Fed Chairman

Daily Market Commentary for August 27, 2010

Fed Chairman

Fed Chairman Ben Bernanke reassured investors enough to help the Dow rally triple digits today. (Read more at Millennium-Traders.Com)

Economic data released today:

GDP (QoQ):
2Q Corporate Profits rose 0.1% versus an increase by 11.4% in 1Q; 2Q Prelim Chain-Weighted Price Index rose 1.9% versus Advance increase by 1.8%; 2Q Prelim Purchases Price Index rose 0.1 versus Advance increase by 0.1%; 2Q Prelim Core PCE Price Index rose 1.1% versus Advance increase by 1.1%; 2Q Prelim PCE Price Index Unchanged versus Advance increase by 0.1%; 2Q Prelim Real Final Sales rose 1.0% versus Advance increase by 1.3%; US 2Q Prelim GDP rose 1.6% versus Advance GDP increase by 2.4%; US 2Q GDP Consensus rose 1.3%.

University of Michigan Consumer Sentiment Index:
Preliminary August Sentiment was 69.6; 12-Month Inflation Forecast rose 2.7%; July rose 2.7%.

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) triple digit gain 164.84 points, EOD 10,150.65
NYSE (New York Stock Exchange) triple digit gain 129.43, EOD 6,794.69
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 35.09 points, EOD 2,153.78
S&P 500 (SPX) gain 17.32 points, EOD 1,064.54
BEL 20 (BEL20) gain 20.92 points, EOD 2,467.55
CAC 40 (CAC40) gain 32.41 points, EOD 3,507.44
FTSE100 (UKX100) gain 45.72 points, EOD 5,201.56
NIKKEI 225 (NIK/O) gain 84.58 points, EOD 8,991.06

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,634, declined stock prices 420, unchanged stock prices 90, stock prices hitting new highs 142 and stock prices hitting new lows 73. 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 5.55, HOD 256.86, LOD 250.37, EOD 256.47; NZ gain 4.84, HOD 20.81, LOD 17.90, EOD 19.76; CRM gain 1.69, HOD 112.30, LOD 107.37, EOD 111.53; CMI gain 3.57, HOD 76.50, LOD 72.25, EOD 76.14; JCG shed 2.39, HOD 32.40, LOD 30.82, EOD 31.04.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,198, declined stock prices 483, unchanged stock prices 107, stock prices hitting new highs 24 and stock prices hitting new lows 88. 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: AAPL gain 1.34, HOD 242.61, LOD 235.56, EOD 241.62; IMGN shed 3.23, HOD 5.99, LOD 4.96, EOD 5.16; NFLX gain 0.26, HOD 127.58, LOD 122.88, EOD 126.10; ARST gain 3.05, HOD 39.74, LOD 36.85, EOD 39.65; PCLN gain 11.75, HOD 298.00, LOD 283.26, EOD 297.54; UPRO gain 5.65, HOD 124.83, LOD 115.90, EOD 124.55; DLLR gain 4.16, HOD 19.86, LOD 16.14, EOD 19.78.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 350, declined stock prices 142, unchanged stock prices 34, stock prices hitting new highs 21 and stock prices hitting new lows 16.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1063.25; Change 18.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,790.50; Change 23.00
E-mini DOW $5 (YM) Mar 10: EOD 10,133; Change 166
Nikkei 225 (Yen) Mar 10: EOD 9,070; Change 235

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7853 to U.S. Dollars 1.2700
Japanese Yen 85.3450 to U.S. Dollars 0.0117
British Pound 0.6444 to U.S. Dollars 1.5500
Canadian Dollar 1.0531 to U.S. Dollars 0.9503
Swiss Franc 1.0293 to U.S. Dollars 0.9714

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 10) gain $1.81, EOD $75.17 per barrel ($US per barrel)
Heating Oil (September 10) gain $0.03, EOD $2.04 a gallon ($US per gallon)
Natural Gas (September 10) shed $0.16, EOD $3.65 per million BTU ($US per mmbtu.)
Unleaded Gas (September 10) gain $0.03 EOD $1.95 gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 10) gain $0.60, EOD $1,236.00 ($US per Troy ounce)
Silver (August 10) gain $0.06, EOD $19.04 ($US per Troy ounce)
Platinum (August 10) shed $2.90, EOD $1,537.00 ($US per Troy ounce)
Copper (August 10) gain $0.05, EOD $3.36 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 10) shed $0.97, EOD $74.82
Pork Bellies (February 10) unchanged, EOD $144.00
Live Cattle (August 10) shed $0.37, EOD $98.05
Feeder Cattle (September 10) unchanged, EOD $114.93

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) gain $4.50, EOD $421.00
Soybeans (September 10) gain $9.00, EOD $1,022.00

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