Daily Market Commentary for February 1, 2010

Obama

Obama announced his $3.8 trillion budget for 2011 today. (Read more at Millennium-Traders.Com)

Economic data released today:

Core PCE Price Index:
December PCE Core Price Index rose 0.1% Rate on Month; rose 1.5% on Year; December PCE Price Index rose 0.1% Rate on Month; rose 2.1% on Year.

Personal Income/Spending:
U.S. Personal Income rose 0.4% in December; Compared to Consensus of an increase by 0.3%; U.S. Personal Spending rose 0.2% in December; Compared to Consensus of an increase by 0.3%; November Personal Income Revised to rise 0.5% from an increase by 0.4%; November Spending Revised to rise 0.7% from an increase by 0.5%.

ISM Manufacturing Index:
U.S. ISM January Manufacturing PMI 58.4 versus December 54.9; U.S. ISM January Manufacturing PMI Expected 55.3; U.S. ISM January Prices Index 70.0 versus December 61.5; U.S. ISM January Employment Index 53.3 versus December 50.2; U.S. ISM January New Orders Index 65.9 versus December 64.8; U.S. ISM January Production Index 66.2 versus December 59.7; U.S. ISM January Inventories Index 46.5 versus December 43.0.

Construction Spending:
November Construction Spending Revised to fall 1.2% from a decrease by 0.6%; U.S. Construction Spending fell 1.2% in December; Compared to Consensus of a decrease by 0.7%.

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) triple digit gain 120.02 points, EOD 10,187.34
NYSE (New York Stock Exchange) triple digit gain 124.45, EOD 7,008.23
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 22.7 points, EOD 2,170.05
S&P 500 (SPX) gain 15.16 points, EOD 1,089.03
BEL 20 (BEL20) gain 32.51 points, EOD 2,537.71
CAC 40 (CAC40) gain 22.55 points, EOD 3,762.01
FTSE100 (UKX100) gain 58.89 points, EOD 5,247.41
NIKKEI 225 (NIK/O) gain 6.98 points, EOD 10,205.02

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,447 declined stock prices 675, unchanged stock prices 80, stock prices hitting new highs 55 and stock prices hitting new lows 15. 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: CAT gain 0.70, HOD 53.50, LOD 52.50, EOD 52.94; AMG gain 3.55, HOD 65.19, LOD 60.66, EOD 64.12; HUM gain 0.09, HOD 50.37, LOD 46.18, EOD 48.71; FAS gain 3.01, HOD 73.00, LOD 70.54, EOD 72.42; CME gain 4.40, HOD 292.65, LOD 283.53, EOD 291.22; GS gain 4.41, HOD 155.25, LOD 149.21, EOD 153.13; EOG gain 5.13, HOD 95.66, LOD 91.25, EOD 95.55; HAE shed 3.42, HOD 56.08, LOD 52.40, EOD 53.19; LZ shed 0.76, HOD 73.13, LOD 68.86, EOD 72.93.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,731, declined stock prices 1,000, unchanged stock prices 110, stock prices hitting new highs 36 and stock prices hitting new lows 20. 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: CRNT gain 1.21, HOD 13.05, LOD 12.23, EOD 13.00; CYOU shed 0.92, HOD 33.27, LOD 30.60, EOD 32.67; SOHU shed 0.13, HOD 50.79, LOD 46.62, EOD 50.22; BIDU gain 13.97, HOD 429.79, LOD 416.81, EOD 425.68; AMZN shed 6.54, HOD 124.86, LOD 113.82, EOD 118.87; FSLR gain 4.19, HOD 119.84, LOD 114.25, EOD 117.49; AAPL gain 2.67, HOD 196.00, LOD 191.30, EOD 194.73; PCLN gain 8.85, HOD 204.53, LOD 192.72, EOD 204.20; IDXX shed 2.56, HOD 53.30, LOD 49.03, EOD 49.93.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 318, declined stock prices 189, unchanged stock prices 33, stock prices hitting new highs 11 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 1084.25; Change 13.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,755.25; Change 16.00
E-mini DOW $5 (YM) Mar 10: EOD 10,127; Change 110
E-mini S&P MidCap 400 (MF) Mar 10: EOD 710.60; Change 9.30
Nikkei 225 (Yen) Mar 10: EOD 10,285; Change 80

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7179 U.S. Dollars 1.3930
Japanese Yen 90.6400 to U.S. Dollars 0.0110
British Pound 0.6266 to U.S. Dollars 1.5959
Canadian Dollar 1.0622 to U.S. Dollars 0.9414
Swiss Franc 1.0557 to U.S. Dollars 0.9472

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 10) gain $1.88, EOD $74.77 per barrel ($US per barrel)
Heating Oil (March 10) gain $0.04, EOD $1.95 a gallon ($US per gallon)
Natural Gas (March 10) gain $0.28 EOD $5.41 per million BTU ($US per mmbtu.)
Unleaded Gas (March 10) gain $0.02 EOD $1.93 gallon ($US per gallon)

Metals Markets - Comex:
Gold (March 10) gain $21.50, EOD $1,105.30 ($US per Troy ounce)
Silver (March 10) gain $0.46, EOD $16.65 ($US per Troy ounce)
Platinum (April 10) gain $44.40, EOD $1,550.40 ($US per Troy ounce)
Copper (March 10) gain $0.04, EOD $3.09 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) shed $2.45, EOD $68.60
Pork Bellies (May 10) shed $2.60, EOD $79.40
Live Cattle (April 10) shed $0.68, EOD $88.70
Feeder Cattle (March 10) shed $1.15, EOD $97.73

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 10) gain $2.50, EOD $359.00
Soybeans (March 10) shed $4.25, EOD $909.75

BOND MARKET:
2 year EOD 100 1/32, change -3/32, Yield 0.85, Yield change 0.04
5 year EOD 99 13/32, change -8/32, Yield 2.37 Yield change 0.05
10 year EOD 97 23/32, change -18/32, Yield 3.65 Yield change 0.07
30 year EOD 97, change -1 4/32, Yield 4.56, change 0.08

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