Stock Markets Review

USA stock market daily report by Millenium Traders (June 22, 2009, Monday, 10.30 p.m. GMT)

Date: 22 June 2009

Treasuries gathered Monday as grim growth forecast from the World Bank lowered enthusiasm about an economic recovery. Many market participants expect the Fed to refrain from lifting the size of its Treasury purchase program in Wednesday's statement. Comments from Fed policymakers over the past couple of weeks suggest the central bank possibly considered the recent rise in Treasury yields to reflect hope on an economic recovery. The FOMC meeting is the key meeting of the week. Investors will zero in on theFed's latest assessment of the economy and inflation in the accompanying statement due Wednesday afternoon. Focus will also be on any tweaks on the Fed's stance on the zero-0.25% fed-funds target rate and the central bank's $300 billion Treasury purchases program. Triple Digit loss was reported from the DOW as the Federal Reserve bought $7.497 billion in four-year to seven-year government debt. The World Bank predicts that the global economy will shrink 2.9% this year, more than the organization's previous prediction for a 1.7% contraction. Major U.S. indices slid into negative territory early on in the trading session, where they held, as the market session moved forward. The selloff picked up steam, into the closing bell as investors pulled money out of the markets.

 

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) Triple Digit Loss 173.89 points, EOD 8,365.84
NYSE (New York Stock Exchange) Triple Digit Loss 209.17  EOD 5,725.07
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 55.49 points, EOD 1,771.98
S&P 500 (SPX) shed 24.08 points, EOD 897.15

BEL 20 (BEL20) shed 49.29 points, EOD 1,948.42
CAC 40 (CAC40) shed 98.02 points, EOD 3,123.25
FTSE100 (UKX100) shed 111.88 points, EOD 4,234.05

NIKKEI 225 (NIK/O) gain 40.01 points, EOD 9,826.27

 

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 399, declined stock prices 2,675, unchanged stock prices 48, stock prices hitting new highs 7 and stock prices hitting new lows 2.

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 14.99 points, HOD $158.37, LOD $152.42, EOD $152.80; CME shed 24.08 points, HOD $325.00, LOD $302.20, EOD $303.48; GT shed 0.92 points, HOD $12.17, LOD $11.24, EOD $11.31; POT shed 5.45 points, HOD $91.42, LOD $87.20, EOD $87.27; SKF gain 4.51 points, HOD $46.38, LOD $42.45, EOD $46.34; BLK shed 7.67 points, HOD $174.50, LOD $167.26, EOD $167.29; ESI shed 1.60 points, HOD $96.53, LOD $92.94, EOD $93.53.

 

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 445, declined stock prices 2,289, unchanged stock prices 91, stock prices hitting new highs 16 and stock prices hitting new lows 15.

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 shed 11.16 points, HOD $171.78, LOD $161.88, EOD $162.30; GOOG shed 12.74 points, HOD $417.49, LOD $402.89, EOD $407.35; SWHC shed 0.28 points, HOD $5.97, LOD $5.64, EOD $5.75; VRSN gain 0.03 points, HOD $18.91, LOD $18.36, EOD $18.62; AAPL shed 2.11 points, HOD $141.56, LOD $136.33, EOD $137.37; NFLX shed 1.04 points, HOD $41.35, LOD $39.55, EOD $40.55; SCHN shed 5.72 points, HOD $58.81, LOD $54.34, EOD $54.42; RIMM shed 4.67 points, HOD $71.25, LOD $67.75, EOD $68.11; BIDU shed 19.58 points, HOD $294.95, LOD $274.03, EOD $278.02; FMCN shed 0.42 points, HOD $7.64, LOD $7.00, EOD $7.01.

 

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 128, declined stock prices 398, unchanged stock prices 53, stock prices hitting new highs 9 and stock prices hitting new lows 3.

 

Chicago Board of Trade Futures Market for the day, at time of this posting:

E-mini S&P 500 (ES) Sept 09: EOD 892.50; Change -23.25

E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,425.50; Change -38.50
E-mini DOW $5 (YM) Sept 09: EOD 8,311; Change -165
E-mini S&P MidCap 400 (MF) Sept 09: EOD 558.10; Change -17.70

Nikkei 225 (Yen) Sept 09: EOD 9,565; Change -265


World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7209 to U.S. Dollars 1.3871
Japanese Yen 95.8300 to U.S. Dollars 0.0104
British Pound 0.6115 to U.S. Dollars 1.6353
Canadian Dollar 1.1520 to U.S. Dollars 0.8681
Swiss Franc 1.0851 to U.S. Dollars 0.9216


COMMODITY MARKETS:


Energy Sector - Nymex:

