Producer Price Index

Daily Market Commentary for September 15, 2009

Producer Price Index

Investors got the news they were looking for today when the producer price index reports came in double what economists were expecting, along with retail sales which also rose. (read more at Millennium-Traders.Com)

Economic data released today:

Redbook:
U.S. Retail Sales fell 1.9% in week ending September 12 versus September a year ago; U.S. Retail Sales First 2 Weeks of September fell 2.1% versus September a year ago; U.S. Retail Sales First 2 Weeks of September rose 0.5% versus August.

PPI (Producer Price Index):
U.S. August Producer Prices rose 1.7% compared to consensus of an increase by 1.0%; U.S. August PPI Excluding-Food & Energy rose 0.2% compared to consensus of an increase by 0.1%; U.S. August PPI Intermediate Goods rose 1.8%; Core goods rose 0.6%; U.S. August PPI Crude Goods rose 3.8%; Core goods rose 6.0%; U.S. August PPI Energy Prices rose 8.0%; U.S. August Passenger Car Prices rose 0.7%; U.S. July PPI Unrevised at a decrease of 0.9%.

Retail Sales:
U.S. August Retail & Food Sales rose 2.7% compared to consensus of an increase by 2.0%; U.S. August Retail & Food Sales Excluding-Autos rose 1.1%; August Auto Sales rose 10.6%; July Retail & Food Sales Revised to fall 0.2% from -0.1%.

NY Empire State Manufacturing Index:
New York Fed's September Manufacturing Index 18.88 versus 12.08 in August; New York Fed September New Orders 19.84 versus 13.43 in August; New York Fed September Employment fell 8.33 versus drop by 7.45 in August; New York Fed September Prices Received fell 3.57 versus a drop by 12.77 in August.

Business Inventories:
U.S. July Business Inventories fell 1.0% compared to expectations of a decrease by 1.0%.

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) gain 60.99 points, EOD 9,687.79
NYSE (New York Stock Exchange) gain 37.08, EOD 6,917.07
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 9.94 points, EOD 2,101.72
S&P 500 (SPX) gain 3.28 points, EOD 1,052.62
BEL 20 (BEL20) gain 31.59 points, EOD 2,469.83
CAC 40 (CAC40) gain 21.6 points, EOD 3,752.21
FTSE100 (UKX100) gain 23.28 points, EOD 5,042.13
NIKKEI 225 (NIK/O) gain 15.56 points, EOD 10,217.62

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,170 declined stock prices 939, unchanged stock prices 60, stock prices hitting new highs 233 and stock prices hitting new lows 3. 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 2.09, HOD 40.53, LOD 37.95, EOD 38.32; KR shed 1.65, HOD 20.77, LOD 20.19, EOD 20.46; NUE gain 0.98, HOD 48.00, LOD 45.74, EOD 47.79; SOA gain 0.89, HOD 13.28, LOD 12.38, EOD 12.84; FAS gain 0.98, HOD 82.48, LOD 77.60, EOD 80.55; CME gain 6.38, HOD 287.49, LOD 276.00, EOD 284.34; AIG shed 2.31, HOD 43.05, LOD 38.08, EOD 38.80; MA gain 6.04, HOD 215.64, LOD 208.38, EOD 214.03; COF shed 0.90, HOD 38.14, LOD 36.41, EOD 37.42; GS shed 1.05, HOD 178.00, LOD 175.46, EOD 176.66; GNW gain 0.66, HOD 12.26, LOD 11.82, EOD 12.05; CUZ shed 0.38, HOD 8.09, LOD 7.50, EOD 7.74.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,592, declined stock prices 1,112, unchanged stock prices 145, stock prices hitting new highs 118 and stock prices hitting new lows 8. 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: FSLR gain 7.01, HOD 142.81, LOD 133.57, EOD 140.10; WYNN gain 3.36, HOD 73.22, LOD 69.15, EOD 72.47; DECK gain 2.93, HOD 76.80, LOD 71.75, EOD 74.79; BIDU gain 18.02, HOD 398.00, LOD 381.50, EOD 397.52; CTCM gain 0.94, HOD 17.24, LOD 16.10, EOD 17.06; FNET gain 1.20, HOD 3.90, LOD 1.23, EOD 2.45; CETV gain 2.30, HOD 34.80, LOD 32.03, EOD 34.50; BCRX gain 0.94, HOD 12.40, LOD 11.47, EOD 11.67; FMCN shed 0.37, HOD 10.57, LOD 10.10, EOD 10.50; APOL gain 1.10, HOD 67.91, LOD 66.11, EOD 67.70; SXCI shed 1.52, HOD 42.48, LOD 41.17, EOD 41.96.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 352, declined stock prices 209, unchanged stock prices 34, stock prices hitting new highs 33 and stock prices hitting new lows n/a.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 1048.75; Change 5.25
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,698.25; Change 10.25
E-mini DOW $5 (YM) Sept 09: EOD 9,628; Change 78
E-mini S&P MidCap 400 (MF) Sept 09: EOD 690.40; Change 7.80
Nikkei 225 (Yen) Sept 09: EOD 10,250; Change -5

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6814 to U.S. Dollars 1.4675
Japanese Yen 91.0500 to U.S. Dollars 0.0110
British Pound 0.6061 to U.S. Dollars 1.6499
Canadian Dollar 1.0718 to U.S. Dollars 0.9330
Swiss Franc 1.0338 to U.S. Dollars 0.9673

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 09) gain $2.07, EOD $70.93 per barrel ($US per barrel)
Heating Oil (October 09) gain $0.04, EOD $1.81 a gallon ($US per gallon)
Natural Gas (October 09) gain $0.02, EOD $3.32 per million BTU ($US per mmbtu.)
Unleaded Gas (October 09) gain $0.05, EOD $1.79 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $5.20, EOD $1,006.30 ($US per Troy ounce)
Silver (December 09) gain $0.38, EOD $17.00 ($US per Troy ounce)
Platinum (October 09) gain $0.60, EOD $1,328.90 ($US per Troy ounce)
Copper (December 09) gain $0.04, EOD $2.85 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $2.88, EOD $51.88
Pork Bellies (February 10) gain $0.80, EOD $87.80
Live Cattle (December 09) gain $0.15, EOD $86.83
Feeder Cattle (October 09) shed $0.50, EOD $98.43

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $28.75, EOD $346.00
Soybeans (November 09) gain $51.00, EOD $960.00

BOND MARKET:
2 year EOD 100 3/32, change -1/32, Yield 0.93, Yield change 0.01
5 year EOD 99 28/32, change -4/32, Yield 2.39, Yield change 0.03
10 year EOD 101 13/32, change -8/32, Yield 3.45, Yield change 0.03
30 year EOD 103 26/32, change -23/32, Yield 4.27, change 0.04

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