U.S. stocks are pointing lower this morning amid volatility in oil prices. The S&P 500 is down 0.24%, while the Dow is down 0.28%. Asian stocks finished mixed Monday as concerns grow that an Organization of the Petroleum Exporting Countries agreement may be unraveling. The Shanghai was up 0.46% and the Nikkei was down 0.13%. European markets are down today as political turmoil in France and Italy increases. The FTSE is down 0.49%, while the DAX is down 0.78%. Energy futures are up today. The price for West Texas Intermediate crude oil is up $1.01 to $47.08 per barrel, while natural gas is up $0.10 to $3.30. Metals prices are higher this morning. Gold is up $9.40 to $1,187.90 per ounce and platinum is up $4.60 to $907.60. The Dollar is up against the Euro and down versus the Yen. Time Inc. (TIME),Cognizant Technology Solutions Corporation (CTSH), and The Wendy's Company (WEN) are early risers, while Fang Holdings Limited (SFUN), Inovio Pharmaceuticals, Inc. (INO), and YY Inc. (YY) are down. [InvestorsKeyhole, news and data sources]
