Stocks slipping Wednesday

U.S. markets are down slightly Wednesday morning. The S&P 500 is down 0.04% while the Dow is down 0.01%.

Asian markets were also down Wednesday, after the Chinese government announced a slowing of money supply growth. The Hang Seng was down 1.93% and the Shanghai Composite was down 0.35%.

Following the Asian and U.S. leads, European markets are down this morning. The CAC 40 is down  0.07%, and the DAX is down 0.02%. 

Energy futures are falling Wednesday. West Texas Intermediate crude oil is $92.41 per barrel, down $0.34 and natural gas is down $0.29. Metals prices are mixed. Gold is up $3.20 and platinum is down $1.00. The Dollar is up versus the Euro and the Yen.

21Vianet Group, Inc.(VNET), Lands' End, Inc.(LE) and Family Dollar Stores Inc. (FDO), are rising.  AngloGold Ashanti Ltd. (AU), GT Advanced Technologies Inc. (GTAT) and Krispy Kreme Doughnuts, Inc.  (KKD) are falling today.

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