Federal Reserve Bank

Daily Market Commentary for September 23, 2009

Federal Reserve Bank

Federal Reserve Bank wraps up their two day meeting today and will be announcing their conclusion on interest rates at 2:15 p.m. EST; stocks were dropping as investors awaited the highly anticipated decision. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA (Mortgage Bankers Association) Mortgage Applications:
U.S. MBA Market Index rose 12.8% at 668.5 compared to Last Week 592.8; U.S. MBA Purchase Index rose 5.6% at 288.3 compare to Last Week 272.9; U.S. MBA Refinance Index rose 17.4% at 2881.5 compared to Last Week 2454.5.

Crude Oil Inventories as reported by DOE (Department of Energy):
U.S. Crude Oil Stockpiles +2.855 million barrels at 335.608 million barrels; U.S. Crude Oil Stockpiles +2.855 million barrels in week; was seen -1.5 million barrels; U.S. Gasoline Stockpiles +5.409 million barrels at 213.109 million barrels; U.S. Gasoline Stockpiles +5.409 million barrels in week; was seen +0.4 million barrels; U.S. Distillate Stockpiles +2.961 million barrels at 170.754 million barrels; U.S. Distillate Stockpiles +2.961 million barrels in week; was seen +1.6 million barrels; U.S. Refineries Ran at 85.58% capacity versus 86.94% Week Ago; U.S. Refineries Ran at 85.58% capacity; was seen 86.20%.

Interest Rate Decision by FOMC (Federal Open Market Committee):
Voted 10-0 for Fed funds rate action; Fed leaves discount rate at 0.5%; economic activity has picked up, to remain weak for a time; to slow pace of mortgage security purchases, finish in 2010; repeats plan to finish treasury purchases in October; expects inflation to be subdued `for some time'; long-term inflation expectations stable; policy actions will support stronger economic growth; rates to stay `exceptionally low' for extended period; financial conditions, housing market have improved; consumer spending stabilizing, remains constrained; businesses cutting investment, staffing at slower pace; to use wide range of tools for growth, stable inflation; to evaluate timing, amounts of purchase programs.

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) shed 79.20 points, EOD 9,750.67
NYSE (New York Stock Exchange) shed 82.44, EOD 6,964.69
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 15.8 points, EOD 2,130.50
S&P 500 (SPX) shed 11.27 points, EOD 1,060.39
BEL 20 (BEL20) gain 12.54 points, EOD 2,491.19
CAC 40 (CAC40) shed 1.73 points, EOD 3,821.79
FTSE100 (UKX100) shed 3.23 points, EOD 5,139.37
NIKKEI 225 (NIK/O) unchanged, EOD 10,370.54

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,105 declined stock prices 1,974, unchanged stock prices 92, stock prices hitting new highs 325 and stock prices hitting new lows 7. 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: AIG gain 0.91, HOD 49.56, LOD 46.03, EOD 46.71; STX shed 0.22, HOD 16.16, LOD 15.44, EOD 15.46; IMA shed 2.71, HOD 39.60, LOD 37.82, EOD 38.07; AIR gain 2.08, HOD 21.83, LOD 19.67, EOD 21.07; MDR shed 0.80, HOD 27.30, LOD 26.20, EOD 26.34; FAS shed 4.89, HOD 91.34, LOD 84.51, EOD 84.76; RTP shed 2.73, HOD 181.67, LOD 176.36, EOD 176.41; BLK gain 2.83, HOD 220.17, LOD 210.50, EOD 211.03; CME shed 5.17, HOD 315.00, LOD 306.00, EOD 306.10; SLG shed 3.42, HOD 47.17, LOD 43.15, EOD 43.39; WLT shed 5.35, HOD 65.35, LOD 61.54, EOD 61.86; GS shed 1.88, HOD 188.00, LOD 183.64, EOD 183.64; AZO shed 11.42, HOD 148.94, LOD 141.44, EOD 141.50; MA shed 5.19, HOD 225.82, LOD 219.15, EOD 219.39; FUL gain 0.10, HOD 22.59, LOD 20.92, EOD 21.38; OSK shed 1.42, HOD 31.48, LOD 29.70, EOD 29.80.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,047, declined stock prices 1,690, unchanged stock prices 108, stock prices hitting new highs 146 and stock prices hitting new lows 5. 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: XLNX gain 1.11, HOD 24.47, LOD 23.54, EOD 23.83; BIDU shed 1.34, HOD 403.60, LOD 394.00, EOD 394.95; FSLR shed 3.59, HOD 157.53, LOD 152.21, EOD 152.71; KERX gain 0.33, HOD 3.33, LOD 2.62, EOD 2.69; AAPL gain 1.02, HOD 188.90, LOD 185.03, EOD 185.50; RIMM gain 0.91, HOD 88.08, LOD 84.80, EOD 85.77; SNDA gain 3.12, HOD 60.35, LOD 55.01, EOD 58.44; DECK gain 2.17, HOD 85.25, LOD 81.78, EOD 83.99; XTXI gain 0.37, HOD 6.18, LOD 5.29, EOD 5.60; APOL shed 0.81, HOD 71.75, LOD 70.36, EOD 70.51; ERTS gain 1.31, HOD 20.33, LOD 18.55, EOD 19.83; XOMA gain 0.16, HOD 1.07, LOD 0.85, EOD 1.01.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 230, declined stock prices 314, unchanged stock prices 46, stock prices hitting new highs 35 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 1056.50; Change -10.75
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,722.50; Change -11.75
E-mini DOW $5 (YM) Sept 09: EOD 9,691; Change -80
E-mini S&P MidCap 400 (MF) Sept 09: EOD 692.30; Change -9.20
Nikkei 225 (Yen) Sept 09: EOD 10,315; Change -75

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6786 to U.S. Dollars 1.4736
Japanese Yen 91.3500 to U.S. Dollars 0.0109
British Pound 0.6116 to U.S. Dollars 1.6352
Canadian Dollar 1.0750 to U.S. Dollars 0.9320
Swiss Franc 1.0265 to U.S. Dollars 0.9742

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 09) shed $2.79, EOD $68.97 per barrel ($US per barrel)
Heating Oil (November 09) shed $0.05, EOD $1.79 a gallon ($US per gallon)
Natural Gas (November 09) gain $0.23, EOD $4.75 per million BTU ($US per mmbtu.)
Unleaded Gas (October 09) shed $0.08, EOD $1.70 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) shed $1.10, EOD $1,014.40 ($US per Troy ounce)
Silver (December 09) shed $0.21, EOD $16.91 ($US per Troy ounce)
Platinum (October 09) shed $11.40, EOD $1,333.00 ($US per Troy ounce)
Copper (December 09) gain $0.06, EOD $2.81 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $1.30, EOD $50.05
Pork Bellies (February 10) shed $1.23, EOD $80.18
Live Cattle (December 09) gain $1.40, EOD $85.75
Feeder Cattle (November 09) gain $1.18, EOD $97.95

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $4.50, EOD $330.25
Soybeans (November 09) shed $1.50, EOD $920.50

BOND MARKET:
2 year EOD 100 2/32, change 4 16/32, Yield 0.96, Yield change 0.01
5 year EOD 99 1/32, change 8/32, Yield 2.36, Yield change -0.05
10 year EOD 101 25/32, change 10/32, Yield 3.40, Yield change -0.04
30 year EOD 105 6/32, change 2/32, Yield 4.19, change 0.00

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