Stock Markets Review

US stock market daily report. (February 05, 2010, Friday)

Date: 5 February 2010
Contributed by Millennium Traders

By Millennium Traders

 

Dow Jones Industrial Average fell again today, but rebounded all losses in the afternoon. Yesterday, the Dow ended the trading session down 268 points closing at 3 month lows, following a smaller loss on Wednesday; early morning it was down 44 points. A large part of the stock's decline is due to the rising concern that Greece, Spain and Portugal will not be able to manage or pay their increasing debt; investors began selling the euro and started buying the dollar, this week the euro lost 1.1%. Where the problem lies, unlike in the U.S.,  the euro accounts for several countries and if one of them struggles the euro suffers, analysts' say the troubles in Europe isn't causing a severe problem in the markets yet. Investors seemed to be focusing more on global affairs than the economic data; global markets were also down, the troubles in Europe seem to be helping the dollar gain some ground against other currencies. Economists do warn that these problems globally will impact U.S. markets at some point. Another factor into the Dow's descent was the Labor department's weekly report on jobs, giving worse than expected numbers. There was good news in the report, the unemployment rate fell to 9.7% the lowest rate since August 2009. Toyota chief executive apologized Today for the recall of 8 million cars, he did not announce a new recall of the Prius Hybrid, there have been rumored reports of brake problems. They said they would also be examining braking systems on hybrid Lexus cars since they use the same braking system. Five stocks fell for every two that rose on Wall Street today, volume came to 127.3 million shares, as compared with the 100.5 million traded during the same point Thursday. At the end of the trading session stocks rebounded, the Dow recovered all of the morning's losses and gained 10 points. Bond prices rose, the yield on the benchmark 10-year note fell to 3.56 from 3.59 Wednesday. Commodity prices fell; gold fell $9.50 to $1,053.50 an ounce, crude oil fell $1.49 to $71.65.

 


Economic data released today:


Nonfarm Payrolls:
U.S. January Nonfarm Payrolls fell 20K; Compared to Consensus of Unchanged; U.S. January Manufacturing Payrolls rose 11K; Service-Producing rose 40K; U.S. December Payrolls Revised to fall150K from a decrease by 85K.


Unemployment Rate:
U.S. January Unemployment Rate 9.7%; Compared to Consensus of 10.1%; U.S. December Unemployment Left Unrevised at 10.0%.


Average Hourly Earnings:
U.S. January Average Hourly Earnings rose $0.05 to $18.89.


Average Weekly Hours:
U.S. January Overall Workweek rose 0.1 Hour to 33.3 Hours.


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) gain 10.81 points, EOD 10,012.99
NYSE (New York Stock Exchange) shed 5.11, EOD 6,782.75
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 15.62 points, EOD 2,141.05
S&P 500 (SPX) gain 3.67 points, EOD 1,066.21
BEL 20 (BEL20) shed 62.38 points, EOD 2,392.52
CAC 40 (CAC40) shed 125.49 points, EOD 3,563.76
FTSE100 (UKX100) shed 78.39 points, EOD 5,060.92
NIKKEI 225 (NIK/O) shed 29.53 points, EOD 10,057.09


New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,338 declined stock prices 1,764, unchanged stock prices 97, stock prices hitting new highs 20 and stock prices hitting new lows 30. 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: MA shed 1.37, HOD 225.40, LOD 217.15, EOD 220.74; RTP gain 2.37, HOD 195.30, LOD 185.56, EOD 195.30; PNK shed 0.03, HOD 7.70, LOD 7.10, EOD 7.39; MO shed 0.04, HOD 19.41, LOD 19.14, EOD 19.38; CME gain 11.51, HOD 282.67, LOD 271.00, EOD 280.80; BLK shed 2.3467, HOD 212.50, LOD 200.56, EOD 208.79; ARG gain 17.43, HOD 62.82, LOD 59.98, EOD 60.96; EDC shed 4.26, HOD 95.46, LOD 85.60, EOD 93.44; IOC gain 0.33, HOD 61.32, LOD 57.18, EOD 61.00; FCX shed 3.49, HOD 70.29, LOD 66.03, EOD 70.23.


National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,464, declined stock prices 1,232, unchanged stock prices 128, stock prices hitting new highs 16 and stock prices hitting new lows 52. 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: AAPL gain 3.41, HOD 196.00, LOD 190.85, EOD 195.46; BIDU gain 7.94, HOD 449.24, LOD 439.15, EOD 448.80; ILMN shed 1.14, HOD 36.81, LOD 34.25, EOD 35.48; TTMI shed 0.3827, HOD 9.44, LOD 8.60, EOD 8.95; SFSF shed 0.88, HOD 16.34, LOD 15.07, EOD 15.61; FSLR gain 0.73, HOD 114.40, LOD 110.84, EOD 114.19; PFWD shed 4.25, HOD 11.71, LOD 10.43, EOD 10.60; AMAG shed 0.35, HOD 38.24, LOD 34.06, EOD 37.77; ISRG gain 41.21, HOD 326.45, LOD 315.52, EOD 325.41.


Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 229, declined stock prices 268, unchanged stock prices 40, stock prices hitting new highs 3 and stock prices hitting new lows 4.


Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1057.25; Change -4.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,738.00; Change 3.25
E-mini DOW $5 (YM) Mar 10: EOD 9,921; Change -58
E-mini S&P MidCap 400 (MF) Mar 10: EOD 691.90; Change -4.90
Nikkei 225 (Yen) Mar 10: EOD 9,925; Change -110


World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7321 U.S. Dollars 1.3660
Japanese Yen 89.3900 to U.S. Dollars 0.0112
British Pound 0.6398 to U.S. Dollars 1.5630
Canadian Dollar 1.0703 to U.S. Dollars 0.9343
Swiss Franc 1.0728 to U.S. Dollars 0.9321

 

 

COMMODITY MARKETS:


Energy Sector - Nymex:
Light Crude (March 10) shed $1.49, EOD $71.65 per barrel ($US per barrel)
Heating Oil (March 10) shed $0.06, EOD $1.87 a gallon ($US per gallon)
Natural Gas (March 10) gain $0.11 EOD $5.52 per million BTU ($US per mmbtu.)
Unleaded Gas (March 10) shed $0.06 EOD $1.89 gallon ($US per gallon)


Metals Markets - Comex:
Gold (April 10) shed $9.50, EOD $1,053.50 ($US per Troy ounce)
Silver (March 10) shed $0.47, EOD $14.88 ($US per Troy ounce)
Platinum (April 10) shed $34.30, EOD $1,481.00 ($US per Troy ounce)
Copper (March 10) shed $0.02, EOD $2.86 ($US per pound)


Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) shed $0.20, EOD $66.73
Pork Bellies (May 10) shed $0.75, EOD $80.00
Live Cattle (April 10) gain $0.33, EOD $90.40
Feeder Cattle (March 10) gain $1.08, EOD $98.33


Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 10) shed $2.00, EOD $352.00
Soybeans (March 10) gain $3.00, EOD $913.50

 

 

BOND MARKET:
2 year EOD 100 6/32, change 2/42, Yield 0.76, Yield change -0.04
5 year EOD 100 2/32, change 10/32, Yield 2.23 Yield change -0.07
10 year EOD 98 15/32, change 12/32, Yield 3.56 Yield change -0.04                    
30 year EOD 97 23/32, change 17/32, Yield 4.51, change -0.03





Latest USA Stock Market Reports
US stock market opening report (March 09, 2010, Tuesday)

European bourses opened in minor positive territory, however soon lost strength following downbeat comments from Fitch on European sovereign ratings, which provided strength to the USD index due to the risk-averse trade that in turn weighed upon commodity-linked stocks. Comments from Fitch combined with those from Moody’s on possible downgrade of some British banks adversely affected the financial sector. Moving into the North American open, European equities are trading in negative territory with financials and basic materials being the worst performing sectors. Fitch said Greece bailout is too uncertain to factor into rating, and Portugal may be downgraded if consolidation is insufficient, however Greek contagion risk to Portugal and Spain is not as great as market believes. Fitch further said that among larger AAA sovereigns, urgency is greatest for UK, Spain and France, and it hasn’t seen credible exit strategies from most nations. Fitch also said that US is vulnerable to interest rate shocks, however there is no pressure on US credit rating in short-to-medium term. (BBG/RTRS)



US stock market daily report. (March 09, 2010, Tuesday)
In today's market update stocks were on the rise after a rocky start on merger deals and profit reports. Today marks the one year anniversary of the day the stock market began its rally that would bring stocks back from 12-year lows reached during the financial crisis. Last year on March 9, 2009, Dow Jones industrial average ended the day at a low of 6,547.05. Since that day, the Dow has gained 61.2% of those losses taking it to 10,552.52. Along with the Dow, the Standard & Poor's 500 index gained 68%, the index was at its lowest point in 12 1/2 years. The Nasdaq saw a gain of 84%, pulling it off of six-year lows; overall, stocks are still over 25% below their highs of 2007. Analysts say that the rally was one of the market's best rallies since 1930; they say part of the reason why the market started recuperating losses was due to Citigroup announcing they had their best quarterly performance since 2007.  That was the day the Dow surged 379 points! In corporate news; Merck and Sanofi-Aventis announced they are combining animal health care businesses to create one of the largest in the world, combined business will have around a 29% market share in a global market worth approximately $19 billion. Texas Instruments announced Monday that they will update its first-quarter profit estimates be between $0.48 and $0.52 a share on revenue of $3.07 billion to #3.19 billion. The Dow was up 21 points with just under an hour left in the trading session, there was some decent trading action in the afternoon. Commodity prices mostly fell, gold fell $2.20 to $1,121.80 and crude oil fell $0.61 to $81.26. Bond prices rose, the yield on the benchmark 10-year note fell to 3.67 from 3.70 Monday.

US stock market daily report. (March 05, 2010, Friday)
Stocks rallied this morning on news that the unemployment rate fell than expected. Labor Department reported that employers cut 36,000 jobs, keeping the unemployment rate at 9.7%. Today's numbers suggest that the job market is slowly starting to recover, analysts expected last months snowstorms on the East Coast would affect the unemployment rate. Analysts said economy the economy would have probably seen a gain of jobs gain in February, only the second time in two years. Health care and business industries showed very solid job growth, the report also showed the number of temporary workers increased. The number of long-term unemployed fell for the first time since November 2008, numbers fell to 6.1 million from 6.3 million. Some bad news did come out of the report, it showed that the average work week dropped to 33.8 hours from 33.9 last month. Typically employers usually increase the hours for their current employees before hiring new ones, that is a signal that when it comes time to jobs, it is going to be a long road to recovery. Greece announced they approved a package to save them around $6.52 billion in budget costs and cut the country's ballooning deficit, the news caused riots in Greece, citizens disapprove of the plan  to rais taxes and cut workers' salaries. With less than an hour left in the trading session, the Dow Jones Industrial Average was up triple digits. Commodity prices rose; gold rose $4.40 to $1,137.50 and crude oil rose $1.55 to $81.76. Bond prices fell, the yield on the benchmark 10-year note rose to 3.68 from 3.60 Thursday.


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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