U.S. markets are relatively flat in premarket trading . The S&P is unmoved at last check, and the Dow is up 0.03%. The Census Bureau report of 1,001K new housing starts fell short of expectations for 1,028k.
In Asia markets were mixed overnight, after data showed a 6% decrease in direct foreign investment in China. The Shanghai Composite was down 0.92%, though the Nikkei was up 0.29%.
European markets are up today with automakers leading the way. The FTSE is up 0.05%, and the DAX up 0.24%
Energy futures are down this morning. West Texas Intermediate crude oil is down $.52, and natural gas is unchanged. In metals, gold is down $10.30, while platinum is down $5.80. The Dollar is up versus the Euro and the Yen.
Medtronic, Inc. ( MDT ), GameStop Corp . ( GME ), and Delta Air Lines Inc. ( DAL ), and Micron Technology Inc. ( MU ) are on the rise today. Shire plc ( SHPG ), BT Group plc ( BT ), and BHP Billiton plc ( BBL ), and Caterpillar Inc. ( CAT ) 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 MarketIntelligeneCenter.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.