Gross Domestic Product

Daily Market Commentary for January 29, 2010

Gross Domestic Product

Commerce Department gave a very positive report on Gross Domestic Product today. (Read more at Millennium-Traders.Com)

Economic data released today:

Gross Domestic Product [GDP ]:
U.S. GDP rose 5.7% Rate in 4Q; Compared to Consensus of an Increase by 4.8%; Real Final Sales fell 2.2% in 4Q; PCE Price Index rose 2.7% Rate in 4Q; Core PCE Price Index rose 1.4% Rate in 4Q; Domestic Purchases Price Index rose 2.1% Rate in 4Q; Chain-Weighted Price Index rose 0.6% Rate in 4Q.

US ISM-New York:
January Current Business Index 72.6 versus 64.5 in December.

Employment Cost Index:
U.S. 4Q Employment Cost Index rose 0.5%; Compared to Consensus of an Increase by 0.4%; U.S. 4Q Employment Cost Index rose 1.5% From a Year Ago; U.S. Wages and Benefits Rise at Lowest Pace on Record in '09.

Chicago Purchasing Management Institute [PMI]:
Adjusted January Index 61.5 versus December 58.7; January Prices Paid Index 66.2 versus December 55.6; January Supplier Deliveries 55.3; December 57.0; January Employment Index 59.8 versus December 47.6; January New Orders Index 66.4 versus December 64.4.

University of Michigan Consumer Sentiment Index;
5-Year Inflation Forecast rose 2.9%; December rose 2.7%; 12-Month Inflation Forecast rose 2.8%; December rose 2.5%; Mid-January Expectations 70.1; December 68.9; Mid-January Current Index 81.1; December 78.0; Mid-January Sentiment 74.4; December 72.5.

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) shed 51.32 points, EOD 10,069.14
NYSE (New York Stock Exchange) shed 73.11, EOD 6,883.88
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 10.93 points, EOD 2,189.93
S&P 500 (SPX) shed 9.09 points, EOD 1,075.44
BEL 20 (BEL20) gain 18.69 points, EOD 2,505.20
CAC 40 (CAC40) gain 50.67 points, EOD 3,739.46
FTSE100 (UKX100) gain 42.78 points, EOD 5,188.52
NIKKEI 225 (NIK/O) shed 44.75 points, EOD 10,198.04

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 987 declined stock prices 2,114, unchanged stock prices 81, stock prices hitting new highs 52 and stock prices hitting new lows 10. 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: ARG shed 4.57, HOD 44.68, LOD 41.82, EOD 42.26; FAS shed 1.60, HOD 73.82, LOD 68.88, EOD 69.40; EDC shed 3.92, HOD 111.69, LOD 101.56, EOD 103.49; CME shed 3.69, HOD 296.38, LOD 285.84, EOD 286.82; GS shed 4.57, HOD 154.88, LOD 147.81, EOD 148.72; POT shed 5.14, HOD 104.88, LOD 98.27, EOD 99.35; ESI shed 9.64, HOD 106.73, LOD 95.57, EOD 96.87; LZ shed 5.57, HOD 79.17, LOD 73.21, EOD 73.69.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 962, declined stock prices 1,750, unchanged stock prices 128, stock prices hitting new highs 44 and stock prices hitting new lows 33. 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: AMZN shed 0.62, HOD 131.85, LOD 124.14, EOD 125.41; SNDK shed 3.36, HOD 27.49, LOD 24.90, EOD 25.42; VPRT gain 57.87, HOD 53.50, LOD 56.01, EOD 56.01; JNPR gain 0.34, HOD 26.20, LOD 24.53, EOD 24.83; VSEA gain 0.21, HOD 31.15, LOD 29.04, EOD 29.33; DRIV shed 0.25, HOD 27.46, LOD 24.85, EOD 25.13; GOOG shed 4.34, HOD 540.99, LOD 525.61, EOD 529.94; PCLN shed 6.33, HOD 205.00, LOD 193.46, EOD 195.35; ISRG shed 6.95, HOD 337.00, LOD 326.87, EOD 328.06; BIDU shed 6.14, HOD 423.99, LOD 406.73, EOD 411.71; CPSI shed 6.40, HOD 39.23, LOD 33.92, EOD 37.63.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 230, declined stock prices 274, unchanged stock prices 40, stock prices hitting new highs 5 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 1072.00; Change -7.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,741.25; Change -29.25
E-mini DOW $5 (YM) Mar 10: EOD 10,030; Change -32
E-mini S&P MidCap 400 (MF) Mar 10: EOD 702.20; Change -7.70
Nikkei 225 (Yen) Mar 10: EOD 10,150; Change -140

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7213 U.S. Dollars 1.3864
Japanese Yen 90.2600 to U.S. Dollars 0.0111
British Pound 0.6257 to U.S. Dollars 1.5982
Canadian Dollar 1.0693 to U.S. Dollars 0.9352
Swiss Franc 1.0606 to U.S. Dollars 0.9429

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 10) shed $0.89, EOD $72.75 per barrel ($US per barrel)
Heating Oil (March 10) shed $0.02, EOD $1.91 a gallon ($US per gallon)
Natural Gas (March 10) unchanged $0.00 EOD $5.14 per million BTU ($US per mmbtu.)
Unleaded Gas (March 10) shed $0.01 EOD $1.91 gallon ($US per gallon)

Metals Markets - Comex:
Gold (March 10) shed $1.60, EOD $1,083.20 ($US per Troy ounce)
Silver (March 10) shed $0.06, EOD $16.27 ($US per Troy ounce)
Platinum (April 10) gain $10.10, EOD $1,504.00 ($US per Troy ounce)
Copper (March 10) shed $0.05, EOD $3.05 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) shed $0.80, EOD $68.60
Pork Bellies (May 10) shed $0.40, EOD $84.00
Live Cattle (April 10) gain $0.18, EOD $89.38
Feeder Cattle (March 10) gain $0.40, EOD $98.88

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 10) shed $6.00, EOD $356.50
Soybeans (March 10) shed $18.00, EOD $913.75

BOND MARKET:
2 year EOD 100 2/32, change 2/32, Yield 0.83, Yield change -0.03
5 year EOD 99 16/32, change 7/32, Yield 2.34 Yield change -0.05
10 year EOD 98 3/32, change 10/32, Yield 3.60 Yield change -0.04
30 year EOD 97 27/32, change 25/32, Yield 4.50, change -0.05

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