Daily Market Commentary for March 11, 2009
Check the headlines of the financial markets each day and it's almost a certainty that you will read about another Ponzi scheme uncovered by the Securities Exchange Commission. (read more at Millennium-Traders.Com)
Economic data released today:
MBA Purchase Applications:
U.S. MBA Market Index rose 11.3% at 723.4; U.S. MBA Market Index came in at 649.7 last week; U.S. MBA Purchase Index rose 7.1% at 253.3; U.S. MBA Purchase Index came in at 236.4 last week.
EIA Petroleum Status Report as reported by the Department of Energy:
U.S. Crude Oil Stockpiles rose by 0.749 Million Barrels at 351.339 Million Barrels; U.S. Gasoline Stockpiles fell by 2.993 Million Barrels at 212.517 Million Barrels; U.S. Distillate Stockpiles rose by 2.108 Million Barrels at 145.404 Million Barrels; U.S. Refineries ran at 82.7% versus 83.1% a week ago; U.S. Crude Oil Stockpiles rose by 1.6 Million Barrels in the week compared to expectations of an increase by 200,000; U.S. Gasoline Stockpiles fell by 3 Million Barrels in the week compared to expectations of a drop by 400,000; U.S. Distillate Stockpiles rose by 2.1 Million Barrels in the week compared to expectations of an increase by 200,000; U.S. Refineries ran at 82.7% capacity compared to expectations of a drop by 0.1 point at 83.0%.
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 of 3.91 points to end the trading session at 6,930.40
NYSE (New York Stock Exchange) gain of 6.00 points to end the trading session at 4,505.38
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 13.36 points to end the trading session at 1,371.64
S&P 500 (SPX) gain of 1.76 points to end the trading session at 721.36
BEL 20 (BEL20) gain of 30.74 points to end the trading session at 1,647.25
CAC 40 (CAC40) gain of 10.52 points to end the trading session at 2,674.20
FTSE100 (UKX100) loss of 21.42 points to end the trading session at 3,693.81
NIKKEI 225 (NIK/O) triple digit gain of 321.14 points at the end the trading session at 7,376.12
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,756, declined stock prices 1,363, unchanged stock prices 90, stock prices hitting new highs 6 and stock prices hitting new lows 76. 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: PNC Financial Services (NYSE: PNC) stock price gained 0.09 points on the trading session, high on the trading session $28.35, low on the trading session $24.26, with a closing stock price at $24.80; Con-way (NYSE: CNW) stock price gained 1.55 points on the trading session, high on the trading session $16.97, low on the trading session $14.88, with a closing stock price at $16.19; American Express Company (NYSE: AXP) stock price shed 0.30 points on the trading session, high on the trading session $12.15, low on the trading session $11.18, with a closing stock price at $11.86; HSBC Holdings plc (NYSE: HBC) stock price shed 3.44 points on the trading session, high on the trading session $24.45, low on the trading session $23.34, with a closing stock price at $23.59; J. Crew Group (NYSE: JCG) stock price gained 0.70 points on the trading session, high on the trading session $11.19, low on the trading session $10.06, with a closing stock price at $10.42; Morgan Stanley (NYSE: MS) stock price gained 1.67 points on the trading session, high on the trading session $23.83, low on the trading session $21.79, with a closing stock price at $22.51.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,409, declined stock prices 1,378, unchanged stock prices 126, stock prices hitting new highs 4 and stock prices hitting new lows 107. 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: LHC Group (NasdaqGS: LHCG) stock price gained 1.18 points on the trading session, high on the trading session $21.00, low on the trading session $18.57, with a closing stock price at $19.40; ***** (NasdaqGS: AAPL) stock price gained 4.34 points on the trading session, high on the trading session $94.07, low on the trading session $89.58, with a closing stock price at $92.97; First Solar (NasdaqGS: FSLR) stock price shed 0.76 points on the trading session, high on the trading session $127.00, low on the trading session $116.50, with a closing stock price at $119.48; Baidu (NasdaqGS: BIDU) stock price gained 1.16 points on the trading session, high on the trading session $172.10, low on the trading session $160.50, with a closing stock price at $167.75.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 268, declined stock prices 257, unchanged stock prices 85, stock prices hitting new highs 3 and stock prices hitting new lows 18.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 09: End of trading session price 720.75; Change for the trading session 4.75
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,125; Change for the trading session 19
E-mini DOW $5 (YM) Mar 09: End of trading session price 6,918; Change for the trading session 31
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 433.90; Change for the trading session 3.80
E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 7,400Change for the trading session 60
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7786 to U.S. Dollars 1.2844
Japanese Yen 97.20 to U.S. Dollars 0.0103
British Pound 0.7204 to U.S. Dollars 1.3881
Canadian Dollar 1.2847 to U.S. Dollars 0.7784
Swiss Franc 1.1525 to U.S. Dollars 0.8677
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 09) shed $1.21 on the trading session for a closing price of $44.50 per barrel ($US per barrel)
Heating Oil (April 09) shed $0.07 on the trading session for a closing price of $1.13 a gallon ($US per gallon)
Natural Gas (April 09) shed $0.04 on the trading session for a closing price of $3.80 per million BTU ($US per mmbtu.)
Unleaded Gas (March 09) shed $0.05 on the trading session for a closing price of $1.25 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 09) gained $14.80 on the trading session for a closing price of $910.70 ($US per Troy ounce)
Silver (May 09) gained $0.26 on the trading session for a closing price of $12.80 ($US per Troy ounce)
Platinum (April 09) gained $13.40 on the trading session for a closing price of $1,050 ($US per Troy ounce)
Copper (May 09) shed $0.06 on the trading session for a closing price of $1.63 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 09) shed 0.20 on the trading session for a closing price of 60.33
Pork Bellies (May 09) gained 1.00 on the trading session for a closing price of 82.50
Live Cattle (April 09) shed 0.33 on the trading session for a closing price of 82.55
Feeder Cattle (April 09) shed 0.40 on the trading session for a closing price of 90.35
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 09) shed 11.00 on the trading session for a closing price of 364.50
Soybeans (May 09) shed 15.00 on the trading session for a closing price of 862.00
BOND MARKET:
2 year Bond Closing price 99 23/32, change 1/32, Yield 1.01, Yield change -0.02
5 year Bond closing price of 99 23/32, change 11/32, Yield 1.93, Yield change -0.07
10 year Bond closing price 98 25/32, change 31/32, Yield 2.88, Yield change -0.12
30 year Bond closing price 97 10/32, change 1 4/32, Yield 3.64, Yield change -0.07
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