Markets

Patient Fed boosts markets

U.S. markets are rising this morning after getting a big bounce from yesterday's announcement that the Federal Reserve will be "patient" in raising interest rates. The S&P 500 is up 1.02% and the Dow is up 0.98%. There were 289,000 initial claims for unemployment for the week of 12/13, down from 294,000 the week before.

Asian markets were mixed Thursday as investors were encouraged by the word that U.S. interest rates would remain low for a 'considerable time'. The Shanghai Composite was down 0.11% while the Nikkei rose 2.32%.

In Europe, markets are moving higher today after German business sentiment improved. The FTSE is up 0.97%, and the DAX has gained 2.01%.

Energy futures are climbing this morning. The price for West Texas Intermediate crude oil is $57.66 per barrel, up $1.19 and natural gas is up $0.05. Metals prices are rising. Gold is up $9.80 and platinum is up $7.30. The Dollar is up versus the Euro and down against the Yen.

Mobile Telesystems ( MBT ), Rite Aid Corporation ( RAD ) and Emerge Energy Services ( EMES ), are moving up, while Royal Caribbean Cruises Ltd. ( RCL ), BHP Billiton Limited ( BHP ) and Ariad Pharmaceuticals Inc. (ARIA) are declining.

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.


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

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