U.S. stocks are rising Thursday morning after finishing lower on Wednesday. The S&P 500 is up 0.51% and the Dow has risen 0.61%. Initial claims for unemployment for the week of Oct. 18 rose to 283,000 from 266,000 the previous week.
Asian markets finished Thursday lower as investors were disappointed by reports indicating that demand is still “insufficient”. The Nikkei was down 0.37% and the Shanghai Composite fell 1.04%.
European markets are mixed this morning as purchasing manufacturers’ indices rose unexpectedly in October. The FTSE is down 0.32%, and the DAX has risen 0.33%.
Energy futures are mixed this morning. The price for West Texas Intermediate crude oil is $80.98 per barrel, up $0.46 and natural gas is down $0.02. Metals prices are down today. Gold is down $9.30 and platinum is down $10.30. The Dollar is down versus the Euro and up against the Yen.
Brookfield Residential Properties Inc. (BRP), Tractor Supply Company (TSCO) and Nokia Corporation (NOK), are early gainers, while Yelp, Inc. (YELP), Under Armour, (UA) and The Cheesecake Factory Incorporated (CAKE) are falling.
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..