U.S. markets are down slightly this morning after yesterday’s rally spurred by rising oil prices. The S&P 500 is down 0.26% and the Dow is down 0.11%.
Asian markets were mixed Wednesday as strong corporate earnings lifted Japanese stocks. The Shanghai Composite was down 0.96% while the Nikkei rose 1.98%.
In Europe, markets are lower today with continuing uncertainty over the Greek debt situation leaving investors nervous. The FTSE is down 0.55% and the French CAC 40 is down 0.27%.
Energy futures are down this morning. The price for West Texas Intermediate crude oil is down $1.39 to $51.66 per barrel, and natural gas is down $0.02. Metals prices are higher today. Gold is up $8.70 and platinum is up $8.90. The Dollar is up versus the Euro and down against the Yen.
Akamai Technologies, Inc. (AKAM), Office Depot, Inc. (ODP) and Petróleo Brasileiro S.A. – Petrobras (PBR), are early risers, while Myriad Genetics Inc. (MYGN), Peabody Energy Corp. (BTU), and Gilead Sciences Inc.(GILD) are down.
Michael Haden is an Options Analyst at InvestorsObserver. He graduated from James Madison University in 1986 with a degree in Marketing. In two decades with Standard & Poor’s, Michael honed his analytical skills in the Financial Industry. He has a conservative view toward investing and prefers value stocks to high-fliers with big risk..