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Daily Market Commentary for November 20, 2009
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Bear Market
Stocks opened lower today extending the
two-day bear market; investors focused their attention towards the technology
sector, they showed concern when Dell, the third largest PC maker reported
disappointing earnings. Stocks have been falling for the past two days, showing
that investors are worried about the state of the economy's recovery. There
hasn't been much good news out of the housing market to help push stocks higher.
Dell who recently lost it's number 2 ranking to Taiwan made Acer, reported that
shares fell $1.27, or 8%, to $14.60. Dell said, "third-quarter revenue was
adversely affected by the timing of Windows 7", the company expects to see
stronger sales in the fourth quarter. Investors were also watching the dollar,
it was rising against other major currencies at the beginning of the trading
session. Labor Department reported that the jobless rates increased in 29
states, thirteen states reported unemployment rates above the 10.2% national
average in October. Unemployment was found to be the highest in the western part
of the country, they reported a jobless rate of 10.8%, and the northeast
reported the lowest unemployment rate at 9%, the rate stayed unchanged from the
previous month. The dollar, which usually moves stocks in the opposite direction
has seen gains over the past two days after months of falling. Commodities are
usually hurt by the dollar rising, oil prices fell along with gold prices after
hitting another high yesterday. Gold has been on the rise for weeks and reached
$1,141.90 an ounce at the end of the trading day yesterday, it was down $1.80
this morning, but turned around and ended the day at $1,146.80. Bond prices were
fell, the yield on the benchmark 10-year note rose to 3.36 from 3.34 Thursday.
Economic data released today: N/A
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 10.65 points, EOD 10,321.79
NYSE (New York Stock
Exchange) shed 33.17, EOD 7,084.47
National Association of Securities Dealers Automated Quotations (NASDAQ)
shed 10.22 points, EOD 2,146.60
S&P 500 (SPX) shed 3.3 points, EOD 1,091.60
BEL 20 (BEL20) shed 2.15 points, EOD 2,483.46
CAC 40 (CAC40) shed 30.86 points, EOD 3,729.36
FTSE100 (UKX100) shed 16.29 points, EOD 5,251.41
NIKKEI 225 (NIK/O) gain 15.0213points, EOD 9,497.68
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 1,275 declined stock prices 1,797, unchanged stock
prices 97, stock prices hitting new highs 54 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:
FAS shed 1.20, HOD 76.00, LOD 74.14, EOD 74.96; SJM gain 2.93, HOD
56.86, LOD 55.13, EOD 56.41; NE shed 1.70, HOD 41.43, LOD 38.62, EOD 40.00; EDC
shed 0.54, HOD 128.45, LOD 123.65, EOD 126.51; CME gain 1.02, HOD 325.45, LOD
316.85, EOD 322.99; POT gain 1.54, HOD 115.43, LOD 110.43, EOD 114.71; AFL gain
0.26, HOD 44.94, LOD 43.97, EOD 44.10.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 1,248, declined stock prices 1,458, unchanged
stock prices 140, stock prices hitting new highs 47 and stock prices hitting
new lows 31. 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 0.05, HOD 121.79, LOD
118.90, EOD 121.18; ISRG shed 2.24, HOD 281.68, LOD 273.15, EOD 276.44; BIDU
shed 0.42, HOD 427.79, LOD 421.77, EOD 427.59; AMZN gain 0.67, HOD 129.99, LOD
127.41, EOD 129.66; INTU shed 0.61, HOD 30.00, LOD 29.27, EOD 29.66; ARUN shed
0.64, HOD 9.39, LOD 8.62, EOD 8.94.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 238, declined stock prices 295, unchanged stock
prices 40, stock prices hitting new highs 11 and stock prices hitting new lows
6.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1090.50; Change -3.75
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,765.25; Change -5.00
E-mini DOW $5 (YM) Dec 09: EOD 10,308; Change -19
E-mini S&P MidCap 400 (MF) Dec 09: EOD 686.50; Change -5.60
Nikkei 225 (Yen) Dec 09: EOD 9,480; Change 30
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.6729 U.S. Dollars 1.4860
Japanese Yen 89.0000 to U.S. Dollars 0.0112
British Pound 0.6058 to U.S. Dollars 1.6506
Canadian Dollar 1.0699 to U.S. Dollars 0.9347
Swiss Franc 1.0173 to U.S. Dollars 0.9830
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $0.74, EOD $76.72 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.02, EOD $2.01 a gallon ($US per
gallon)
Natural Gas (December 09) gain $0.04, EOD $4.76 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) gain $0.01, EOD $1.98 a gallon ($US per
gallon)
Metals Markets - Comex:
Gold (December 09) gain $6.60, EOD $1,148.50 ($US per Troy ounce)
Silver (December 09) shed $0.01, EOD $18.45 ($US per Troy ounce)
Platinum (January 09) shed $2.00, EOD $1,441.90 ($US per Troy ounce)
Copper (December 09) gain $0.03, EOD $3.13 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $1.10, EOD $64.38
Pork Bellies (February 10) gain $0.05, EOD $87.13
Live Cattle (December 09) gain $0.05, EOD $85.43
Feeder Cattle (January 10) gain $0.85, EOD $92.68
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $3.75, EOD $407.00
Soybeans (January 10) gain $7.00, EOD $1,046.00
BOND MARKET:
2 year EOD 100 17/32, change -1/32, Yield 0.72, Yield change 0.02
5 year EOD 100 30/32, change -3/32, Yield 2.16, Yield change 0.02
10 year EOD 100 4/32, change -5/32, Yield 3.36, Yield change 0.02
30 year EOD 101 15/32, change -4/32, Yield 4.28, change 0.01
Access upcoming scheduled economic data anytime by viewing the
Economic Calendar from Millennium-Traders, free access to visitors
on our website.
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plus, view upcoming economic data scheduled for the week ahead.
Review current edition as well as, archives of the
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Top of the page | |
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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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