Stocks bounce back

After climbing on Tuesday, U.S. markets are barely moving Wednesday morning. The S&P 500 is up 0.01% and the Dow is up 0.05%. Consumer prices increased 0.2% in August following a 0.1% increase in July. At 2:00 p.m. today Janet Yellen will deliver the Federal Reserve’s decisions on interest rates.

In Asia, markets were mixed Wednesday as China’s central bank pumped $81 billion into the country’s banks. The Hang Seng was up 1.00%  and the Nikkei was down 0.14%.

European stocks are moving up today  after yesterday’s rise in U.S. markets and the stimulus in China. The FTSE is up  0.10%, and the DAX is up 0.44%. 

Energy futures are mixed today. West Texas Intermediate crude oil is $94.37 per barrel, down $0.51 and natural gas is up $0.02. Metals prices are also mixed. Gold is up $0.30 and platinum is down $1.30. The Dollar is down versus the Euro and up against the Yen.

United States Steel Corp.(X), AK Steel Holding Corporation  (AKS) and Endo International plc (ENDP), are up.  Rackspace Hosting, Inc.  (RAX), Sony Corporation (SNE) and General Mills, Inc.(GIS) 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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