Retail Sales Data

Daily Market Commentary for December 14, 2010

Retail Sales Data

Investors were in good spirits thanks to better than expected retail sales data. (Read more at Millennium-Traders.Com)

Economic data released today:

Retail Sales (MoM):
October Retail & Food Sales Revised to rise 1.7% from an increase by 1.2%; U.S. November Retail & Food Sales Excluding-Autos rose 1.2%; U.S. November Retail & Food Sales rose 0.8%; Compared to Consensus of an increase by 0.5%; Summary from EconomicIndicators.gov: Retail sales in November 2010 were $378.7B, an increase of 0.8% from October and an increase of 7.7% from November 2009. Excluding autos, retail sales were $311.9B, up 1.2% from last month and up 6.7% from last year.

PPI (MoM):
U.S. October PPI Unrevised at +0.4%; U.S. November Passenger Car Prices rose 1.7%; U.S. November PPI Energy Prices rose 2.1%; U.S. November PPI Crude Goods rose 0.6; Core rose 3.1%; U.S. November PPI Intermediate Goods rose 1.1%; Core rose 0.7%; U.S. November PPI Excluding Food & Energy rose 0.3%; Compared to Consensus of an increase by 0.3%; U.S. November Producer Prices rose 0.8%; Compared to Consensus of an increase by 0.6%.

Business Inventories (MoM):
U.S. October Business Inventories rose 0.7%; was expected to rise 1.0%; Summary EconomicIndicators.gov: Business inventories rose 0.7 percent in October 2010 from the previous month and up 6.9 percent from October 2009. Sales rose 1.4 percent from September and 9.3 percent from a year ago.

FOMC Interest Rate Decision:
Fed Funds to Stay Exceptionally Low for Extended Period; Fed Keeps Fed Funds Range Unchanged at 0.0% to 0.25%; to Regularly Review Pace of Securities Purchases; Underlying Inflation Trending Downward; Progress on Recovery 'Disappointingly Slow'; Long-Term Inflation Expectations Stable; Housing Sector Remains Depressed; Business Spending Decelerating Compared to Earlier; Employers Remain Reluctant to Add to Payrolls; Household Spending Increasing at 'Moderate Pace'; to Continue Treasury Securities Purchases; Economic Recovery too Slow to Dent Unemployment; Economic Recovery is continuing; Leaves Discount Rate Unchanged at 0.75%; FOMC Voted 10-1 for Fed Funds Rate Action.

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 47.98 points, EOD 11,476.54
NYSE (New York Stock Exchange) gain 5.20, EOD 7,855.22
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 2.9 points, EOD 2,627.81
S&P 500 (SPX) gain 1.11 points, EOD 1,241.57
BEL 20 (BEL20) shed 1.18 points, EOD 2,635.69
CAC 40 (CAC40) gain 10.43 points, EOD 3,902.87
FTSE100 (UKX100) gain 30.46 points, EOD 5,891.21
NIKKEI 225 (NIK/O) gain 22.88 points, EOD 10,316.77

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,368, declined stock prices 1,714, unchanged stock prices 101, stock prices hitting new highs 175 and stock prices hitting new lows 114. 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: BBY shed 6.18, HOD 36.15, LOD 34.25, EOD 35.52; AGQ shed 0.90, HOD 148.98, LOD 143.02, EOD 145.41; LVS shed 1.61, HOD 45.84, LOD 43.41, EOD 43.65; CRM shed 7.56, HOD 144.65, LOD 136.00, EOD 136.32.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,357, declined stock prices 1,313, unchanged stock prices 143, stock prices hitting new highs 155 and stock prices hitting new lows 25. 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: NFLX shed 5.35, HOD 182.70, LOD 177.11, EOD 178.45; FFIV shed 5.41, HOD 140.22, LOD 132.82, EOD 133.65; AMGN gain 2.65, HOD 57.22, LOD 55.24, EOD 56.76; PTRY shed 2.11, HOD 19.12, LOD 17.10, EOD 18.04; SAFM shed 2.33, HOD 44.65, LOD 39.95, EOD 40.15.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 178, declined stock prices 300, unchanged stock prices 41, stock prices hitting new highs 10 and stock prices hitting new lows 57.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1234.00; Change -2.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,206.75; Change -3.75
E-mini DOW $5 (YM) Mar 10: EOD 11,398; Change 32
Nikkei 225 (Yen) Mar 10: EOD 10,330; Change 55

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7477 to U.S. Dollars 1.3400
Japanese Yen 83.7350 to U.S. Dollars 0.0119
British Pound 0.6340 to U.S. Dollars 1.58
Canadian Dollar 1.0068 to U.S. Dollars 0.9933
Swiss Franc 0.9600 to U.S. Dollars 1.04

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (January 11) shed $0.33, EOD $88.28 per barrel ($US per barrel)
Heating Oil (January 11) gain $0.00, EOD $2.47 a gallon ($US per gallon)
Natural Gas (January 11) shed $0.04, EOD $4.42 per million BTU ($US per mmbtu.)
Unleaded Gas (January 11) shed $0.02, EOD $2.30 gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 11) gain $6.30, EOD $1,404.30 ($US per Troy ounce)
Silver (March 11) gain $0.16, EOD $29.79 ($US per Troy ounce)
Platinum (January 11) gain $16.60, EOD $1,713.90 ($US per Troy ounce)
Copper (March 11) gain $0.00, EOD $4.21 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 11) shed $0.25, EOD $76.08
Pork Bellies (February 11) unchanged, EOD $105.25
Live Cattle (February 11) shed $0.50, EOD $104.45
Feeder Cattle (January 11) shed $1.10, EOD $118.80

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) shed $1.25, EOD $587.25
Soybeans (January 11) shed $6.00, EOD $1,306.00

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