Inflation Rate

Daily Market Commentary for February 9, 2011

Inflation Rate

Stocks started today's session off lower as the inflation rate on food commodities continues to rise. (Read more at Millennium-Traders.Com)

Economic data released today:

Crude Oil Inventories from DOE:
U.S. Crude Oil Stockpiles rose 1.898 Million Barrels at 345.057 Million Barrels; U.S. Crude Oil Stockpiles rose 1.898 Million Barrels in Week; was Seen increasing by 2.2 Million Barrels; U.S. Gasoline Stockpiles rose 4.663 Million Barrels in Week; Was Seen increasing by 2 Million Barrels; U.S. Distillate Stockpiles rose 0.288 Million Barrels at 164.366 Million Barrels; U.S. Distillate Stockpiles rose 0.288 Million Barrels in Week; Was Seen decreasing by 1.2 Million Barrels; U.S. Refineries Ran at 84.7% capacity versus 84.5% Week Ago; U.S. Refineries Ran at 84.7% capacity; was Seen at 84.20%.

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 6.74 points, EOD 12,239.89
NYSE (New York Stock Exchange) shed 36.00, EOD 8,343.85
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 9.54 points, EOD 2,787.51
S&P 500 (SPX) shed 4.55 points, EOD 1,320.02
BEL 20 (BEL20) shed 7.01 points, EOD 2,726.95
CAC 40 (CAC40) shed 17.53 points, EOD 4,090.74
FTSE100 (UKX100) shed 39.04 points, EOD 6,052.29
NIKKEI 225 (NIK/O) shed 18.15 points, EOD 10,617.83

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,106, declined stock prices 1,942, unchanged stock prices 105, stock prices hitting new highs 196 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: RL gain 9.50, HOD 28.04, LOD 120.25, EOD 125.27; VQ shed 0.55, HOD 19.29, LOD 18.51, EOD 18.59; CF gain 5.50, HOD 153.16, LOD 146.43, EOD 151.97; AGU gain 2.64, HOD 98.03, LOD 95.09, EOD 96.07; CRM shed 1.86, HOD 136.30, LOD 133.26, EOD 134.44; NYX gain 4.71, HOD 39.99, LOD 33.81, EOD 38.12; CME gain 1.46, HOD 309.67, LOD 299.72, EOD 302.50.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 991, declined stock prices 1,688, unchanged stock prices 114, stock prices hitting new highs 164 and stock prices hitting new lows 21. 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: SWIR shed 4.04, HOD 11.75, LOD 10.98, EOD 11.46; SMSI shed 4.56, HOD 8.69, LOD 7.90, EOD 8.50; FFIV gain 0.03, HOD 124.45, LOD 121.07, EOD 123.55; FNSR gain 1.05, HOD 40.72, LOD 38.59, EOD 40.00; SHLD gain 1.62, HOD 91.18, LOD 84.55, EOD 87.25; CBOE gain 1.04, HOD 27.58, LOD 24.42, EOD 25.51; ASYS shed 2.27, HOD 30.80, LOD 26.52, EOD 26.66; APKT shed 0.80, HOD 73.19, LOD 70.00, EOD 70.84.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 191, declined stock prices 286, unchanged stock prices 33, stock prices hitting new highs 19 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 1317.75; Change -4.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,358.75; Change -4.00
E-mini DOW $5 (YM) Mar 10: EOD 12,196; Change 0.0
Nikkei 225 (Yen) Mar 10: EOD 10,605; Change -75

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7287 to U.S. Dollars 1.37
Japanese Yen 82.4150 to U.S. Dollars 0.0121
British Pound 0.6213 to U.S. Dollars 1.6100
Canadian Dollar 0.9946 to U.S. Dollars 1.01
Swiss Franc 0.9582 to U.S. Dollars 1.04

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 11) shed $0.23, EOD $86.71 per barrel ($US per barrel)
Heating Oil (March 11) gain $0.03, EOD $2.77 a gallon ($US per gallon)
Natural Gas (March 11) gain $0.00, EOD $4.04 per million BTU ($US per mmbtu.)
Unleaded Gas (March 11) gain $0.03, EOD $2.53 gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 11) gain $1.40, EOD $1,365.50 ($US per Troy ounce)
Silver (March 11) gain $0.00, EOD $30.28 ($US per Troy ounce)
Platinum (April 11) shed $2.50, EOD $1,859.40 ($US per Troy ounce)
Copper (March 11) shed $0.05, EOD $4.52 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) unchanged, EOD $91.25
Pork Bellies (February 11) gain $2.00, EOD $115.00
Live Cattle (April 11) unchanged, EOD $111.25
Feeder Cattle (March 11) shed $1.35, EOD $122.90

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) gain $24.25, EOD $698.00
Soybeans (March 11) gain $16.75, EOD $1,451.00

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