Light Crude (July 09) shed $2.77, EOD $66.78 per barrel ($US per barrel)
Heating Oil (August 09) shed $0.04, EOD $1.78 a gallon ($US per gallon)
Natural Gas (August 09) shed $0.16, EOD $4.04 per million BTU ($US per mmbtu.)
Unleaded Gas (July 09) shed $0.09, EOD $1.84 a gallon ($US per gallon)

 

Metals Markets - Comex:
Gold (August 09) shed $15.20, EOD $921.00 ($US per Troy ounce)
Silver (August 09) shed $0.50, EOD $13.70 ($US per Troy ounce)
Platinum (August 09) shed $42.10, EOD $1,169.10 ($US per Troy ounce)
Copper (August 09) shed $0.12, EOD $2.14 ($US per pound)

 

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 09) shed 1.10, EOD 60.70
Pork Bellies (August 09) gain 2.45, EOD 63.25
Live Cattle (August 09) gain 0.68, EOD 82.80
Feeder Cattle (August 09) gain 0.95, EOD 99.05

 

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed 11.25, EOD 408.25

Soybeans (November 09) shed 16.00, EOD 990.00

 

BOND MARKET:

 

2 year EOD 99 16/32, change 5/32, Yield 1.13, Yield change -0.08
5 year EOD 97 29/32, change 14/32, Yield 2.70, Yield change -0.10
10 year EOD 95 10/32, change 23/32, Yield 3.69, Yield change -0.14
30 year EOD 93 27/32, change 11/32, Yield  4.44, change -0.06

 





Latest USA Stock Market Reports
US stock market opening report (March 19, 2010, Friday)

European bourses opened in positive territory, led by financials as Lloyds said its trading has been strong in the first 10 weeks of 2010. However, equities came under pressure later in the session following concerns regarding Greece not being able to get financial aid from the EU. Also adding to volatility is the fact that it is quadruple witching day today. German 10-year government bund futures gained strength into the European open on the back of ongoing concern regarding failure of Greece to get aid from the EU that led to widening of Greek/German 10-year government bond yield spread.



US stock market daily report. (March 18, 2010, Thursday)

Congressional Budget Office announced they estimate that the Democrats' revised health care bill will cost $940 billion over the next 10 years. If the bill is passed, it will be a 10-year plan that would provide coverage to around 32 million people who are currently uninsured. It would guarantee that 95% of Americans will be covered, it would also reduce Medicare expenses by 1.4%. The bill would cut the deficit by $130 billion during the first decade. And it would reduce the deficit by another $1.2 trillion in the following decade. In the future, the bill would put new obligations on business and individuals, requiring for the first time that most Americans carry health insurance and penalizing medium-sized and large companies that don't provide coverage for their workers. For the bill to be passed, first, the House will have to approve a Senate bill that many of its Democratic members object to and after that both chambers will quickly pass a package of fixes agreed to in negotiations with the White House. Democrats will promise 72 hours for everyone, including the public to look over the new piece of legislation, that would push back a House vote until Sunday at the earliest. In other news, Greece announced Thursday that it will be forced to tap the International Monetary Fund if the European Union can't make a decision by next week. Many feel if they go outside of the 16-nation euro zone, it could continue to help weaken the euro. Stocks rose for the eighth day in a row today. Helping with today's increases, was news from the Conference Board, who announced that leading economic indicators rose 0.1% in February, after rising 0.3% the month prior; analysts predictions were in line with the reading. Commodity prices fell, gold rose $3.40 to $1,127.40 and crude oil fell $0.73 to $82.20.



US stock market opening report (March 18, 2010, Thursday)

European bourses opened lower, on the back of reduced risk appetite following the Greek IMF bailout plans announced overnight. However, moving into the North American open losses have almost been paired. The financial sector is the worst performing. Weakness has been observed in basic materials as well following the strength in the USD index. German 10-year bund futures open higher and have since fluctuated on large supply from France and Spain. Moving into the North American open, bund futures are trading in positive territory.




USA Stocks Recommendations
Intel Corp. (Nasdaq:INTC) is poised to top estimates over the next two quarters, 8 September 2009
Intel Corp. (Nasdaq: INTC) is a cyclical company.  That is, its stock does extremely well when the economy is ready to accelerate, and does poorly when the economy decelerates.  So it’s no wonder that last year the stock fell more than 50% from the record-high of $27.78 a share it reached December 2007. However, the company has rallied more than 50% from its Feb. 23 low of $12.08 a share. It closed Friday at $19.64.

Verint Systems price target reduced, 7 December 2007
RBC Capital Markets reduced its price target on Verint Systems from $34 to $25.

Thomas Weisel upgraded Intel to "overweight", 6 December 2007
Thomas Weisel Partners analyst Kevin Cassidy lifted price target on Intel shares from $28 to $33 per share, citing an expected jump in computer demand during 2008.

USA News
US economics, finance and companies review and analysis, 17 March 2010

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Under the weather, 1 March 2010

Everything you wanted to know about the fed..., 23 February 2010



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