Financial Reform Bill

Daily Market Commentary for June 24, 2010

Financial Reform Bill

President Obama announced today that, congressional negotiators reached an agreement on the financial reform bill. (Read more at Millennium-Traders.Com)

Economic data released today:

GDP (QoQ):
1Q Revised Corporate Profits rose 12.1% versus Original increase by 9.7%; 1Q Corporate Profits rose 12.1% versus an increase by 8.2% in 4Q; 1Q Final Chain-Weighted Price Index rose 1.1% versus Preliminary increase by 1.0%; 1Q Final Purchases Price Index rose 1.7% versus Preliminary increase by 1.7% 1Q Final Core PCE Price Index rose 0.7% versus Preliminary increase by 0.6%; 1Q Final Real Final Sales rose 0.8% versus Preliminary increase by 1.4%; 1Q Final PCE Price Index rose 1.6% versus Preliminary increase by 1.5%; US 1Q GDP Consensus rose 3.0%; 1Q GDP Lowered Unexpectedly as Consumer Spending Revised Down.

University of Michigan Consumer Sentiment Index:
End-June Sentiment 76.0; May 73.6; End-June Current Index 85.6; May 81.0; End-June Expectations 69.8; May 68.8; Preliminary June Sentiment was 75.5; 5-Yr Inflation Forecast rose 2.8%; May rose 2.9%; 12-Mo Inflation Forecast rose 2.8%; May rose 3.2%.

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 2.87 points, EOD 10,149.93
NYSE (New York Stock Exchange) gain 39.11, EOD 6,769.35
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 10.96 points, EOD 2,228.38
S&P 500 (SPX) gain 4.65 points, EOD 1,078.34
BEL 20 (BEL20) shed 14.15 points, EOD 2,441.65
CAC 40 (CAC40) shed 35.63 points, EOD 3,519.73
FTSE100 (UKX100) shed 53.76 points, EOD 5,046.47
NIKKEI 225 (NIK/O) shed 190.86 points, EOD 9,737.48

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,244, declined stock prices 862, unchanged stock prices 87, stock prices hitting new highs 32 and stock prices hitting new lows 53. 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: BP shed 1.75, HOD 28.08, LOD 26.83, EOD 26.99; GS gain 4.78, HOD 140.90, LOD 135.43, EOD 139.76; RIG shed 0.09, HOD 50.85, LOD 49.19, EOD 49.66; CME gain 61.50, HOD 300.98, LOD 293.26, EOD 296.69; AZZ gain 0.85, HOD 40.65, LOD 38.64, EOD 39.59.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,866, declined stock prices 824, unchanged stock prices 87, stock prices hitting new highs 40 and stock prices hitting new lows 106. 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: UPRO gain 1.28, HOD 133.22, LOD 127.28, EOD 130.06; AAPL shed 2.03, HOD 270.27, LOD 265.81, EOD 266.97; RIMM shed 6.24, HOD 55.14, LOD 52.04, EOD 52.34; APOL shed 2.18, HOD 46.11, LOD 43.49, EOD 43.79.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 322, declined stock prices 164, unchanged stock prices 27, stock prices hitting new highs 12 and stock prices hitting new lows 17.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1072.50; Change 2.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,839.50; Change -10.00
E-mini DOW $5 (YM) Mar 10: EOD 10,092; Change -7
E-mini S&P MidCap 400 (MF) Mar 10: EOD 742.00; Change 5.60
Nikkei 225 (Yen) Mar 10: EOD 9,755; Change 0.0

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.8076 to U.S. Dollars 1.2400
Japanese Yen 89.2550 to U.S. Dollars 0.0112
British Pound 0.6648 to U.S. Dollars 1.5000
Canadian Dollar 1.0359 to U.S. Dollars 0.9647
Swiss Franc 1.0926 to U.S. Dollars 0.9148

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (August 10) gain $2.35, EOD $78.86 per barrel ($US per barrel)
Heating Oil (July 10) gain $0.05, EOD $2.11 a gallon ($US per gallon)
Natural Gas (July 10) gain $0.11, EOD $4.86 per million BTU ($US per mmbtu.)
Unleaded Gas (July 10) gain $0.07, EOD $2.17 gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 10) gain $10.30, EOD $1,255.80 ($US per Troy ounce)
Silver (June 10) gain $0.37, EOD $19.10 ($US per Troy ounce)
Platinum (June 10) gain $8.90, EOD $1,570.40 ($US per Troy ounce)
Copper (June 10) gain $0.09, EOD $3.09 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (July 10) gain $0.65, EOD $80.73
Pork Bellies (July 10) gain $1.10, EOD $101.00
Live Cattle (June 10) gain $0.30, EOD $90.95
Feeder Cattle (August 10) gain $0.52, EOD $113.20

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 10) shed $4.25, EOD $340.50
Soybeans (July 10) gain $1.50, EOD $957.00

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