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US stock market daily report (May 25, 2010, Tuesday)

Contributed by Millennium Traders

By Millennium Traders

Dow Jones Index fell almost 300 points this afternoon, as investors are growing more concerned over the falling euro. Dow Jones fell below the physiological 10,000 level this morning losing almost 300 points. In the afternoon stocks were able to regain some of the earlier losses, the Dow was down by 120 points with an hour left in the session. Besides investors still being worried about the problems overseas they are now focusing some attention towards the tensions between North and South Korea. After South Korea announced penalties against North Korea for supposedly torpedoing a Southern patrol ship in late March, North Korea announced a returned threat to the country. They went on to say their military be patrolling and ready to defend their western sea boarder. Over the past week, since May 14th, North Korea has seen dozens of South Korea's warships in the yellow sea. Over the past couple of weeks there hasn't really been any great news to help push stocks higher, the European debt crisis is the topic investors are paying close attention to. Investors also credit the recent Dow sell off to market correction; from the low in March 2009 lows and the highs stocks reached in April, the Dow rose 71%. A technical market correction is a decline by over 10%; the Dow is currently down 10.2% off of the high in late April. At the end of the trading session stocks rallied; with just under a half hour left, the Dow managed to recuperate all of its previous losses to be negative 41 points. Commodity prices fell; gold rose $4.00 to $1,197.80 an ounce and crude oil fell $1.46 to $68.75 per barrel.

Economic data released today:

Redbook:

U.S. Retail Sales First 3 Weeks May rose 0.3% versus April; U.S. Retail Sales First 3 Weeks May rose 2.8% versus May Year-Ago; U.S. Retail Sales rose 2.0% Week Ended May 22 versus Year-Ago.

S&P/CS Home Price Indices Composite - 20 (YoY):

S&P Case-Shiller 1Q U.S. National Home Price Index fell 3.2% Quarter on Quarter; S&P Case-Shiller 1Q U.S. Natlional Home Price Index rose 2.0% Year on Year; S&P Case-Shiller Mar 20-City Home Price Index fell 0.5% Month on Month; S&P Case-Shiller Mar 10-City Home Price Index fell 0.4% Month on Month; S&P Case-Shiller Mar 10-City Home Price Index rose 3.1% Year on Year; S&P Case-Shiller Mar 20-City Home Price Index rose 2.3% Year on Year.

CB Consumer Confidence:

U.S. Conference Board May Expectations Index 85.3 versus April 77.4; U.S. Conference Board May Consumer Confidence 63.3 versus April 57.7; U.S. Conference Board May Present Situation Index 30.2 versus April 28.2.

Richmond Manufacturing Index:

May Retail Revenues Index 0 versus April 15; May Services Revenues Index 8 versus April 9; May Mfg Shipments Index 32 versus April 30; May Manufacturing Index 26 versus April 30.

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) shed 22.82 points, EOD 10,043.75
NYSE (New York Stock Exchange) gain 1.30, EOD 6,668.04
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 3.42 points, EOD 2,210.13
S&P 500 (SPX) gain 0.67 point, EOD 1,074.32
BEL 20 (BEL20) shed 72.66 points, EOD 2,329.79
CAC 40 (CAC40) shed 99.64 points, EOD 3,331.29
FTSE100 (UKX100) shed 128.93 points, EOD 4,940.68
NIKKEI 225 (NIK/O) shed 298.51, EOD 9,459.89

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

Advanced stock prices 1,075, declined stock prices 2,065, unchanged stock prices 86, stock prices hitting new highs 21 and stock prices hitting new lows 127. 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 3.58, HOD 208.24, LOD 203.81, EOD 206.26; AZO gain 10.17, HOD 195.59, LOD 187.98, EOD 194.42; AIR shed 3.79, HOD 19.03, LOD 18.03, EOD 18.25; GS gain 5.95, HOD 143.19, LOD 134.20, EOD 142.64; CME shed 11.51, HOD 315.00, LOD 306.61, EOD 311.50; TSL shed 0.46, HOD 17.56, LOD 16.00, EOD 17.20; PVH shed 0.41, HOD 54.04, LOD 50.67, EOD 53.87.

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

Advanced stock prices 908, declined stock prices 1,828, unchanged stock prices 107, stock prices hitting new highs 11 and stock prices hitting new lows 180. 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 shed 2.11, HOD 246.76, LOD 237.16, EOD 244.65; BIDU shed 2.22, HOD 69.46, LOD 66.43, EOD 68.78; UPRO shed 0.34, HOD 131.29, LOD 121.13, EOD 131.12; FSLR gain 3.39, HOD 112.98, LOD 105.00, EOD 112.60; GOOG shed 0.14, HOD 477.19, LOD 465.22, EOD 477.02; PCLN gain 0.43, HOD 194.25, LOD 185.13, EOD 193.57.

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

Advanced stock prices 146, declined stock prices 354, unchanged stock prices 36, stock prices hitting new highs 4 and stock prices hitting new lows 29.

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

E-mini S&P 500 (ES) Mar 10: EOD 1070.50; Change -0.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,809.25; Change -3.25
E-mini DOW $5 (YM) Mar 10: EOD 10,011; Change -32
E-mini S&P MidCap 400 (MF) Mar 10: EOD 739.20; Change -2.20
Nikkei 225 (Yen) Mar 10: EOD 9,520; Change -160

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.8108 to U.S. Dollars 1.2300
Japanese Yen 90.0850 to U.S. Dollars 0.0110
British Pound 0.6948 to U.S. Dollars 1.4400
Canadian Dollar 1.0729 to U.S. Dollars 0.9339
Swiss Franc 1.1572 to U.S. Dollars 0.8638

COMMODITY MARKETS:

Energy Sector - Nymex:

Light Crude (July 10) shed $1.46, EOD $68.75 per barrel ($US per barrel)
Heating Oil (June 10) shed $0.02, EOD $1.87 a gallon ($US per gallon)
Natural Gas (June 10) gain $0.03, EOD $4.05 per million BTU ($US per mmbtu.)
Unleaded Gas (June 10) shed $0.04, EOD $1.93 gallon ($US per gallon)

Metals Markets - Comex:

Gold (May 10) gain $4.00, EOD $1,197.80 ($US per Troy ounce)
Silver (May 10) shed $0.21, EOD $17.76 ($US per Troy ounce)
Platinum (May 10) shed $42.60, EOD $1,489.90 ($US per Troy ounce)
Copper (May 10) shed $0.10, EOD $3.03 ($US per pound)

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

Lean Hogs (June 10) shed $0.72, EOD $81.15
Pork Bellies (May 10) unchanged, EOD $112.00
Live Cattle (June 10) shed $1.10, EOD $90.02
Feeder Cattle (May 10) shed $0.07, EOD $108.00

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

Corn (May 10) shed $6.75, EOD $364.25
Soybeans (May 10) shed $10.00, EOD $930.50