World is waiting on the Fed

U.S. stocks are down slightly as the Federal Reserve’s quantitative easing program is scheduled to end today. The S&P 500 is down 0.16% and the Dow has dropped 0.07%. At 2:00 p.m. the Federal Reserve will announce its decision on interest rates.

In Asia, markets were higher Wednesday as Japanese stocks led the way. The Nikkei climbed 1.46% while the Hang Seng rose 1.27%.

European markets are moving up this morning as investors expect U.S. interest interest rates will remain low. The FTSE is up 0.64%, and the DAX is up 0,69%.

Energy futures are rising Wednesday. The price for West Texas Intermediate crude oil is $80.22 per barrel, up $0.80 and natural gas is up $0.01. Metals prices are mixed this morning. Gold is down $2.20 and platinum is up $5.10. The Dollar is up  versus both the Euro and the Yen.

U.S. Steel (X), Sony Corporation (SNE) and Novo Nordisk (NVO), are rising, while InvenSense(INVN), Orbital Sciences (ORB) and STMicroelectronics (STM) 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..

You May Also Like