Daily Market Commentary for February 8, 2011
Peoples Bank of China
Investors focused on news from the Peoples Bank of China today as no economic data was released. (Read more at Millennium-Traders.Com)
Economic data released today:
Comments from Federal Reserve Bank of Richmond President Jeffrey Lacker:
Serious Re-Evaluation of Bond Purchases Needed; Sees US Economy Growing Close To 4% in 2011; Sees 2011 Inflation Around 1.5%-2%; U.S. Economic Outlook Has Improved Distinctly; Many Indicators Point to Better Jobs Market; Sees Robust Consumer Spending Growth; Hard To Say How Higher Commodity Prices Will Impact Inflation; Urges Phasing Out of Government Guarantees on Home Mortgage Debt.
Federal Reserve Bank of Atlanta President Dennis Lockhart:
Inflation Expectations are Still Well Anchored; Inflation Will Move Toward 2% by 2013; Fed Can Affect Cost of Living, Only Relative Price Changes; Fed Policy Can't Affect Individual Prices; Monetary Policy Affects Price Pressures Broadly; Inflation Issues Often Misunderstood; Unemployment Rate to Decline Slowly Over Coming Years; Labor Market Recovery Lagging Broader Economy; Recognizes 'Inflation Anxiety is Rising'; Watches All Price Changes, Most Interested in Broad Trends; Inflation, Properly Defined, Remains Tame; Recent Rise in Some Prices Not Sign Of Inflation Surge; Economic Conditions Improving, 2011 Growth Seeing Good Start.
U.S. NFIB January Small Business Index was 94.1 versus 92.6 in December.
U.S. ICSC/Goldman Sachs Chain Store Sales rose 2.2% in February 5 Week; U.S. ICSC/Goldman Sachs Chain Store Sales rose 2.5% on Year.
Redbook:
U.S. Retail Sales First Week February rose 1.7% versus January; U.S. Retail Sales First Week February rose 2.7% versus February Year-Ago; U.S. Retail Sales rose 2.7% Week End February 5 versus a Year Ago.
IBD/TIPP Economic Optimism:
U.S. February IBD/TIPP 6-Month Economic Outlook 53.0; U.S. February IBD/TIPP Economic Optimism Index 50.9 versus 51.9 in January.
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 71.52 points, EOD 12,233.15
NYSE (New York Stock Exchange) gain 43.11, EOD 8,379.75
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 11.76 points, EOD 2,795.75
S&P 500 (SPX) gain 5.28 points, EOD 1,324.33
BEL 20 (BEL20) gain 2.48 points, EOD 2,726.95
CAC 40 (CAC40) gain 17.47 points, EOD 4,108.27
FTSE100 (UKX100) gain 40.3 points, EOD 6,091.33
NIKKEI 225 (NIK/O) gain 43.94 points, EOD 10,635.98
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,863, declined stock prices 1,193, unchanged stock prices 109, stock prices hitting new highs 266 and stock prices hitting new lows 16. 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: MT gain 1.53, HOD 38.50, LOD 37.96, EOD 38.31; KND gain 5.20, HOD 25.48, LOD 23.04, EOD 24.68; CF gain 0.47, HOD 148.02, LOD 143.63, EOD 146.70; FAS gain 0.62, HOD 33.08, LOD 32.17, EOD 32.98; CME shed 2.46, HOD 304.60, LOD 299.66, EOD 301.22; CRM shed 0.54, HOD 137.87, LOD 134.73, EOD 136.36.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,550, declined stock prices 1,120, unchanged stock prices 115, stock prices hitting new highs 165 and stock prices hitting new lows 22. 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 shed 0.85, HOD 158.67, LOD 155.77, EOD 158.45; AAPL gain 3.35, HOD 355.52, LOD 352.15, EOD 355.23; FFIV shed 0.72, HOD 125.35, LOD 122.25, EOD 123.51; SNDK gain 1.98, HOD 50.15, LOD 48.26, EOD 49.78.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 281, declined stock prices 208, unchanged stock prices 32, stock prices hitting new highs 12 and stock prices hitting new lows 2.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1321.50; Change 5.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,360.75; Change 15.75
E-mini DOW $5 (YM) Mar 10: EOD 12,192; Change 84
Nikkei 225 (Yen) Mar 10: EOD 10,680; Change 35
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7334 to U.S. Dollars 1.36
Japanese Yen 82.3550 to U.S. Dollars 0.0121
British Pound 0.6221 to U.S. Dollars 1.6100
Canadian Dollar 0.9956 to U.S. Dollars 1.00
Swiss Franc 0.9626 to U.S. Dollars 1.04
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 11) shed $0.54, EOD $86.94 per barrel ($US per barrel)
Heating Oil (March 11) gain $0.06, EOD $2.77 a gallon ($US per gallon)
Natural Gas (March 11) shed $0.03, EOD $4.07 per million BTU ($US per mmbtu.)
