News & Analysis » US

USA stock market daily report by Millenium Traders (June 17, 2009, Wednesday, 10.30 p.m. GMT)

President Obama to Announce Comprehensive Plan for Regulatory Reform: President Obama will lay out a comprehensive regulatory reform plan this afternoon to modernize and protect the integrity of our financial system.   While this crisis has had many causes, it is clear now that the government could have done more to prevent these problems from growing out of control and threatening our overall economy. The President will be joined by Treasury Secretary Tim Geithner, representatives from the regulatory community, consumer groups, the financial industry and members of Congress for an event in the East Room later this afternoon. The President's plan will: Require that all financial firms that pose a significant risk to the financial system at large are subjected to strong consolidated supervision and regulation; Increase market discipline and transparency to make our markets strong enough to withstand system-wide stress and the potential failure of one or more large financial institutions; Rebuild trust in our markets by creating the Consumer Financial Protection Agency to focus exclusively on protecting consumers in credit, savings, and payment markets; Provide the government with the tools needed to manage financial crises so it is not forced to choose between bailouts and financial collapse; Raise international regulatory standards and improve international coordination.

Several of the big banks eligible to begin repaying TARP funds announced today that they have bought back preferred stock issued to the Treasury Department under the Troubled Asset Relief Program (TARP). BB&T Corp. (BBT), JPMorgan Chase (JPM) and U.S. Bancorp (USB) announced plans to buy related warrants associated with TARP.

Economic data released today: 

MBA (Mortgage Bankers Association) Mortgage Applications:
U.S. MBA Purchase Index fell 3.5% at 261.2 as compared to Last Week 270.7; U.S. MBA Refinance Index fell 23.3% at 1998.1 as compared to Last Week 2605.7; U.S. MBA Market Index fell 15.8% at 514.4 as compared to Last Week 611.

CPI:
U.S. May Consumer Prices fell 0.1% compared to consensus of an increase by 0.3%; U.S. May CPI Excluding-Food & Energy rose 0.1% compared to consensus of an increase by 0.1%; U.S. May CPI Unrounded rose 0.096%; U.S. May CPI Unrounded Core rose 0.145%; U.S. May CPI Energy Prices rose 0.2%; U.S. May CPI Food Prices fell 0.2%; U.S. Real Average Weekly Earnings fell 0.3% in May; U.S. CPI fell 1.3% on the year, striking its biggest drop since April 1950.

Current Account:
U.S. 1Q Current Account Deficit came in at $101.5B compared to Deficit seen coming in at $85.0B; U.S. 4Q Current Account Revised to Deficit of $154.9B versus Deficit of $132.8B.

Crude Oil Inventories:
U.S. Crude Oil Stockpiles down 3.874 Million Barrels at 357.721 Million Barrels; U.S. Crude Oil Stockpiles down 3.874 Million Barrels in week, was seen down 1.7 Million Barrels; U.S. Gasoline Stockpiles rose 3.385 Million Barrels at 205.034 Million Barrels; U.S. Gasoline Stockpiles rose 3.385 Million Barrels in week, was seen increasing by 0.3 Million Barrels; U.S Distillate Stockpiles rose 0.308 Million Barrels at 150.026 Million Barrels; U.S Distillate Stockpiles rose 0.308 Million Barrels in week, was seen increasing by 0.8 Million Barrels; U.S Refineries ran at capacity of 85.9% versus 85.9% a week ago; U.S Refineries ran at 85.9% capacity compared to expectations of capacity of 85.95%.

At the NYSE closing bell on the New York Stock Exchange,  on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 7.49 points, EOD 8,497.18
NYSE (New York Stock Exchange) shed 22.21 EOD 5,864.55
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 11.88 points, EOD 1,808.06
S&P 500 (SPX) shed 1.26 points, EOD 910.71
BEL 20 (BEL20) shed 30.95 points, EOD 1,964.64
CAC 40 (CAC40) shed 52.81 points, EOD 3,161.14
FTSE100 (UKX100) shed 50.11 points, EOD 4,278.46
NIKKEI 225 (NIK/O) gain 87.97 points, EOD 9,840.85

