Daily Market Commentary for February 23, 2011
Existing Home Sales
Stocks were falling triple digits again in today's session over a mixed report on existing home sales and an increase in oil prices. (Read more at http://www.millennium-traders.com/news/marketcommentaryfebruary232011.aspxMillennium-Traders.Com
Economic data released today:
MBA Mortgage Applications:
U.S. MBA Market Index rose 13.2% at 476.0; Last Week 420.4; U.S. MBA Purchase Index rose 5.1% at 184.1; Last Week 175.1; U.S. MBA Refinance Index rose 17.8% at 2,177.2; Last Week 1,848.6.
U.S. Retail Sales rose 2.7% Week Ended February 19 versus Year Ago; 2011/02/23; U.S. Retail Sales First 3 Weeks of February rose 2.5% versus February Year Ago; U.S. Retail Sales first 3 weeks February rose 1.5% versus January.
U.S. ICSC/Goldman Sachs Chain Store Sales rose 3.0% on Year; U.S. ICSC/Goldman Sachs Chain Store Sales rose 2.6% in week of February 19.
Existing Home Sales:
U.S. January Existing Home Sales rose 2.7% to 5.36 M Rate; U.S. January Existing Home Sales Consensus 5.25 M Rate; U.S. Inventory of Unsold U.S. homes at 7.6 Months Supply; U.S. January Median Existing Home Price fell 3.7% on Year to $158,800.
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 103.87 points, EOD 12,108.92
NYSE (New York Stock Exchange) shed 33.02, EOD 8,292.84
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 30.28 points, EOD 2,726.14
S&P 500 (SPX) shed 4.97 points, EOD 1,310.47
BEL 20 (BEL20) shed 24.11 points, EOD 2,679.26
CAC 40 (CAC40) shed 37.15 points, EOD 4,013.12
FTSE100 (UKX100) shed 73.23 points, EOD 5,923.53
NIKKEI 225 (NIK/O) shed 85.6 points, EOD 10,579.10
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,093, declined stock prices 2,004, unchanged stock prices 83, stock prices hitting new highs 62 and stock prices hitting new lows 35. 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: HPQ shed 4.79, HOD 43.72, LOD 42.57, EOD 43.44; CF gain 2.53, HOD 135.76, LOD 123.42, EOD 134.53; CRM shed 3.18, HOD 139.69, LOD 130.34, EOD 133.57; CMG shed 7.67, HOD 251.88, LOD 235.00, EOD 244.23.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 650, declined stock prices 2,027, unchanged stock prices 113, stock prices hitting new highs 46 and stock prices hitting new lows 46. 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: VRTX gain 5.89, HOD 44.68, LOD 42.71, EOD 44.11; NFLX shed 9.91, HOD 217.90, LOD 205.39, EOD 211.69; NDSN gain 11.93, HOD 113.79, LOD 105.65, EOD 108.43; DLTR shed 3.63, HOD 52.49, LOD 48.53, EOD 48.54.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 226, declined stock prices 242, unchanged stock prices 37, stock prices hitting new highs 14 and stock prices hitting new lows 5.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1307.25; Change -7.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,304.75; Change -17.00
E-mini DOW $5 (YM) Mar 10: EOD 12,084; Change -99
Nikkei 225 (Yen) Mar 10: EOD 10,555; Change 25
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7273 to U.S. Dollars 1.37
Japanese Yen 82.5450 to U.S. Dollars 0.0121
British Pound 0.6170 to U.S. Dollars 1.6200
Canadian Dollar 0.9896 to U.S. Dollars 1.01
Swiss Franc 0.9334 to U.S. Dollars 1.07
Energy Sector - Nymex:
Light Crude (April 11) gain $4.58, EOD $100.00 per barrel ($US per barrel)
Heating Oil (March 11) shed $0.06, EOD $2.73 a gallon ($US per gallon)
Natural Gas (March 11) gain $0.03, EOD $3.90 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) gain $0.12, EOD $2.87 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 11) gain $12.90, EOD $1,414.00 ($US per Troy ounce)
Silver (March 11) gain $0.43, EOD $33.30 ($US per Troy ounce)
Platinum (April 11) shed $9.60, EOD $1,776.70 ($US per Troy ounce)
Copper (March 11) shed $0.07, EOD $4.28 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) shed $1.32, EOD $90.95
Pork Bellies (February 11) unchanged, EOD $121.00
Live Cattle (April 11) gain $0.30, EOD $113.95
Feeder Cattle (March 11) shed $0.37, EOD $128.82
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 11) gain $12.00, EOD $702.25
Soybeans (May 11) gain $20.50, EOD $1,331.50
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