Stocks point towards higher open

 

Stocks in the United States are trading higher in pre-market activity Tuesday, continuing Monday’s rally.

Stocks in Hong Kong bounced back from a big drop on Monday to finish with gains for Tuesday. The Hang Seng gained 2.79% on the day, while the Shanghai Composite added 1.82%.

In Europe markets are mixed as earnings helped traders in Germany and France overcome worries about the situation in Greece. In London, stocks fell as oil prices made a new move downward.

Energy futures are mixed this morning. The price for West Texas Intermediate crude oil is down $0.28 to $56.10 per barrel, while natural gas is up $0.04 to $2.58. Metals prices are mixed this morning. Gold is down $0.10 to $1,193.40 per ounce and platinum is up $14.00 to $1,162.10. The Dollar is up versus the Euro and the Yen.

Mylan (MYL), Kimberly-Clark (KMB)  and Bristol-Myers Squibb(BMY) are early risers, while Hormel Foods (HRL), Travelers Cos. (TRV)  and Perrigo Company PLC (PRGO) are down. [InvestorsKeyhole, various news and data sources]

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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