Unleaded Gas (March 11) gain $0.04, EOD $2.50 gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 11) gain $15.90, EOD $1,364.10 ($US per Troy ounce)
Silver (March 11) gain $0.92, EOD $30.27 ($US per Troy ounce)
Platinum (April 11) gain $17.70, EOD $1,861.90 ($US per Troy ounce)
Copper (March 11) shed $0.00, EOD $4.57 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) shed $0.47, EOD $91.35
Pork Bellies (February 11) unchanged, EOD $113.00
Live Cattle (April 11) shed $0.55, EOD $111.20
Feeder Cattle (March 11) shed $0.35, EOD $124.23
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) shed $1.00, EOD $673.75
Soybeans (March 11) gain $9.75, EOD $1,434.25
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Peoples Bank of China
Investors focused on news from the Peoples Bank of China today as no economic data was released. (Read more at Millennium-Traders.Com)
Economic data released today:
Comments from Federal Reserve Bank of Richmond President Jeffrey Lacker:
Serious Re-Evaluation of Bond Purchases Needed; Sees US Economy Growing Close To 4% in 2011; Sees 2011 Inflation Around 1.5%-2%; U.S. Economic Outlook Has Improved Distinctly; Many Indicators Point to Better Jobs Market; Sees Robust Consumer Spending Growth; Hard To Say How Higher Commodity Prices Will Impact Inflation; Urges Phasing Out of Government Guarantees on Home Mortgage Debt.
Federal Reserve Bank of Atlanta President Dennis Lockhart:
Inflation Expectations are Still Well Anchored; Inflation Will Move Toward 2% by 2013; Fed Can Affect Cost of Living, Only Relative Price Changes; Fed Policy Can't Affect Individual Prices; Monetary Policy Affects Price Pressures Broadly; Inflation Issues Often Misunderstood; Unemployment Rate to Decline Slowly Over Coming Years; Labor Market Recovery Lagging Broader Economy; Recognizes 'Inflation Anxiety is Rising'; Watches All Price Changes, Most Interested in Broad Trends; Inflation, Properly Defined, Remains Tame; Recent Rise in Some Prices Not Sign Of Inflation Surge; Economic Conditions Improving, 2011 Growth Seeing Good Start.
U.S. NFIB January Small Business Index was 94.1 versus 92.6 in December.
U.S. ICSC/Goldman Sachs Chain Store Sales rose 2.2% in February 5 Week; U.S. ICSC/Goldman Sachs Chain Store Sales rose 2.5% on Year.
Redbook:
U.S. Retail Sales First Week February rose 1.7% versus January; U.S. Retail Sales First Week February rose 2.7% versus February Year-Ago; U.S. Retail Sales rose 2.7% Week End February 5 versus a Year Ago.
IBD/TIPP Economic Optimism:
U.S. February IBD/TIPP 6-Month Economic Outlook 53.0; U.S. February IBD/TIPP Economic Optimism Index 50.9 versus 51.9 in January.
