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Stocks remain flat


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U.S. markets are showing little change to start Wednesday morning after the Dow and S&P 500 reached new records on Tuesday. The S&P 500 is down 0.09% and the Dow is down 0.08%. There were 1,009,000 housing starts in October, down from 1,017,000 in the prior month.

In Asia, markets were lower Wednesday as investors did not use the daily quota available on the new Hong Kong-Shanghai stock connect program. The Shanghai Composite fell 0.22% while the Nikkei was down 0.32%.

European markets are mixed today with more positive German economic data balancing poor performing mining stocks. The FTSE is down 0.06%, and the DAX is up 0.63%.

Energy futures are moving up this morning. The price for West Texas Intermediate crude oil is $74.69 per barrel, up $0.08 and natural gas is up $0.10. Metals prices are mixed Wednesday. Gold is down $2.00 and platinum is down $0.40. The Dollar is up against the Euro and the Yen.

Best Buy Co., Inc . ( BBY ), Sprint Corporation  ( S ) and Mallinckrodt public limited company ( MNK ), are up, and Cliffs Natural Resources Inc.  ( CLF ), Sony Corporation ( SNE ) and BlackBerry Limited ( BBRY ) 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..


This article was originally published on MarketIntelligenceCenter.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , commodities




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