Benzinga | Feb 25, 2014 10:44AM ET
After reaching five-year highs, natural gas retreated more than 10 percent Monday while the major U.S. markets were up sharply.
Monday, the Dow gained about 104 points to close at 16,207.14. The S&P was up 0.6 percent, or about 11 points to close at 1,847.61, and the NASDAQ was down 0.7 percent to 4,292.97.
This morning, U.S. markets are indicated lower. The Dow is 15 points lower, the S&P is two points lower and the NASDAQ is indicated to lose about two points at the open.
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Asian Markets
Asian shares were mixed in Tuesday trading. The Nikkei was up about 1.4 percent to close at 15,051.60 and the Hang Seng was down about 0.3 percent to close at 22,317.20.
The Shanghai Composite closed two percent lower at 2,034.22 and the Kospi was 0.8 percent higher closing at 1964.86.
European Markets
Europe is trending lower this morning. The FTSE is 0.5 percent lower at 6,828.79 and the DAX is down 0.3 percent at 9,677.99. Finally, the CAC is flat at 4,402.52
Commodities
After plunging more than 10 percent Monday, natural gas continues its slide—down 1.7 percent at $5.35. Other commodities are mixed. WTI is down 0.6 percent at $102.22 while Brent is down 0.3 percent at $110.34.
Gold is down 0.2 percent at $1,335.20 and silver is lower by about one percent at $21.84. Copper is 0.6 percent lower at $3.24.
Currencies
The euro is flat against the dollar at 1.376 and the dollar is about 0.1 percent lower against the yen at 102.34
The pound is 0.1 percent higher against the dollar at 1.668 and the Aussie dollar is at 0.901 against the dollar—down 0.2 percent.
Pre-Market Movers
Hewlett-Packard (HPQ) is down 2.5 percent this morning while Transocean (RIG) is down nearly one percent. Raytheon (RTN) is up 1.8 percent while PulteGroup (PHM) is up about 0.5 percent.
Notable Earnings
Earnings reports from Monday:
The following companies will report earnings today:
Economics
The Redbook will reach the market at 8:55 AM ET. The Case-Shiller Report will be released at 9:00 AM PT and Consumer Confidence at 10:00 AM.
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