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
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Pimco’s El-Erian said deteriorating public finances may affect the global economy more than is currently realised. (BBG) Elsewhere, Dubai World will present its first concrete proposals to local banks today on restructuring USD 22bln in debt, according to unnamed sources. (The National newspaper) New York State may have to borrow to smooth a path back to financial health over the next few years, its lieutenant governor said on Wednesday, highlighting the severity of the fiscal trouble facing US states in the wake of the financial crisis and economic recession. (FT)



US stock market opening report (March 10, 2010, Wednesday)

European bourses opened unchanged and moving into the North American open are trading in minor positive territory. Basic materials has been the best performing sector due to strength in metals, especially Gold, followed by oil and gas sector as OPEC raising its 2010 world oil demand growth forecast provided strength to WTI crude futures. Fed’s extended period rate pledge has been criticised by some on the FOMC. Kansas City Fed President Thomas Hoenig voted against repeating the statement on January 27 because he wanted to keep “the broadest options possible”. Since then, Dallas Fed President Richard Fisher, James Bullard of St. Louis and the Philadelphia Fed’s Charles Plosser have also expressed reservations. (BBG)



US stock market daily report. (March 10, 2010, Wednesday)
OPEC or Organization of the Petroleum Exporting Countries announced today they were raising its 2010 forecast for global oil demand. In the report, the Organization said global oil demand rose to 85.24 million barrels per day, that's around 100,000 barrels per day higher than they forecasted in their February report. Also in today's report, the company said its suppliers will need to produce 28.9 million barrels of oil a day to meet this year's growing demand. In the February report they forecasted the demand would be around 190,000 barrels a day less than its current demand. OPEC said in the report that world oil demand is expected to grow by 900,000 barrels a day in 2010, they said its forecast is dependant on a prolonged global economic recovery. If the demand for oil continues to rise oil prices will also continue to rise. If both of these things happen higher gasoline prices are inevitable. Analysts predict seeing prices rise above the $3 a gallon mark moving into the summer months.In company news, J. Crew reported late Tuesday better than expected fourth-quarter profit of. $40.4 million, or 61 cents per share, a turnaround from last year's loss of 22 cents per share. Analysts had expected earnings of 46 cents per share. The report showed that sales rose 19% to $460.6 million, beating analysts forecasts of $443 million. Stocks were on the rise again today, trading volume was relatively low today but picked up slightly toward the end of the session. Commodity prices were mixed, gold fell $14.10 to $1,108.20 and crude oil rose $0.35 to $81.84. Bond prices fell, the yield on the benchmark 10-year note rose to 3.71 from 3.67 Tuesday.


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
On the cusp of job growth, 10 March 2010

Under the weather, 1 March 2010

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

Further evidence of a recovery, 17 February 2010

The January jobs data, 9 February 2010



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