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Daily Market Commentary for November 19, 2009
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FAA
Airline stocks were falling today due to current delays caused by
malfunctions from the FAA system that collects flight plans. Hartsfield-Jackson
Atlanta International Airport was the first of several airports to report the
problem, which occurred this morning at around 5:15 and 5:30 AM. The glitch is
affecting mostly flight plans but is also affecting ground stops and ground
delays, airplane dispatchers are sending plans to controllers who are
programming them into computers manually. Officials aren't sure how long it is
going to take to fix the problem, this is the second time in 15 months that the
FAA has had this problem. Other airports that are being affected by the
malfunction are in Fort Lauderdale Florida, New York metropolitan area airports,
and Salt Lake City, they all reported only minor delays. Hartsfield-Jackson
Atlanta International Airport is the world's busiest airport and is also hub to
Delta and AirTran airlines, they have been the most affected by the problem. As
of 8:00 AM EST, AirTran had canceled 22 flights and has handfuls of delays,
informed passengers that there is no danger to flights in the air, and that
flights are still staking off. Delta was unable to comment on the number of
flight cancellations or delays but said all passengers will be able to
re-schedule. AirTran Airways spokesman Christopher white said, " most of the
canceled flights were in Atlanta, AirTran's hub of operations, and others are
spread throughout the country. He also said, "the problem will have a pretty
major impact on operations and the cancellations will have a ripple effect."
Shares of the company fell $0.13 after the news was released, along with Delta
whose shares fell $0.15. Hartsfield-Jackson Airport said in a statement,
"Officials are monitoring the situation regarding the FAA's automated
flight-plan system. The airport is working to minimize the impact on customers
by bringing in additional staff and ensuring that all facilities are operational
and fully maintained." They also asked passengers to call airlines before going
to the airport to avoid further complications. Stocks fell for the second day in
a row today, after a batch of mixed economic data, the Labor Department
reported that the number of initial jobless claims was unchanged in the week
ended November 14 from 505,000 the prior week. Leading economic indicators
showed an increase of 0.3% in October, just below analysts' forecast of 0.4%,
the index rose 1% in September. Bond prices rose, he yield on the benchmark
10-year note fell to 3.34 from 3.35 Wednesday.
Economic data released today:
Initial Jobless Claims:
U.S. Continuing Claims for week of November 7 fell 39K to 5,611,000; U.S.
Jobless Claims Revised for week of November 7 to 505K from 502K; U.S. Jobless
Claims Unchanged for week of November 14 505K compared to Survey of an increase
by 4K.
Philadelphia Fed Manufacturing Index:
Philadelphia Fed November Business Index 16.7 versus October 11.5;
Philadelphia Fed November Business Index Expected 12.0; Philadelphia Fed
November Price Paid 14.9 versus October 21.3; Philadelphia Fed November Price
Received fell 1.5 versus October decrease by 4.3; Philadelphia Fed November
Employment fell 0.5 versus October decrease by 6.8; Philadelphia Fed November
New Orders 14.8 versus October 6.2; Philadelphia Fed November Shipments 15.7
versus October 3.3; Philadelphia Fed November Delivery Times fell 12.7 versus
October decrease by 9.3; Philadelphia Fed November Inventories fell 17.3 versus
October decrease by 31.8.
U.S. Conference Board Leading Index:
October Lagging Index fell 0.2%; October Coincident Index 0.0%; October
Leading Index rose 0.3%.
