U.S. stocks edge higher early


U.S. stocks are higher this morning after Wednesday saw the Dow fall 500 points before rebounding to close down 249 points. The S&P 500 is up .19% and the Dow is up 0.05%. There were 293,000 initial claims for unemployment in the week of January 16, up from 283,000 the week before.

Asian markets were down Thursday as Chinese markets move further into bear market territory. The Shanghai Composite fell 3.23%, and the Nikkei was down 2.43%.

European stocks are higher today with a speech from European Central Bank President Mario Draghi scheduled for later today. The FTSE is up 0.65%, while the DAX is up 0.83%.   

Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.39 to $27.96 per barrel, while natural gas is up less than a penny to $2.13. Metals prices are mixed today. Gold is down $5.80 to $1,100.40 per ounce and platinum is up $2.40 to $821.60 an ounce. The Dollar is up versus the Euro and the Yen.

FireEye, Inc.(FEYE), Oracle Corporation (ORCL), and Adobe Systems Incorporated(ADBE) are early risers, while Deutsche Bank AG(DB), Petróleo Brasileiro S.A. – Petrobras (PBR) and JD.com, Inc. (JD) are down. [InvestorsKeyhole, news and data sources]


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