Daily Market Commentary for December 7, 2009

Government Bailout

President Obama's administration announced today that they are expecting to reduce the estimated cost of the Troubled Asset Relief Program; a program funded by the government bailout, by $200 billion, the administration estimated the costs of the TARP program would reach $341 billion. (Read more at Millennium-Traders.Com)

Economic data released today:

Consumer Credit:
U.S. October Consumer Credit Decreased $3.5B; September Consumer Credit Revised to down $8.8B from down $14.8B; U.S. October Consumer Credit Falls Ninth Month in a Row.

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 2.64 points, EOD 10,391.54
NYSE (New York Stock Exchange) shed 26.98, EOD 7,155.73
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 5.54 points, EOD 2,188.81
S&P 500 (SPX) shed 2.84 points, EOD 1,103.14
BEL 20 (BEL20) shed 4.98 points, EOD 2,533.86
CAC 40 (CAC40) shed 6.57 points, EOD 3,840.05
FTSE100 (UKX100) shed 11.7 points, EOD 5,310.66
NIKKEI 225 (NIK/O) triple digit gain 145.01 points, EOD 10,167.60

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,649 declined stock prices 1,441, unchanged stock prices 84, stock prices hitting new highs 216 and stock prices hitting new lows 4. 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: STE gain 1.06, HOD 30.24, LOD 28.27, EOD 30.20; AIG gain 0.05, HOD 31.46, LOD 29.92, EOD 30.17; POT gain 4,11, HOD 123.00, LOD 119.46, EOD 121.17; CF gain 1.01, HOD 90.90, LOD 86.19, EOD 89.56; MA shed 2.39, HOD 242.49, LOD 237.55, EOD 238.94; CME shed 6.95, HOD 334.95, LOD 322.26, EOD 323.68; BLK shed 1.96, HOD 225.91, LOD 220.00, EOD 221.53; EDC shed 2.52, HOD 136.95, LOD 132.99, EOD 133.38; CVX gain 0.10, HOD 78.92, LOD 77.70, EOD 78.17; FPL gain 0.21, HOD 53.28, LOD 52.70, EOD 52.96; BHP shed 0.40, HOD 76.01, LOD 74.47, EOD 74.87; GSM gain 0.51, HOD 9.75, LOD 8.78, EOD 9.00.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,384, declined stock prices 1,337, unchanged stock prices 143, stock prices hitting new highs 110 and stock prices hitting new lows 13. 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: GOLD gain 0.12, HOD 84.09, LOD 79.93, EOD 82.34; BIDU shed 4.32, HOD 425.67, LOD 418.08, EOD 421.00; FSLR gain 5.56, HOD 135.94, LOD 130.69, EOD 135.18; AAPL shed 4.37, HOD 193.77, LOD 188.68, EOD 188.95; PCLN shed 4.60, HOD 221.99, LOD 213.65, EOD 216.12; CELG shed 0.44, HOD 57.07, LOD 54.55, EOD 55.53.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 248, declined stock prices 273, unchanged stock prices 39, stock prices hitting new highs 13 and stock prices hitting new lows n/a.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1102.50; Change -5.50
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,782.75; Change -12.25
E-mini DOW $5 (YM) Dec 09: EOD 10,379; Change -21
E-mini S&P MidCap 400 (MF) Dec 09: EOD 701.00; Change -1.00
Nikkei 225 (Yen) Dec 09: EOD 10,075; Change -140

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6752 U.S. Dollars 1.4811
Japanese Yen 89.5100 to U.S. Dollars 0.0112
British Pound 0.6083 to U.S. Dollars 1.6439
Canadian Dollar 1.0528 to U.S. Dollars 0.9498
Swiss Franc 1.0201 to U.S. Dollars 0.9803

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (January 10) shed $1.54, EOD $73.93 per barrel ($US per barrel)
Heating Oil (January 10) shed $0.02, EOD $2.01 a gallon ($US per gallon)
Natural Gas (January 10) gain $0.39, EOD $4.97 per million BTU ($US per mmbtu.)
Unleaded Gas (January 10) shed $0.03, EOD $1.94 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 10) shed $5.50, EOD $1,164.00 ($US per Troy ounce)
Silver (March 10) shed $0.14, EOD $18.38 ($US per Troy ounce)
Platinum (January 10) shed $5.10, EOD $1,444.60 ($US per Troy ounce)
Copper (March 10) shed $0.05, EOD $3.19 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 10) shed $0.20, EOD $66.55
Pork Bellies (February 10) gain $1.73, EOD $84.53
Live Cattle (February 10) gain $0.10, EOD $83.30
Feeder Cattle (January 10) shed $0.50, EOD $92.85

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (march 10) shed $4.75, EOD $383.50
Soybeans (January 10) gain $10.00, EOD $1,053.00

BOND MARKET:
2 year EOD 99 31/32, change 5/32, Yield 0.76, Yield change -0.08
5 year EOD 99 25/32, change 11/32, Yield 2.17 Yield change -0.07
10 year EOD 99 18/32, change 13/32, Yield 3.42, Yield change -0.05
30 year EOD 99 23/32, change 2/32, Yield 4.39, change 0.00

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