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Stocks’ downward trend continues

U.S. stocks are moving down Friday morning after sharp drop on Thursday. The S&P 500 is down 0.32% while the Dow is down 0.37%.  

In Asia, markets followed Wall Street down as concerns about the pace of world growth mounted. The Nikkei was down 1.15% and the Shanghai Composite fell 0.62%.

Stocks in Europe are dropping Friday, as markets there continue a week long slide. The FTSE is down 1.11%, and the DAX is down 1.95%. 

Energy futures are falling this morning. West Texas Intermediate crude oil is down to $84.92 per barrel, down $0.85 and natural gas is down less than a cent. Metals prices are falling today . Gold is down $0.70 and platinum is off $14.90. The Dollar is up against both the Euro and down versus the Yen.

Infosys Ltd. (INFY), Isis Pharmaceuticals, Inc.(ISIS) and National Bank of Greece  (NBG), are headed up. Knowles Corporation (KN), MedAssets, Inc.  (MDAS) and The Manitowoc Company, Inc. (MTW)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..

Michael Haden

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.