U.S. GDP grows

U.S. markets are down early Wednesday morning. The S&P 500 is down 0.45% and the Dow is down 0.42%. The ADP Employment Change report indicated 218,000 jobs added in July, down from 281,000 the previous month. GDP grew by 4%, better than the 3.7% predicted.

In Asia, markets were mostly up as Hong Kong stocks continued their seven-day run. The Hang Seng was up 0.37% while the Nikkei was up 0.18%.

European stocks moved down slightly this morning as markets began to feel the effects of sanctions on Russia. The FTSE is down 0.07%, and the CAC 40 is unchanged.

Energy futures are mixed today. The West Texas Intermediate crude oil price per barrel is at $101.35, up $0.38 and natural gas is down $0.03. Metals prices show little movement. Gold and platinum are both unchanged. The Dollar is up against both the Euro and the Yen.

Twitter, Inc (TWTR), United States Steel Corp. (X), and Pitney Bowes Inc. (PBI), are up today. Buffalo Wild Wings Inc. (BWLD), Penn West Petroleum Ltd. (PWE), and Green Plains Inc. (GPRE) 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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