U.S. markets are edging up this morning while, globally, stocks continue to fall. The S&P 500 is up 0.27% and the Dow is up 0.18%. There were 282,000 initial claims for unemployment for the week of December 5, up from 269,000 the prior week.
Asian stocks finished broadly lower Thursday as investors anticipate a United States interest rate hike next week. The Shanghai Composite was down 0.49%, and the Nikkei was down 1.32%. European stocks are down for a third straight session today. The FTSE is down 0.33%, while the DAX is down 0.11%.
Energy futures are mixed this morning. The price for West Texas Intermediate crude oil is up $0.21 to $37.37 per barrel, while natural gas is down less than a cent to $2.05. Metals prices are lower today. Gold is down $4.70 to $1,071.80 per ounce and platinum is up $5.70 to $860.10 an ounce. The Dollar is up versus the Euro and down versus the Yen.
SeaDrill Limited (SDRL), GoPro, Inc.(GPRO), and Chipotle Mexican Grill, Inc. (CMG) are early risers, while The Men’s Wearhouse, Inc.(MW), Chesapeake Energy Corporation (CHK) and Trina Solar Limited (TSL) are down. [InvestorsKeyhole, news and data sources]