Daily Market Commentary for October 21, 2009

Wells Fargo

Stocks rose this morning after key banks released strong earnings, Wells Fargo (WFC) earned nearly double what they earned in the third-quarter last year. (Read more at Millennium-Traders.Com)

Economic data released today:

Crude Oil Inventories as released from Department of Energy [DOE]:
U.S. Crude Oil Stockpiles +1.312 Million Barrels at 339.072 Million Barrels; U.S. Crude Oil Stockpiles +1.312 Million Barrels in week; was seen increasing by 1.3 Million Barrels; U.S. Gasoline Stockpiles -2.214 Million Barrels at 206.945 Million Barels; U.S. Gasoline Stockpiles -2.214 Million Barrels in week; was seen decreasing by 0.8 Million Barrels; U.S. Distillate Stockpiles -0.784 Million Barrels at 169.888 Million Barrels; U.S. Distillate Stockpiles -0.784 Million Barrels in week; was seen decreasing by 0.8 Million Barrels; U.S. Refineries Ran at 81.1% versus 80.9% week ago; U.S. Refineries Ran at 81.1%; was seen at 81.20%.

Fed Beige Book:
Stabilizing or modest improvement in most sectors; housing market, manufacturing kept improving; consumer spending remains weak in most areas; commercial real estate seen as weakest sector; little or no rise in wage, price pressures seen; labor market weak but a few good signs seen; end of 'cash for clunkers' leaves slower sales.

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 90.76 points, EOD 9,950.72
NYSE (New York Stock Exchange) shed 51.06, EOD 7,107.21
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 14.22 points, EOD 2,149.25
S&P 500 (SPX) shed 9.84 points, EOD 1,081.22
BEL 20 (BEL20) shed 6.56 points, EOD 2,578.03
CAC 40 (CAC40) gain 1.77 points, EOD 3,873.22
FTSE100 (UKX100) gain 14.45 points, EOD 5,257.85
NIKKEI 225 (NIK/O) unchanged 246.77, EOD 9,731.87

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,048 declined stock prices 2,026, unchanged stock prices 97, stock prices hitting new highs 328 and stock prices hitting new lows 6. 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: FAS shed 4.37, HOD 88.41, LOD 80.60, EOD 80.84; STX shed 0.36, HOD 15.48, LOD 14.81, EOD 15.19; SLM gain 1.84, HOD 11.54, LOD 10.02, EOD 10.74; TUP gain 3.55, HOD 48.73, LOD 45.24, EOD 47.56; CME shed 0.60, HOD 323.58, LOD 316.15, EOD 317.44; BLK shed 2.79, HOD 237.77, LOD 233.04, EOD 233.81; KCI shed 2.89, HOD 39.25, LOD 34.83, EOD 34.85; MA gain 0.67, HOD 232.16, LOD 223.34, EOD 225.67; POT gain 0.48, HOD 104.94, LOD 100.56, EOD 102.48; ICE gain 0.48, HOD 109.59, LOD 105.25, EOD 106.43; MAN shed 8.05, HOD 58.75, LOD 52.43, EOD 52.70.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 894, declined stock prices 1,833, unchanged stock prices 123, stock prices hitting new highs 156 and stock prices hitting new lows 19. 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: ISRG shed 15.14, HOD 256.73, LOD 241.27, EOD 252.31; PLCM shed 4.36, HOD 22.88, LOD 21.34, EOD 22.01; AAPL gain 6.16, HOD 208.71, LOD 199.23, EOD 204.92; CREE gain 4.73, HOD 46.25, LOD 42.43, EOD 45.89; BIDU shed 2.80, HOD 416.50, LOD 404.57, EOD 405.92; GENZ shed 3.42, HOD 54.89, LOD 50.50, EOD 51.43; SNDK gain 2.05, HOD 24.25, LOD 22.49, EOD 23.53; CYMI shed 1.18, HOD 38.46, LOD 32.00, EOD 37.67.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 259, declined stock prices 273, unchanged stock prices 53, stock prices hitting new highs 37 and stock prices hitting new lows 6.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1079.50; Change -10.00
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,752.25; Change -6.00
E-mini DOW $5 (YM) Dec 09: EOD 9913; Change -87
E-mini S&P MidCap 400 (MF) Dec 09: EOD 702.00; Change -6.90
Nikkei 225 (Yen) Dec 09: EOD 10,265; Change -50

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6668 U.S. Dollars 1.4997
Japanese Yen 90.8300 to U.S. Dollars 0.0110
British Pound 0.6031 to U.S. Dollars 1.6580
Canadian Dollar 1.0456 to U.S. Dollars 0.9564
Swiss Franc 1.0072 to U.S. Dollars 0.9929

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (November 09) gain $2.25, EOD $81.37 per barrel ($US per barrel)
Heating Oil (November 09) gain $0.06, EOD $2.13 a gallon ($US per gallon)
Natural Gas (November 09) shed $0.14, EOD $5.79 per million BTU ($US per mmbtu.)
Unleaded Gas (November 09) gain $0.07, EOD $2.05 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $5.90, EOD $1,064.50 ($US per Troy ounce)
Silver (December 09) gain $0.27, EOD $17.83 ($US per Troy ounce)
Platinum (January 09) gain $18.10, EOD $1,374.40 ($US per Troy ounce)
Copper (December 09) gain $0.10, EOD $3.04 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $0.80, EOD $53.68
Pork Bellies (February 10) gain $1.05, EOD $81.50
Live Cattle (December 09) gain $0.93, EOD $87.08
Feeder Cattle (November 09) gain $1.08, EOD $96.73

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $13.75, EOD $397.00
Soybeans (November 09) shed $24.50, EOD $1,009.75

BOND MARKET:
2 year EOD 100 3/32, change -1/32, Yield 0.94, Yield change 0.02
5 year EOD 100 5/32, change -7/32, Yield 2.33, Yield change 0.05
10 year EOD 101 31/32, change -12/32, Yield 3.38, Yield change 0.04
30 year EOD 105, change -21/32, Yield 4.20, change 0.04

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