Yellen’s comments boost markets

After encouraging interest-rate news from Federal Reserve Chair Janet Yellen, U.S. markets are headed up on Thursday morning. The S&P 500 is up 0.39% and the Dow is up 0.34%.There were 280,000 initial unemployment claims for the week of September 13, down from 315,000 the prior week. 

Asian markets were mixed Thursday. The Hang Seng was down 0.85%  and the Nikkei rose 1.13%.

European stocks are moving up today, while all eyes are on the Scottish independence vote. The FTSE is up  0.42%, and the DAX is up 0.97%. 

Energy futures are little moved today. West Texas Intermediate crude oil is $94.45 per barrel, up $0.03 and natural gas is up $0.03. Metals prices are down. Gold is off $15.00 and platinum is down $14.60. The Dollar is down versus the Euro and up versus the Yen.

TrueCar, Inc (TRUE), Penn West Petroleum Ltd.  (PWE) and Wipro Ltd.  (WIT), are up.  Pier 1 Imports, Inc.  (PIR), Sony Corporation (SNE) and Rite Aid Corporation(RAD) 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..

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