Economy

[MTnews]

Daily Market Commentary for November 24, 2009

Economy

Reports released today by the Commerce Department showed that the U.S. economy grew at a slower rate than originally expected in the third quarter. (Read more at Millennium-Traders.Com)

Economic data released today:

Redbook:
U.S. Retail Sales First 3 Weeks of November rose 2.1% versus November Year-Ago; U.S. Retail Sales rose 2.8% Week Ending November 21 versus Year Ago; U.S. Retail Sales First 3 Weeks of November rose 4.8% versus October.

GDP [Gross Domestic Product]:
U.S. 3Q Preliminary GDP rose 2.8% versus Advance GDP rise by 3.5%; U.S. 3Q GDP Consensus rose 2.7%; 3Q Preliminary Real Final Sales rose 1.9% versus Advance rise by 2.5%; 3Q Preliminary PCE Price Index rose 2.7% versus Advance rise by 2.8%; 3Q Preliminary Core PCE Price Index rose 1.3% versus Advance rise by 1.4%; 3Q Preliminary Purchases Price Index rose 1.4% versus Advance rise by 1.6%; 3Q Preliminary Chain-Weighted Price Index rose 0.5% versus Advance rise by 0.8%; 3Q Corporate Profits rose 14.5% versus increase by 5.6% in 2Q.

S&P/CS Home Price Indices Composite - 20:
S&P Case-Shiller September 20-City Home Price Index fell9.4% year over year; S&P Case-Shiller September 10-City Home Price Index rose 0.4% month over month; S&P Case-Shiller September 20-City Home Price Index rose 0.3% month over month; S&P Case-Shiller 3Q U.S. National Home Price Index fell 8.9% year over year; S&P Case-Shiller 3Q U.S. National Home Price Index rose 3.1% quarter over quarter; S&P Case-Shiller Sep 10-City Home Price Index fell 8.5% year over year.

CB Consumer Confidence:
U.S. Conference Board November Consumer Confidence 49.5 versus October 48.7; Conference Board November Present Situation Index 21.0 versus October 21.1; Conference Board November Expectations Index 68.5 versus October 67.0.

Richmond Manufacturing Index:
November Services Revenues Index fell 7 versus October decrease by 22; November Retail Revenues Index 1 versus October decrease by 23; November Manufacturing Index 1 versus October 7; November Manufacturing Shipments Index 6 versus October 11.

FOMC Nov 3-4 Meeting Minutes:
Fed Officials Raise '09, '10 GDP Forecast; Fed Revises Down a Bit '09, '10, Inflation Forecast from June; Fed Raises '10 GDP Target: +2.5% to +3.5% from June +2.1% to +3.3%; Fed Raises '09 GDP Target: -0.4% to -0.1% from -1.5% to -1.0%; Fed Sees '10 PCE Inflation +1.3% to +1.6% from +1.2% to +1.8%; Fed Sees 2010 Core Inflation at +1.0% to +1.5%, Same as June; Fed Sees 2010 U.S. Jobless Rate 9.3%-9.7% from June 9.5%-9.8%; Fed Officials Alert to 'Negative Side Effects' of Low Rates; Fed Officials at Odds Over Asset Sales at November FOMC Meeting.

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 19.43 points, EOD 10,431.52
NYSE (New York Stock Exchange) shed 16.09, EOD 7,170.24
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 8.07 points, EOD 2,167.94
S&P 500 (SPX) shed 0.55 points, EOD 1,105.69
BEL 20 (BEL20) shed 18.98 points, EOD 2,502.94
CAC 40 (CAC40) shed 28.55 points, EOD 3,784.62
FTSE100 (UKX100) shed 31.54 points, EOD 5,323.96
NIKKEI 225 (NIK/O) shed 73.52 points, EOD 9,401.58

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,371 declined stock prices 1,696, unchanged stock prices 122, stock prices hitting new highs 87 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: RTP shed 4.00, HOD 217.91, LOD 209.00, EOD 209.87; ADI gain 1.80, HOD 30.06, LOD 27.94, EOD 29.74; FAS shed 1.46, HOD 77.40, LOD 75.09, EOD 76.37; MA gain 1.46, HOD 238.13, LOD 234.02, EOD 237.65; EDC shed 1.66, HOD 131.61, LOD 126.65, EOD 131.44; BLK gain 1.58, HOD 229.64, LOD 225.29, EOD 229.19; TBH gain 3.91, HOD 14.10, LOD 4.85, EOD 6.91.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,113, declined stock prices 1,612, unchanged stock prices 152, stock prices hitting new highs 61 and stock prices hitting new lows 18. 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: SEED gain 0.06, HOD 12.04, LOD 9.98, EOD 10.51; BIDU shed 3.46, HOD 437.30, LOD 429.00, EOD 435.54; CTRN shed 0.27, HOD 28.15, LOD 26.20, EOD 27.72; NUAN gain 1.28, HOD 15.19, LOD 14.00, EOD 15.03; FSLR shed 2.17, HOD 121.42, LOD 118.35, EOD 119.25; AONE gain 2.56, HOD 17.49, LOD 14.48, EOD 17.09.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 244, declined stock prices 280, unchanged stock prices 40, stock prices hitting new highs 3 and stock prices hitting new lows 5.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1103.50; Change -0.25
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,784.50; Change -6.75
E-mini DOW $5 (YM) Dec 09: EOD 10,406; Change -16
E-mini S&P MidCap 400 (MF) Dec 09: EOD 691.50; Change -1.90
Nikkei 225 (Yen) Dec 09: EOD 9,340; Change -210

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6684 U.S. Dollars 1.4962
Japanese Yen 88.5200 to U.S. Dollars 0.0113
British Pound 0.6034 to U.S. Dollars 1.6572
Canadian Dollar 1.0579 to U.S. Dollars 0.9453
Swiss Franc 1.0090 to U.S. Dollars 0.9911

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $1.54, EOD $76.02 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.03, EOD $1.99 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.03, EOD $4.77 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) shed $0.04, EOD $1.94 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $1.90, EOD $1,166.60 ($US per Troy ounce)
Silver (December 09) shed $0.16, EOD $18.49 ($US per Troy ounce)
Platinum (January 09) shed $23.80, EOD $1,443.80 ($US per Troy ounce)
Copper (December 09) shed $0.02, EOD $3.14 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $0.48, EOD $66.00
Pork Bellies (February 10) gain $0.88, EOD $86.68
Live Cattle (December 09) shed $0.33, EOD $85.50
Feeder Cattle (January 10) gain $0.35, EOD $93.20

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $11.25, EOD $392.00
Soybeans (January 10) gain $4.00, EOD $1,046.00

BOND MARKET:
2 year EOD 100 -16/32, change -16/32, Yield 0.73, Yield change 0.00
5 year EOD 101 8/32, change 10/32, Yield 2.10 Yield change -0.07
10 year EOD 100 15/32, change 9/32, Yield 3.31, Yield change -0.04
30 year EOD 102, change 12/32, Yield 4.25, change -0.02

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Thanks for reading
Millennium-Traders.Com

[Mikhail Kurakin]

Excellent theme. It would be nice if you could permanently placed here news of the economy.