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Daily Market Commentary for July 22, 2010
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European News
Stocks rose triple digits on positive
European news and better than expected earnings. It was reported today that the
European composite index rose to 56.6 in July from 55.6 in June. Investors were
surprised to see the news; in recent months
Europe was being named as the reason the markets were falling. Everyone worried
that European countries were in severe debt and wouldn't be able to pay it; they
feared it would hurt a global recovery. The growth reported today was much
unexpected, as analysts' predicted the country could be headed for a recession.
European markets got a boost from today's report. Britain's FTSE 100 rose 1%,
DAX in Germany rose 1.6% and France's CAC 40 also rose, by 1.8% this morning.
Stocks had managed to gain over 200 points going into the afternoon; Investors
were impressed with today's earning reports. UPS was today's big winner, the
company reported earnings almost double what analysts were predicting. UPS
reported a second quarter net income of $845 million, or $0.84 per share;
analysts were expecting $0.77 per share. Other companies to report better than
expected earnings were AT&T and 3M; AT&T reported earnings of $0.61 per share,
better than the $0.57 per share analysts were expecting. Stocks continued to
rise throughout the session; with just under an hour left, the Dow was up over
220 points. Commodity prices rose; gold rose $3.90 to $1,195.50 and crude oil
rose $2.74 to $79.30 per barrel.
Economic data released today:
Initial Jobless Claims:
U.S. Week of July 10 Jobless Claims Revised to 427K from 429K; U.S. Week of
July 10 Continuing Claims fell 223K to 4,487,000; U.S. Jobless Claims rose 37K
to 464K in Week of July 17; Compared to Survey of an increase by 21K.
Existing Home Sales:
U.S. June Median Existing Home Price rose 1.0% on Year to $183,700; U.S.
Inventory of Unsold U.S. Homes at 8.9 Months Supply; U.S. June Existing Home
Sales Consensus 5.20M Rate; U.S. June Existing Home Sales fell 5.1% to 5.37M
Rate.
U.S. Conference Board Leading Index (MoM):
June Lagging Index rose 0.1%; June Coincident Index 0.0%; June Leading Index
fell 0.2%.
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 201.54 points, EOD 10,322.07
NYSE (New York Stock
Exchange) triple digit gain 170.04, EOD 6,901.20
National Association of Securities Dealers Automated Quotations (NASDAQ)
gain 58.19 points, EOD 2,245.52
S&P 500 (SPX) gain 23.74 points, EOD 1,093.33
BEL 20 (BEL20) gain 49.48 points, EOD 2,501.41
CAC 40 (CAC40) triple digit gain 106.65 points, EOD 3,600.57
FTSE100 (UKX100) gain 99.17 points, EOD 5,313.81
NIKKEI 225 (NIK/O) shed 57.95 points, EOD 9,220.88
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 2,688, declined stock prices 424, unchanged stock
prices 62, stock prices hitting new highs 171 and stock prices hitting new lows
18. 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:
SWI shed 3.81, HOD 13.94, LOD 12.52, EOD 12.71; CME gain 8.49, HOD 283.19,
LOD 275.14, EOD 281.64; EW gain 3.80, HOD 58.00, LOD 56.10, EOD 57.35.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock
market indicators for the trading session today:
Advanced stock prices 2,235, declined stock prices 453, unchanged stock
prices 91, stock prices hitting new highs 39 and stock prices hitting new lows
39. 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: MLNX shed 7.43, HOD 17.26, LOD 15.50, EOD
15.51; FFIV gain 10.57, HOD 83.85, LOD 79.40, EOD 83.68; AAPL gain 4.86, HOD
260.00, LOD 255.31, EOD 259.10; NFLX shed 16.22, HOD 112.47, LOD 101.75, EOD
103.43; ISRG gain 0.80, HOD 320.00, LOD 306.81, EOD 316.90; ITRI shed 4.73, HOD
60.80, LOD 52.58, EOD 58.00; FSLR gain 2.38, HOD 139.07, LOD 136.49, EOD 137.48;
BIDU gain 1.13, HOD 76.46, LOD 72.30, EOD 74.44.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 330, declined stock prices 140, unchanged stock
prices 46, stock prices hitting new highs 10 and stock prices hitting new lows
5.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1090.00; Change 26.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,861.50; Change 46.00
E-mini DOW $5 (YM) Mar 10: EOD 10,274; Change 216
E-mini S&P MidCap 400 (MF) Mar 10: EOD 750.90; Change 21.90
Nikkei 225 (Yen) Mar 10: EOD 9,360; Change 160
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7755 to U.S. Dollars 1.2900
Japanese Yen 86.9650 to U.S. Dollars 0.0115
British Pound 0.6548 to U.S. Dollars 1.5300
Canadian Dollar 1.0371 to U.S. Dollars 0.9624
Swiss Franc 1.0427 to U.S. Dollars 0.9589
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 10) gain $2.74, EOD $79.30 per barrel ($US per barrel)
Heating Oil (August 10) gain $0.07, EOD $2.06 a gallon ($US per gallon)
Natural Gas (August 10) gain $0.13, EOD $4.64 per million BTU ($US per mmbtu.)
Unleaded Gas (August 10) gain $0.07, EOD $2.15 gallon ($US per gallon)
Metals Markets - Comex:
Gold (July 10) gain $3.90, EOD $1,195.50 ($US per Troy ounce)
Silver (July 10) gain $0.31, EOD $18.12 ($US per Troy ounce)
Platinum (July 10) gain $0.60, EOD $1,525.40 ($US per Troy ounce)
Copper (July 10) gain $0.07, EOD $3.16 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 10) gain $1.12, EOD $82.62
Pork Bellies (July 10) gain $4.50, EOD $116.00
Live Cattle (August 10) shed $0.17, EOD $93.32
Feeder Cattle (August 10) gain $0.25, EOD $114.90
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) shed $3.25, EOD $376.50
Soybeans (August 10) gain $0.75, EOD $1,016.00
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 |
$336,904.00 |
$7,970.00 |
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Total for Year |
Last Week |
$123,350.71 |
$5,180.00 |
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| |
Total for Year |
Last Week |
$329,900.00 |
$12,550.00 |
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Total for Year |
Last Week |
$409,730.00 |
$7,770.00 |
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Total for Year |
Last Week |
$0.00 |
$0.00 |
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Futures Trading Room Performance for September 1, 2010
Forex Trading Room Performance for September 1, 2010
Daily Swing Trades Performance for September 1, 2010
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