Reports » US

US stock market daily report. (March 17, 2010, Wednesday)

Contributed by Millennium Traders

By Millennium Traders

U.S. and Japanese central banks announced Wednesday that they plan on keeping interest rates low, pushing the Dow to new highs for 2010. Dow Jones industrial average rose as high as 10,731.10 this morning, passing its previous high of 10,725.43 on January 19. Today marks the seventh straight day the Dow has risen and its longest stretch since December 28, 2009. After Tuesday's gains, trading at its highest level since October 2008, the Standard & Poor's 500 index almost reached 18-month highs and the Nasdaq Composite index hit 18-month highs. Another announcement today came from the Organization of Petroleum Exporting Countries this morning, the Organization agreed to keep its output levels unchanged, after the news was released stocks rose higher. Labor Department reported this morning that wholesale prices fell 0.6% in February; analysts expected a 0.3% drop. This month's decline was the largest fall since July 2009. Core Producer Price Index, excluding volatile food and energy prices, rose 0.1% last month. Analysts expected a 0.1% fall; over the past year PPI rose 4.4%. News came from the government that the Senate passed a $17.6 billion jobs bill Wednesday, it was then sent to President Obama who will then sign it. The bill includes tax breaks and funding for highway projects, it is seen as being the first in a series of bills designed to help lower the unemployment level. As of current, the unemployment rate is at 9.7%. At the end of the trading session, stocks finished with gains. Commodity prices saw mostly gains, gold rose $1.80 to $1,124.00 and crude oil rose $1.23 to $82.93.

Economic data released today:

MBA [Mortgage Bankers Association] Mortgage Applications:

U.S. MBA Market Index fell 1.9% at 620.9; Last Week 633.1; U.S. MBA Purchase Index fell 2.3% at 221.5; Last Week 226.8; U.S. MBA Refinance Index fell 1.7% at 2,955.9; Last Week 3,007.2.

PPI [Producer Price Index] (MoM):

U.S. January PPI Unrevised at a rise of 1.4%; U.S. February PPI Energy Prices fell 2.9%; Gasoline down 7.4%; U.S. February PPI Crude Goods fell 3.5%; Core fell 0.6%; U.S. February PPI Intermediate Goods rose 0.1%; Core rose 0.9%; U.S. February PPI Excluding-Food & Energy rose 0.1%; Compared to Consensus of an increase by 0.1%; February 0.6% Drop in Producer Prices is Biggest in Seven Months; U.S. February Producer Prices fell 0.6%; Compared to Consensus of a decrease by 0.3%; U.S. February Passenger Car Prices rose 0.5%.

Crude Oil Inventories released by DOE [Department of Energy]:

U.S. Crude Oil Stockpiles rose 1.0 Million Barrels at 344.0 Million Barrels; U.S. Crude Oil Stockpiles fell 1.0 Million Barrels in week; was seen increasing by 1 Million Barrels; U.S. Gasoline Stockpiles fell 1.7 Million Barrels st 227.3 Million Barrels; U.S. Gasoline Stockpiles fell 1.7 Million Barrels in week; was seen decreasing by 0.6 Million Barrels; U.S. Distillate Stockpiles fell 1.5 Million Barrels st 148.1 Million Barrels; U.S. Distillate Stockpiles fell 1.5 Million Barrels in week; was seen decreasing by 1 Million Barrel; U.S. Refineries Ran at 80.6% capacity versus 80.7% week ago; U.S. Refineries Ran at 80.6% capacity; was seen at 80.80%.

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 46.18 points, EOD 10,732.16
NYSE (New York Stock Exchange) gain 47.32, EOD 7,474.02
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 10.39 points, EOD 2,388.40
S&P 500 (SPX) gain 6.73 points, EOD 1,166.19
BEL 20 (BEL20) gain 34.05 points, EOD 2,665.62
CAC 40 (CAC40) gain 18.94 points, EOD 3,957.89
FTSE100 (UKX100) gain 24.2, EOD 5,644.63
NIKKEI 225 (NIK/O) triple digit gain 125.27 points, EOD 10,846.98

New York Stock Exchange (NYSE) stock market indicators for the trading session today:

Advanced stock prices 2,180, declined stock prices 937, unchanged stock prices 86, stock prices hitting new highs 599 and stock prices hitting new lows 9. 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: BLK gain 10.45, HOD 226.65, LOD 219.49, EOD 222.80; POT shed 1.29, HOD 128.40, LOD 125.15, EOD 125.69; FAS gain 3.07, HOD 96.84, LOD 93.66, EOD 95.61; CME gain 1.67, HOD 317.55, LOD 314.50, EOD 316.00; RUE gain 1.27, HOD 36.30, LOD 34.50, EOD 35.37; CLD shed 0.16, HOD 17.60, LOD 16.45, EOD 16.59; ATU gain 0.92, HOD 20.90, LOD 19.87, EOD 20.47; DFS shed 0.06, HOD 15.78, LOD 14.73, EOD 15.24.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:

Advanced stock prices 1,613, declined stock prices 1,115, unchanged stock prices 132, stock prices hitting new highs 298 and stock prices hitting new lows 18. 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: PLCM gain 2.70, HOD 34.14, LOD 32.40, EOD 33.14; FUQI shed 7.10, HOD 12.64, LOD 11.78, EOD 11.90; AAPL shed 0.33, HOD 226.45, LOD 223.27, EOD 224.12; FMCN shed 0.37, HOD 18.72, LOD 16.39, EOD 16.40.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:

Advanced stock prices 266, declined stock prices 239, unchanged stock prices 36, stock prices hitting new highs 30 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) Mar 10: EOD 1161.25; Change 6.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,933.00; Change 4.50
E-mini DOW $5 (YM) Mar 10: EOD 10,667; Change 43
E-mini S&P MidCap 400 (MF) Mar 10: EOD 793.70; Change 5.80
Nikkei 225 (Yen) Mar 10: EOD 10,785; Change 55

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:

Euro 0.7279 to U.S. Dollars 1.3700
Japanese Yen 90.2500 to U.S. Dollars 0.0111
British Pound 0.6526 to U.S. Dollars 1.5300
Canadian Dollar 1.0102 to U.S. Dollars 0.9899
Swiss Franc 1.0542 to U.S. Dollars 0.9485

COMMODITY MARKETS:

Energy Sector - Nymex:

Light Crude (April 10) gain $1.23, EOD $82.93 per barrel ($US per barrel)
Heating Oil (April 10) gain $0.02, EOD $2.14 a gallon ($US per gallon)
Natural Gas (April 10) shed $0.04, EOD $4.30 per million BTU ($US per mmbtu.)
Unleaded Gas (April 10) gain $0.03, EOD $2.31 gallon ($US per gallon)

Metals Markets - Comex:

Gold (April 10) gain $1.80, EOD $1,124.00 ($US per Troy ounce)
Silver (April 10) gain $0.16, EOD $17.50 ($US per Troy ounce)
Platinum (April 10) gain $4.90, EOD $1,633.70 ($US per Troy ounce)
Copper (April 10) gain $0.05, EOD $3.41 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):

Lean Hogs (April 10) shed $0.15, EOD $71.60
Pork Bellies (April 10) unchanged, EOD $91.00
Live Cattle (Aril 10) gain $0.67, EOD $96.15
Feeder Cattle (April 10) gain $0.32, EOD $103.28

Other Commodities - Chicago Board of Trade (cents per bushel):

Corn (May 10) gain $7.25 , EOD $374.00
Soybeans (May 10) gain $14.00, EOD $959.00