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Daily Market Commentary for February 5, 2010
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Dow Jones Industrial Average
Dow Jones Industrial Average fell again today, but rebounded all losses in the
afternoon. Yesterday, the Dow ended
the trading session down 268 points closing at 3 month lows, following a smaller
loss on Wednesday; early morning it was down 44 points. A large part of the
stock's decline is due to the rising concern that Greece, Spain and Portugal
will not be able to manage or pay their increasing debt; investors began selling
the euro and started buying the dollar, this week the euro lost 1.1%. Where the
problem lies, unlike in the U.S., the euro accounts for several countries
and if one of them struggles the euro suffers, analysts' say the troubles in
Europe isn't causing a severe problem in the markets yet. Investors seemed to be
focusing more on global affairs than the economic data; global markets were also
down, the troubles in Europe seem to be helping the dollar gain some ground
against other currencies. Economists do warn that these problems globally will
impact U.S. markets at some point. Another factor into the Dow's descent was the
Labor department's weekly report on jobs, giving worse than expected numbers.
There was good news in the report, the unemployment rate fell to 9.7% the lowest
rate since August 2009. Toyota chief executive apologized Today for the recall
of 8 million cars, he did not announce a new recall of the Prius Hybrid, there
have been rumored reports of brake problems. They said they would also be
examining braking systems on hybrid Lexus cars since they use the same braking
system. Five stocks fell for every two that rose on Wall Street today, volume
came to 127.3 million shares, as compared with the 100.5 million traded during
the same point Thursday. At the end of the trading session stocks rebounded, the
Dow recovered all of the morning's losses and gained 10 points. Bond prices
rose, the yield on the benchmark 10-year note fell to 3.56 from 3.59 Wednesday.
Commodity prices fell; gold fell $9.50 to $1,053.50 an ounce, crude oil fell
$1.49 to $71.65.
Economic data released today:
Nonfarm Payrolls:
U.S. January Nonfarm Payrolls fell 20K; Compared to Consensus of Unchanged;
U.S. January Manufacturing Payrolls rose 11K; Service-Producing rose 40K; U.S.
December Payrolls Revised to fall150K from a decrease by 85K.
Unemployment Rate:
U.S. January Unemployment Rate 9.7%; Compared to Consensus of 10.1%; U.S.
December Unemployment Left Unrevised at 10.0%.
Average Hourly Earnings:
U.S. January Average Hourly Earnings rose $0.05 to $18.89.
Average Weekly Hours:
U.S. January Overall Workweek rose 0.1 Hour to 33.3 Hours.
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 10.81 points, EOD 10,012.99
NYSE (New York Stock
Exchange) shed 5.11, EOD 6,782.75
National Association of Securities Dealers Automated Quotations (NASDAQ)
gain 15.62 points, EOD 2,141.05
S&P 500 (SPX) gain 3.67 points, EOD 1,066.21
BEL 20 (BEL20) shed 62.38 points, EOD 2,392.52
CAC 40 (CAC40) shed 125.49 points, EOD 3,563.76
FTSE100 (UKX100) shed 78.39 points, EOD 5,060.92
NIKKEI 225 (NIK/O) shed 29.53 points, EOD 10,057.09
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 1,338 declined stock prices 1,764, unchanged stock
prices 97, stock prices hitting new highs 20 and stock prices hitting new lows
30. 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: MA shed 1.37, HOD
225.40, LOD 217.15, EOD 220.74; RTP gain 2.37, HOD 195.30, LOD 185.56, EOD
195.30; PNK shed 0.03, HOD 7.70, LOD 7.10, EOD 7.39; MO shed 0.04, HOD 19.41,
