Markets struggle for footing

U.S. markets are falling Tuesday morning after finishing down on Monday. The S&P 500 is down 0.35% and the Dow is down 0.29%. 

Despite a Chinese manufacturing index rise, Asian markets were mixed on Tuesday. The Shang Hai Composite was up 0.87%  while the Nikkei was down 0.71%.

European stocks are falling today after a Eurozone purchasing managers index fell to its lowest level of the year. The FTSE is down 1.46%, and the DAX is off 1.45%. 

Energy futures are moving up today. West Texas Intermediate crude oil is $91.48 per barrel, up $0.61 and natural gas is up $0.04. Metals prices are also up. Gold is up $15.30 and platinum is up $16.00. The Dollar is down versus the Euro and the Yen.

CF Industries Holdings, Inc. (CF), Yamana Gold, Inc.  (AUY) and Southwest Airlines Co.  (LUV), are up. Ascena Retail Group Inc.  (ASNA), Shire plc (SHPG) and Dick's Sporting Goods Inc.(DKS) 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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