Equities Fall Then Shoot Up After The Opening Bell

After a brief morning sell off, it appears stocks are rebounding into the green. The Dow is up 23 points to 10,406, the NASDAQ is down 3 points to 2239 and the S&P hovering at 1108.

Yesterday, oil hit the key $80 a barrel mark but has now fallen to $79.29, down 1.3%.

Gold is slightly down, now resting at $1111.80 an ounce. Silver is tanking, down 1.5% to $16.02 an ounce.

Futures are down across the board, with the exception of lean hogs, cotton, and soybeans.

Shares of Commercial Metals Company (CMC) are up nearly 1% to $16.60 a share amid takeover speculation.

Radio Shack (RSH) is down 7.6% to $19.06 a share thanks in part to tepid Q4 earnings. Meanwhile, Expeditors International of Washington Inc. (EXPD) is up 9% to $37.65 a share thanks to killer Q4 earnings that beat analyst expectations.


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.