Daily Market Commentary for January 28, 2011

Economic Growth

Investors were disappointed to hear economic growth in the fourth quarter was slightly less than analysts were expecting. (Read more at Millennium-Traders.Com)

Economic data released today:

GDP (QoQ):
Chain-Weighted Price Index rose 0.3% Rate in 4Q; Domestic Purchases Price Index rose 2.1% Rate in 4Q; Core PCE Price Index rose 0.4% Rate in 4Q; PCE Price Index rose 1.8% Rate in 4Q; Real Final Sales rose 7.1% in 4Q; U.S. GDP rose 3.2% Rate in 4Q; Compared to Consensus of an increase by 3.5%.

Employment Cost Index (QoQ):
U.S. 4Q Employment Cost Index rose 2.0% From Year Ago; U.S. 4Q Employment Cost Index rose 0.4%; Compared to Consensus of an increase by 0.5%.

Michigan Consumer Sentiment Index:
University of Michigan End-January Current Index 81.8; University of Michigan End- January Sentiment 74.2.

Michigan Inflation Expectations:
University of Michigan 5-Year Inflation Forecast rose 2.9%; University of Michigan 12-Month Inflation Forecast rose 3.4%; University of Michigan End-January Expectations 69.3.

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) shed 160.64 points, EOD 11,829.19
NYSE (New York Stock Exchange) shed 147.39, EOD 8,059.67
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 68.09 points, EOD 2,687.19
S&P 500 (SPX) shed 23.16 points, EOD 1,276.38
BEL 20 (BEL20) shed 31.14 points, EOD 2,647.09
CAC 40 (CAC40) shed 57.25 points, EOD 4,002.32
FTSE100 (UKX100) shed 83.71 points, EOD 5,881.37
NIKKEI 225 (NIK/O) shed 118.32 points, EOD 10,360.34

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 559, declined stock prices 2,571, unchanged stock prices 54, stock prices hitting new highs 149 and stock prices hitting new lows 26. 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: MOS gain 1.21, HOD 80.63, LOD 78.09,EOD 79.88; CRM gain 3.33, HOD 134.00, LOD 129.39,EOD 131.57; ACI gain 0.56, HOD 33.99, LOD 30.70,EOD 33.21; AGQ gain 8.88, HOD 128.98, LOD 117.22,EOD 127.27; APA shed 1.71, HOD 116.19, LOD 110.32,EOD 114.62; ESI shed 3.93, HOD 67.65, LOD 65.32,EOD 65.50; IOC shed 0.72, HOD 70.75, LOD 68.78,EOD 69.56; COP gain 1.17, HOD 71.61, LOD 69.66,EOD 70.56; ACH shed 0.37, HOD 25.08, LOD 24.09,EOD 24.40; AMB shed 1.08, HOD 34.08, LOD 32.80,EOD 32.93.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 451, declined stock prices 2,258, unchanged stock prices 85, stock prices hitting new highs 106 and stock prices hitting new lows 27. 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: AMZN shed 13.31, HOD 173.71, LOD 166.90, EOD 171.14; FFIV shed 1.36, HOD 113.12, LOD 107.80, EOD 109.58; DRIV shed 0.76, HOD 46.09, LOD 45.07, EOD 45.18; BIDU shed 2.51, HOD 109.75, LOD 104.83, EOD 106.54; HUGH shed 0.99, HOD 62.61, LOD 59.78, EOD 61.51; ALXN shed 2.69, HOD 85.39, LOD 81.42, EOD 82.34; ADTN shed 0.94, HOD 42.75, LOD 41.16, EOD 41.72; PWRD shed 0.31, HOD 23.40, LOD 22.54, EOD 22.69.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 165, declined stock prices 325, unchanged stock prices 27, stock prices hitting new highs 6 and stock prices hitting new lows 4.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 12731.75; Change -24.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,266.25; Change -56.75
E-mini DOW $5 (YM) Mar 10: EOD 11,766; Change -178
Nikkei 225 (Yen) Mar 10: EOD 10,205; Change -295

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7350 to U.S. Dollars 1.36
Japanese Yen 82.1250 to U.S. Dollars 0.0122
British Pound 0.6306 to U.S. Dollars 1.5900
Canadian Dollar 1.0008 to U.S. Dollars 0.9985
Swiss Franc 0.9422 to U.S. Dollars 1.06

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 11) gain $3.70, EOD $89.34 per barrel ($US per barrel)
Heating Oil (March 11) gain $0.03, EOD $2.69 a gallon ($US per gallon)
Natural Gas (March 11) gain $0.00, EOD $4.32 per million BTU ($US per mmbtu.)
Unleaded Gas (March 11) gain $0.07, EOD $2.49 gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 11) gain $22.30, EOD $1,340.70 ($US per Troy ounce)
Silver (March 11) gain $0.88, EOD $27.92 ($US per Troy ounce)
Platinum (April 11) gain $1.50, EOD $1,805.00 ($US per Troy ounce)
Copper (March 11) gain $0.03, EOD $4.37 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) gain $1.77, EOD $91.80
Pork Bellies (February 11) unchanged, EOD $109.00
Live Cattle (April 11) gain $0.62, EOD $112.80
Feeder Cattle (March 11) gain $0.62, EOD $126.23

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) shed $6.75, EOD $644.00
Soybeans (March 11) shed $1.50, EOD $1,398.00

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