Daily Market Commentary for March 16, 2011
US stocks fell triple digits over disappointing economic data and continued fears over Japan. (Read more at http://www.millennium-traders.com/news/USStocks.aspx
Economic data released today:
MBA Mortgage Applications:
U.S. MBA Market Index fell 0.7% at 510.7; Last Week 514.2; U.S. MBA Purchase Index fell 4.0% at 186.6; Last Week 194.4; U.S. MBA Refinance Index rose 0.9% at 2,406.3; Last Week 2,383.7.
Building Permits fell 8.2% to 517K Rate in February.
January Housing Starts Revised to +18.4% from +14.6%; U.S. February Housing Starts fell 22.5% to 479K; Compared to Consensus of a decrease by 4.4%.
U.S. January PPI Unrevised at +0.8%; U.S. February Passenger Car Prices rose 0.6%; U.S. February PPI Energy Prices rose 3.3%; U.S. February PPI Crude Goods rose 3.4%; Core rose 2.3%; U.S. February PPI Intermediate Goods rose 2.0%; Core rose 1.1%; U.S. February PPI Excluding-Food & Energy rose 0.2%; Compared to Consensus of an increase by 0.2%; U.S. February Producer Prices rose 1.6%; Compared to Consensus of an increase by 0.6%.
U.S. 3Q Current Account Revised to a Deficit of $125.5B versus a Deficit of $127.2B; U.S. 4Q Current Account Deficit $113.3B; was Seen at a Deficit of $110.0B.
Crude Oil Inventories released by DOE:
U.S. Refineries Ran at 83.4% capacity; Was Seen at 82.10%; U.S. Refineries Ran at 83.4% Vs 82.0% capacity a Week Ago; U.S. Distillate Stockpiles fell 2.601 Million Barrels in Week; Was Seen decreasing by 1.5 Million Barrels; U.S. Distillate Stockpiles fell 2.601 Million Barrels at 152.608 Million Barrels; U.S. Gasoline Stockpiles fell 4.174 Million Barrels in Week; Was Seen decreasing by 1.8 Million Barrels; U.S. Gasoline Stockpiles fell 4.174 Million Barrels at 225.04 Million Barrels; U.S. Crude Oil Stockpiles rose 1.745 Million Barrels in Week; Was Seen increasing by 1.1 Million Barrels; U.S. Crude Oil Stockpiles rose 1.745 Million Barrels at 350.636 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 241.13 points, EOD 11,614.29
NYSE (New York Stock Exchange) shed 161.28, EOD 9,930.83
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 49.86 points, EOD 2,617.47
S&P 500 (SPX) shed 25.01 points, EOD 1,256.86
BEL 20 (BEL20) shed 42.52 points, EOD 2,522.96
CAC 40 (CAC40) shed 84.29 points, EOD 3,696.56
FTSE100 (UKX100) shed 97.05 points, EOD 5,598.23
NIKKEI 225 (NIK/O) triple digit gain 488.57 points, EOD 9,093.72
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 738, declined stock prices 2,377, unchanged stock prices 71, stock prices hitting new highs 37 and stock prices hitting new lows 49. 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: CCJ shed 2.85, HOD 32.87, LOD 28.51, EOD 29.72; CRM shed 1.17, HOD 128.25, LOD 123.15, EOD 124.38; CME shed 5.21, HOD 287.41, LOD 279.58, EOD 280.69; RIO shed 2.46, HOD 64.24, LOD 61.07, EOD 61.07; PAY gain 0.80, HOD 52.77, LOD 51.11, EOD 52.26; AGQ shed 3.50, HOD 196.21, LOD 182.44, EOD 185.76; CAJ shed 3.02, HOD 44.25, LOD 42.29, EOD 42.71; FDX shed 2.55, HOD 87.66, LOD 85.03, EOD 85.12.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 756, declined stock prices 1,926, unchanged stock prices 84, stock prices hitting new highs 35 and stock prices hitting new lows 74. 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: APKT shed 1.32, HOD 74.57, LOD 69.00, EOD 69.97; AAPL shed 15.42, HOD 343.00, LOD 326.26, EOD 330.01; NFLX shed 3.27, HOD 223.37, LOD 212.25, EOD 213.84; PANL gain 7.28, HOD 46.00, LOD 40.97, EOD 45.46; GPOR gain 0.89, HOD 32.02, LOD 29.81, EOD 30.63.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 194, declined stock prices 280, unchanged stock prices 30, stock prices hitting new highs 2 and stock prices hitting new lows 8.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1254.00; Change -21.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,205.50; Change -39.50
E-mini DOW $5 (YM) Mar 10: EOD 11,566; Change -223
Nikkei 225 (Yen) Mar 10: EOD 8555; Change -390
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7193 to U.S. Dollars 1.39
Japanese Yen 79.8450 to U.S. Dollars 0.0125
British Pound 0.6240 to U.S. Dollars 1.6000
Canadian Dollar 0.9915 to U.S. Dollars 1.01
Swiss Franc 0.9082 to U.S. Dollars 1.10
Energy Sector - Nymex:
Light Crude (April 11) gain $0.80, EOD $97.98 per barrel ($US per barrel)
Heating Oil (April 11) gain $0.04, EOD $3.00 a gallon ($US per gallon)
Natural Gas (April 11) shed $0.00, EOD $3.94 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) gain $0.04, EOD $2.84 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 11) gain $3.30, EOD $1,396.10 ($US per Troy ounce)
Silver (May 11) gain $0.35, EOD $34.47 ($US per Troy ounce)
Platinum (April 11) shed $5.10, EOD $1,700.50 ($US per Troy ounce)
Copper (May 11) gain $0.06, EOD $4.20 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) gain $0.65, EOD $95.40
Pork Bellies (March 11) unchanged, EOD $117.00
Live Cattle (June 11) shed $3.00, EOD $110.65
Feeder Cattle (August 11) shed $3.00, EOD $130.85
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 11) shed $19.50, EOD $616.50
Soybeans (May 11) gain $17.00, EOD $1,287.00
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