Daily Market Commentary for January 27, 2011
Today the S&P 500 touched 1,300 as corporate news and better than expected economic data helped push stocks higher. (Read more at Millennium-Traders.Com)
Economic data released today:
Initial Jobless Claims:
U.S. January 15 Week Jobless Claims Revised to 403K from 404K; Labor Department Analyst Says Claims Likely Distorted By Snow; U.S. Jobless Claims rose 51K to 454K in January 22 Week; Compared to Survey of an increase by 1K.
Continuing Jobless Claims:
U.S. January 15 Week Continuing Claims rose 94K to 3,991,000.
Durable Goods Orders (MoM):
U.S. Dec Durable Goods Orders fell 2.5%; Compared to Consensus of an increase by 1.4%; December Durable Goods Orders, Ex-Transportation, rose 0.5%; December Durable Goods Orders, Ex-Defense, fell 2.5%; November Durable Goods Orders Revised To fall 0.1% from -0.3%; November Durable Goods Ex Trans Revised To rise 4.5% from +2.4%; Chicago Fed: December Midwest Manufacturing Index rose 0.3% on Month; rose 8.3% on Year.
Chicago Fed National Activity:
Chicago Fed: December NAI 3-Month Moving Average fell 0.22 versus November -0.36; Chicago Fed: December National Activity Index rose 0.03 versus November -0.40; Chicago Fed: December Resources Output rose 0.3% MoM; rose 6.3% YoY; Chicago Fed: December Machinery Output rose 0.5% MoM; rose 11.6% YoY; Chicago Fed: December Steel Output rose 1.2% MoM; rose 17.1% YoY; Chicago Fed: December Regional Auto Output fell 0.2% MoM; rose 6.0% YoY; Chicago Fed: December Midwest Manufacturing Index rose 0.3% MoM; rose 8.3% on Year; November Durable Goods Ex Trans Revised To rose 4.5% from rose 2.4%.
Pending Home Sales (MoM):
U.S. November Pending Home Sales Revised to rise 3.1% from +3.5%; U.S. December Pending Home Sales fell 4.2% from Dec 2009; U.S. Pending Home Sales Index rose 2.0% to 93.7 in December.
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 4.39 points, EOD 11,989.83
NYSE (New York Stock Exchange) gain 13.44, EOD 8,207.08
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 16.36 points, EOD 2,755.86
S&P 500 (SPX) gain 2.59 points, EOD 1,299.22
BEL 20 (BEL20) gain 8.69 points, EOD 2,678.23
CAC 40 (CAC40) gain 10.5 points, EOD 4,059.57
FTSE100 (UKX100) gain 4.13 points, EOD 5,965.08
NIKKEI 225 (NIK/O) gain 76.76 points, EOD 10,478.66
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,713, declined stock prices 1,342, unchanged stock prices 102, stock prices hitting new highs 253 and stock prices hitting new lows 10. 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: CRM gain 0.30, HOD 131.00, LOD 127.43, EOD 128.59; IOC shed 0.24, HOD 72.00, LOD 69.17, EOD 70.51; POT gain 5.23, HOD 178.71, LOD 168.62, EOD 173.85; MUR shed 7.46, HOD 67.40, LOD 63.60, EOD 65.77; APA shed 5.89, HOD 121.90, LOD 114.30, EOD 116.21; CF shed 0.75, HOD 138.15, LOD 133.09, EOD 133.81.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,388, declined stock prices 1,305, unchanged stock prices 118, stock prices hitting new highs 159 and stock prices hitting new lows 17. 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: BIDU gain 1.10, HOD 109.92, LOD 107.20, EOD 109.05; NFLX gain 27.84, HOD 211.79, LOD 204.58, EOD 210.87; FFIV gain 2.13, HOD 112.50, LOD 109.49, EOD 110.94.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 221, declined stock prices 257, unchanged stock prices 37, stock prices hitting new highs 14 and stock prices hitting new lows 4.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1296.00; Change 2.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,328.50; Change 10.00
E-mini DOW $5 (YM) Mar 10: EOD 11,937; Change 1
Nikkei 225 (Yen) Mar 10: EOD 10,500; Change 60
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7278 to U.S. Dollars 1.37
Japanese Yen 82.8750 to U.S. Dollars 0.0121
British Pound 0.6276 to U.S. Dollars 1.5900
Canadian Dollar 0.9936 to U.S. Dollars 1.01
Swiss Franc 0.9454 to U.S. Dollars 1.06
Energy Sector - Nymex:
Light Crude (March 11) shed $1.69, EOD $85.64 per barrel ($US per barrel)
Heating Oil (March 11) shed $0.01, EOD $2.66 a gallon ($US per gallon)
Natural Gas (February 11) shed $0.17, EOD $4.32 per million BTU ($US per mmbtu.)
Unleaded Gas (March 11) shed $0.04, EOD $2.41 gallon ($US per gallon)
Metals Markets - Comex:
Gold (February 11) shed $14.60, EOD $1,318.40 ($US per Troy ounce)
Silver (March 11) shed $0.09, EOD $27.03 ($US per Troy ounce)
Platinum (April 11) gain $6.60, EOD $1,803.50 ($US per Troy ounce)
Copper (March 11) gain $0.07, EOD $4.34 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) shed $0.12, EOD $90.00
Pork Bellies (February 11) gain $1.00, EOD $109.00
Live Cattle (April 11) shed $0.07, EOD $112.20
Feeder Cattle (March 11) shed $0.55, EOD $125.57
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) shed $7.00, EOD $650.75
Soybeans (March 11) gain $14.00, EOD $1,399.50
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