U.S. stocks are down Wednesday morning after holding ground on Tuesday. The S&P 500 is down 0.73% while the Dow is down 0.58%.Retail Sales fell 0.3% in September, down from a 0.6% increase in August.
Asian stocks were up Wednesday while Chinese inflation data raised hopes for new stimulus. The Nikkei was up 0.92% and the Hang Seng rose 0.40%.
European stocks continue to fall today as fear over lack of growth creates unease for investors. The FTSE is down 1.19%, and the DAX is off 1.12%.
Energy futures are mostly down this morning. The price for West Texas Intermediate crude oil is $81.15 per barrel, down $0.69 and natural gas is up a penny. Metals prices are falling Wednesday. Gold is down $5.30 and platinum is down $15.40. The Dollar is down against the Euro and the Yen.
MannKind Corp. (MNKD), American Eagle Outfitters, Inc.(AEO) and Chimerix, Inc. (CMRX), are up. Shire plc (SHPG), Linn Energy, LLC (LINE) and AbbVie Inc. (ABBV) are falling. [InvestorsKeyhole, various news and data sources]
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..