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Daily Market Commentary for October 26, 2009
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Verizon
Verizon (VZ) reported third-quarter
earnings fell but still pushed past analysts' estimates, also the number of new
subscribers rose more than expected, pushing shares up $0.14 to $28.99. Verizon
Communications posted a third quarter profit that fell more than 9%, profit fell
to $2.89 billion, or 41 cents per share, from $3.2 billion, or 59 cents a share,
during the same quarter last year. Verizon Wireless reportedly lost some of it's
customers due to AT&T (T) being the exclusive provider for Apple's (AAPL) new
iPhone, however the company did pick up 1.2 million new customer slightly above
the 1 million customers analysts' expected. Verizon did add 191,000 FiOS
television customers during the quarter, bringing its number of customers to 2.7
million. AT&T's iPhone brought the company a reported 2 million new customers,
Verizon is working with Dell to creat a phone similar to the iPhone. Verizon
Chief Executive Ivan Seidenberg said that the company would improve with the
economy. Stocks rose early in the trading session Monday following triple digit
losses on Friday, traders are anxious and hopeful that corporate earnings
reports would continue to improve. Many investors will be waiting to see if
consumer spending is rising at all when companies like Visa and Proctor & Gamble
release 3Q earrings this week. As stocks fell in the afternoon session, crude
oil fell along with gold as the dollar started to strengthen.
Bond prices fell, the yield on the benchmark 10-year Treasury note rose to 3.57
from 3.49 Friday.
Chicago Fed Data:
September Resources Output rose 0.2% month over month; fell 2.4% year over
year; September Machinery Output fell 1.8% month over month; fell 25.1% year
over year; September Steel Output rose 1.3% month over month; fell 31.4% year
over year; September Regional Auto Output rose 5.5% month over month; fell 16.3%
year over year; September Midwest Manufacturing Index rose 1.0% on month; fell
15.7% on year; September NAI 3-Month Moving Average fell 0.63 versus August
decrease by 0.96; September National Activity Index fell 0.81 versus August
decrease by 0.65.
Dallas Fed Data:
October Manufacturing Production Index fell 8.0 versus September decrease by
0.5; October Business Activity fell 3.3 versus September decrease by 6.4.
FDIC [Federal Deposit Insurance Corporation] Chairman Sheila C. Bair:
FDIC will remain cash positive if banks prepay assessments; FDIC would back
not making inspector general reviews public; Bi-partisan support building for
'too-big-too-fail' regulations.
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 105.88 points, EOD 9,866.30
NYSE (New York Stock
Exchange) shed 106.71, EOD 6,960.09
National Association of Securities Dealers Automated Quotations (NASDAQ)
shed 12.31 points, EOD 2,142.16
S&P 500 (SPX) shed 12.44 points, EOD 1,067.16
BEL 20 (BEL20) shed 54.09 points, EOD 2,493.25
CAC 40 (CAC40) shed 63.79 points, EOD 3,744.45
FTSE100 (UKX100) shed 50.83 points, EOD 5,191.74
NIKKEI 225 (NIK/O) gain 79.63, EOD 10,362.62
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 749 declined stock prices 2,347, unchanged stock
prices 86, stock prices hitting new highs 132 and stock prices hitting new lows
12. 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: RTP shed 3.09, HOD 201.97,
LOD 192.00, EOD 192.12; MON shed 4.54, HOD 75.05, LOD 70.31, EOD 70.69; FAS shed
5.69, HOD 84.35, LOD 76.58, EOD 77.83; CME gain 330.00, HOD 318.48, LOD 318.48,
EOD 321.01; AIG shed 2.65, HOD 39.58, LOD 35.52, EOD 36.25; ESI shed 2.62, HOD
