Federal Minimum Wage

Daily Market Commentary for July 24, 2009

Federal Minimum Wage

Federal minimum wage goes up to $7.25 an hour today, an increase of 70 cents since last summer.(read more at Millennium-Traders.Com) http://www.millennium-traders.com/ne...yjuly2409.aspx

Economic data released today:

University of Michigan Consumer Sentiment Index:
End-July Current Index came in at 70.5 compared to June reading of 73.2; End-July Expectations at 63.2 compared to June reading of 69.2; Preliminary July Sentiment was 64.6; 12-Month Inflation Forecast rose 2.9% compared to June increase by 3.1%; 5-Year Inflation Forecast rose 3.0%compared to June increase by 3.0%.

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 23.95 points, EOD 9,093.24
NYSE (New York Stock Exchange) gain 34.94, EOD 6,337.46
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 7.64 points, EOD 1,965.96
S&P 500 (SPX) gain 2.97 points, EOD 979.26
BEL 20 (BEL20) shed 5.42 points, EOD 2,135.43
CAC 40 (CAC40) shed 7.27 points, EOD 3,366.45
FTSE100 (UKX100) gain 16.81 points, EOD 4,576.61
NIKKEI 225 (NIK/O) triple digit gain 151.61 points, EOD 9,944.55

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,921, declined stock prices 1,136, unchanged stock prices 116, stock prices hitting new highs 63 and stock prices hitting new lows 4. 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: CB gain 2.76, HOD 45.50, LOD 43.69, EOD 45.37; MTD shed 1.60, HOD 83.80, LOD 77.64, EOD 83.62; CME shed 5.16, HOD 276.00, LOD 265.95, EOD 270.84; BLK shed 5.72, HOD 197.83, LOD 189.65, EOD 192.18; MA shed 0.40, HOD 189.10, LOD 183.87, EOD 185.47.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,476, declined stock prices 1,197, unchanged stock prices 144, stock prices hitting new highs 81 and stock prices hitting new lows 12. 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: SPWRA gain 7.19, HOD 32.46, LOD 29.64, EOD 32.04; DECK shed 7.93, HOD 70.50, LOD 65.50, EOD 69.28; FSLR gain 11.65, HOD 173.10, LOD 162.76, EOD 169.43; AMZN shed 7.38, HOD 88.90, LOD 85.50, EOD 86.49; BIDU gain 25.46, HOD 363.30, LOD 338.08, EOD 358.10; RVBD shed 4.19, HOD 21.50, LOD 19.70, EOD 21.28; JNPR gain 0.31, HOD 26.97, LOD 25.00, EOD 26.86; RIGL shed 1.13, HOD 10.90, LOD 9.31, EOD 10.43; BCRX gain 0.91, HOD 9.68, LOD 8.46, EOD 9.49; ISRG gain 7.16, HOD 223.42, LOD 211.50, EOD 222.53; IDXX gain 50.30, HOD 50.41, LOD 45.60, EOD 50.30; SPWRB gain 6.97, HOD 28.77, LOD 25.70, EOD 28.49; GOOG gain 9.38, HOD 450.49, LOD 435.00, EOD 446.72.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 285, declined stock prices 222, unchanged stock prices 69, stock prices hitting new highs 8 and stock prices hitting new lows -.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 978.75; Change 1.00
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,598.75; Change 1.50
E-mini DOW $5 (YM) Sept 09: EOD 9,062; Change 4
E-mini S&P MidCap 400 (MF) Sept 09: EOD 621.00; Change 0.40
Nikkei 225 (Yen) Sept 09: EOD 10,040; Change 5

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7037 to U.S. Dollars 1.4211
Japanese Yen 94.7400 to U.S. Dollars 0.0106
British Pound 0.6084 to U.S. Dollars 1.6436
Canadian Dollar 1.0847 to U.S. Dollars 0.9219
Swiss Franc 1.0716 to U.S. Dollars 0.9332

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 09) gain $0.89, EOD $68.05 per barrel ($US per barrel)
Heating Oil (September 09) gain $0.01, EOD $1.81 a gallon ($US per gallon)
Natural Gas (September 09) gain $0.15, EOD $3.86 per million BTU ($US per mmbtu.)
Unleaded Gas (August 09) gain $0.00, EOD $1.92 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) shed $1.70, EOD $953.10 ($US per Troy ounce)
Silver (September 09) gain $0.11, EOD $13.88 ($US per Troy ounce)
Platinum (October 09) gain $3.40, EOD $1,191.40 ($US per Troy ounce)
Copper (September 09) no change $0.00, EOD $2.52 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) shed $1.83, EOD $54.58
Pork Bellies (August 09) shed $2.00, EOD $61.30
Live Cattle (October 09) shed $0.35, EOD $89.75
Feeder Cattle (August 09) gain $0.18, EOD $102.55

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $11.50, EOD $326.75
Soybeans (November 09) shed $17.00, EOD $915.00

BOND MARKET:
2 year EOD 100 6/32, change 0, Yield 1.00, Yield change -0.02
5 year EOD 100 11/32, change -1/32, Yield 2.53, Yield change -0.01
10 year EOD 95 16/32, change -2/32, Yield 3.66, Yield change 0.00
30 year EOD 94 29/32, change -7/32, Yield 4.54, change -0.01

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