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) shed 93.19 points, EOD 10,333.12
NYSE (New York Stock
Exchange) shed 109.11, EOD 7,117.60
National Association of Securities Dealers Automated Quotations (NASDAQ)
shed 36.25 points, EOD 2,156.89
S&P 500 (SPX) shed 14.76 points, EOD 1,095.04
BEL 20 (BEL20) shed 39.83 points, EOD 2,485.61
CAC 40 (CAC40) shed 67.94 points, EOD 3,760.22
FTSE100 (UKX100) shed 74.43 points, EOD 5,267.70
NIKKEI 225 (NIK/O) shed 70.02 points, EOD 9,549.47
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 588 declined stock prices 2,522, unchanged stock
prices 71, stock prices hitting new highs 45 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:
FAS shed 4.37, HOD 79.16, LOD 75.40, EOD 76.17; RTP shed 6.15, HOD
216.20, LOD 211.00, EOD 213.85; CME shed 2.14, HOD 322.36, LOD 318.37, EOD
321.97; EDC shed 9.19, HOD 153.54, LOD 145.29, EOD 149.01; MA gain 2.81, HOD
235.96, LOD 223.57, EOD 230.09; TSL gain 2.70, HOD 46.80, LOD 41.78, EOD 45.45;
PPD shed 7.79, HOD 40.72, LOD 30.68, EOD 33.34; DCI gain 3.27, HOD 45.19, LOD
43.42, EOD 44.73.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 567, declined stock prices 2,146, unchanged
stock prices 109, stock prices hitting new highs 33 and stock prices hitting
new lows 30. 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: NTES shed 3.49, HOD 37.95, LOD 36.06,
EOD 37.20; SHLD shed 2.82, HOD 77.70, LOD 72.01, EOD 72.95; SMTC shed 0.77, HOD
16.36, LOD 14.66, EOD 16.21; BIDU shed 7.11, HOD 431.94, LOD 423.18, EOD 428.01;
FSLR shed 3.54, HOD 124.00, LOD 120.05, EOD 121.13; AMZN shed 2.30, HOD 130.54,
LOD 128.48, EOD 128.99; ISRG shed 0.95, HOD 279.91, LOD 275.69, EOD 278.68; NTES
shed 3.49, HOD 37.94, LOD 36.06, EOD 37.20; JACK shed 1.35, HOD 18.82, LOD
17.84, EOD 18.50; HOTT shed 0.87, HOD 5.89, LOD 5.57, EOD 5.80.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 172, declined stock prices 348, unchanged stock
prices 47, stock prices hitting new highs 7 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) Dec 09: EOD 1094.75; Change -13.75
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,775.00; Change -25.50
E-mini DOW $5 (YM) Dec 09: EOD 10,326; Change -78
E-mini S&P MidCap 400 (MF) Dec 09: EOD 691.40; Change -12.60
Nikkei 225 (Yen) Dec 09: EOD 9,455; Change -260
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.6704 U.S. Dollars 1.4917
Japanese Yen 89.0600 to U.S. Dollars 0.0112
British Pound 0.6003 to U.S. Dollars 1.6658
Canadian Dollar 1.0631 to U.S. Dollars 0.9406
Swiss Franc 1.0133 to U.S. Dollars 0.9869
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $2.12, EOD $77.46 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.05, EOD $2.03 a gallon ($US per
gallon)
Natural Gas (December 09) gain $0.06, EOD $4.72 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) shed $0.04, EOD $1.97 a gallon ($US per
gallon)
Metals Markets - Comex:
Gold (December 09) gain $1.00, EOD $1,142.20 ($US per Troy ounce)
Silver (December 09) gain $0.05, EOD $18.46 ($US per Troy ounce)
Platinum (January 09) shed $8.10, EOD $1,443.90 ($US per Troy ounce)
Copper (December 09) shed $0.03, EOD $3.11 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $0.95, EOD $63.28
Pork Bellies (February 10) shed $1.58, EOD $87.08
Live Cattle (December 09) gain $0.40, EOD $85.38
Feeder Cattle (January 10) gain $0.10, EOD $91.83
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $3.00, EOD $410.75
Soybeans (January 10) gain $12.00, EOD $1,039.00
BOND MARKET:
2 year EOD 100 17/32, change 2/32, Yield 0.71, Yield change -0.03
5 year EOD 100 31/32, change 5/32, Yield 2.16, Yield change -0.03
10 year EOD 100 7/32, change 6/32, Yield 3.34, Yield change -0.02
30 year EOD 101 15/32, change 9/32, Yield 4.28, change -0.02
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Total for Year |
Last Week |
$34,086.00 |
$8,234.00 |
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Total for Year |
Last Week |
$9,725.00 |
$1,970.00 |
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Total for Year |
Last Week |
$76,500.00 |
$10,200.00 |
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Total for Year |
Last Week |
$102,270.00 |
$13,630.00 |
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Total for Year |
Last Week |
$0.00 |
$0.00 |
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