Stocks Lower on Global Growth Concerns

First Look

U.S. Stocks are lower ahead of the opening bell Thursday as weak economic growth from Europe and China cast a pall over risk assets. China has reportedly pushed back on U.S. demands that it purchase additional agricultural goods, which is seen as an important part of the ongoing trade negotiations. The Dow Jones is down -0.15%, the S&P 500 is down -0.19%, the Nasdaq is down -0.23%.

Today's Sentiment

Quote of the Day

I perhaps owe having become a painter to flowers.
Claude Monet

Stocks on the Move

Walmart Inc (WMT), HP Inc (HPQ) and Viacom, Inc. Class B (VIAB) are moving higher this morning, while Cisco Systems, Inc. (CSCO), Kraft Heinz Co (KHC) and Deere & Company (DE) are headed lower. Qiagen NV (QGEN), Uber Technologies Inc (UBER) and Stanley Black & Decker, Inc. (SWK) were upgraded by analysts this morning, while Propetro Holding Corp (PUMP), Apple Inc. (AAPL) and Deere & Company (DE) were downgraded.

International Markets

Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.52%, the Mumbai Sensex is up 0.42%, the Shanghai SE Composite Index is up 0.16% the Nikkei 225 is down -0.76% and the Hang Seng is down -0.95%. Stocks in Europe are down. The DAX is down -0.41%, the FTSE 100 is down -0.39%, the Euro Stoxx 50 is down -0.18% and the CAC 40 is down -0.06%.

Futures & Currencies

Energy futures are up today. The price for West Texas Intermediate crude oil is up 0.48 at 57.6 per barrel. Brent crude is up 0.6 at 62.97 per barrel. Natural Gas is up 0.06 at 2.66. Precious metals are mixed this morning. Gold is up 4.11 at 1467.69 per ounce. Platinum is down -0.14 at 875.47 while silver is up 0.07 at 16.99. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen and up against the Pound.

Put/Call Ratio

Yesterday, 1,380,440 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,078,858 put contracts. The single-session put/call was 0.78 while the 20-day moving average is now at 0.67.

Today's Economic Calendar

Earnings Expected Today