LOD 19.14, EOD 19.38; CME gain 11.51, HOD 282.67, LOD 271.00, EOD 280.80; BLK
shed 2.3467, HOD 212.50, LOD 200.56, EOD 208.79; ARG gain 17.43, HOD 62.82, LOD
59.98, EOD 60.96; EDC shed 4.26, HOD 95.46, LOD 85.60, EOD 93.44; IOC gain 0.33,
HOD 61.32, LOD 57.18, EOD 61.00; FCX shed 3.49, HOD 70.29, LOD 66.03, EOD 70.23.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 1,464, declined stock prices 1,232, unchanged
stock prices 128, stock prices hitting new highs 16 and stock prices hitting new
lows 52. 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: AAPL gain 3.41, HOD 196.00, LOD
190.85, EOD 195.46; BIDU gain 7.94, HOD 449.24, LOD 439.15, EOD 448.80; ILMN
shed 1.14, HOD 36.81, LOD 34.25, EOD 35.48; TTMI shed 0.3827, HOD 9.44, LOD
8.60, EOD 8.95; SFSF shed 0.88, HOD 16.34, LOD 15.07, EOD 15.61; FSLR gain 0.73,
HOD 114.40, LOD 110.84, EOD 114.19; PFWD shed 4.25, HOD 11.71, LOD 10.43, EOD
10.60; AMAG shed 0.35, HOD 38.24, LOD 34.06, EOD 37.77; ISRG gain 41.21, HOD
326.45, LOD 315.52, EOD 325.41.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 229, declined stock prices 268, unchanged stock
prices 40, stock prices hitting new highs 3 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 1057.25; Change -4.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,738.00; Change 3.25
E-mini DOW $5 (YM) Mar 10: EOD 9,921; Change -58
E-mini S&P MidCap 400 (MF) Mar 10: EOD 691.90; Change -4.90
Nikkei 225 (Yen) Mar 10: EOD 9,925; Change -110
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7321 U.S. Dollars 1.3660
Japanese Yen 89.3900 to U.S. Dollars 0.0112
British Pound 0.6398 to U.S. Dollars 1.5630
Canadian Dollar 1.0703 to U.S. Dollars 0.9343
Swiss Franc 1.0728 to U.S. Dollars 0.9321
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 10) shed $1.49, EOD $71.65 per barrel ($US per barrel)
Heating Oil (March 10) shed $0.06, EOD $1.87 a gallon ($US per gallon)
Natural Gas (March 10) gain $0.11 EOD $5.52 per million BTU ($US per mmbtu.)
Unleaded Gas (March 10) shed $0.06 EOD $1.89 gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 10) shed $9.50, EOD $1,053.50 ($US per Troy ounce)
Silver (March 10) shed $0.47, EOD $14.88 ($US per Troy ounce)
Platinum (April 10) shed $34.30, EOD $1,481.00 ($US per Troy ounce)
Copper (March 10) shed $0.02, EOD $2.86 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) shed $0.20, EOD $66.73
Pork Bellies (May 10) shed $0.75, EOD $80.00
Live Cattle (April 10) gain $0.33, EOD $90.40
Feeder Cattle (March 10) gain $1.08, EOD $98.33
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 10) shed $2.00, EOD $352.00
Soybeans (March 10) gain $3.00, EOD $913.50
BOND MARKET:
2 year EOD 100 6/32, change 2/42, Yield 0.76, Yield change -0.04
5 year EOD 100 2/32, change 10/32, Yield 2.23 Yield change -0.07
10 year EOD 98 15/32, change 12/32, Yield 3.56 Yield change -0.04
30 year EOD 97 23/32, change 17/32, Yield 4.51, change -0.03
Access upcoming scheduled economic data anytime by viewing the
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Top of the page | |
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Total for Year |
Last Week |
$130,685.00 |
$8,382.00 |
|
| |
Total for Year |
Last Week |
$32,847.50 |
$2,557.50 |
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| |
Total for Year |
Last Week |
$123,550.00 |
$12,650.00 |
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Total for Year |
Last Week |
$106,480.00 |
$2,610.00 |
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Total for Year |
Last Week |
$0.00 |
$0.00 |
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