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 71.52 points, EOD 12,233.15
NYSE (New York Stock Exchange) gain 43.11, EOD 8,379.75
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 11.76 points, EOD 2,795.75
S&P 500 (SPX) gain 5.28 points, EOD 1,324.33
BEL 20 (BEL20) gain 2.48 points, EOD 2,726.95
CAC 40 (CAC40) gain 17.47 points, EOD 4,108.27
FTSE100 (UKX100) gain 40.3 points, EOD 6,091.33
NIKKEI 225 (NIK/O) gain 43.94 points, EOD 10,635.98
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,863, declined stock prices 1,193, unchanged stock prices 109, stock prices hitting new highs 266 and stock prices hitting new lows 16. 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: MT gain 1.53, HOD 38.50, LOD 37.96, EOD 38.31; KND gain 5.20, HOD 25.48, LOD 23.04, EOD 24.68; CF gain 0.47, HOD 148.02, LOD 143.63, EOD 146.70; FAS gain 0.62, HOD 33.08, LOD 32.17, EOD 32.98; CME shed 2.46, HOD 304.60, LOD 299.66, EOD 301.22; CRM shed 0.54, HOD 137.87, LOD 134.73, EOD 136.36.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,550, declined stock prices 1,120, unchanged stock prices 115, stock prices hitting new highs 165 and stock prices hitting new lows 22. 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 shed 0.85, HOD 158.67, LOD 155.77, EOD 158.45; AAPL gain 3.35, HOD 355.52, LOD 352.15, EOD 355.23; FFIV shed 0.72, HOD 125.35, LOD 122.25, EOD 123.51; SNDK gain 1.98, HOD 50.15, LOD 48.26, EOD 49.78.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 281, declined stock prices 208, unchanged stock prices 32, stock prices hitting new highs 12 and stock prices hitting new lows 2.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1321.50; Change 5.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,360.75; Change 15.75
E-mini DOW $5 (YM) Mar 10: EOD 12,192; Change 84
Nikkei 225 (Yen) Mar 10: EOD 10,680; Change 35
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7334 to U.S. Dollars 1.36
Japanese Yen 82.3550 to U.S. Dollars 0.0121
British Pound 0.6221 to U.S. Dollars 1.6100
Canadian Dollar 0.9956 to U.S. Dollars 1.00
Swiss Franc 0.9626 to U.S. Dollars 1.04
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 11) shed $0.54, EOD $86.94 per barrel ($US per barrel)
Heating Oil (March 11) gain $0.06, EOD $2.77 a gallon ($US per gallon)
Natural Gas (March 11) shed $0.03, EOD $4.07 per million BTU ($US per mmbtu.)
Unleaded Gas (March 11) gain $0.04, EOD $2.50 gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 11) gain $15.90, EOD $1,364.10 ($US per Troy ounce)
Silver (March 11) gain $0.92, EOD $30.27 ($US per Troy ounce)
Platinum (April 11) gain $17.70, EOD $1,861.90 ($US per Troy ounce)
Copper (March 11) shed $0.00, EOD $4.57 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) shed $0.47, EOD $91.35
Pork Bellies (February 11) unchanged, EOD $113.00
Live Cattle (April 11) shed $0.55, EOD $111.20
Feeder Cattle (March 11) shed $0.35, EOD $124.23
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) shed $1.00, EOD $673.75
Soybeans (March 11) gain $9.75, EOD $1,434.25
Opt-in to our free Weekly Market News sent via email, first trading day of the week. Review market news and trading action for the week plus, see what is ahead for the upcoming trading week.
Detailed performance by service and date on our News & Commentary. Access our FREE Monthly Trading Lesson posted on our website.
One week free trial available to our Weekly Swing Trades service.
Follow us now on Twitter - Millennium Traders (MillenniumTrade) on Twitter
Thanks for reading
Millennium-Traders.Com
