Daily Market Commentary for February 24, 2011
Latest Economic News
Things were off to a slow start Thursday as investors weighed the latest economic news. (Read more at http://www.millennium-traders.com/news/marketcommentaryfebruary242011.aspxMillennium-Traders.Com
Economic data released today:
Durable Goods Orders (MoM):
December Durable Goods Excluding Transportation Revised to +3.0%; December Durable Goods Orders Revised to -0.4% from -2.3%; January Durable Goods Orders, Excluding-Defense, rose 1.9%; U.S. January Durable Goods Orders rose 2.7%; Compared to Consensus of an increase by 2.0%; January Durable Goods Orders, Excluding-Transportation, fell 3.6%.
Initial Jobless Claims:
U.S. February 12 Week Jobless Claims Revised to 413K from 410K; U.S. Jobless Claims fell 22K to 391K in February 19 Week; Compared to Survey of a decrease by 5K.
Continuing Jobless Claims:
U.S. February 12 Week Continuing Claims fell 145K to 3,790,000.
Chicago Fed National Activity:
Chicago Fed: January NAI 3-Month Moving Average fell 0.10 versus December decrease by 0.14; Chicago Fed: January National Activity Index fell 0.16 versus December increase by 0.18.
New Home Sales:
U.S. January New Home Sales Supply at 7.9 Months; U.S. December New Home Sales Revised to 325K from 329K; U.S. January New Home Sales fell 12.6% to 284K; Compared to Consensus of 300K.
Crude Oil Inventories from DOE:
U.S. Refineries Ran at 79.4% capacity; Was Seen at 81.60% capacity; U.S. Refineries Ran at 79.4% capacity versus 81.2% capacity a Week Ago; U.S. Distillate Stockpiles fell 1.333 Million Barrels in Week; Was Seen decreasing by 1 Million Barrels; U.S. Distillate Stockpiles fell 1.333 Million Barrels at 159.937 Million Barrels; U.S. Gasoline Stockpiles -2.798 Million Barrels in Week; Was Seen increasing by 0.3 Million Barrels; U.S. Crude Oil Stockpiles +0.822 Million Barrels in Week; Was Seen increasing by 1.1 Million Barrels; U.S. Gasoline Stockpiles fell 2.798 Million Barrels at 238.298 Million Barrels; U.S. Crude Oil Stockpiles +0.822 Million Barrels at 346.739 Million Barrels.
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 38.56 points, EOD 12,067.22
NYSE (New York Stock Exchange) shed 16.63, EOD 8,276.29
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 16.77 points, EOD 2,739.76
S&P 500 (SPX) shed 1.18 points, EOD 1,306.22
BEL 20 (BEL20) shed 13.29 points, EOD 2,665.97
CAC 40 (CAC40) shed 3.48 points, EOD 4,009.64
FTSE100 (UKX100) shed 3.55 points, EOD 5,919.98
NIKKEI 225 (NIK/O) shed 126.39 points, EOD 10,452.71
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,649, declined stock prices 1,407, unchanged stock prices 101, stock prices hitting new highs 85 and stock prices hitting new lows 17. 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: OCR gain 1.71, HOD 28.95, LOD 24.93, EOD 27.62; EOG shed 4.26, HOD 115.17, LOD 109.80, EOD 110.13; CME gain 3.30, HOD 306.20, LOD 299.91, EOD 304.70.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,612, declined stock prices 1,071, unchanged stock prices 109, stock prices hitting new highs 52 and stock prices hitting new lows 40. 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: SLXP shed 9.82, HOD 33.03, LOD 31.50, EOD 31.63; PCLN gain 36.84, HOD 469.40, LOD 453.11, EOD 462.83; IDCC shed 5.91, HOD 49.84, LOD 45.88, EOD 47.23; FFIV gain 5.00, HOD 117.30, LOD 110.74, EOD 116.99.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 248, declined stock prices 218, unchanged stock prices 41, stock prices hitting new highs 17 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 1304.50; Change -1.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,314.00; Change 10.50
E-mini DOW $5 (YM) Mar 10: EOD 12,044; Change -50
Nikkei 225 (Yen) Mar 10: EOD 10,425; Change -120
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7247 to U.S. Dollars 1.38
Japanese Yen 81.9250 to U.S. Dollars 0.0122
British Pound 0.6199 to U.S. Dollars 1.6100
Canadian Dollar 0.9830 to U.S. Dollars 1.02
Swiss Franc 0.9266 to U.S. Dollars 1.08
Energy Sector - Nymex:
Light Crude (April 11) shed $0.82, EOD $97.28 per barrel ($US per barrel)
Heating Oil (April 11) shed $0.02, EOD $2.89 a gallon ($US per gallon)
Natural Gas (March 11) shed $0.10, EOD $3.79 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) gain $0.00, EOD $2.87 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 11) gain $1.80, EOD $1,415.80 ($US per Troy ounce)
Silver (March 11) shed $0.13, EOD $33.17 ($US per Troy ounce)
Platinum (April 11) gain $10.10, EOD $1,786.80 ($US per Troy ounce)
Copper (March 11) gain $0.05, EOD $4.33 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) shed $1.47, EOD $89.50
Pork Bellies (February 11) gain $1.47, EOD $107.50
Live Cattle (April 11) shed $0.32, EOD $113.65
Feeder Cattle (March 11) gain $0.55, EOD $129.40
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 11) shed $5.75, EOD $696.50
Soybeans (May 11) shed $2.25, EOD $1,329.25
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