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Daily Market Commentary for March 11, 2010
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Christopher Dodd
Senate Banking Committee Chairman
Christopher Dodd said Thursday, he will move ahead with financial regulation
regardless of bipartisan backing. Chairman Dodd has been negotiating with Bob
Corker, a GOP committee member from Tennessee
on a bipartisan bill for over a month. In a statement, Dodd said "I have been
fortunate to have a strong partner in Senator Corker and my new proposal
will reflect his input and the good work done by many of our colleagues," Dodd
said. "Our talks will continue and it is still our hope to come to agreement on
a strong bill all of the Senate can be proud to support." Senator Corker said
that the "decision was very disappointing." Corker said that he and
Dodd had made important
progress and the two of them agreed on issues such as consumer protections, one
of the issues that many tend to disagree on most. "He made me aware that with
reconciliation coming, he felt a need to go ahead and, regardless of where we
were in negotiations to put forth a bill on Monday." Stocks struggled today
after China reported a rise in inflation. China reported the inflation rate rose
to 2.7 % in February from 1.5% in January; investors worry the sudden rise in
inflation will cause them to raise interest rates. Investors got a mixed report
from the Labor Department when they gave their weekly report on the number of
Americans filing for first time unemployment benefits. The Department said new
claims actually fell to 462,000 from a revised 468,000 the previous week, but
missed analysts' predictions of 460,000. However, continuing claims rose to
4,558,000, up 37,000 from last week's reading of 4,521,000, analysts predicted
4,500,000 claims. Over the past four days stocks have been trading in tight
range, with light volume. With a little over an hour left in the session the Dow
was only up 4 points. Commodity prices were mixed, gold stayed at $1,108.10 and
crude oil rose $0.12 to $82.21. Bond prices fell, the yield on the benchmark
10-year note rose to 3.72 from 3.71 Wednesday.
Economic data released today:
Trade Balance:
U.S. December Trade Balance Revised to Deficit $39.90B from Deficit $40.18B;
U.S. January Trade Deficit $37.29B; Compared to Consensus Deficit $41.0B; U.S.
January Exports $142.66B, fell 0.3%; Imports $179.95B, fell 1.7%.
Initial Jobless Claims:
U.S. February 27 Week Jobless Claims Revised to 468K from 469K; U.S.
February 27 Week Continuing Claims rose 37K to 4,558,000; U.S. Jobless Claims
fell 6K to 462K in Week of March 6; compared to Survey of a decrease by 9K.
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 41.19 points, EOD 10,608.52
NYSE (New York Stock
Exchange) gain 25.54, EOD 7,353.21
National Association of Securities Dealers Automated Quotations (NASDAQ)
gain 8.09 points, EOD 2,367.04
S&P 500 (SPX) gain 4.23 points, EOD 1,149.84
BEL 20 (BEL20) shed 20.64 points, EOD 2,613.52
CAC 40 (CAC40) shed 14.6 points, EOD 3,928.95
FTSE100 (UKX100) shed 23.31, EOD 5,617.26
NIKKEI 225 (NIK/O) gain 17.05 points, EOD 10,664.95
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 1,781, declined stock prices 1,300, unchanged stock
prices 109, stock prices hitting new highs 282 and stock prices hitting new lows
8. 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: AIG shed 1.12, HOD
38.45, LOD 35.02, EOD 35.12; RTP shed 0.27, HOD 224.46, LOD 219.00, EOD 224.23;
MA gain 0.59, HOD 250.50, LOD 246.14, EOD 250.19; CME gain 5.38, HOD 313.28, LOD
305.92, EOD 313.28; BLK shed 5.29, HOD 215.46, LOD 209.65, EOD 210.41; MW shed
1.28, HOD 24.14, LOD 22.90, EOD 23.55.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 1,516, declined stock prices 1,140, unchanged
stock prices 154, stock prices hitting new highs 195 and stock prices hitting new
lows 9. 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: HITK gain 1.15, HOD 27.00, LOD 25.77,
EOD 26.65; AAPL gain 0.66, HOD 225.50, LOD 223.32, EOD 225.50; IMAX shed 0.16,
HOD 17.60, LOD 15.03, EOD 15.86; FSLR gain 2.74, HOD 115.70, LOD 109.95, EOD
113.69; GYMB gain 5.09, HOD 51.94, LOD 49.15, EOD 51.38; BIDU gain 4.93, HOD
556.37, LOD 545.38, EOD 554.10; HOLX gain 1.73, HOD 19.56, LOD 17.40, EOD 19.28;
GEOY gain 3.77, HOD 29.35, LOD 27.00, EOD 28.50; HOTT shed 0.30, HOD 6.56, LOD
6.10, EOD 6.25.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 268, declined stock prices 211, unchanged stock
prices 49, stock prices hitting new highs 23 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 1149.50; Change 3.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,923.00; Change 4.25
E-mini DOW $5 (YM) Mar 10: EOD 10,606; Change 41
E-mini S&P MidCap 400 (MF) Mar 10: EOD 781.90; Change 4.30
Nikkei 225 (Yen) Mar 10: EOD 10,700; Change 85
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7310 U.S. Dollars 1.3680
Japanese Yen 90.5500 to U.S. Dollars 0.0110
British Pound 0.6641 to U.S. Dollars 1.5059
Canadian Dollar 1.0238 to U.S. Dollars 0.9768
Swiss Franc 1.0683 to U.S. Dollars 0.9361
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 10) gain $0.12, EOD $82.21 per barrel ($US per barrel)
Heating Oil (April 10) unchanged, EOD $2.12 a gallon ($US per gallon)
Natural Gas (May 10) shed $0.11, EOD $4.51 per million BTU ($US per mmbtu.)
Unleaded Gas (April 10) shed $0.01, EOD $2.27 gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 10) unchanged, EOD $1,108.10 ($US per Troy ounce)
Silver (May 10) gain $0.15, EOD $17.17 ($US per Troy ounce)
Platinum (April 10) gain $20.80, EOD $1,611.00 ($US per Troy ounce)
Copper (May 10) gain $0.01, EOD $3.38 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 10) shed $0.45, EOD $80.20
Pork Bellies (May 10) shed $0.50, EOD $92.50
Live Cattle (June 10) gain $0.23, EOD $91.95
Feeder Cattle (April 10) gain $0.08, EOD $105.10
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) unchanged, EOD $365.25
Soybeans (May 10) shed $26.50, EOD $930.50
BOND MARKET:
2 year EOD 99 27/32, change -3/32, Yield 0.95, Yield change 0.05
5 year EOD 99 26/32, change -5/32, Yield 2.41 Yield change 0.03
10 year EOD 99 5/32, change 2.10/32, Yield 3.72 Yield change 0.00
30 year EOD 99 10/32, change 12/32, Yield 4.66, change -0.02
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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 |
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| |
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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News & Commentary
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Futures Trading Room Performance for July 29, 2010
Forex Trading Room Performance for July 29, 2010
Daily Swing Trades Performance for July 29, 2010
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