Texas Intermediate crude oil is down $1.14 to $32.83 per barrel, while natural gas is down $0.03 to $2.30. Metals prices are mixed this morning. Gold is up $11.50 to $1,103.40 per ounce and platinum is down $3.30 to $871.70 an ounce. The Dollar is down versus the Euro and the Yen.
Energous Corporation (WATT), FXCM Inc. (FXCM), and NovaGold Resources Inc. (NG) are early risers, while Finish Line Inc. (FINL), Whiting Petroleum Corp. (WLL) and JinkoSolar Holding Co., Ltd.(JKS) are down. [InvestorsKeyhole, news and data sources]