Beige Book

Daily Market Commentary for September 9, 2009

Beige Book

Investors anticipated the release of the Federal Reserve's Beige Book this afternoon, while stocks took a break. (read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index rose 17.0% at 648.3 compared to Last Week 554.1; U.S. MBA Purchase Index rose 9.5% at 304.1 compared to Last Week 277.6; U.S. MBA Refinance Index rose 22.5% at 2651.2 compared to Last Week 2164.1.

ICSC Chain Store Sales:
U.S. ICSC/Goldman Sachs Chain Store Sales rose 0.6% in week of September 5; U.S. ICSC/Goldman Sachs Chain Store Sales fell 0.1% on the year.

Redbook:
U.S. Retail Sales First Week of Sep rose 0.2% versus August; U.S. Retail Sales First Week Sep fell 2.4% versus September a year ago; U.S. Retail Sales fell 2.4% Week Ending Sep 5 versus a year ago.

Fed Beige Book:
Economy continued stabilizing July, August; most districts reported flat retail sales; most said 'cash for clunkers' helped sales; downward pressure on home prices in most areas; labor markets remained weak in most districts; loan demand called weak; credit standards tight; wage pressure remained minimal across districts; consumer prices called steady in most districts.

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 49.88 points, EOD 9,547.22
NYSE (New York Stock Exchange) gain 46.33, EOD 6,772.40
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 22.62 points, EOD 2,060.39
S&P 500 (SPX) gain 7.98 points, EOD 1,033.37
BEL 20 (BEL20) gain 24.69 points, EOD 2,446.64
CAC 40 (CAC40) gain 46.73 points, EOD 3,707.69
FTSE100 (UKX100) gain 56.96 points, EOD 5,004.30
NIKKEI 225 (NIK/O) shed 81.09 points, EOD 10,312.14

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,201 declined stock prices 862, unchanged stock prices 100, stock prices hitting new highs 171 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: SNX gain 1.33, HOD 31.89, LOD 30.58, EOD 31.83; AIG gain 3.04, HOD 39.86, LOD 35.55, EOD 38.89; FAS gain 2.78, HOD 76.70, LOD 72.65, EOD 75.98; CME gain 1.44, HOD 276.00, LOD 268.10, EOD 274.07; MA gain 2.86, HOD 211.69, LOD 207.25, EOD 210.31.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,932, declined stock prices 794, unchanged stock prices 103, stock prices hitting new highs 98 and stock prices hitting new lows 6. 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: HITK gain 4.16, HOD 21.98, LOD 20.01, EOD 21.42; GOLD shed 0.85, HOD 71.31, LOD 67.78, EOD 68.51; AVAV shed 2.38, HOD 29.24, LOD 27.46, EOD 28.04; VVUS gain 4.89, HOD 12.49, LOD 10.75, EOD 11.80; FSLR gain 2.20, HOD 144.82, LOD 134.79, EOD 136.61; WYNN gain 3.67, HOD 62.11, LOD 58.04, EOD 61.09; BIDU gain 6.45, HOD 364.48, LOD 356.01, EOD 363.60; ISRG gain 12.02, HOD 244.74, LOD 229.69, EOD 242.46; AAPL shed 1.79, HOD 174.47, LOD 169.70, EOD 171.14; TRIN gain 14.18, HOD 199.82, LOD 182.16, EOD 199.50; CASY gain 2.37, HOD 30.72, LOD 29.29, EOD 30.56; NATI gain 0.87, HOD 26.75, LOD 25.88, EOD 26.75; BCRX gain 0.43, HOD 11.14, LOD 10.47, EOD 10.88; **** shed 1.31, HOD 14.87, LOD 13.62, EOD 13.67; URBN gain 1.68, HOD 31.00, LOD 29.05, EOD 30.60.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 325, declined stock prices 204, unchanged stock prices 49, stock prices hitting new highs 27 and stock prices hitting new lows 1.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 1032.25; Change 7.25
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,668.25; Change 13.00
E-mini DOW $5 (YM) Sept 09: EOD 9,536; Change 40
E-mini S&P MidCap 400 (MF) Sept 09: EOD 670.00; Change 8.00
Nikkei 225 (Yen) Sept 09: EOD 10,445; Change 30

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6871 to U.S. Dollars 1.4553
Japanese Yen 92.0700 to U.S. Dollars 0.0109
British Pound 0.6049 to U.S. Dollars 1.6533
Canadian Dollar 1.0802 to U.S. Dollars 0.9258
Swiss Franc 1.0414 to U.S. Dollars 0.9602

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 09) gain $0.21, EOD $71.31 per barrel ($US per barrel)
Heating Oil (October 09) gain $0.01, EOD $1.79 a gallon ($US per gallon)
Natural Gas (October 09) gain $0.15, EOD $2.96 per million BTU ($US per mmbtu.)
Unleaded Gas (October 09) no change $0.00, EOD $1.83 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) shed $2.70, EOD $997.10 ($US per Troy ounce)
Silver (December 09) shed $0.04, EOD $16.47 ($US per Troy ounce)
Platinum (October 09) gain $1.80, EOD $1,282.00 ($US per Troy ounce)
Copper (December 09) shed $0.03, EOD $2.92 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) gain $0.48, EOD $51.45
Pork Bellies (February 10) gain $2.00, EOD $86.43
Live Cattle (October 09) gain $0.45, EOD $87.55
Feeder Cattle (October 09) gain $1.05, EOD $100.23

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $2.25, EOD $309.50
Soybeans (November 09) shed $8.00, EOD $928.50

BOND MARKET:
2 year EOD 100 4/32, change 1/32, Yield 0.93, Yield change -0.02
5 year EOD 100, change 3/32, Yield 2.36, Yield change -0.03
10 year EOD 101 7/32, change 1/32, Yield 3.47, Yield change -0.01
30 year EOD 102 29/32, change -4/32, Yield 4.32, change 0.01

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