Daily Market Commentary for April 22, 2010

Financial Reform

President Obama spoke at Cooper Union today, urging for financial reform. (Read more at Millennium-Traders.Com)

Economic data released today:

PPI (MoM):
U.S. March Producer Prices rose 0.7%; Compared to Consensus of an increase by 0.4%; U.S. March PPI Excluding-Food & Energy rose 0.1%;  Compared to Consensus of an increase by 0.1%; U.S. March PPI Intermediate Goods rose 0.6%; U.S. March PPI Intermediate Goods Core rose 0.7%; U.S. March PPI Crude Goods rose 3.2%; U.S. March PPI Crude Goods Core rose 6.0%; U.S. March PPI Energy Prices rose 0.7%; U.S. March Passenger Car Prices fell 1.1%; U.S. February PPI Unrevised at -0.6%; U.S. March PPI Rise Led by 2.4% Increase in Food Prices.

Initial Jobless Claims:
U.S. Jobless Claims fell 24K to 456K in April 17 Week; Compared to Survey of a decrease by 24K; U.S. April 10 Week Continuing Claims fell 40K to 4,646,000; U.S. April 10 Week Jobless Claims Revised to 480K from 484K.

Existing Home Sales:
March New Home Sales seen Rising 5.5%; U.S. March Existing Home Sales rose 6.8% to 5.35M Rate; U.S. March Existing Home Sales Consensus 5.25M Rate; U.S. Inventory of Unsold U.S. Homes at 8.0 Months Supply.

House Price Index (MoM):
U.S. March Median Existing Home Price rose 0.4% on Year to $170,700.

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 9.75 points, EOD 11,134.67
NYSE (New York Stock Exchange) shed 1.98, EOD 7,642.69
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 14.41 points, EOD 2,519.02
S&P 500 (SPX) gain 2.9 points, EOD 1,208.84
BEL 20 (BEL20) shed 29.92 points, EOD 2,630.94
CAC 40 (CAC40) shed 53.02 points, EOD 3,924.65
FTSE100 (UKX100) shed 58.1 points, EOD 5,665.33
NIKKEI 225 (NIK/O) shed 140.96, EOD 10,949.09

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,000, declined stock prices 1,088, unchanged stock prices 110, stock prices hitting new highs 446 and stock prices hitting new lows 12. 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: BAX shed 7.90, HOD 52.08, LOD 48.05, EOD 51.05; DO shed 4.88, HOD 86.80, LOD 84.70, EOD 85.42; CMG gain 17.91, HOD 145.11, LOD 134.47, EOD 144.66; FAS gain 2.54, HOD 113.30, LOD 105.80, EOD 112.61; GS shed 0.08, HOD 162.00, LOD 156.29, EOD 158.85; MEE shed 0.92, HOD 43.10, LOD 41.30, EOD 42.87; CME gain 16.19, HOD 344.18, LOD 320.51, EOD 338.69.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,679, declined stock prices 1,019, unchanged stock prices 132, stock prices hitting new highs 315 and stock prices hitting new lows 10. 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 13.22, HOD 102.49, LOD 90.65, EOD 100.20; AAPL gain 7.26, HOD 266.75, LOD 256.20, EOD 266.48; EBAY shed 1.50, HOD 24.81, LOD 23.90, EOD 24.79.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 273, declined stock prices 221, unchanged stock prices 40, stock prices hitting new highs 15 and stock prices hitting new lows 2.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1206.50; Change 5.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,042.25; Change 16.75
E-mini DOW $5 (YM) Mar 10: EOD 11,090; Change 31
E-mini S&P MidCap 400 (MF) Mar 10: EOD 839.70; Change 11.50
Nikkei 225 (Yen) Mar 10: EOD 10,955; Change -70

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7512 to U.S. Dollars 1.3300
Japanese Yen 93.5250 to U.S. Dollars 0.0106
British Pound 0.6650 to U.S. Dollars 1.5400
Canadian Dollar 0.9992 to U.S. Dollars 1.0000
Swiss Franc 1.0767 to U.S. Dollars 0.9286

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (June 10) gain $0.02, EOD $83.70 per barrel ($US per barrel)
Heating Oil (June 10) gain $0.00, EOD $2.22 a gallon ($US per gallon)
Natural Gas (June 10) gain $0.17, EOD $4.13 per million BTU ($US per mmbtu.)
Unleaded Gas (June 10) gain $0.01, EOD $2.30 gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 10) shed $5.90, EOD $1,142.30 ($US per Troy ounce)
Silver (June 10) shed $0.06 EOD $18.01 ($US per Troy ounce)
Platinum (June 10) gain $5.70, EOD $1,742.70 ($US per Troy ounce)
Copper (June 10) shed $0.04, EOD $3.48 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 10) gain $0.55, EOD $88.38
Pork Bellies (June 10) shed $0.27, EOD $96.45
Live Cattle (June 10) gain $0.15 EOD $99.75
Feeder Cattle (June 10) gain $0.07, EOD $112.13

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) gain $3.00, EOD $362.25
Soybeans (May 10) gain $8.75, EOD $1,004.25

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