Daily Market Commentary for February 28, 2011
Investors got a confidence boost from the latest personal income report. (Read more at http://www.millennium-traders.com/news/marketcommentaryfebruary282011.aspxMillennium-Traders.Com
Economic data released today:
Personal Income/Spending (MoM):
U.S. Personal Income rose 1.0% in January; Compared to Consensus of an increase by 0.4%; December Personal Income Unrevised at +0.4%; December Spending Revised to +0.5% from +0.7%.
Core PCE Price Index (MoM):
U.S. ISM-New York: February Current Business Index 77.5 versus 71.2 in January; January PCE Price Index rose 0.3% Rate on Month; rose 1.2% on Year; January PCE Core Price Index rose 0.1% Rate on Month; rose 0.8% on Year.
U.S. Chicago Purchasing Management February New Orders Index 75.9 versus January 75.7; U.S. Chicago Purchasing Management February Supplier Deliveries 64.1; versus January 59.8; U.S. Chicago Purchasing Management February Prices Paid Index 81.2 versus January 81.7; U.S. Chicago Purchasing Management Adjusted February Index 71.2 versus January 68.8; U.S. Chicago Purchasing Management February Employment Index 59.8 versus January 64.1.
Pending Home Sales (MoM) by NAR:
U.S. January Pending Home Sales fell 1.5% from January 2010; U.S. Pending Home Sales Index fell 2.8% to 88.9 in January.
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 97.37 points, EOD 12,227.82
NYSE (New York Stock Exchange) gain 59.76, EOD 8,437.80
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 1.07 points, EOD 2,779.98
S&P 500 (SPX) gain 6.61 points, EOD 1,326.49
BEL 20 (BEL20) gain 14.68 points, EOD 2,707.09
CAC 40 (CAC40) gain 39.97 points, EOD 4,110.35
FTSE100 (UKX100) shed 7.19 points, EOD 5,994.01
NIKKEI 225 (NIK/O) gain 97.33 points, EOD 10,624.09
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,045, declined stock prices 1,058, unchanged stock prices 83, stock prices hitting new highs 260 and stock prices hitting new lows 22. 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: HBC shed 2.18, HOD 55.21, LOD 54.31, EOD 55.09; RIG gain 2.00, HOD 84.80, LOD 81.35, EOD 84.80; CMG shed 3.48, HOD 252.73, LOD 243.64, EOD 244.88; CRM shed 7.00, HOD 137.42, LOD 128.36, EOD 131.83; EOG gain 0.45, HOD 49.21, LOD 48.60, EOD 48.87; CME shed 1.88, HOD 316.68, LOD 311.19, EOD 311.67.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,357, declined stock prices 1,360, unchanged stock prices 115, stock prices hitting new highs 150 and stock prices hitting new lows 24. 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 4.36, HOD 175.89, LOD 172.15, EOD 172.88; AAPL gain 4.98, HOD 355.05, LOD 351.12, EOD 353.14; NFLX shed 6.55, HOD 214.31, LOD 203.00, EOD 205.89; FFIV shed 2.13, HOD 120.96, LOD 116.58, EOD 118.05; JOYG gain 3.25, HOD 97.24, LOD 94.08, EOD 97.18; ITMN shed 0.83, HOD 38.01, LOD 36.34, EOD 36.55; APKT shed 1.58, HOD 77.64, LOD 72.30, EOD 75.07.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 288, declined stock prices 213, unchanged stock prices 26, stock prices hitting new highs 25 and stock prices hitting new lows 3.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1325.50; Change 6.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,348.50; Change 2.75
E-mini DOW $5 (YM) Mar 10: EOD 12,211; Change 101
Nikkei 225 (Yen) Mar 10: EOD 10,665; Change 115
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7244 to U.S. Dollars 1.38
Japanese Yen 81.7650 to U.S. Dollars 0.0122
British Pound 0.6150 to U.S. Dollars 1.6300
Canadian Dollar 0.9716 to U.S. Dollars 1.03
Swiss Franc 0.9288 to U.S. Dollars 1.08
Energy Sector - Nymex:
Light Crude (April 11) shed $0.91, EOD $96.97 per barrel ($US per barrel)
Heating Oil (April 11) shed $0.00, EOD $2.94 a gallon ($US per gallon)
Natural Gas (April 11) gain $0.03, EOD $4.04 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) shed $0.01, EOD $2.89 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 11) gain $0.60, EOD $1,409.90 ($US per Troy ounce)
Silver (March 11) gain $0.90, EOD $33.80 ($US per Troy ounce)
Platinum (April 11) gain $5.80, EOD $1,809.20 ($US per Troy ounce)
Copper (March 11) gain $0.04, EOD $4.48 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) shed $1.45, EOD $88.75
Pork Bellies (March 11) unchanged, EOD $116.50
Live Cattle (April 11) shed $1.15, EOD $112.95
Feeder Cattle (March 11) gain $0.25, EOD $130.08
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (October 11) gain $9.00, EOD $731.00
Soybeans (May 11) shed $10.25, EOD $1,364.75
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