Medicare

Daily Market Commentary for September 30, 2010

Medicare

With states struggling with their budgets as stimulus funds are ending, next year it is projected that Medicare will cost states an additional 7.4%. (Read more at Millennium-Traders.Com)

Economic data released today:

Initial Jobless Claims:
U.S. Jobless Claims fell 16K to 453K in Week ended September 25; Compared to Survey of a decrease by 5K; U.S. September 18 Week Jobless Claims Revised to 469K from 465K; U.S. September 18 Week Continuing Claims fell 83K to 4,457,000.

GDP (QoQ):
2Q Revised Corporate Profits rose 0.9% versus Original increase by 0.1%; 2Q Corporate Profits rose 0.9% versus increase by 11.4% in 1Q; 2Q Final Chain-Weighted Price Index rose 1.9% versus Preliminary increase by 1.9%; 2Q Final Purchases Price Index rose 0.1% versus Preliminary increase by 0.1%; U.S. 2Q GDP Consensus rose 1.6%; U.S. 2Q Final GDP rose 1.7% versus Preliminary GDP rose 1.6%; 2Q Final PCE Price Index Unchanged versus Preliminary Unchanged; U.S. 2Q GDP Consensus rose 1.6%; 2Q Final Real Final Sales rose 0.9% versus Preliminary increase by 1.0%; 2Q Final Core PCE Price Index rose 1.0% versus Preliminary increase by 1.1%.

U.S. ISM-New York:
September Current Business Index 58.3 versus 55.6 in August.

Chicago PMI:
U.S. Chicago Purchasing Management Adjusted September Index 60.4 versus August 56.7; U.S. Chicago Purchasing Management September Prices Paid Index 55.0 versus August 57.2; U.S. Chicago Purchasing Management September Supplier Deliveries 58.4; versus August 61.2; U.S. Chicago Purchasing Management September Employment Index 53.4 versus August 55.5.

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 46.92 points, EOD 10,788.36
NYSE (New York Stock Exchange) shed 14.18, EOD 7,285.13
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 6.17 points, EOD 2,370.39
S&P 500 (SPX) shed 3.46 points, EOD 1,147.27
BEL 20 (BEL20) shed 12.96 points, EOD 2,589.73
CAC 40 (CAC40) shed 21.94 points, EOD 3,715.18
FTSE100 (UKX100) shed 20.65 points, EOD 5,548.62
NIKKEI 225 (NIK/O) shed 190.03 points, EOD 9,369.35

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,643, declined stock prices 1,409, unchanged stock prices 114, stock prices hitting new highs 246 and stock prices hitting new lows 8. 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: GS gain 0.24, HOD 146.85, LOD 144.30, EOD 144.63; EOG shed 0.78, HOD 94.85, LOD 91.71, EOD 93.04; CME gain 1.14, HOD 264.20, LOD 260.24, EOD 260.74; ESI gain 4.56, HOD 72.20, LOD 65.30, EOD 70.27; CRM shed 1.70, HOD 116.40, LOD 111.75, EOD 111.85; WOR shed 0.47, HOD 16.00, LOD 15.00, EOD 15.05.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,328, declined stock prices 1,351, unchanged stock prices 154, stock prices hitting new highs 135 and stock prices hitting new lows 29. 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: PCLN gain 0.21, HOD 357.22, LOD 342.86, EOD 348.34; NFLX shed 8.47, HOD 174.40, LOD 161.88, EOD 162.16; AAPL shed 3.62, HOD 290.00, LOD 281.25, EOD 283.75; XRTX shed 2.51, HOD 15.85, LOD 14.65, EOD 14.84; APWR gain 0.72, HOD 8.49, LOD 8.06, EOD 8.30; FUQI shed 0.16, HOD 6.54, LOD 6.15, EOD 6.50.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 256, declined stock prices 229, unchanged stock prices 43, stock prices hitting new highs 24 and stock prices hitting new lows 7.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1138.50; Change -2.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,998.75; Change -10.25
E-mini DOW $5 (YM) Mar 10: EOD 10,742; Change -38
Nikkei 225 (Yen) Mar 10: EOD 9,410; Change -120

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7335 to U.S. Dollars 1.3600
Japanese Yen 83.5050 to U.S. Dollars 0.0119
British Pound 0.6366 to U.S. Dollars 1.5700
Canadian Dollar 1.0289 to U.S. Dollars 0.9718
Swiss Franc 0.9824 to U.S. Dollars 1.02

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (November 10) gain $2.11, EOD $79.97 per barrel ($US per barrel)
Heating Oil (October 10) gain $0.56, EOD $2.27 a gallon ($US per gallon)
Natural Gas (November 10) shed $0.09, EOD $3.87 per million BTU ($US per mmbtu.)
Unleaded Gas (October 10) gain $0.05, EOD $2.04 gallon ($US per gallon)

Metals Markets - Comex:
Gold (October 10) shed $0.70, EOD $1,309.60 ($US per Troy ounce)
Silver (October 10) shed $0.13, EOD $21.82 ($US per Troy ounce)
Platinum (October 10) gain $2.00, EOD $1,658.60 ($US per Troy ounce)
Copper (October 10) gain $0.01, EOD $3.65 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 10) gain $1.02, EOD $74.88
Pork Bellies (February 10) unchanged, EOD $108.50
Live Cattle (October 10) gain $1.02, EOD $99.60
Feeder Cattle (September 10) gain $2.22, EOD $112.02

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) shed $9.25, EOD $495.75
Soybeans (November 10) gain $7.75, EOD $1,106.75

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