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Daily Market Commentary for February 9, 2010
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Greece
Investor's confidence was restored today on
talk that funds may be provided to Greece. Greece has been the topic on
investor's minds, they have been closely watching news concerning the country to
see what happens as far as their financial stability is concerned. Concerns
started growing at the end of last week sending stocks into negative territory;
Greece has a rising debt that many fear they will not be able to repay, it is
rumored that the European Union will step in and help out by asking Greek debt
holders to eliminate some of the debt owed by Greece. It also had rumors
swirling the the European Central Bank was going to give some type of bailout to
the struggling country however, policymakers said that Greece must get its own
house in order as the European Central Bank cannot bail it out. Bank President
Jean-Claude Trichets early departure from a meeting in Sydney with central
bankers to attend a European Union leaders' summit, which lead many believe he
is going to address the current situation. European stocks rose this morning
along with the euro, which for days has fallen against the dollar. Investors
will continue to watch the situation in Greece and depending on what happens,
analysts say it could affect U.S. markets.
Company earning reports were strong today,
Atlanta based Coca Cola reported sales rose 5.3% to $7.51 billion during the
fourth-quarter, well above the 1% economists expected. Fourth-quarter profit
soared 55% from a year earlier to $1.54 billion, or $0.66 a share, results were
in line with what analysts' predicted. Coca-Cola saw a 3.5% rise in shares this
morning. Another company to see good fourth-quarter results was McDonald's, the
fast food mega giant reported a 2.6% surge in global same-store sales in
January, surprisingly U.S. sales fell 0.7%. Stocks rose today, the Dow was up
150 points halfway through the trading session, bond prices continued their
fall, the yield on the benchmark 10-year note rose to 3.64 from 3.59 Monday.
Commodities rose; gold rose $5.80 to $1,072.00 an ounce and crude oil rose $1.94
to $73.83.
Economic data released today:
Redbook:
U.S. Retail Sales First Week February rose 1.7% versus January; U.S. Retail
Sales First Week February rose 1.7% versus January; U.S. Retail Sales rose 2.0%
Week Ending February 6 versus Year Ago; U.S. Retail Sales up 1.7% in 1st Week of
February versus January.
IBD/TIPP Economic Optimism:
U.S. February IBD/TIPP 6-Month Economic Outlook 48.7; U.S. February IBD/TIPP
Economic Optimism Index 46.8 versus 48.8 in January.
Wholesale Inventories;
U.S. December Wholesale Inventories fell 0.8%; Expected to rise by 0.5%.
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) triple digit gain 147.07 points, EOD 10,055.46
NYSE (New York Stock
Exchange) triple digit gain 121.29, EOD 6,835.16
National Association of Securities Dealers Automated Quotations (NASDAQ)
gain 24.1 points, EOD 2,150.15
S&P 500 (SPX) gain 13.82 points, EOD 1,070.56
BEL 20 (BEL20) gain 11.03 points, EOD 2,413.18
CAC 40 (CAC40) gain 5.49 points, EOD 3,612.76
FTSE100 (UKX100) gain 19.51 points, EOD 5,111.84
NIKKEI 225 (NIK/O) shed 4.37 points, EOD 9,932.90
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 2,398 declined stock prices 711, unchanged stock
prices 80, stock prices hitting new highs 41 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: RTP gain 12.70, HOD
203.29, LOD 197.42, EOD 200.28; EDC gain 8.47, HOD 102.65, LOD 95.80, EOD
100.04; CME gain 2.90, HOD 287.80, LOD 280.21, EOD 283.18; FAS gain 1.51, HOD
64.60, LOD 61.10, EOD 63.33; CMP gain 6.69, HOD 72.34, LOD 65.16, EOD 71.99; NBG
gain 0.84, HOD 4.37, LOD 3.80, EOD 4.26; POT gain 4.10, HOD 106.95, LOD 103.32,
EOD 105.61; HAR gain 5.69, HOD 42.06, LOD 38.02, EOD 41.19; CAM gain 2.42, HOD
39.85, LOD 37.80, EOD 39.33; HIG shed 1.12, HOD 23.82, LOD 21.97, EOD 22.34; ANR
gain 1.43, HOD 43.48, LOD 41.46, EOD 41.83.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 1,932, declined stock prices 765, unchanged
stock prices 120, stock prices hitting new highs 37 and stock prices hitting new
lows 28. 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: GOOG gain 2.97, HOD 541.53, LOD
535.07, EOD 536.44; FSYS shed 2.19, HOD 36.19, LOD 30.66, EOD 31.12; AAPL gain
2.07, HOD 197.50, LOD 194.75, EOD 196.19; ANDE shed 0.16, HOD 29.33, LOD 28.03,
EOD 28.76; AMZN gain 1.20, HOD 119.09, LOD 117.00, EOD 118.03.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 345, declined stock prices 151, unchanged stock
prices 44, stock prices hitting new highs 8 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 1067.50; Change 11.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,751.00; Change 16.50
E-mini DOW $5 (YM) Mar 10: EOD 10,017; Change 122
E-mini S&P MidCap 400 (MF) Mar 10: EOD 699.30; Change 6.10
Nikkei 225 (Yen) Mar 10: EOD 10,035; Change 165
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7257 U.S. Dollars 1.3779
Japanese Yen 89.6300 to U.S. Dollars 0.0112
British Pound 0.6369 to U.S. Dollars 1.5700
Canadian Dollar 1.0675 to U.S. Dollars 0.9368
Swiss Franc 1.0649 to U.S. Dollars 0.9391
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 10) gain $1.94, EOD $73.83 per barrel ($US per barrel)
Heating Oil (March 10) gain $0.05, EOD $1.94 a gallon ($US per gallon)
Natural Gas (March 10) shed $0.10 EOD $5.30 per million BTU ($US per mmbtu.)
Unleaded Gas (March 10) gain $0.04 EOD $1.93 gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 10) gain $5.80, EOD $1,072.00 ($US per Troy ounce)
Silver (March 10) gain $0.35, EOD $15.44 ($US per Troy ounce)
Platinum (April 10) gain $21.70, EOD $1,502.70 ($US per Troy ounce)
Copper (March 10) gain $0.08, EOD $3.00 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) shed $0.93, EOD $67.85
Pork Bellies (March 10) gain $1.05, EOD $83.50
Live Cattle (April 10) gain $0.68, EOD $91.48
Feeder Cattle (March 10) gain $0.75, EOD $99.98
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 10) gain $2.75, EOD $358.50
Soybeans (March 10) shed $6.00, EOD $924.50
BOND MARKET:
2 year EOD 100 2/32, change -4/42, Yield 0.83, Yield change 0.07
5 year EOD 99 22/32, change -12/32, Yield 2.31 Yield change 0.08
10 year EOD 97 26/32, change -20/32, Yield 3.64 Yield change 0.08
30 year EOD 96 24/32, change -1 8/32, Yield 4.57, change 0.08
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 |
$296,530.00 |
$11,526.00 |
|
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Total for Year |
Last Week |
$184,983.71 |
$7,197.50 |
|
| |
Total for Year |
Last Week |
$407,600.00 |
$13,100.00 |
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| |
Total for Year |
Last Week |
$344,560.00 |
$20,460.00 |
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Total for Year |
Last Week |
$0.00 |
$0.00 |
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