Time Warner

Daily Market Commentary for November 4, 2009

Time Warner

Time Warner Inc. reported Wednesday that earnings fell 38% in the third-quarter; however the company beat Wall Street’s expectations and raised its full year earnings forecast. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA [Mortgage Bankers Association] Mortgage Applications:
U.S. MBA Market Index rose 8.2% at 608.3 compared to last week 562.3; U.S. MBA Purchase Index fell1.8% at 250.3; compared to last week 254.9; U.S. MBA Refinance Index rose 14.5% At 2693.7; last week 2352.5.

ADP Nonfarm Employment Change:
ADP sees October U.S. Private Sector Jobs -203,000; ADP October U.S. Private Sector Jobs Expected -203,000.

ISM [Institute for Supply Management] Non-Manufacturing Index:
U.S. ISM October Non-Manufacturing Prices Index 53.0 versus September 48.8; U.S. ISM October Non-Manufacturing PMI 50.6 versus September 50.9; U.S. ISM October Non-Manufacturing PMI Expected 52.0; U.S. ISM October Non-Manufacturing Business Index 55.2 versus September 55.1; U.S. ISM October Non-Manufacturing Employment Index 41.1 versus September 44.3; U.S. ISM October Non-Manufacturing Prices Index 53.0 versus September 48.8; U.S. ISM October Non-Manufacturing New Orders Index 55.6 versus September 54.2; U.S. ISM: Respondents 'mostly cautious' about business conditions.

Crude Oil Inventories provided by DOE [Department of Energy]:
U.S. Crude Oil Stockpiles -3.936 Million Barrels at 335.914 Million Barrels; U.S. Crude Oil Stockpiles -3.936 Million Barrels in week; was seen increasing by 1.4 Million Barrels; U.S. Gasoline Stockpiles -0.287 Million Barrels at 208.277 Million Barrels; U.S. Gasoline Stockpiles -0.287 Million Barrels in week; was seen decreasing by 0.1 Million Barrels; U.S. Distillate Stockpiles -0.378 Million Barrels at 167.376 Million Barrels; U.S. Distillate Stockpiles -0.378 Million Barrels in week; was seen decreasing by 1 Million Barrels; U.S. Refineries Ran at capacity 80.6% versus 81.76% week ago; U.S. Refineries Ran at 80.6%; was seen 81.70%.

Federal Open Market Committee [FOMC] Interest Rate Decision:
Fed keeps fed funds range unchanged at 0.0% to 0.25%; fed leaves discount rate unchanged at 0.5%; economic activity has continued to pick up; economic activity likely to remain weak for some time; household spending seems to be expanding; conditions In financial markets ' roughly unchanged'; activity in housing sector has recently increased; spending constrained by job losses, tight credit; businesses still cutting back on fixed investment; businesses making progress on inventory stocks; inflation will remain subdued for some time; sees exceptionally low rate levels for extended period; will purchase about $175B of agency debt; new agency debt amount lower than initially announced; will gradually slow pace of agency debt, MBS purchases.

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 23.57 points, EOD 9,795.48
NYSE (New York Stock Exchange) gain 17.75, EOD 6,830.43
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 2.87 points, EOD 2,054.45
S&P 500 (SPX) gain 0.09 points, EOD 1,045.50
BEL 20 (BEL20) gain 50.08 points, EOD 2,401.17
CAC 40 (CAC40) gain 86.08 points, EOD 3,670.33
FTSE100 (UKX100) gain 70.68 points, EOD 5,107.89
NIKKEI 225 (NIK/O) gain 47.2, EOD 9,844.31

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,646 declined stock prices 1,439, unchanged stock prices 70, stock prices hitting new highs 56 and stock prices hitting new lows 8. 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: MA gain 5.78, HOD 228.79, LOD 220.11, EOD 224.98; DVA gain 3.52, HOD 59.93, LOD 56.09, EOD 57.92; CRL shed 3.09, HOD 35.78, LOD 33.00, EOD 34.01; FAS shed 2.39, HOD 73.18, LOD 66.90, EOD 67.22; RHB gain 5.43, HOD 25.50, LOD 21.38, EOD 24.38; CME shed 4.88, HOD 304.44, LOD 295.65, EOD 296.68; GS shed 2.11, HOD 174.60, LOD 169.02, EOD 169.50; INT shed 0.46, HOD 56.37, LOD 51.10, EOD 51.66.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,087, declined stock prices 1,662, unchanged stock prices 101, stock prices hitting new highs 51 and stock prices hitting new lows 41. 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: STEC shed 9.01, HOD 16.26, LOD 14.04, EOD 14.14; TRLG shed 6.49, HOD 23.75, LOD 20.03, EOD 20.07; AAPL gain 2.06, HOD 193.85, LOD 190.23, EOD 190.81; GRMN shed 4.57, HOD 33.23, LOD 26.54, EOD 26.84; MXWL shed 2.67, HOD 17.28, LOD 14.30, EOD 16.29; BIDU gain 3.33, HOD 392.00, LOD 385.00, EOD 386.37; FSLR shed 2.92, HOD 127.10, LOD 121.00, EOD 121.59; WYNN shed 0.86, HOD 57.60, LOD 55.06, EOD 55.27; BGFV gain 0.41, HOD 16.78, LOD 15.86, EOD 15.91.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 270, declined stock prices 241, unchanged stock prices 51, stock prices hitting new highs 12 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) Dec 09: EOD 1044.75; Change 3.00
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,679.75; Change 4.25
E-mini DOW $5 (YM) Dec 09: EOD 9,766; Change 49
E-mini S&P MidCap 400 (MF) Dec 09: EOD 666.40; Change -1.80
Nikkei 225 (Yen) Dec 09: EOD 9,845; Change 35

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6729 U.S. Dollars 1.4862
Japanese Yen 90.6000 to U.S. Dollars 0.0110
British Pound 0.6038 to U.S. Dollars 1.6562
Canadian Dollar 1.0637 to U.S. Dollars 0.9401
Swiss Franc 1.0156 to U.S. Dollars 0.9846

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $0.80, EOD $80.40 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.02, EOD $2.09 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.20, EOD $4.73 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) gain $0.01, EOD $2.01 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $2.10, EOD $1,087.00 ($US per Troy ounce)
Silver (December 09) gain $0.22, EOD $17.40 ($US per Troy ounce)
Platinum (January 09) gain $13.10, EOD $1,369.30 ($US per Troy ounce)
Copper (December 09) gain $0.04, EOD $2.99 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $0.25, EOD $57.80
Pork Bellies (February 10) shed $1.35, EOD $87.80
Live Cattle (December 09) gain $0.55, EOD $86.25
Feeder Cattle (January 10) gain $1.43, EOD $96.70

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $6.00, EOD $384.00
Soybeans (January 10) shed $11.50, EOD $999.00

BOND MARKET:
2 year EOD 100 6/32, change 1/32, Yield 0.90, Yield change -0.01
5 year EOD 100 2/32, change 0, Yield 2.35, Yield change 0.00
10 year EOD 100 26/32, change -14/32, Yield 3.52, Yield change 0.05
30 year EOD 101 1/32, change -1 21/32, Yield 4.43, change 0.10

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