GDP Growth

Daily Market Commentary for October 29, 2010

GDP Growth

It was reported this morning that GDP growth in the third quarter was up from second quarter results. (Read more at Millennium-Traders.Com)

Economic data released today:

GDP (QoQ):
Real Final Sales rose 0.6% in 3Q; U.S. GDP rose 2.0% Rate in 3Q; Compared to Consensus of an increase by 2.1%.

Employment Cost Index (QoQ):
Chain-Weighted Price Index rose 2.3% Rate in 3Q; Domestic Purchases Price Index rose 0.8% Rate in 3Q; Core PCE Price Index rose 0.8% Rate in 3Q; PCE Price Index rose 1.0% Rate in 3Q; U.S. 3Q Employment Cost Index rose 1.9% from Year Ago; U.S. 3Q Employment Cost Index rose 0.4%; Compared to Consensus of an increase by 0.5%.

Chicago Purchasing Management Institute:
U.S. Chicago Purchasing Management October New Orders Index 65.0 versus September 61.4; U.S. Chicago Purchasing Management October Employment Index 54.6 versus September 53.4; U.S. Chicago Purchasing Management October Supplier Deliveries 62.8; versus September 58.4; U.S. Chicago Purchasing Management October Prices Paid Index 68.9 versus September 55.0; U.S. Chicago Purchasing Management Adjusted October Index 60.6 versus September 60.4.

Michigan Consumer Sentiment Index:
University of Michigan End-October Sentiment 67.7; University of Michigan End- October Current Index 76.6; University of Michigan End- October Expectations 61.9.

Michigan Inflation Expectations:
University of Michigan 12-Month Inflation Forecast rose 2.7%; University of Michigan 5-Year Inflation Forecast rose 2.8%.

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 4.54 points, EOD 11,118.49
NYSE (New York Stock Exchange) gain 8.40, EOD 7,513.25
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 2.29 points, EOD 2,509.66
S&P 500 (SPX) shed 1.12 points, EOD 1,182.66
BEL 20 (BEL20) gain 1.67 points, EOD 2,679.07
CAC 40 (CAC40) shed 1.34 points, EOD 3,833.50
FTSE100 (UKX100) shed 2.73 points, EOD 5,675.16
NIKKEI 225 (NIK/O) shed 163.58 points, EOD 9,202.45

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,874, declined stock prices 1,122, unchanged stock prices 122, stock prices hitting new highs 147 and stock prices hitting new lows 15. 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 2.77, HOD 146.68, LOD 142.38, EOD 145.32; MWW gain 3.72, HOD 19.10, LOD 17.57, EOD 18.10; GNW shed 1.25, HOD 11.52, LOD 10.61, EOD 11.34; CLF gain 1.88, HOD 65.26, LOD 62.01, EOD 62.25; CRM gain 1.20, HOD 117.00, LOD 114.67, EOD 116.11; FLR shed 0.86, HOD 49.79, LOD 47.94, EOD 48.19.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,483, declined stock prices 1,199, unchanged stock prices 140, stock prices hitting new highs 113 and stock prices hitting new lows 45. 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: CSTR gain 11.32, HOD 58.46, LOD 55.05, EOD 57.58; AAPL shed 4.26, HOD 305.88, LOD 300.88, EOD 300.98; NUVA shed 10.44, HOD 27.24, LOD 26.10, EOD 26.17; DECK gain 4.11, HOD 58.90, LOD N/A, EOD 58.10; PCLN gain 9.23, HOD 383.11, LOD 369.13, EOD 376.81; NFLX shed 2.13, HOD 175.80, LOD 169.32, EOD 173.57; EXAS shed 1.71, HOD 8.09, LOD 6.70, EOD 6.86; STRA gain 11.96, HOD 140.59, LOD 127.65, EOD 139.96.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 278, declined stock prices 187, unchanged stock prices 48, stock prices hitting new highs 13 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 1180.50; Change 1.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,124.00; Change -1.75
E-mini DOW $5 (YM) Mar 10: EOD 11,065; Change 16
Nikkei 225 (Yen) Mar 10: EOD 9,165; Change -175

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7188 to U.S. Dollars 1.3900
Japanese Yen 80.4650 to U.S. Dollars 0.0124
British Pound 0.6236 to U.S. Dollars 1.6000
Canadian Dollar 1.0199 to U.S. Dollars 0.9805
Swiss Franc 0.9841 to U.S. Dollars 1.02

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 10) shed $0.75, EOD $81.43 per barrel ($US per barrel)
Heating Oil (December 10) shed $0.02, EOD $2.24 a gallon ($US per gallon)
Natural Gas (December 10) gain $0.14, EOD $4.04 per million BTU ($US per mmbtu.)
Unleaded Gas (December 10) shed $0.02, EOD $2.06 gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 10) gain $15.10, EOD $1,357.60 ($US per Troy ounce)
Silver (December 10) gain $0.68, EOD $24.56 ($US per Troy ounce)
Platinum (January 11) gain $15.10, EOD $1,707.10 ($US per Troy ounce)
Copper (December 10) shed $0.05, EOD $3.73 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 10) shed $0.85, EOD $66.20
Pork Bellies (February 11) unchanged, EOD $104.00
Live Cattle (December 10) shed $0.45, EOD $98.82
Feeder Cattle (January 11) shed $0.37, EOD $110.80

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) gain $3.00, EOD $582.00
Soybeans (January 11) unchanged, EOD $1,236.00

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