Stocks continue post-Fed slide

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Futures trading indicates a lower open for stocks in the U.S. Thursday, continue yesterday’s post-Federal Reserve announcement trend. The S&P 500 is down 0.13%, while the NASDAQ is up 0.20%. The Dow Jones is down 0.01%.

Asian stocks were mixed Wednesday, with Chinese stocks falling, while Japanese issues ticked higher. The Shanghai fell 0.73% and the Hang Seng was down 1.77%. The Nikkei rose 0.10%.

European stocks are higher on the whole. The FTSE is virtually unchanged, while the DAX is up 0.38%. The Euronext 100 is up 2.36%.

Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -0.29 at 50.75 per barrel. Brent crude is up 0.02 at 53.92 per barrel. Natural Gas is down -0.05 at 3.49. Precious metals are down this morning. Gold is down -13.75 at 1129.2 per ounce. Platinum is down -11.07 at 913.91 while silver is down -1.11 at 16.12. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen and up against the Pound.

Eli Lilly (LLY),Welltower (HCN),and Duke Energy (DUK) are early risers, while Hewlett Packard Enterprises (HPE), DTE Energy (DTE),and KeyCorp (KEY) are down. [InvestorsKeyhole, various news and data sources]

Symbols: DTE DUK HCN HPE KEY LLY
Bobby Raines

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.

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