Daily Market Commentary for January 12, 2011
Stocks were rising again today after a successful Portuguese bond auction continued to ease fears. (Read more at Millennium-Traders.Com
Economic data released today:
U.S. January IBD/TIPP Economic Optimism Index: 51.9 versus 45.8 in December.
MBA Mortgage Applications:
U.S. MBA Refinance Index rose 4.9% at 2,219.2; Last Week 2,115.4; U.S. MBA Purchase Index fell 3.7% at 192.4; Last Week 199.8; U.S. MBA Market Index rose 2.2% at 482.7; Last Week 472.1.
Import Price Index (MoM):
U.S. December Petroleum Import Prices rose 3.9%; U.S. December Non-Petroleum Import Prices rose 0.4%; U.S. December Import Prices rose 1.1%; Compared to Consensus of an increase by 1.2%.
Crude Oil Inventories as reported by DOE:
U.S. Refineries Ran at 86.4% capacity; Was Seen at 88.00% capacity; U.S. Refineries Ran at 86.4% capacity versus 88.0% capacity a Week Ago; U.S. Distillate Stockpiles rose 2.652 Million Barrels in Week; Was Seen increasing by 0.6 Million Barrels; U.S. Distillate Stockpiles rose 2.652 Million Barrels at 164.759 Million Barrels; U.S. Gasoline Stockpiles rose 5.081 Million Barrels in Week; Was Seen increasing by 1.3 Million Barrels; U.S. Gasoline Stockpiles rose 5.081 Million Barrels at 223.227 Million Barrels; U.S. Crude Oil Stockpiles fell 2.154 Million Barrels in Week; Was Seen decreasing by 0.5 Million Barrels; U.S. Crude Oil Stockpiles fell 2.154 Million Barrels at 333.112 Million Barrels.
Fed's Beige Book: U.S. Economy Continues to Grow Moderately; Industry, Retail Strength Offset by Weak Housing, Finance; Holiday Retail Sales Seem Stronger Than in 2009; Holiday Sales Better Than Expected in Some Districts; Costs Rising in Most Areas, But Final Prices Stay Low; Jobs Better in Most Areas, But Wage Pressure Limited; Most Businesses Positive on Outlook, but Cautious.
At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain 83.56 points, EOD 11,755.44
NYSE (New York Stock Exchange) triple digit gain 102.21 EOD 8,120.89
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 19.32 points, EOD 2,736.15
S&P 500 (SPX) gain 11.13 points, EOD 1,285.61
BEL 20 (BEL20) gain 46.7 points, EOD 2,626.40
CAC 40 (CAC40) gain 83.15 points, EOD 3,945.07
FTSE100 (UKX100) gain 36.69 points, EOD 6,050.72
NIKKEI 225 (NIK/O) gain 2.12 points, EOD 10,512.80
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,173, declined stock prices 924, unchanged stock prices 74, stock prices hitting new highs 311 and stock prices hitting new lows 44. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: ITT gain 8.67, HOD 64.00, LOD 59.66, EOD 61.46; AGQ gain 1.06, HOD 145.83, LOD 142.80, EOD 145.71; LVS shed 0.71, HOD 49.77, LOD 48.16, EOD 48.52; WLT shed 2.16, HOD 139.96, LOD 134.45, EOD 136.42; CRM gain 0.26, HOD 143.39, LOD 140.24, EOD 141.43; CME gain 3.99, HOD 315.83, LOD 311.32, EOD 314.87; ESI gain 2.48, HOD 65.18, LOD 60.81, EOD 63.12.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,790, declined stock prices 900, unchanged stock prices 112, stock prices hitting new highs 226 and stock prices hitting new lows 8. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: NFLX gain 1.92, HOD 188.88, LOD 184.75, EOD 188.54; APOL gain 1.14, HOD 41.96, LOD 39.50, EOD 41.86; STRA gain 5.00, HOD 126.73, LOD 117.30, EOD 123.40.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 254, declined stock prices 231, unchanged stock prices 25, stock prices hitting new highs 23 and stock prices hitting new lows 11.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 11: EOD 1280.75; Change 10.25
E-mini NASDAQ-100 (NQ) Mar 11: EOD 2,300.25; Change 14.75
E-mini DOW $5 (YM) Mar 11: EOD 11,694; Change 78
Nikkei 225 (Yen) Mar 11: EOD 10,590; Change 35
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7616 to U.S. Dollars 1.31
Japanese Yen 82.9650 to U.S. Dollars 0.0121
British Pound 0.6342 to U.S. Dollars 1.58
Canadian Dollar 0.9884 to U.S. Dollars 1.01
Swiss Franc 0.9668 to U.S. Dollars 1.03
Energy Sector - Nymex:
Light Crude (February 11) gain $0.75, EOD $91.86 per barrel ($US per barrel)
Heating Oil (February 11) gain $0.00, EOD $2.62 a gallon ($US per gallon)
Natural Gas (February 11) gain $0.05, EOD $4.53 per million BTU ($US per mmbtu.)
Unleaded Gas (February 11) shed $0.01, EOD $2.46 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (February 11) gain $1.50, EOD $1,385.80 ($US per Troy ounce)
Silver (March 11) gain $0.04, EOD $29.54 ($US per Troy ounce)
Platinum (April 11) gain $30.80, EOD $1,801.10 ($US per Troy ounce)
Copper (March 11) gain $0.06, EOD $4.41 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 11) gain 1.80, EOD 86.95
Pork Bellies (February 11) unchanged, EOD 106.00
Live Cattle (February 11) gain 1.72, EOD 110.18
Feeder Cattle (March 11) gain 0.75, EOD 126.05
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) gain 24.00, EOD 631.00
Soybeans (March 11) gain 58.00, EOD 1,415.00
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