U.S. stocks are falling this morning as advanced estimates of GDP grew 3.5%. The S&P 500 is down 0.57% and the Dow has dropped 0.48%. Initial claims for unemployment rose slightly to 287,000 from 284,000 the previous week.
In Asia, markets were mixed Thursday as it was announced that a trading connection with Hong Kong was ready to be retried. The Nikkei climbed 0.67% while the Hang Seng fell 0.49%.
European markets are declining Thursday for the first time in three days. The FTSE is off 0.98%, and the DAX is down 1.69%.
Energy futures are rising today. The price for West Texas Intermediate crude oil is $81.36 per barrel, down $0.84 and natural gas is up a cent. Metals prices are falling this morning. Gold is down $20.20 and platinum is down $17.10. The Dollar is up versus both the Euro and the Yen.
Alcatel-Lucent (ALU), Take-Two Interactive Software Inc (TTWO) and Visa Inc. (V), are rising, while National Bank of Greece(NBG), Western Gas Partners (WES) and Weight Watchers International (WTW) 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..