Bank of America Earnings Disappoint

Daily Market Commentary for April 15, 2011

Bank of America Earnings Disappoint

Stocks began the session with losses after Bank of America earnings disappoint, coming in 10 cents under what analysts' expected. (Read more at Millennium-Traders.Com)

Economic data released today:

CPI:
U.S. Real Average Weekly Earnings fell 0.5% in March; U.S. March CPI Energy Prices rose 3.5%; Food Prices rose 0.8%; U.S. March CPI Unrounded rose 0.549%; Core rose 0.135%; U.S. March CPI Ex-Food & Energy rose 0.1%; Compared to Consensus of an increase by 0.2%; U.S. March Consumer Prices rose 0.5%; Compared to Consensus of an increase by 0.4%.

New York Empire State Manufacturing Index:
New York Fed April Prices Received 26.92 versus 20.78 in March; New York Fed April Employment 23.08 versus 9.09 in March; New York Fed April New Orders 22.34 versus 5.81 in March; New York Fed's April Manufacturing Index 21.70 versus 17.50 in March.

TIC Net Long-Term Transactions:
China Net Seller of U.S. Treasury’s in February, Remains Top Holder; Foreigners Net Buyers $6.1B of U.S. Equities in February; Foreigners Net Sellers $2.5B of U.S. Corp Bonds in February; Foreigners Net Sellers $1.7B of U.S. Agency Debt in February; Foreigners Net Buyers $30.6B U.S. Treasury’s Notes, Bonds in February; Net Foreign Capital Inflow $97.7B in February; Net Long-Term Securities Purchases $26.9B in February; Net Foreign Long-Term Securities Purchases $16.2B in February.

Industrial Production:
U.S. March Industrial Production rose 0.8%; Compared to Consensus of an increase by 0.6%; U.S. February Industrial Production Revised to +0.1% from Unchanged.

Capacity Utilization Rate:
U.S. March Capacity Util +0.5-Pt At 77.4%; Consensus 77.4%; U.S. February Capacity Use Revised to 76.9% from 77.0%.

Michigan Consumer Sentiment Index:
University of Michigan Mid-April Sentiment 69.6; University of Michigan Mid- April Current Index 82.7; University of Michigan Mid- April Expectations 61.2.

Michigan Inflation Expectations:
University of Michigan 12-Month Inflation Forecast rose 4.6%; University of Michigan 5-Year Inflation Forecast rose 2.9%.

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 56.76 points, EOD 12,341.91
NYSE (New York Stock Exchange) shed 52.40, EOD 8,413.05
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 3.85 points, EOD 2,764.07
S&P 500 (SPX) gain 5.16 points, EOD 1,319.68
BEL 20 (BEL20) gain 16.46 points, EOD 2,711.46
CAC 40 (CAC40) gain 4.09 points, EOD 3,974.48
FTSE100 (UKX100) gain 32.21 points, EOD 5,996.01
NIKKEI 225 (NIK/O) shed 62.40 points, EOD 9,591.52

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,039, declined stock prices 1,019, unchanged stock prices 119, stock prices hitting new highs 106 and stock prices hitting new lows 16. 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: AGQ gain 9.03, HOD 289.17, LOD 279.42, EOD 287.67; RIG shed 2.51, HOD 76.77, LOD 75.10, EOD 75.48; CF shed 3.61, HOD 133.52, LOD 129.89, EOD 130.08; AGO gain 3.25, HOD 18.54, LOD 16.48, EOD 17.42; CRM gain 0.80, HOD 134.28, LOD 131.53, EOD 133.82; CYH shed 0.75, HOD 33.25, LOD 31.39, EOD 31.87; CDE gain 0.24, HOD 33.55, LOD 31.20, EOD 31.32; MRX gain 0.21, HOD 35.38, LOD 34.43, EOD 34.96; REE shed 0.51, HOD 16.55, LOD 15.52, EOD 15.63; ANV gain 0.25, HOD 39.59, LOD 38.79, EOD 39.12.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,718, declined stock prices 915, unchanged stock prices 123, stock prices hitting new highs 84 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: GOOG shed 47.80, HOD 545.75, LOD 530.17, EOD 530.71; INFY shed 9.82, HOD 64.42, LOD 61.40, EOD 63.20; ACOR gain 2.05, HOD 29.21, LOD 26.66, EOD 29.18; POZN gain 0.23, HOD 6.27, LOD 5.92 EOD 6.05; SINA gain 0.88, HOD 124.56, LOD 120.84, EOD 124.56; CBST gain 1.91, HOD 32.33, LOD 31.04, EOD 32.27.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 254, declined stock prices 220, unchanged stock prices 34, stock prices hitting new highs 8 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 1315.25; Change 5.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,302.50; Change 1.75
E-mini DOW $5 (YM) Mar 10: EOD 12,281; Change 53
Nikkei 225 (Yen) Mar 10: EOD 9570; Change -50

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6934 to U.S. Dollars 1.44
Japanese Yen 83.1050 to U.S. Dollars 0.012
British Pound 0.6136 to U.S. Dollars 1.6300
Canadian Dollar 0.9608 to U.S. Dollars 1.04
Swiss Franc 0.8930 to U.S. Dollars 1.12

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (May 11) gain $1.55, EOD $109.66 per barrel ($US per barrel)
Heating Oil (May 11) gain $0.03, EOD $3.22 a gallon ($US per gallon)
Natural Gas (May 11) shed $0.00, EOD $4.20 per million BTU ($US per mmbtu.)
Unleaded Gas (May 11) gain $0.05, EOD $3.29 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 11) gain $13.60, EOD $1,486.00 ($US per Troy ounce)
Silver (May 11) gain $0.90, EOD $42.57 ($US per Troy ounce)
Platinum (July 11) shed $0.80, EOD $1,794.80 ($US per Troy ounce)
Copper (May 11) shed $0.02, EOD $4.26 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) shed $1.55, EOD $101.08
Pork Bellies (February 12) unchanged, EOD $120.00
Live Cattle (June 11) shed $1.15, EOD $115.35
Feeder Cattle (August 11) shed $0.87, EOD $136.50

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 11) shed $11.50, EOD $749.50
Soybeans (November 11) shed $5.25, EOD $1,340.00

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