U.S. stocks are down slightly as the Federal Reserve’s quantitative easing program is scheduled to end today. The S&P 500 is down 0.16% and the Dow has dropped 0.07%. At 2:00 p.m. the Federal Reserve will announce its decision on interest rates.
In Asia, markets were higher Wednesday as Japanese stocks led the way. The Nikkei climbed 1.46% while the Hang Seng rose 1.27%.
European markets are moving up this morning as investors expect U.S. interest interest rates will remain low. The FTSE is up 0.64%, and the DAX is up 0,69%.
Energy futures are rising Wednesday. The price for West Texas Intermediate crude oil is $80.22 per barrel, up $0.80 and natural gas is up $0.01. Metals prices are mixed this morning. Gold is down $2.20 and platinum is up $5.10. The Dollar is up versus both the Euro and the Yen.
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..