Small Business Loans

Daily Market Commentary for March 16, 2009

The Obama Administration firmly believes that economic recovery will be driven in large part by America's small businesses, which have generated about 70 percent of net new jobs annually over the past decade. (read more at Millennium-Traders.Com)

Economic data released today:

Empire State Manufacturing Survey:
New York Fed's March Manufacturing Index fell 38.23 versus drop by 34.65 n February; New York Fed's March New Orders fell 44.76 versus drop by 30.51in February; New York Fed's March Employment fell 38.20 versus drop by 39.08 in February; New York Fed's March Prices Received fell 23.60 versus drop by 20.69 in February; New York Fed's Manufacturing Index hits fresh record low in March.

Treasury International Capital:
The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for January 2009. The next release, which will report on data for February 2009, is scheduled for April 15, 2009. Net foreign purchases of long-term securities were negative $43.0 billion. Net foreign purchases of long-term U.S. securities were negative $18.8 billion. Of this, net purchases by private foreign investors were negative $10.2 billion, and net purchases by foreign official institutions were negative $8.5 billion. U.S. residents purchased a net $24.2 billion of long-term foreign securities. Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been negative $60.9 billion. Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities increased $30.9 billion. Foreign holdings of Treasury bills decreased $15.4 billion. Banks' own net dollar-denominated liabilities to foreign residents decreased $118.9 billion. Monthly net TIC flows were negative $148.9 billion. Of this, net foreign private flows were negative $158.1 billion, and net foreign official flows were $9.2 billion.

Industrial Production:
U.S. February Industrial Production fell 1.4% compared to consensus of a drop by 1.0%; U.S. February Capacity Utilization fell 1.0-Point at 70.9% compared to consensus of consensus of 71.4%; U.S. January Industrial Production revised to a drop by 1.9% from a drop by 1.8%; U.S. January Capacity Use revised to 71.9% from 72.0%.

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) loss of 7.01 points to end the trading session at 7,216.97
NYSE (New York Stock Exchange) gain of 7.91 points to end the trading session at 4,728.91
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 27.48 points to end the trading session at 1,404.02
S&P 500 (SPX) loss of 2.66 points to end the trading session at 753.89
BEL 20 (BEL20) gain of 45.98 points to end the trading session at 1,707.74
CAC 40 (CAC40) gain of 86.03 points to end the trading session at 2,791.66
FTSE100 (UKX100) triple digit gain of 110.31 points to end the trading session at 3,863.99
NIKKEI 225 (NIK/O) triple digit gain of 134.87points at the end the trading session at 7,704.15

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,820, declined stock prices 1,306, unchanged stock prices 72, stock prices hitting new highs 2 and stock prices hitting new lows 4. 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: Illinois Tool Works (NYSE: ITW) stock price shed 0.91 points on the trading session, high on the trading session $28.15, low on the trading session $25.60, with a closing stock price at $26.94; ProShares Ultrashort Real Estate (NYSE: SRS) stock price gained 9.54 points on the trading session, high on the trading session $72.41, low on the trading session $61.13, with a closing stock price at $71.85; ITT Educational Services (NYSE: ESI) stock price shed 6.12 points on the trading session, high on the trading session $107.66, low on the trading session $94.64, with a closing stock price at $100.22; ProShares Ultrashort Financials (NYSE: SKF) stock price gained 5.83 points on the trading session, high on the trading session $145.79, low on the trading session $126.27, with a closing stock price at $144.81; Goldman Sachs Group (NYSE: GS) stock price shed 4.90 points on the trading session, high on the trading session $101.41, low on the trading session $93.19, with a closing stock price at $3.90; CME Group (NYSE: CME) stock price shed 0.74 points on the trading session, high on the trading session $201.46, low on the trading session $193.60, with a closing stock price at $197.41; ProShares Ultrashort S&P 500 (NYSE: SDS) stock price gained 0.39 points on the trading session, high on the trading session $90.91, low on the trading session $85.85, with a closing stock price at $90.64.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,245, declined stock prices 1,539, unchanged stock prices 144, stock prices hitting new highs 8 and stock prices hitting new lows 37. 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: Strayer Education (NasdaqGS: STRA) stock price shed 22.71 points on the trading session, high on the trading session $166.10, low on the trading session $143.53, with a closing stock price at $148.38; ***** (NasdaqGS: AAPL) stock price shed 0.27 points on the trading session, high on the trading session $97.39, low on the trading session $94.18, with a closing stock price at $95.66; United Therapeutics (NasdaqGS: UTHR) stock price shed 5.69 points on the trading session, high on the trading session $62.34, low on the trading session $59.19, with a closing stock price at $60.59.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 321, declined stock prices 245, unchanged stock prices 64, stock prices hitting new highs n/a and stock prices hitting new lows 1.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 09: End of trading session price 753.75; Change for the trading session -0.75
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,152; Change for the trading session -16
E-mini DOW $5 (YM) Mar 09: End of trading session price 7,180; Change for the trading session 1
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 449.900; Change for the trading session -5.20

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7710 to U.S. Dollars 1.2970
Japanese Yen 98.26 to U.S. Dollars 0.0102
British Pound 0.7111 to U.S. Dollars 1.4062
Canadian Dollar 1.2721 to U.S. Dollars 0.7861
Swiss Franc 1.1846 to U.S. Dollars 0.8442

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (April 09) gained $1.10 on the trading session for a closing price of $47.35per barrel ($US per barrel)
Heating Oil (April 09) gained $0.02 on the trading session for a closing price of $1.23 a gallon ($US per gallon)
Natural Gas (April 09) shed $0.08 on the trading session for a closing price of $3.85 per million BTU ($US per mmbtu.)
Unleaded Gas (March 09) gained $0.01 on the trading session for a closing price of $1.37 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 09) shed $8.10 on the trading session for a closing price of $922.00 ($US per Troy ounce)
Silver (May 09) shed $0.33 on the trading session for a closing price of $12.89 ($US per Troy ounce)
Platinum (April 09) shed $14.20 on the trading session for a closing price of $1,063.80 ($US per Troy ounce)
Copper (May 09) gained $0.08 on the trading session for a closing price of $1.75 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 09) shed 0.15 on the trading session for a closing price of 74.08
Pork Bellies (May 09) gained 3.00 on the trading session for a closing price of 88.50
Live Cattle (April 09) shed 0.03 on the trading session for a closing price of 82.08
Feeder Cattle (April 09) shed 0.33 on the trading session for a closing price of 93.70

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 09) gained 3.00 on the trading session for a closing price of 391.50
Soybeans (May 09) shed 34.50 on the trading session for a closing price of 911.00

BOND MARKET:
2 year Bond Closing price 99 24/32, change -2/32, Yield 0.99, Yield change 0.03
5 year Bond closing price of 99 26/32, change -7/32, Yield 1.90, Yield change 0.04
10 year Bond closing price 98 8/32, change 0, Yield 2.95, Yield change 0.00
30 year Bond closing price 95 11/32, change -1 13/32, Yield 3.76, Yield change 0.09

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