Opening Bell

Stocks started to trade Wednesday with a mixed fashion. S&P is now trading at 912.43, up 0.46 points. CPI, Consumer Price Index, data was re;eased earlier in the morning. It came in-line with the expectations, up 0.1%. Although energy costs were up, it wasn't as nearly high as it was expected. The food prices were down 0.1% which helped balanced the higher energy costs.

European bourses are having another busy selling day. FTSE, DAX and CAC are all down, 0.93%, 1.15% and 1.24% respectively.

Crude oil slid under $70 a barrel.

Meanwhile, S&P is oversold, currently at 28.68% below the critical value of 30.