Thread: Health Care

Daily Market Commentary for March 18, 2010

Health Care

Congressional Budget Office announced they estimate that the Democrats' revised health care bill will cost $940 billion over the next 10 years. (Read more at Millennium-Traders.Com)

Economic data released today:

Core CPI [Consumer Price Index] (MoM):
U.S. February Producer Prices fell 0.6%; Compared to Consensus of a decrease by 0.3%; U.S. February 0.6% Drop in Producer Prices is Biggest in Seven Months; U.S. February PPI Intermediate Goods rose 0.1; Core rose 0.9%; U.S. February PPI Crude Goods fell 3.5%; Core fell 0.6%; U.S. February PPI Energy Prices fell 2.9%; Gasoline Down 7.4%; U.S. February Passenger Car Prices rose 0.5%; U.S. January PPI Unrevised at an increase by 1.4%; U.S. February PPI Ex-Food & Energy rose 0.1%; Compared to Consensus of an increase by 0.1%.

Initial Jobless Claims:
U.S. Jobless Claims fell 5K to 457K in week of March 13; compared to Survey of a decrease by 7K; U.S. March 6 Week Continuing Claims rose 12K to 4,579,000; U.S. March 6 Week Jobless Claims Unrevised at 462K; U.S. Real Average Weekly Earnings fell 0.2% in February.

Current Account:
U.S. 4Q Current Account Deficit $115.6B; Seen Deficit $118.0B; 2009 Current Account Deficit of $419.9B is Smallest since 2001; U.S. 2009 Current Account Deficit $419.9B versus 2008 Deficit $706.1B; U.S. 3Q Current Account Revised to Deficit $102.3B versus Deficit $108.0B.

Philadelphia Fed Manufacturing Index:
Philadelphia Fed March Inventories fell 11.0 versus February 3.2; Philadelphia Fed March Delivery Times 7.9 versus February decrease by 2.1; Philadelphia Fed March Shipments 13.6 versus February 19.7; Philadelphia Fed March New Orders 9.3 versus February 22.7; Philadelphia Fed March Employment 8.4 versus February 7.4; Philadelphia Fed March Price Received -0.4 versus February 3.7; Philadelphia Fed March Price Paid 38.6 versus February 32.4; Philadelphia Fed March Business Index Expected 17.8; Philadelphia Fed March Business Index 18.9 versus February 17.6.

U.S. Conference Board Leading Index (MoM):
February Leading Index rose 0.1%; February Coincident Index rose 0.1%; February Lagging Index rose 0.3%.

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 45.50 points, EOD 10,779.17
NYSE (New York Stock Exchange) shed 30.65, EOD 7,443.48
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 2.19 points, EOD 2,391.28
S&P 500 (SPX) shed 0.38 points, EOD 1,165.83
BEL 20 (BEL20) shed 10.77 points, EOD 2,654.85
CAC 40 (CAC40) shed 19.71 points, EOD 3,938.18
FTSE100 (UKX100) shed 2.01, EOD 5,642.62
NIKKEI 225 (NIK/O) shed 102.95 points, EOD 10,744.03

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,293, declined stock prices 1,784, unchanged stock prices 118, stock prices hitting new highs 368 and stock prices hitting new lows 1. 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: FDX gain 2.87, HOD 92.96, LOD 87.00, EOD 92.67; GME gain 1.30, HOD 22.11, LOD 21.03, EOD 21.16; NKE gain 3.78, HOD 73.35, LOD 73.30, EOD 74.66; VIP shed 1.27, HOD 17.70, LOD 16.70, EOD 16.77; POT shed 2.8817, HOD 126.20, LOD 121.42, EOD 122.88; BLK gain 2.86, HOD 227.00, LOD 222.27, EOD 225.66; CMG shed 0.85, HOD 115.51, LOD 113.86, EOD 114.17; FAS shed 1.14, HOD 95.73, LOD 92.95, EOD 94.47; GES gain 0.67, HOD 48.39, LOD 46.75, EOD 47.35; CLC shed 0.53, HOD 34.43, LOD 33.46, EOD 34.10.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,181, declined stock prices 1,539, unchanged stock prices 132, stock prices hitting new highs 172 and stock prices hitting new lows 16. 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: TEVA gain 2.07, HOD 62.82, LOD 61.61, EOD 62.01; TIVO gain 0.10, HOD 16.41, LOD 15.57, EOD 15.95; PCLN shed 0.11, HOD 244.90, LOD 240.37, EOD 242.81; SOMX gain 5.27, HOD 10.01, LOD 3.77, EOD 9.21; AAPL gain 0.53, HOD 225.00, LOD 222.61, EOD 224.65; ROST shed 1.81, HOD 53.95, LOD 51.82, EOD 52.15; MLHR shed 1.13, HOD 20.32, LOD 18.89, EOD 18.94.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 233, declined stock prices 271, unchanged stock prices 34, stock prices hitting new highs 23 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 1161.00; Change 0.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,940.75; Change 6.75
E-mini DOW $5 (YM) Mar 10: EOD 10,716; Change 53
E-mini S&P MidCap 400 (MF) Mar 10: EOD 790.10; Change -3.20
Nikkei 225 (Yen) Mar 10: EOD 10,735; Change -35

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7343 to U.S. Dollars 1.3600
Japanese Yen 90.2850 to U.S. Dollars 0.0111
British Pound 0.6558 to U.S. Dollars 1.5200
Canadian Dollar 1.0132 to U.S. Dollars 0.9869
Swiss Franc 1.0570 to U.S. Dollars 0.9460

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 10) shed $0.73, EOD $82.20 per barrel ($US per barrel)
Heating Oil (April 10) shed $0.02, EOD $2.12 a gallon ($US per gallon)
Natural Gas (April 10) shed $0.21, EOD $4.08 per million BTU ($US per mmbtu.)
Unleaded Gas (April 10) shed $0.00, EOD $2.30 gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 10) gain $3.40, EOD $1,127.40 ($US per Troy ounce)
Silver (April 10) shed $0.95, EOD $17.41 ($US per Troy ounce)
Platinum (April 10) shed $4.20, EOD $1,629.50 ($US per Troy ounce)
Copper (April 10) shed $0.02, EOD $3.39 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) gain $1.27, EOD $72.88
Pork Bellies (April 10) unchanged, EOD $91.00
Live Cattle (Aril 10) gain $1.37, EOD $97.52
Feeder Cattle (April 10) gain $1.35, EOD $104.62

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) gain $2.00 , EOD $376.00
Soybeans (May 10) gain $0.50, EOD $959.50

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