Daily Market Commentary for October 29, 2009

GDP

Commerce Department reported Thursday that GDP rose at an annual rate of 3.5 percent in the third quarter, this was the first time in over a year that it grew, the last time was in 2008's second quarter. (Read more at Millennium-Traders.Com)

Economic data released today:

GDP [Gross Domestic Product] Price Index:
U.S. GDP rose 3.5% rate in 3Q compared to consensus of an increase by 3.2%; Real Final Sales rose 2.5% in 3Q; CE Price Index rose 2.8% rate in 3Q; Core PCE Price Index rose 1.4% rate in 3Q; Domestic Purchases Price Index rose 1.6% rate in 3Q; Chain-Weighted Price Index rose 0.8% rate in 3Q.

Initial Jobless Claims:
U.S. Jobless Claims in week of October 24 fell 1K to 530K compared to survey of a decrease by 6K; U.S. Continuing Claims for week of October 17 fell 148K to 5,797,000; U.S. Jobless Claims Unrevised for week of October 17 at 531K.

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) triple digit gain 193.39 points, EOD 9,956.08
NYSE (New York Stock Exchange) triple digit gain 189.62, EOD 6,955.31
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 39.02 points, EOD 2,098.63
S&P 500 (SPX) gain 23.42 points, EOD 1,066.05
BEL 20 (BEL20) gain 68.49 points, EOD 2,440.45
CAC 40 (CAC40) gain 50.24 points, EOD 3,714.02
FTSE100 (UKX100) gain 57.3 points, EOD 5,137.72
NIKKEI 225 (NIK/O) shed 183.95, EOD 9,891.10

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,512 declined stock prices 823, unchanged stock prices 105, stock prices hitting new highs 19 and stock prices hitting new lows 39. 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: LNC gain 3.02, HOD 25.88, LOD 23.65, EOD 25.27; FLS gain 3.62, HOD 103.63, LOD 94.12, EOD 103.05; CME gain 5.75, HOD 315.88, LOD 292.96, EOD 313.77; AVB gain 0.40, HOD 71.23, LOD 66.90, EOD 70.18; FAS gain 7.87, HOD 77.48, LOD 71.59, EOD 77.35; EDC gain 16.12, HOD 137.57, LOD 126.77, EOD 136.14; CBG shed 0.16, HOD 11.49, LOD 10.73, EOD 11.30; MWW shed 0.60, HOD 16.59, LOD 14.82, EOD 15.89; AEM shed 4.44, HOD 58.77, LOD 56.01, EOD 57.18; POT gain 2.88, HOD 97.69, LOD 95.00, EOD 96.82; ESI shed 0.66, HOD 95.43, LOD 90.20, EOD 92.46; CRR gain 9.83, HOD 62.19, LOD 54.99, EOD 60.89.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,928, declined stock prices 2,328, unchanged stock prices 91, stock prices hitting new highs 17 and stock prices hitting new lows 48. 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: AAPL gain 3.95, HOD 196.81, LOD 192.14, EOD 196.35; FSLR shed 25.11, HOD 129.23, LOD 122.75, EOD 126.47; AMZN gain 0.93, HOD 124.30, LOD 120.12, EOD 122.57; BIDU shed 3.43, HOD 400.88, LOD 389.11, EOD 393.40; WYNN gain 2.42, HOD 57.19, LOD 54.52, EOD 56.29; IDCC gain 1.94, HOD 20.83, LOD 19.40, EOD 20.51; SYMC gain 2.01, HOD 17.83, LOD 16.92, EOD 17.74; ITRI gain 4.18, HOD 62.02, LOD 57.20, EOD 61.79; TSPT shed 5.57, HOD 6.62, LOD 5.51, EOD 5.90; CERN gain 1.13, HOD 82.40, LOD 75.75, EOD 77.99.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 340, declined stock prices 183, unchanged stock prices 38, stock prices hitting new highs 6 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1059.50; Change 21.00
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,706.25; Change 26.25
E-mini DOW $5 (YM) Dec 09: EOD 9,886; Change 175
E-mini S&P MidCap 400 (MF) Dec 09: EOD 674.70; Change 11.70
Nikkei 225 (Yen) Dec 09: EOD 10,040; Change 160

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6743 U.S. Dollars 1.4830
Japanese Yen 91.4500 to U.S. Dollars 0.0109
British Pound 0.6050 to U.S. Dollars 1.6529
Canadian Dollar 1.0665 to U.S. Dollars 0.9376
Swiss Franc 1.0188 to U.S. Dollars 0.9815

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $2.41, EOD $79.87 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.06, EOD $2.08 a gallon ($US per gallon)
Natural Gas (December 09) no change, EOD $5.06 per million BTU ($US per mmbtu.)
Unleaded Gas (November 09) gain $0.03, EOD $2.02 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $16.60, EOD $1,047.10 ($US per Troy ounce)
Silver (December 09) gain $0.42, EOD $16.66 ($US per Troy ounce)
Platinum (January 09) gain $31.30, EOD $1,338.20 ($US per Troy ounce)
Copper (December 09) gain $0.10, EOD $3.03 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $1.25, EOD $57.20
Pork Bellies (February 10) gain $1.80, EOD $90.80
Live Cattle (December 09) shed $0.65, EOD $86.28
Feeder Cattle (November 09) shed $0.90, EOD $95.03

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $10.50, EOD $379.75
Soybeans (November 09) gain $16.50, EOD $987.00

BOND MARKET:
2 year EOD 100 1/32, change -2/32, Yield 0.97, Yield change 0.04
5 year EOD 99 22/32, change -8/32, Yield 2.43, Yield change 0.10
10 year EOD 101 3/32, change -20/32, Yield 3.48, Yield change 0.07
30 year EOD 102 25/32, change -1 6/32, Yield 4.33, change 0.07

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