GM Recalls

Daily Market Commentary for August 17, 2010

GM Recalls

GM recalls over 240,000 vehicles, the automaker announced today. (Read more at Millennium-Traders.Com)

Economic data released today:

U.S. ICSC/Goldman Sachs Chain Store Sales fell 1.3% in August 14 Week, U.S. ICSC/Goldman Sachs Chain Store Sales rose 3.3% on Year.

Redbook:
U.S. Retail Sales First 2 Weeks August rose 1.0% versus July; U.S. Retail Sales First 2 Weeks August rose 2.8% versus August Year-Ago; U.S. Retail Sales +2.7% Week End August 14 versus Year Ago.

Building Permits:
Building Permits fell 3.1% to 565K Rate in July.

PPI (MoM):
U.S. June PPI Unrevised at -0.5%; U.S. July Passenger Car Prices rose 0.3%; U.S. July PPI Energy Prices fell 0.9%; U.S. July PPI Crude Goods rose 2.7%; Core fell 1.4%; U.S. July PPI Intermediate Goods fell 0.4%; Core fell 0.4%; U.S. July PPI Ex-Food & Energy rose 0.3%; Consensus rose 0.1%; U.S. July Producer Prices rose0.2%; Consensus rose 0.2%.

Housing Starts:
June Housing Starts Revised to fall 8.7% from -5.0%; U.S. July Housing Starts rose 1.7% to 546K; Consensus rose 0.2%.

Capacity Utilization Rate:
U.S. July Capacity Utilization rose 0.7-Point at 74.8%; Consensus 74.6%; U.S. June Capacity Use Unrevised at 74.1%.

Industrial Production (MoM):
U.S. July Industrial Production rose 1.0%; Consensus rose 0.7%; U.S. June Industrial Production Revised to -0.1% from +0.1%.

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 110.88 points, EOD 10,412.89
NYSE (New York Stock Exchange) gain 88.21, EOD 6,959.79
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 26.71 points, EOD 2,208.58
S&P 500 (SPX) gain 12.61 points, EOD 1,091.99
BEL 20 (BEL20) gain 48.88 points, EOD 2,518.34
CAC 40 (CAC40) gain 65.53 points, EOD 3,663.13
FTSE100 (UKX100) gain 74.45 points, EOD 5,350.55
NIKKEI 225 (NIK/O) shed 34.99 points, EOD 9,161.68

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,443, declined stock prices 673, unchanged stock prices 69, stock prices hitting new highs 227 and stock prices hitting new lows 22. 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: CME gain 1.34, HOD 250.89, LOD 245.56, EOD 247.83; POT gain 31.02, HOD 144.40, LOD 139.19, EOD 143.17; ESI shed 1.98, HOD 55.66, LOD 52.86, EOD 52.95; CF gain 3.94, HOD 92.40, LOD 88.12, EOD 88.53; HD gain 0.93, HOD 28.80, LOD 27.71, EOD 28.31; TJX gain 0.41, HOD 42.40, LOD 41.72, EOD 41.78.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,001, declined stock prices 679, unchanged stock prices 120, stock prices hitting new highs 48 and stock prices hitting new lows 59. 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: ISRG gain 7.43, HOD 317.71, LOD 309.69, EOD 316.78; CPIX shed 0.53, HOD 6.23, LOD 5.58, EOD 5.85; NFLX shed 4.25, HOD 140.90, LOD 132.55, EOD 132.97; STRA shed 7.75, HOD 165.00, LOD 155.50, EOD 155.51; PCLN gain 9.05, HOD 307.50, LOD 297.50, EOD 303.57; UPRO gain 4.48, HOD 137.68, LOD 132.27, EOD 134.56; URBN gain 1.59, HOD 33.90, LOD 31.87, EOD 32.95; RINO gain 0.79, HOD 16.09, LOD 15.37, EOD 15.67; PWRD shed 1.00, HOD 24.15, LOD 22.79, EOD 23.81.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 294, declined stock prices 186, unchanged stock prices 45, stock prices hitting new highs 25 and stock prices hitting new lows 12.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1091.00; Change 14.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,844.50; Change 24.50
E-mini DOW $5 (YM) Mar 10: EOD 10,379; Change 106
Nikkei 225 (Yen) Mar 10: EOD 9,225; Change 90

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7762 to U.S. Dollars 1.2900
Japanese Yen 85.5250 to U.S. Dollars 0.0116
British Pound 0.6418 to U.S. Dollars 1.5600
Canadian Dollar 1.0324 to U.S. Dollars 0.9679
Swiss Franc 1.0437 to U.S. Dollars 0.9579

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 10) gain $0.53, EOD $75.77 per barrel ($US per barrel)
Heating Oil (September 10) gain $0.03, EOD $2.03 a gallon ($US per gallon)
Natural Gas (September 10) gain $0.03, EOD $4.27 per million BTU ($US per mmbtu.)
Unleaded Gas (September 10) gain $0.02 EOD $1.95 gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 10) gain $2.10, EOD $1,226.60 ($US per Troy ounce)
Silver (August 10) gain $0.16, EOD $18.59 ($US per Troy ounce)
Platinum (August 10) gain $9.30, EOD $1,546.60 ($US per Troy ounce)
Copper (August 10) gain $0.06, EOD $3.34 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 10) gain $0.67, EOD $75.52
Pork Bellies (August 10) shed $2.50, EOD $136.50
Live Cattle (August 10) gain $0.47, EOD $95.60
Feeder Cattle (August 10) gain $0.55, EOD $113.25

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) gain $7.50, EOD $414.75
Soybeans (September 10) gain $11.25, EOD $1,045.25

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