US stock market daily report (July 27, 2010, Tuesday)

Date: 27 July 2010
Contributed by Millennium Traders

By Millennium Traders

BP Oil Company reported its first quarterly loss in 18 years today. BP has been faced with many hurdles since the oil explosion in April; the oil giant reported a loss of $17 billion in the second quarter, and at the same time confirmed reports that Tony Hayward will resign as BP CEO. Tony Hayward will step down October 1 and the new CEO, who is going to be Robert Dudley, will take over. It is reported that Tony Hayward will receive his yearly salary of $1.6 million, further details were not mentioned. The new CEO Robert Dudley, has been an employee of BP quite some time now and has been involved in the oil business for over 30 years. Dudley has been running the cleanup efforts since June, which will be taken over by BP President Lamar Mckay. BP has many more hurdles ahead, but has a positive outlook for the future. In the next 18 months BP plans on selling around $30 billion in oil and gas fields to help. BP said they expect the total cleanup costs to be $32.2 billion; the company has already spent around $2.9 billion. The $32.2 billion includes; $20 billion BP put into an escrow account for people affected by the spill, it also include the money already spend on the efforts. In today's trading session, stocks struggled to find direction after a week report on consumer confidence. Stocks rose in the morning on better than expected earnings from some big companies. DuPont reported earnings doubled in the second quarter, beating forecasts. The chemical maker said it earned $1.17 billion, or $1.26 per share; analysts were expecting earnings of $0.93 per share. Stocks managed to hold on to gains made earlier; with less than an hour left in the session, the Dow was up 13 points. Commodity prices fell; gold fell $25.00 to $1,158.00 and crude oil fell $1.48 to $77.50 per barrel.

Economic data released today:

Redbook:
U.S. Retail Sales rose 2.7% Week Ended July 24 versus Year Ago; U.S. Retail Sales First 3 Weeks July rose 2.8% versus July Year Ago; U.S. Retail Sales First 3 Weeks July fell 0.7% versus June.

S&P/Case-Shiller Home Price Indices Composite - 20 (YoY):
S&P Case-Shiller May 20-City Home Price Index rose 1.3% Month on Month; S&P Case-Shiller May 10-City Home Price Index rose 1.2% Month on Month; S&P Case-Shiller May 20-City Home Price Index rose 4.6% Year on Year; S&P Case-Shiller May 10-City Home Price Index rose 5.4% Year on Year.

U.S. Conference Board Consumer Confidence:
July Consumer Confidence 50.4 versus June 54.3; July Present Situation Index 26.1 versus June 26.8; July Expectations Index 66.6 versus June 72.7.

Richmond Manufacturing Index:
July Manufacturing Index 16 versus June 23; July Manufacturing Shipments Index 22 versus June 31; July Services Revenues Index 8 versus June 5; July Retail Revenues Index 0 versus June decrease by 1.

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 12.79 points, EOD 10,538.22
NYSE (New York Stock Exchange) shed 3.55, EOD 7,042.45
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 8.19 points, EOD 2,288.24
S&P 500 (SPX) shed 1.35 points, EOD 1,113.66
BEL 20 (BEL20) gain 25.68 points, EOD 2,5571.43
CAC 40 (CAC40) gain 30.22 points, EOD 3,666.40
FTSE100 (UKX100) gain 14.55 points, EOD 5,365.67
NIKKEI 225 (NIK/O) shed 6.81 points, EOD 9,496.85

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,347, declined stock prices 1,726, unchanged stock prices 96, stock prices hitting new highs 242 and stock prices hitting new lows 11. 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: AKS shed 0.73, HOD 15.70, LOD 14.17, EOD 14.47; BP shed 0.67, HOD 38.56, LOD 37.33, EOD 37.98; TMO shed 4.84, HOD 48.76, LOD 45.95, EOD 46.15; MA gain 1.58, HOD 215.56, LOD 212.39, EOD 214.14; RIG gain 1.04, HOD 47.35, LOD 45.66, EOD 47.11; SVU gain 0.01, HOD 11.93, LOD 11.50, EOD 11.59; OMI shed 1.05, HOD 27.91, LOD 26.74, EOD 27.10; LM shed 1.01, HOD 30.24, LOD 28.85, EOD 29.07.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,137, declined stock prices 1,515, unchanged stock prices 151, stock prices hitting new highs 100 and stock prices hitting new lows 27. 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 4.80, HOD 264.80, LOD 260.30, EOD 264.08; VECO shed 1.26, HOD 47.73, LOD 42.60, EOD 43.43; GOOG gain 3.66, HOD 497.50, LOD 490.17, EOD 492.63; ISRG shed 5.05, HOD 344.72, LOD 332.10, EOD 335.46; PCLN shed 7.52, HOD 234.45, LOD 223.88, EOD 224.03.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 219, declined stock prices 254, unchanged stock prices 50, stock prices hitting new highs 12 and stock prices hitting new lows 8.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1110.00; Change 0.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,887.50; Change 0.00
E-mini DOW $5 (YM) Mar 10: EOD 10,486; Change 29
E-mini S&P MidCap 400 (MF) Mar 10: EOD 770.80; Change -4.10
Nikkei 225 (Yen) Mar 10: EOD 9,625; Change 90

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7648 to U.S. Dollars 1.3000
Japanese Yen 87.9050 to U.S. Dollars 0.0113
British Pound 0.6414 to U.S. Dollars 1.5600
Canadian Dollar 1.0362 to U.S. Dollars 0.9655
Swiss Franc 1.0601 to U.S. Dollars 0.9431

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (September 10) shed $1.48, EOD $77.50 per barrel ($US per barrel)
Heating Oil (August 10)shed $0.04, EOD $2.00 a gallon ($US per gallon)
Natural Gas (August 10) gain $0.06, EOD $4.68 per million BTU ($US per mmbtu.)
Unleaded Gas (August 10) shed $0.04, EOD $2.06 gallon ($US per gallon)

Metals Markets - Comex:
Gold (July 10) shed $25.00, EOD $1,158.00 ($US per Troy ounce)
Silver (July 10) shed $0.57, EOD $17.62 ($US per Troy ounce)
Platinum (July 10) shed $18.20, EOD $1,534.50 ($US per Troy ounce)
Copper (July 10) shed $0.02, EOD $3.20 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 10) gain $0.22, EOD $82.23
Pork Bellies (July 10) unchanged, EOD $119.50
Live Cattle (August 10) shed $0.05, EOD $92.60
Feeder Cattle (August 10) shed $0.05, EOD $114.90

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) shed $1.25, EOD $362.75
Soybeans (August 10) shed $0.25, EOD $998.00

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