Markets look to hold ground

U.S. markets are little moved this morning after a steep drop on Wednesday. The S&P 500 is up 0.09% and the Dow is up 0.02%. There were 287,000 initial claims for unemployment during the week of Sept. 27, down from 293,000 the prior week. 

In  Asia, markets were mixed on Thursday with Japanese stocks falling for a third straight day. The Nikkei was down 2.61% and the Shanghai Composite climbed 0.26%.

European markets are mixed this morning. Investors there await news from today’s meeting of the European Central Bank. The FTSE is down 0.07%, and the DAX is up 0.17%. 

Energy futures are mixed today. West Texas Intermediate crude oil is $89.27 per barrel, down $1.46 and natural gas is up a penny. Metals prices are falling. Gold is down $2.70 and platinum is down $17.20. The Dollar is down versus both the Euro and the Yen.

Peabody Energy Corp. (BTU), National Bank of Greece SA(NBG) and Harley-Davidson, Inc.  (HOG), are moving up. Halcon Resources Corp. (HK), Marine Harvest ASA  (MHG) and Constellation Brands Inc. (STZ) are dropping.

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..

You May Also Like