Personal Spending

Daily Market Commentary for October 1, 2010

Personal Spending

Stocks rallied on the first day of the fourth quarter thanks to a positive report on personal spending. (Read more at Millennium-Traders.Com)

Economic data released today:

Core PCE Price Index (MoM):
August PCE Price Index rose 0.2% Rate on Month; rose 1.5% on Year; August PCE Core Price Index rose 0.1% Rate on Month; rose 1.4% on Year.

Personal Income/Spending (MoM):
July Spending Unrevised at +0.4%; July Personal Income Unrevised at +0.2%; U.S. Personal Spending +0.4% in August; Compared to Consensus of an increase by 0.3%; U.S. Personal Income rose 0.5% in August; Compared to Consensus of an increase by 0.3%.

University of Michigan Consumer Sentiment Index:
End-September Expectations 60.9; End- September Current Index 79.6; End- September Sentiment 68.2.

University of Michigan Inflation Expectations:
12-Month Inflation Forecast rose 2.2%; 5-Year Inflation Forecast rose 2.7%.

ISM Manufacturing Index:
U.S. ISM September Manufacturing PMI 54.4 versus August 56.3; U.S. ISM September Manufacturing PMI Expected 54.0; U.S. ISM September Prices Index 70.5 versus August 61.5; U.S. ISM September Employment Index 56.5 versus August 60.4; U.S. ISM September New Orders Index 51.1 versus August 53.1; U.S. ISM September Production Index 56.5 versus August 59.9; U.S. ISM September Inventories Index 55.6 versus August 51.4.

Construction Spending (MoM):
U.S. Construction Spending rose 0.4% in August; Compared to Consensus of a decrease by 0.5%; July Construction Spending Revised to -1.4% from -1.0%.

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) gain 42.08 points, EOD 10,830.13
NYSE (New York Stock Exchange) gain 52.03, EOD 7,333.10
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 2.15 points, EOD 2,370.77
S&P 500 (SPX) gain 4.92 points, EOD 1,146.12
BEL 20 (BEL20) shed 10.34 points, EOD 2,579.39
CAC 40 (CAC40) shed 23.09 points, EOD 3,692.09
FTSE100 (UKX100) gain 44.28 points, EOD 5,592.90
NIKKEI 225 (NIK/O) gain 34.88 points, EOD 9,404.23

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,072, declined stock prices 991, unchanged stock prices 112, stock prices hitting new highs 204 and stock prices hitting new lows 17. 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: FNF shed 0.67, HOD 15.89, LOD 14.58, EOD 15.03; CRM gain 0.09, HOD 113.15, LOD 110.52, EOD 111.92; LPS shed 1.74, HOD 33.65, LOD 30.74, EOD 31.51; HPQ shed 1.30, HOD 41.29, LOD 40.25, EOD 40.77.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,522, declined stock prices 1,124, unchanged stock prices 124, stock prices hitting new highs 107 and stock prices hitting new lows 15. 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: GYMB gain 8.32, HOD 50.44, LOD 47.86, EOD 49.86; NFLX shed 7.50, HOD 160.70, LOD 153.81, EOD 154.66; DVOX shed 2.68, HOD 5.94, LOD 5.38, EOD 5.44; NFLX shed 7.50, HOD 160.70, LOD 153.81, EOD 154.66; PCLN shed 10.52, HOD 351.61, LOD 334.06, EOD 337.82; CCIH gain 13.25, HOD 30.70, LOD 26.31, EOD 27.15; AAPL shed 1.23, HOD 286.58, LOD 281.35, EOD 282.52; ISRG gain 5.87, HOD 291.07, LOD 284.27, EOD 289.61; GMCR shed 1.62, HOD 30.68, LOD 27.47, EOD 29.57.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 299, declined stock prices 190, unchanged stock prices 27, stock prices hitting new highs 33 and stock prices hitting new lows 6.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1141.00; Change 4.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,994.75; Change -0.75
E-mini DOW $5 (YM) Mar 10: EOD 10,759; Change 36
Nikkei 225 (Yen) Mar 10: EOD 9,415; Change 10

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7257 to U.S. Dollars 1.3800
Japanese Yen 83.2850 to U.S. Dollars 0.012
British Pound 0.6315 to U.S. Dollars 1.5800
Canadian Dollar 1.0197 to U.S. Dollars 0.9803
Swiss Franc 0.9749 to U.S. Dollars 1.03

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (November 10) gain $1.61, EOD $81.58 per barrel ($US per barrel)
Heating Oil (October 10) gain $0.26, EOD $2.29 a gallon ($US per gallon)
Natural Gas (November 10) shed $0.75, EOD $3.80 per million BTU ($US per mmbtu.)
Unleaded Gas (October 10) gain $0.05, EOD $2.09 gallon ($US per gallon)

Metals Markets - Comex:
Gold (October 10) gain $8.20, EOD $1,317.80 ($US per Troy ounce)
Silver (October 10) gain $0.23, EOD $22.06 ($US per Troy ounce)
Platinum (October 10) gain $23.50, EOD $1,682.10 ($US per Troy ounce)
Copper (October 10) gain $0.03, EOD $3.69 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 10) shed $2.00, EOD $72.88
Pork Bellies (February 10) unchanged, EOD $108.50
Live Cattle (October 10) shed $1.25, EOD $98.35
Feeder Cattle (September 10) gain $0.25, EOD $112.27

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) shed $30.00, EOD $465.75
Soybeans (November 10) shed $49.75, EOD $1,057.00

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