Earnings Reports

Daily Market Commentary for October 20, 2010

Earnings Reports

Most of the earnings reports released this morning were better than expected, pleasing investors. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. Mortgage Application Volume Slumped Last Week; U.S. MBA Refinance Index fell 11.2% at 4,491.1; Last Week 5,060.3; U.S. MBA Purchase Index fell 6.7% at 169.7; Last Week 181.8; U.S. MBA Market Index fell 10.5% at 803.4; Last Week 897.2.

Crude Oil Inventories as released by DOE:
U.S. Refineries Ran at 82.5%; was Seen at 82.00%; U.S. Refineries Ran at 82.5% Capacity versus 81.9% Capacity a Week Ago; U.S. Distillate Stocks fell 2.155 Million Barrels in Week; was Seen Decreasing by 0.6 Million Barrels; U.S. Distillate Stocks fell 2.155 Million Barrels at 170.055 Million Barrels; U.S. Gasoline Stocks rose 1.155 Million Barrels in Week; was Seen Decreasing by 1.3 Million Barrels; U.S. Gasoline Stocks rose 1.155 Million Barrels at 219.329 Million Barrels; U.S. Crude Oil Stocks rose 0.667 Million Barrels in Week; was Seen Increasing by 2 Million Barrels; U.S. Crude Oil Stocks rose 0.667 Million Barrels at 361.199 Million Barrels.

Fed Beige Book:
Prices of Goods and Services Remain Stable Despite Higher Input Cost; Consumers 'Slowly Regaining Confidence' in Most Districts; Housing Markets Remained Weak in Most Districts; U.S. Economic Growth Continues at Modest Pace.

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 129.35 points, EOD 11,107.97
NYSE (New York Stock Exchange) gain 99.65, EOD 7,523.30
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 19.14 points, EOD 2,456.09
S&P 500 (SPX) gain 12.22 points, EOD 1,178.12
BEL 20 (BEL20) gain 3.12 points, EOD 2,669.27
CAC 40 (CAC40) gain 20.98 points, EOD 3,828.15
FTSE100 (UKX100) gain 25.04 points, EOD 5,728.93
NIKKEI 225 (NIK/O) shed 157.85 points,, EOD 9,381.60

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,357, declined stock prices 720, unchanged stock prices 76, stock prices hitting new highs 183 and stock prices hitting new lows 13. 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: JPM gain 0.38, HOD 38.30, LOD 37.46, EOD 38.07; CF gain 3.72, HOD 119.99, LOD 114.29, EOD 118.42; TIN gain 0.95, HOD 21.31, LOD 20.24, EOD 20.83; CME shed 0.00, HOD 285.00, LOD 278.16, EOD 280.70; CRM gain 0.78, HOD 105.80, LOD 102.20, EOD 104.39; SYK gain 0.50, HOD 53.00, LOD 50.03, EOD 50.58; DGX gain 0.52, HOD 51.00, LOD 47.69, EOD 47.83; CMA shed 2.44, HOD 35.96, LOD 34.43, EOD 35.94.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,895, declined stock prices 799, unchanged stock prices 96, stock prices hitting new highs 95 and stock prices hitting new lows 28. 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: AMLN shed 9.47, HOD 11.75, LOD 9.51, EOD 11.02; ALKS shed 4.00, HOD 11.00, LOD 9.85, EOD 10.50; AAPL gain 1.04, HOD 314.25, LOD 306.87, EOD 310.53; ISRG shed 19.59, HOD 263.31, LOD 255.10, EOD 259.45; RIMM gain 1.78, HOD 49.45, LOD 47.46, EOD 4.08; BIDU gain 0.81, HOD 102.13, LOD 99.50, EOD 100.01; ESRX gain 0.85, HOD 49.04, LOD 47.86, EOD 48.71; STRA gain 1.96, HOD 132.99, LOD 128.90, EOD 129.96; CREE shed 2.92, HOD 50.73, LOD 47.85, EOD 50.08.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 302, declined stock prices 181, unchanged stock prices 34, stock prices hitting new highs 15 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 1173.75; Change 10.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,082.75; Change 15.25
E-mini DOW $5 (YM) Mar 10: EOD 11,049; Change 106
Nikkei 225 (Yen) Mar 10: EOD 9,475; Change -5

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7167 to U.S. Dollars 1.4000
Japanese Yen 81.1550 to U.S. Dollars 0.0123
British Pound 0.6316 to U.S. Dollars 1.5800
Canadian Dollar 1.0228 to U.S. Dollars 0.9782
Swiss Franc 0.9625 to U.S. Dollars 1.04

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (November 10) gain $2.28, EOD $81.77 per barrel ($US per barrel)
Heating Oil (November 10) gain $0.06, EOD $2.25 a gallon ($US per gallon)
Natural Gas (November 10) gain $0.02, EOD $3.54 per million BTU ($US per mmbtu.)
Unleaded Gas (November 10) gain $0.03, EOD $2.08 gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 10) gain $8.20, EOD $1,244.20 ($US per Troy ounce)
Silver (December 10) gain $0.08, EOD $23.86 ($US per Troy ounce)
Platinum (January 10) gain $9.70, EOD $1,687.30 ($US per Troy ounce)
Copper (December 10) gain $0.03, EOD $3.79 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 10) gain $0.50, EOD $68.70
Pork Bellies (February 10) unchanged, EOD $103.50
Live Cattle (December 10) gain $0.67, EOD $101.63
Feeder Cattle (November 10) shed $0.57, EOD $110.38

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) gain $27.50, EOD $573.50
Soybeans (November 10) gain $32.25, EOD $1,223.75

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