Profit Loss

Daily Market Commentary for July 16, 2010

Profit Loss

When two big banks reported profit loss for the second quarter, stocks started falling. (Read more at Millennium-Traders.Com)

Economic data released today:

CPI (MoM):
U.S. Real Average Weekly Earnings fell 0.2% in June; U.S. June CPI Energy Prices fell 2.9%; U.S. June CPI Food Prices Unchanged; U.S. June CPI Unrounded fell 0.136%; Core rose 0.159%; U.S. June CPI Ex-Food & Energy rose 0.2%; Compared to Consensus of an increase by 0.1%; U.S. June Consumer Prices fell 0.1%; Compared to Consensus of Unchanged.

TIC Net Long-Term Transactions:
TIC: Foreigners Net Sellers $432.0M of U.S. Equities in May; TIC: Foreigners Net Sellers $9.0B of U.S. Corp Bonds in May; TIC: Foreigners Net Buyers $27.4B of U.S. Agency Debt in May; TIC: Foreigners Net Buyers $14.9B U.S. Treasury Notes, Bonds in May; TIC: Net Foreign Capital Inflow $17.5B in May; TIC: Net Long Term Securities Purchases $35.4B in May; TIC: Net Foreign Long Term Securities Purchases $15.0B in May.

Michigan Consumer Sentiment Index:
University of Michigan Mid-July Sentiment 66.5; June 76.0; University of Michigan Mid-July Expectations 60.6; June 69.8; University of Michigan 12-Month Inflation Forecast rose 2.9%; June rose 2.8%; University of Michigan 5-Year Inflation Forecast rose 2.9%; June rose 2.8%; University of Michigan Mid-July Current Index 75.5; June 85.6.

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 261.26 points, EOD 10,098.05
NYSE (New York Stock Exchange) shed 207.30, EOD 6,709.51
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 69.38 points, EOD 2,179.70
S&P 500 (SPX) shed 31.48 point, EOD 1,065.00
BEL 20 (BEL20) shed 52.3 points, EOD 2,442.75
CAC 40 (CAC40) shed 81.66 points, EOD 3,500.16
FTSE100 (UKX100) shed 52.44 points, EOD 5,158.85
NIKKEI 225 (NIK/O) shed 277.41 points, EOD 9,408.36

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 625, declined stock prices 2,479, unchanged stock prices 76, stock prices hitting new highs 64 and stock prices hitting new lows 34. 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: CME shed 10.01, HOD 276.09, LOD 264.52, LOD 266.34; ICE shed 3.86, HOD 105.38, LOD 101.34, LOD 101.67; EOG shed 3.94, HOD 105.53, LOD 101.13, LOD 102.25; GS gain 1.21, HOD 152.00, LOD 146.30, LOD 146.43; MA shed 13.99, HOD 206.82, LOD 197.82, LOD 197.82; WBS shed 0.82, HOD 19.00, LOD 17.66, LOD 18.01; BAC shed 1.41, HOD 14.67, LOD 13.96, LOD 13.99.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 336, declined stock prices 2,368, unchanged stock prices 94, stock prices hitting new highs 16 and stock prices hitting new lows 73. 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 shed 1.55, HOD 254.97, LOD 248.41, LOD 249.90; PCLN shed 4.39, HOD 225.00, LOD 216.50, LOD 218.22; VVUS shed 6.70, HOD 5.47, LOD 4.90, LOD 5.41; GOOG shed 34.41, HOD 470.54, LOD 459.52, LOD 459.61; UPRO shed 11.36, HOD 134.77, LOD 124.66, LOD 125.43; JBHT gain 0.32, HOD 35.83, LOD 34.64, LOD 35.10.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 141, declined stock prices 327, unchanged stock prices 35, stock prices hitting new highs 12 and stock prices hitting new lows 10.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1061.25; Change -29.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,802.50; Change -46.75
E-mini DOW $5 (YM) Mar 10: EOD 10,045; Change -247
E-mini S&P MidCap 400 (MF) Mar 10: EOD 725.10; Change -22.80
Nikkei 225 (Yen) Mar 10: EOD 9,200; Change -425

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7736 to U.S. Dollars 1.2900
Japanese Yen 86.5950 to U.S. Dollars 0.0115
British Pound 0.6535 to U.S. Dollars 1.5300
Canadian Dollar 1.0529 to U.S. Dollars 0.9512
Swiss Franc 1.0523 to U.S. Dollars 0.9582

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (August 10) shed $0.61, EOD $76.01 per barrel ($US per barrel)
Heating Oil (August 10) shed $0.00, EOD $2.01 a gallon ($US per gallon)
Natural Gas (August 10) shed $0.06, EOD $4.52 per million BTU ($US per mmbtu.)
Unleaded Gas (August 10) shed $0.01, EOD $2.04 gallon ($US per gallon)

Metals Markets - Comex:
Gold (July 10) shed $20.10, EOD $1,188.00 ($US per Troy ounce)
Silver (July 10) shed $0.57, EOD $17.77 ($US per Troy ounce)
Platinum (July 10) shed $21.50, EOD $1,508.40 ($US per Troy ounce)
Copper (July 10) shed $0.08, EOD $2.92 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 10) gain $0.87, EOD $81.70
Pork Bellies (July 10) gain $0.20, EOD $104.40
Live Cattle (August 10) shed $0.12, EOD $92.27
Feeder Cattle (August 10) shed $0.27, EOD $113.10

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 10) gain $2.25, EOD $394.75
Soybeans (July 10) gain $0.50, EOD $1,019.50

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