Dow Jones

Daily Market Commentary for January 26, 2011

Dow Jones

President Obama's State of the Union address gave stocks a boost today, helping the Dow Jones rise above 12,000. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index fell 12.9% at 441.8; Last Week 507.0; U.S. MBA Purchase Index fell 8.7% at 172.3; Last Week 188.8; U.S. MBA Refinance Index fell 15.3% at 2,025.2; Last Week 2,390.7.

New Home Sales:
U.S. December New Home Sales rose 17.5% to 329K; Compared to Consensus of 299K; U.S. November New Home Sales Revised To 280K from 290K.

Crude Oil Inventories as released by DOE:
U.S. Refineries Ran at 81.8% capacity; Was Seen at 83.10% capacity; U.S. Refineries Ran at 81.8% capacity versus 83.0% capacity a Week Ago; U.S. Distillate Stockpiles fell 0.14 Million Barrels in Week; Was Seen decreasing by 0.3 Million Barrels; U.S. Distillate Stockpiles fell 0.14 Million Barrels at 165.657 Million Barrels; U.S. Gasoline Stockpiles rose 2.404 Million Barrels in Week; Was Seen increasing by 2.1 Million Barrels; U.S. Gasoline Stockpiles rose 2.404 Million Barrels at 230.074 Million Barrels; U.S. Crude Oil Stockpiles rose 4.836 Million Barrels in Week; Was Seen increasing by 0.9 Million Barrels; U.S. Crude Oil Stockpiles rose 4.836 Million Barrels at 340.565.

FOMC Statement:
Fed Keeps Fed Funds Range Unchanged at 0.0% to 0.25%; Employers Remain Reluctant to Add to Payrolls; Fed Funds to Stay Exceptionally Low for Extended Period; To Regularly Review Pace, Size of Bond Purchase Program; To Continue Bond Purchase Program; Progress on Economy Disappointingly Slow; Commodity Prices Have Risen; Measures of Underlying Inflation Trending Downward; Long-Term Inflation Expectations Stable; Housing Sector Remains Depressed; Business Spending on Equipment, Software Rising; Household Spending Picked Up Late Last Year; Recovery too Slow to Significantly Improve Labor Market; Economic Recovery is continuing; Fed Leaves Discount Rate Unchanged At 0.75%; FOMC: Voted 11-0 For Fed Funds Rate Action.

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 15.78 points, EOD 11,992.97
NYSE (New York Stock Exchange) gain 52.17, EOD 8,193.30
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 20.67 points, EOD 2,739.92
S&P 500 (SPX) gain 6.34 points, EOD 1,297.52
BEL 20 (BEL20) gain 8.66 points, EOD 2,669.54
CAC 40 (CAC40) gain 29.45 points, EOD 4,049.07
FTSE100 (UKX100) gain 51.5 points, EOD 5,969.21
NIKKEI 225 (NIK/O) shed 62.52 points, EOD 10,401.90

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,161, declined stock prices 909, unchanged stock prices 109, stock prices hitting new highs 239 and stock prices hitting new lows 14. 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: RIO gain 2.60, HOD 71.28, LOD 69.79, EOD 71.17; CF gain 3.89, HOD 136.00, LOD 129.56, EOD 134.62; CRM gain 4.19, HOD 129.08, LOD 126.82, EOD 128.16; CME shed 1.36, HOD 308.73, LOD 304.50, EOD 305.54; ESI gain 0.45, HOD 75.55, LOD 70.71, EOD 71.17.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,022, declined stock prices 671, unchanged stock prices 100, stock prices hitting new highs 159 and stock prices hitting new lows 15. 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: NFLX shed 4.34, HOD 187.59, LOD 181.83, EOD 182.40; MSTR gain 12.00, HOD 115.27, LOD 103.04, EOD 105.01; FFIV gain 1.34, HOD 110.00, LOD 107.06, EOD 108.87; TEVA gain 1.66, HOD 57.08, LOD 54.71, EOD 56.23; BIDU gain 2.10, HOD 108.57, LOD 105.76, EOD 107.99; ISRG gain 7.06, HOD 338.86, LOD 327.35, EOD 337.99.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 361, declined stock prices 125, unchanged stock prices 36, stock prices hitting new highs 9 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 1294.25; Change 6.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,313.25; Change 12.00
E-mini DOW $5 (YM) Mar 10: EOD 11,947; Change 25
Nikkei 225 (Yen) Mar 10: EOD 10,440; Change 15

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7305 to U.S. Dollars 1.37
Japanese Yen 82.3150 to U.S. Dollars 0.0121
British Pound 0.6291 to U.S. Dollars 1.5900
Canadian Dollar 0.9954 to U.S. Dollars 1.00
Swiss Franc 0.9434 to U.S. Dollars 1.06

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 11) gain $1.14, EOD $87.33 per barrel ($US per barrel)
Heating Oil (March 11) gain $0.07, EOD $2.67 a gallon ($US per gallon)
Natural Gas (February 11) shed $0.08, EOD $4.39 per million BTU ($US per mmbtu.)
Unleaded Gas (March 11) gain $0.08, EOD $2.46 gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 11) gain $0.70, EOD $1,333.00 ($US per Troy ounce)
Silver (March 11) gain $0.32, EOD $27.13 ($US per Troy ounce)
Platinum (April 11) gain $9.60, EOD $1,796.90 ($US per Troy ounce)
Copper (March 11) gain $0.04, EOD $4.27 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) gain $3.00, EOD $90.12
Pork Bellies (February 11) gain $1.50, EOD $108.00
Live Cattle (April 11) gain $1.15, EOD $112.30
Feeder Cattle (March 11) gain $1.00, EOD $108.00

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) gain $13.75, EOD $657.75
Soybeans (March 11) gain $11.50, EOD $1,386.00

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