102.84, LOD 98.89, EOD 99.15; BLK shed 3.21, HOD 233.52, LOD 226.84, EOD 227.99;
ETH shed 2.64, HOD 15.62, LOD 13.51, EOD 14.03; AGU shed 3.17, HOD 53.49, LOD
49.47, EOD 49.73; ING shed 3.27, HOD 15.60, LOD 14.02, EOD 14.10; POT shed 2.04,
HOD 102.62, LOD 97.15, EOD 98.61; MA shed 9.21, HOD 231.39, LOD 220.75, EOD
220.75; RSH gain 2.49, HOD 18.33, LOD 15.66, EOD 18.15; CA shed 0.34, HOD 21.72,
LOD 21.14, EOD 21.27.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 789, declined stock prices 1,941, unchanged
stock prices 121, stock prices hitting new highs 88 and stock prices hitting
new lows 26. 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: AMZN gain 6.14, HOD 125.68, LOD
118.49, EOD 124.63; BCRX gain 1.28, HOD 11.31, LOD 10.51, EOD 10.94; SOHU shed
11.43, HOD 64.89, LOD 59.33, EOD 59.92; BIDU shed 2.34, HOD 439.90, LOD 424.55,
EOD 432.97; FSLR gain 2.48, HOD 158.14, LOD 153.06, EOD 154.87; CYOU shed 2.66,
HOD 32.88, LOD 30.71, EOD 32.30; PVTB shed 7.02, HOD 15.06, LOD 11.71, EOD
11.98.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 157, declined stock prices 369, unchanged stock
prices 40, stock prices hitting new highs 12 and stock prices hitting new lows
2.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1066.75; Change -10.25
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,748.25; Change -3.75
E-mini DOW $5 (YM) Dec 09: EOD 9,848; Change -83
E-mini S&P MidCap 400 (MF) Dec 09: EOD 693.40; Change -8.10
Nikkei 225 (Yen) Dec 09: EOD 10,250; Change 10
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.6728 U.S. Dollars 1.4863
Japanese Yen 92.2000 to U.S. Dollars 0.0108
British Pound 0.6126 to U.S. Dollars 1.6323
Canadian Dollar 1.0662 to U.S. Dollars 0.9379
Swiss Franc 1.0185 to U.S. Dollars 0.9818
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $1.82, EOD $78.68 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.04, EOD $2.06 a gallon ($US per
gallon)
Natural Gas (December 09) shed $0.27, EOD $5.21 per million BTU ($US per mmbtu.)
Unleaded Gas (November 09) shed $0.01, EOD $2.03 a gallon ($US per
gallon)
Metals Markets - Comex:
Gold (December 09) shed $13.60, EOD $1,042.80 ($US per Troy ounce)
Silver (December 09) shed $0.63, EOD $17.10 ($US per Troy ounce)
Platinum (January 09) shed $23.70, EOD $1,345.80 ($US per Troy ounce)
Copper (December 09) shed $0.02, EOD $3.01 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $0.43, EOD $53.45
Pork Bellies (February 10) gain $3.00, EOD $88.98
Live Cattle (December 09) shed $0.25, EOD $87.15
Feeder Cattle (November 09) gain $0.20, EOD $96.00
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $19.75, EOD $378.00
Soybeans (November 09) shed $18.75, EOD $988.75
BOND MARKET:
2 year EOD 99 30/32, change -1/32, Yield 1.03, Yield change 0.02
5 year EOD 99 12/32, change -9/32, Yield 2.50, Yield change 0.06
10 year EOD 100 14/32, change -22/32, Yield 3.57, Yield change 0.09
30 year EOD 101 30/32, change -1 17/32, Yield 4.38, change 0.09
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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Top of the page | |
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Total for Year |
Last Week |
$83,340.00 |
$15,846.00 |
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| |
Total for Year |
Last Week |
$22,582.50 |
$4,337.50 |
|
| |
Total for Year |
Last Week |
$68,900.00 |
$27,200.00 |
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Total for Year |
Last Week |
$58,750.00 |
$9,660.00 |
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Total for Year |
Last Week |
$0.00 |
$0.00 |
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