U.S. markets are starting lower today after rising oil prices lifted stocks on Wednesday. The S&P 500 is down 0.37% and the Dow is down 0.31%. There were 294,000 initial claims for unemployment for the week of 4/11, up from 281,000 the prior week.
Asian markets finished higher Thursday as Hong Kong stocks continued to climb. The Hang Seng rose 0.45% while the Nikkei was up 0.08%.
In Europe markets are slipping today as investors’ concern over Greek debt resurfaces. The FTSE is down 0.39% while the CAC 40 is down 0.47%.
Energy futures are lower. The price for West Texas Intermediate crude oil is down $0.92 to $55.47 per barrel, while natural gas is down a cent. Metals prices are rising this morning. Gold is up $6.10 and platinum is up $15.60. The Dollar is down versus the Euro and up against the Yen.
Netflix, Inc. (NFLX), McDermott International Inc. (MDR) and Unilever plc (UL) are early risers, while SanDisk Corp. (SNDK), Taiwan Semiconductor Manufacturing Company Limited(TSM) and IPG Photonics Corporation (IPGP) 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..