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,298, declined stock prices 1,781, unchanged stock prices 85, stock prices hitting new highs 6 and stock prices hitting new lows 10. 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 11.11 points, HOD $172.70, LOD $165.32, EOD $170.45; FDX shed 0.72 points, HOD $51.70, LOD $49.76, EOD $50.70; LNC shed 0.16 points, HOD $15.49, LOD $14.72, EOD $14.90; RAI gain 0.80 points, HOD $37.97, LOD $36.86, EOD $37.13; WLL shed 3.97 points, HOD $39.23, LOD $36.65, EOD $36.95; SKF gain 1.85 points, HOD $45.67, LOD $43.14, EOD $44.88; MOS shed 4.96 points, HOD $49.00, LOD $46.05, EOD $46.25; AGU shed 3.44 points, HOD $44.99, LOD $42.10, EOD $42.79; POT shed 11.59 points, HOD $101.50, LOD $95.11, EOD $95.59; CME shed 3.39 points, HOD $334.48, LOD $324.05, EOD $326.50; DE shed 0.67 points, HOD $41.47, LOD $39.15, EOD $40.95.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,421, declined stock prices 1,286, unchanged stock prices 128, stock prices hitting new highs 23 and stock prices hitting new lows 20. 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: MTXX gain 0.35 points, HOD $6.92, LOD $5.52, EOD $6.13; SLAB shed 0.23 points, HOD $38.49, LOD $35.66, EOD $37.69; SVNT gain 3.34 points, HOD $12.91, LOD $11.69, EOD $12.61; FSLR shed 3.73 points, HOD $174.78, LOD $164.45, EOD $168.31; RIMM shed 3.08 points, HOD $80.96, LOD $76.17, EOD $77.21; MIPI gain 1.85 points, HOD $7.90, LOD $5.52, EOD $6.24; BIDU gain 6.92 points, HOD $299.11, LOD $288.43, EOD $295.92; GOOG shed 0.84 points, HOD $419.72, LOD $411.56, EOD $415.16.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 217, declined stock prices 329, unchanged stock prices 52, stock prices hitting new highs 6 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) Sept 09: EOD 905.75; Change 0.50
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,453.50; Change 0.00
E-mini DOW $5 (YM) Sept 09: EOD 8,443; Change 6
E-mini S&P MidCap 400 (MF) Sept 09: EOD 569.50; Change 0.60
Nikkei 225 (Yen) Sept 09: EOD 9,695; Change -30

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7171 to U.S. Dollars 1.3946
Japanese Yen 95.77 to U.S. Dollars 0.0104
British Pound 0.6098 to U.S. Dollars 1.6400
Canadian Dollar 1.1316 to U.S. Dollars 0.8837
Swiss Franc 1.0793 to U.S. Dollars 0.9265

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (July 09) gain $0.56, EOD $71.03 per barrel ($US per barrel)
Heating Oil (August 09) gain $0.04, EOD $1.90 a gallon ($US per gallon)
Natural Gas (August 09) gain $0.11, EOD $4.42 per million BTU ($US per mmbtu.)
Unleaded Gas (July 09) shed $0.04, EOD $2.03 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) gain $3.80, EOD $936.00 ($US per Troy ounce)
Silver (July 09) gain $0.15, EOD $14.28 ($US per Troy ounce)
Platinum (July 09) shed $15.70, EOD $1,205.20 ($US per Troy ounce)
Copper (September 09) gain $2.27, EOD $2.27 ($US per pound) 

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 09) gain  1.45, EOD 59.55
Pork Bellies (July 09) shed 0.35, EOD 58.80
Live Cattle (August 09) gain 1.00, EOD 81.38
Feeder Cattle (August 09) gain 0.78, EOD 97.33

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain 3.50, EOD 428.75
Soybeans (November 09) gain 21.50, EOD 1,050.00

BOND MARKET:

2 year EOD 99 14/32, change 1/32, Yield 1.15, Yield change -0.03
5 year EOD 98, change -1/32, Yield 2.67, Yield change 0.00
10 year EOD 95 11/32, change -7/32, Yield 3.69, Yield change -0.03
30 year EOD 96 15/32, change 5/32, Yield  4.46, change -0.10