Markets look for traction

U.S. markets are up slightly this morning following a sharp drop on Tuesday. The S&P 500 is up 0.26% while the Dow is up 0.17%. The minutes from the September Federal Reserve meeting will be released at 2:00 p.m. 

Asian markets were mixed Wednesday as Hong Kong stocks broke a three day positive run. The Nikkei was down 1.19% and the Shanghai Composite rose 0.80%.

In Europe, markets are down, with the DAX dropping below 9,000 on Tuesday. The FTSE is down 0.12%, and the DAX is down 0.44%. 

Energy futures are falling today. West Texas Intermediate crude oil is $88.32 per barrel, down $0.53 and natural gas is down $0.06. Metals prices are up. Gold is up $4.50 and platinum is up $13.40. The Dollar is up against the Euro and the Yen.

Chimerix, Inc. (CMRX), Symantec Corporation(SYMC) and Pandora Media, Inc.  (P), are up in premarket trading. Analog Devices, Inc. (ADI), SAP SE  (SAP) and Sears Holdings Corporation (SHLD)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..

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