Thread: Durable Goods

Daily Market Commentary for September 24, 2010

Durable Goods

Stocks rallied triple digits after a report on durable goods orders this morning. (Read more at Millennium-Traders.Com)

Economic data released today:

Durable Goods Orders (MoM):
July Durable Goods Excluding-Transportation Revised to -2.8% from -3.8%; July Durable Goods Orders Revised to +0.7% from +0.4%; August Durable Goods Orders, Excluding-Defense, fell 1.2%; August Durable Goods Orders, Excluding-Transportation, rose 2.0%; U.S. August Durable Goods Orders fell 1.3%; Compared to Consensus of a decrease by 1.0%.

New Home Sales:
U.S. July New Home Sales Revised to 288K from 276K; U.S. August New Home Sales Unchanged at 288K; Compared to Consensus of 295K.

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 196.93 points, EOD 10,859.35
NYSE (New York Stock Exchange) triple digit gain 155.16, EOD 7,296.67
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 52.55 points, EOD 2,379.63
S&P 500 (SPX) gain 23.42 points, EOD 1,148.25
BEL 20 (BEL20) gain 31.22 points, EOD 2,601.61
CAC 40 (CAC40) gain 71.87 points, EOD 3,782.48
FTSE100 (UKX100) gain 51.4 points, EOD 5,598.48
NIKKEI 225 (NIK/O) shed 94.65 points, EOD 9,471.67

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,533, declined stock prices 560, unchanged stock prices 81, stock prices hitting new highs 212 and stock prices hitting new lows 9. 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: POT gain 0.58, HOD 146.65, LOD 145.13, EOD 145.84; EDU shed 14.01, HOD 100.00, LOD 92.66, EOD 99.28; EW gain 0.20, HOD 67.95, LOD 65.17, EOD 67.80; NKE gain 1.90, HOD 81.70, LOD 79.49, EOD 79.54; CME gain 7.98, HOD 270.98, LOD 263.51, EOD 269.01; CRM gain 1.59, HOD 52.70, LOD 51.57, EOD 52.47; EOG gain 2.34, HOD 92.65, LOD 90.06, EOD 92.01.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,167, declined stock prices 527, unchanged stock prices 102, stock prices hitting new highs 133 and stock prices hitting new lows 20. 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: NFLX gain 1.64, HOD 167.12, LOD 161.00, EOD 162.16; AAPL gain 3.36, HOD 293.53, LOD 290.55, EOD 292.46; AMZN gain 7.88, HOD 160.89, LOD 155.42, EOD 160.73; TIBX gain 2.06, HOD 18.95, LOD 17.85, EOD 18.43; FINL shed 1.44, HOD 14.49, LOD 13.72, EOD 14.25; STRA gain 14.92, HOD 175.57, LOD 159.42, EOD 174.48; ISRG gain 6.53, HOD 306.20, LOD 300.57, EOD 305.58.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 295, declined stock prices 185, unchanged stock prices 36, stock prices hitting new highs 25 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) Mar 10: EOD 1143.25; Change 22.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,019.75; Change 38.25
E-mini DOW $5 (YM) Mar 10: EOD 10,788; Change 182
Nikkei 225 (Yen) Mar 10: EOD 9,500; Change 135

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7414 to U.S. Dollars 1.3500
Japanese Yen 84.3050 to U.S. Dollars 0.0118
British Pound 0.6319 to U.S. Dollars 1.5800
Canadian Dollar 1.0269 to U.S. Dollars 0.9742
Swiss Franc 0.9852 to U.S. Dollars 1.02

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 10) gain $1.31, EOD $76.49 per barrel ($US per barrel)
Heating Oil (October 10) gain $0.01, EOD $2.13 a gallon ($US per gallon)
Natural Gas (October 10) shed $0.13, EOD $3.88 per million BTU ($US per mmbtu.)
Unleaded Gas (October 10) gain $0.02 EOD $1.95 gallon ($US per gallon)

Metals Markets - Comex:
Gold (September 10) gain $1.70, EOD $1,296.00 ($US per Troy ounce)
Silver (September 10) gain $0.18, EOD $21.38 ($US per Troy ounce)
Platinum (September 10) shed $6.10, EOD $1,639.80 ($US per Troy ounce)
Copper (September 10) gain $0.02, EOD $3.61 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 10) gain $0.47, EOD $78.90
Pork Bellies (February 10) unchanged, EOD $108.50
Live Cattle (October 10) shed $0.22, EOD $95.90
Feeder Cattle (September 10) gain $0.30, EOD $109.40

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) gain $22.50, EOD $521.75
Soybeans (November 10) gain $32.50, EOD $1,126.00

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Millennium-Traders.Com

Goods that have a useful life of more than three years. Orders for durable goods, which are tracked by the Commerce Department on a monthly basis, indicate the extent to which businesses and manufacturers are willing to invest capital for future needs Several months of increases in durable goods orders are a sign of a strong economy, and vice versa. The term hard goods is sometimes used synonymously, but more properly refers to durable consumer goods, such as appliances, as opposed to soft goods, which are consumer nondurables, such as textiles. The official economic opposite of durable goods is nondurable goods, which includes food, fuel, cosmetics, drugs, clothing, and services.




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