Fed Meeting

Daily Market Commentary for October 12, 2010

Fed Meeting

Stocks were mixed this morning as investors waited for news from the fed meeting. (Read more at Millennium-Traders.Com)

Economic data released today:

Redbook:
U.S. Retail Sales rose 2.5% Week Ended October 9 versus a Year-Ago; U.S. Retail Sales First Week October rose 2.5% versus October a Year-Ago; U.S. Retail Sales First Week October rose 0.2% versus September.

IBD/TIPP Economic Optimism:
IBD/TIPP Economic Optimism Rises to 46.4 in October; U.S. October IBD/TIPP 6-Month Economic Outlook 49.6; U.S. October IBD/TIPP Economic Optimism Index 46.4 versus 45.3 in September.

Conference Board: August Employment Trends Index 97.3; Revised from 96.7.

FOMC Meeting Minutes:
Many Say Monetary Stimulus Appropriate if Growth too Slow; Staff Reduced Slightly '11 Growth Forecast; Some Say Further Easing Only if Outlook Worsens; Stimulus Talks Focus on Long-Term Treasury Purchases; Concerned Output, Employment Growth Slow for Some Time; Economy Unlikely to Reenter Recession; Fed Sees Core Inflation Slowing in '11; Fed Sees Moderate Growth in '11; Further Pickup in '12; Inflation Below Level For Max Employment, Stable Prices; European Market Stress Broadly Contained, Bears Watching; Open Market Desk Bought $28B of Treasuries.

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 9.53 points, EOD 11,019.87
NYSE (New York Stock Exchange) gain 11.30, EOD 7,490.24
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 16.06 points, EOD 2,418.39
S&P 500 (SPX) gain 4.42 points, EOD 1,169.74
BEL 20 (BEL20) shed 14.28 points, EOD 2,620.82
CAC 40 (CAC40) shed 19.63 points, EOD 3,748.86
FTSE100 (UKX100) shed 10.81 points, EOD 5,661.59
NIKKEI 225 (NIK/O) shed 200.24, EOD 9,388.64

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,751, declined stock prices 1,290, unchanged stock prices 105, stock prices hitting new highs 188 and stock prices hitting new lows 5. 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: AVP gain 1.43, HOD 36.20, LOD 33.83, EOD 34.56; GPN shed 3.51, HOD 39.20, LOD 37.68, EOD 38.83; GS gain 3.15, HOD 155.45, LOD 151.05, EOD 155.39; NKE shed 0.01, HOD 83.39, LOD 81.80, EOD 81.96; CF gain 2.94, HOD 117.11, LOD 113.00, EOD 116.25; ESI shed 1.42, HOD 68.52, LOD 66.12, EOD 66.84; CRM gain 5.46, HOD 106.38, LOD 98.76, EOD 105.47; CME gain 4.60, HOD 264.80, LOD 255.62, EOD 264.17.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,550, declined stock prices 1,105, unchanged stock prices 140, stock prices hitting new highs 109 and stock prices hitting new lows 31. 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 gain 3.18, HOD 299.50, LOD 292.49, EOD 298.54; NFLX gain 1.70, HOD 155.83, LOD 151.51, EOD 155.39; EQIX gain 1.06, HOD 74.59, LOD 72.06, EOD 74.01; KMGB shed 1.01, HOD 14.93, LOD 13.69, EOD 13.99.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 264, declined stock prices 210, unchanged stock prices 41, stock prices hitting new highs 18 and stock prices hitting new lows 2.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1167.00; Change 4.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,040.50; Change 15.00
E-mini DOW $5 (YM) Mar 10: EOD 10,978; Change 15
Nikkei 225 (Yen) Mar 10: EOD 9,465; Change -160

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7186 to U.S. Dollars 1.3900
Japanese Yen 81.8350 to U.S. Dollars 0.0122
British Pound 0.6331 to U.S. Dollars 1.5800
Canadian Dollar 1.0092 to U.S. Dollars 0.9895
Swiss Franc 0.9568 to U.S. Dollars 1.05

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (November 10) shed $0.54, EOD $81.67 per barrel ($US per barrel)
Heating Oil (November 10) shed $0.01, EOD $2.26 a gallon ($US per gallon)
Natural Gas (November 10) gain $0.02, EOD $3.63 per million BTU ($US per mmbtu.)
Unleaded Gas (November 10) shed $0.04, EOD $2.12 gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 10) shed $7.70, EOD $1,346.70 ($US per Troy ounce)
Silver (December 10) shed $0.20, EOD $23.15 ($US per Troy ounce)
Platinum (January 10) shed $7.50, EOD $1,683.30 ($US per Troy ounce)
Copper (December 10) unchanged, EOD $3.79 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 10) gain $0.15, EOD $72.78
Pork Bellies (February 10) unchanged, EOD $103.00
Live Cattle (December 10) gain $0.60, EOD $98.35
Feeder Cattle (November 10) gain $0.12, EOD $107.25

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) gain $23.25, EOD $579.00
Soybeans (November 10) gain $26.00, EOD $1,178.50

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