Boeing Dreamliner

After delaying it's first flight for the Boeing Dreamliner 5 times, shares of Boeing (BA) were down $3.85 (8.2%) to 43.05 this afternoon, reinforcement on the side- of -body is the reason for the delay. "Structural modifications like these are not uncommon in the development of new airplanes, and this is not an issue related to our choice of materials or the assembly and installation work of our team," said head of Boeing's commercial- plane business, Scott Carson. On June 16th at the Paris Air Show Carson went on record stating that the 787 Dreamliner " could fly today", but was sure the plane would be in air by the end of the month. Dreamliner was built with a lightweight carbon part for better fuel efficiency, and will seat 250 people. Original scheduled first flight was supposed to take place in September 2007. Boeing has not yet released the new date for the Dreamliner's first flight, however there are 865 orders for the aircraft. In other news the stock market was rather bouncy today. It seemed as though the Fed's decision on interest rates, set to come out tomorrow,  may have played a roll in the inconsistency.

Economic data released today:

Existing Home Sales:
US May Existing Home Sales +2.4% To 4.77M Rate
US May Existing Home Sales Consensus 4.80M Rate
US Inventory Of Unsold US Homes At 9.6 Months Supply
US May Median Existing Home Price -16.8% On Yr To $173,000

Richmond Manufacturing Index: 
Jun Services Revenues Index -26 Vs May -29
Jun Retail Revenues Index -18 Vs May -13
 

BEL 20 (BEL20) gain 18.01 points, EOD 1,966.43
CAC 40 (CAC40) shed 6.43 points, EOD 3,116.82
FTSE100 (UKX100) shed 4.03 points, EOD 4,230.02

NIKKEI 225 (NIK/O) Triple Digit Loss 276.66 points, EOD 9,549.61

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,397, declined stock prices 1,606, unchanged stock prices 103, stock prices hitting new highs 4 and stock prices hitting new lows 9.

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: CME gain 0.07, HOD 306.85, LOD 291.89, EOD 303.55; RTP gain 6.21, HOD 160.83, LOD 154.71, EOD 159.01; BHP gain 0.83, HOD 54.27, LOD 52.18, EOD 53.98; APA gain 0.22, HOD 72.57, LOD 70.33, EOD 71.22; COP gain 0.82, HOD 41.54, LOD 40.54, EOD 41.25; POT gain 4.81, HOD 92.78, LOD 87.27, EOD 92.08; BA shed 3.03, HOD 44.50, LOD 42.52, EOD 43.87; FCX gain 2.00, HOD 47.80, LOD 45.70, EOD 47.18.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,101, declined stock prices 1,611, unchanged stock prices 136, stock prices hitting new highs 13 and stock prices hitting new lows 18.

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:

FSLR gain 2.12, HOD 166.98, LOD 158.77, EOD 164.42; SWHC shed 0.33, HOD 5.55, LOD 5.05, EOD 5.42; RMBS shed 2.98, HOD 16.19, LOD 14.84, EOD 14.85; BIDU gain 5.18, HOD 279.74, LOD 265.54, EOD 272.84; AAPL shed 3.36, HOD 136.95, LOD 132.88, EOD 134.01; SYNA shed 0.40, HOD 36.96, LOD 35.15, EOD 36.36; FEED gain 0.12, HOD 5.87, LOD 5.52, EOD 5.65; BEAT shed 0.97, HOD 16.00, LOD 14.28, EOD 15.01; WYNN shed 0.29, HOD 35.11, LOD 32.71, EOD 33.99.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 225, declined stock prices 309, unchanged stock prices 53, stock prices hitting new highs 5 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) Sept 09: EOD 889.75; Change -0.50

E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,423.25; Change -0.75
E-mini DOW $5 (YM) Sept 09: EOD 8,260; Change 3
E-mini S&P MidCap 400 (MF) Sept 09: EOD 551.00; Change -0.10

Nikkei 225 (Yen) Sept 09: EOD 9,550; Change -50

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7098 to U.S. Dollars 1.4088
Japanese Yen 95.0990 to U.S. Dollars 0.0105
British Pound 0.6080 to U.S. Dollars 1.6448
Canadian Dollar 1.1507 to U.S. Dollars 0.8690
Swiss Franc 1.0660 to U.S. Dollars 0.9381

COMMODITY MARKETS:
Energy Sector - Nymex:

Light Crude (July 09) shed $0.07, EOD $67.43 per barrel ($US per barrel)
Heating Oil (August 09) gain $0.02, EOD $1.79 a gallon ($US per gallon)
Natural Gas (August 09) gain $0.02, EOD $4.09 per million BTU ($US per mmbtu.)
Unleaded Gas (July 09) shed $0.06, EOD $1.86 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) gain $3.30, EOD $924.30 ($US per Troy ounce)
Silver (July 09) shed $0.14, EOD $13.85 ($US per Troy ounce)
Platinum (July 09) shed $3.70, EOD $1,165.40 ($US per Troy ounce)
Copper (September 09) gain $0.07, EOD $2.21 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 09) shed 0.45, EOD 60.40
Pork Bellies (August 09) gain 1.60, EOD 64.40
Live Cattle (August 09) gain 0.25, EOD 83.10
Feeder Cattle (August 09) gain 0.83, EOD 99.75

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain 1.75, EOD 407.25

Soybeans (November 09) gain 19.00, EOD 1,000.00

BOND MARKET:

2 year EOD 99 18/32, change 2/32, Yield 1.10, Yield change -0.03
5 year EOD 97 30/32, change 132, Yield 2.69, Yield change -0.01
10 year EOD 95 19/32, change 7/32, Yield 3.65, Yield change -0.03
30 year EOD 97 16/32, change 20/32, Yield  4.39, change -0.04

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.