Daily Market Commentary for February 26, 2010

Economic Data

Stocks turned lower this morning after a batch of mixed economic data. (Read more at Millennium-Traders.Com)

Economic data released today:

GDP [Gross Domestic Product]:
U.S. Revised 4Q GDP Growth Estimate Highest in Over 6 Years; 4Q Preliminary Chain-Weighted Price Index rose 0.4% Versus an Advance by 0.6%; 4Q Preliminary Purchases Price Index rose 1.9% Versus an Advance by 2.1%; 4Q Preliminary Core PCE Price Index rose 1.6% Versus an Advance by 1.4%; 4Q Preliminary PCE Price Index rose 2.3% Versus an Advance by 2.7%; 4Q Preliminary Real Final Sales rose 1.9% Versus an Advance by 2.2%; U.S. 4Q GDP Consensus rose 5.9%; U.S. 4Q Preliminary GDP rose 5.9% Versus an Advance by 5.7%.

Chicago PMI [Chicago Purchasing Mgmt]:
U.S. Chicago PMI Adjusted February Index 62.6 versus January 61.5; U.S. Chicago PMI February Employment Index 53.0 versus January 59.8; U.S. Chicago PMI February New Orders Index 62.2 versus January 66.4; U.S. Chicago PMI February Supplier Deliveries 62.6; versus January 55.3; U.S. Chicago PMI February Prices Paid Index 67.7 versus January 66.2.

University of Michigan Consumer Sentiment Index:
End-February Sentiment 73.6; January 74.4; End-February Current Index 81.8; January 81.1; End-February Expectations 68.4; January 70.1; Preliminary February Sentiment was 73.7; 5-Year Inflation Forecast rose 2.7%; January rose 2.9%; 12-Month Inflation Forecast rose 2.7%; January rose 2.8%.

Existing Home Sales:
U.S. January Median Existing Home Price Unchanged on the year at $164,700; U.S. Inventory of Unsold U.S. Homes st 7.8 Months Supply; U.S. January Existing Home Sales Consensus 5.50M Rate; U.S. January Existing Home Sales fell 7.2% to 5.05M Rate.

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 16.78 points, EOD 10,337.81
NYSE (New York Stock Exchange) gain 21.59, EOD 7,035.04
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 4.96 points, EOD 2,239.18
S&P 500 (SPX) gain 1.75 points, EOD 1,104.69
BEL 20 (BEL20) gain 34.22 points, EOD 2,514.87
CAC 40 (CAC40) gain 68.03 points, EOD 3,708.80
FTSE100 (UKX100) unchanged, EOD 5,278.22
NIKKEI 225 (NIK/O) gain 21.68 points, EOD 10,126.03

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,817 declined stock prices 1,284 unchanged stock prices 92, stock prices hitting new highs 185 and stock prices hitting new lows 8. 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: RST gain 4.66, HOD 22.88, LOD 21.10, EOD 22.00; INT gain 2.18, HOD 26.96, LOD 25.63, EOD 26.42; FLR shed 2.25, HOD 43.18, LOD 41.85, EOD 42.80; MHK gain 3.80, HOD 52.09, LOD 48.92, EOD 51.58; WTW shed 4.43, HOD 27.36, LOD 25.60, EOD 25.72.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,256, declined stock prices 1,451, unchanged stock prices 119, stock prices hitting new highs 100 and stock prices hitting new lows 11. 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: FSLR gain 2.78, HOD 105.98, LOD 102.53, EOD 105.75; BIDU gain 9.81, HOD 518.69, LOD 509.00, EOD 518.68; AAPL gain 2.62, HOD 205.17, LOD 202.03, EOD 204.62; ATHN shed 6.68, HOD 38.74, LOD 36.76, EOD 36.84; MCCC gain 0.22, HOD 4.78, LOD 4.50, EOD 4.64; DECK gain 14.04, HOD 121.48, LOD 114.06, EOD 120.20.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 294, declined stock prices 193, unchanged stock prices 43, stock prices hitting new highs 16 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 1104.00; Change 1.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,819.50; Change 6.00
E-mini DOW $5 (YM) Mar 10: EOD 10,318; Change 2
E-mini S&P MidCap 400 (MF) Mar 10: EOD 736.90; Change -0.10
Nikkei 225 (Yen) Mar 10: EOD 10,110; Change 50

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7343 U.S. Dollars 1.3618
Japanese Yen 88.8500 to U.S. Dollars 0.0113
British Pound 0.6560 to U.S. Dollars 1.5245
Canadian Dollar 1.0513 to U.S. Dollars 0.9512
Swiss Franc 1.0739 to U.S. Dollars 0.9312

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 10) gain $1.57, EOD $79.74 per barrel ($US per barrel)
Heating Oil (April 10) gain $0.04, EOD $2.04 a gallon ($US per gallon)
Natural Gas (April 10) gain $0.03, EOD $4.79 per million BTU ($US per mmbtu.)
Unleaded Gas (April 10) gain $0.04, EOD $2.19 gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 10) gain $10.00, EOD $1,118.50 ($US per Troy ounce)
Silver (May 10) gain $0.37, EOD $16.51 ($US per Troy ounce)
Platinum (April 10) gain $11.80, EOD $1,543.00 ($US per Troy ounce)
Copper (May 10) gain $0.06, EOD $3.27 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) gain $0.68, EOD $72.80
Pork Bellies (May 10) gain $3.00, EOD $91.30
Live Cattle (April 10) gain $0.18, EOD $91.93
Feeder Cattle (March 10) gain $0.25, EOD $102.50

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) gain $6.00, EOD $389.00
Soybeans (May 10) gain $11.50, EOD $961.00

BOND MARKET:
2 year EOD 100 4/32, change 1/32, Yield 0.81, Yield change -0.01
5 year EOD 100 11/32, change 5/32, Yield 2.30 Yield change -0.02
10 year EOD 100 4/32, 6/32, Yield 3.60 Yield change -0.03
30 year EOD 101 6/32, change 13/32, Yield 4.55, change -0.02

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