House Financial Services Committee

[MTnews]

Daily Market Commentary for February 11, 2009 from

CEO's from several of the largest banks testified before House Financial Services Committee today, trying to explain what they have used their TARP funds for. ()

Economic data released today:

International Trade:
U.S. December Trade Deficit $39.93B compared to consensus Deficit $35.0B; U.S. November Trade Balance Revised to Deficit of $41.58B from Deficit $40.44B; U.S. December Exports $133.80B, down 6.0%; U.S. December Imports $173.73B, down 5.5%.

EIA Energy Information Administration Petroleum Status Report as reported from the Department of Energy:
U.S. Crude Oil Stockpiles rose by 4.717 Million Barrels At 350.768 Million Barrels; U.S. Gasoline Stockpiles fell by 2.662 Million Barrels at 217.559 Million Barrels; U.S. Distillate Stockpiles fell by 1.026 Million Barrels at 141.565 Million Barrels; U.S. Refineries ran at capacity of 81.6% versus 83.5% a week Ago; U.S. Crude Oil Stockpiles rose by 4.7 Million Barrels in the week compared to expectations of an increase by 3 Million Barrels; U.S. Gasoline Stockpiles fell by 2.7 Million Barrels in the week compared to expectations of an increase by 400,000 Barrels; U.S. Distillate Stockpiles fell by 1 Million Barrels in the week compared to expectations of a drop by 1.5 Million Barrels; U.S. Refineries ran at capacity of 81.6% compared to expectations of a drop by 0.3 Points at 83.2%.

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 of 50.65 points to end the trading session at 7,939.53
NYSE (New York Stock Exchange) gain of 37.97 points to end the trading session at 5,252.68
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 5.77 points to end the trading session at 1,530.50
S&P 500 (SPX) gain of 6.58 points to end the trading session at 833.74
BEL 20 (BEL20) loss of 0.24 points to end the trading session at 1,884.02
CAC 40 (CAC40) gain of 6.97 points to end the trading session at 3,027.72
FTSE100 (UKX100) gain of 21.18 points to end the trading session at 4,234.26
NIKKEI 225 (NIK/O) loss of 23.09 points at the end the trading session at 7,945.94

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,712, declined stock prices 1,363, unchanged stock prices 116, stock prices hitting new highs 4 and stock prices hitting new lows 68. 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: SunTrust Banks Incorporated (NYSE: STI) stock price gained 1.14 points on the trading session, high on the trading session $10.58, low on the trading session $9.30, with a closing stock price at $10.20; ProShares Ultrashort Real Estate (NYSE: SRS) stock price shed 2.30 points on the trading session, high on the trading session $66.09, low on the trading session $59.80, with a closing stock price at $60.30; Computer Sciences Corporation (NYSE: CSC) stock price gained 1.47 points on the trading session, high on the trading session $40.68, low on the trading session $39.06, with a closing stock price at $40.29; Morgan Stanley (NYSE: MS) stock price gained 2.04 points on the trading session, high on the trading session $23.05, low on the trading session $21.06, with a closing stock price at $22.83.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,497, declined stock prices 1,217, unchanged stock prices 165, stock prices hitting new highs 6 and stock prices hitting new lows 103. 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: Research In Motion Limited (NasdaqGS: RIMM) stock price shed 8.49 points on the trading session, high on the trading session $51.00, low on the trading session $46.35 with a closing stock price at $48.55; First Solar Incorporated (NasdaqGS: FSLR) stock price gained 1.63 points on the trading session, high on the trading session $149.80, low on the trading session $140.63 with a closing stock price at $146.86.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 279, declined stock prices 251, unchanged stock prices 70, stock prices hitting new highs 4 and stock prices hitting new lows 9.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 09: End of trading session price 830.50; Change for the trading session 4.00
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,227.75; Change for the trading session -9.25
E-mini DOW $5 (YM) Mar 09: End of trading session price 7,887; Change for the trading session 18
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 504.70; Change for the trading session 0.10
E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 7,770; Change for the trading session 5

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7754 to U.S. Dollars 1.2896
Japanese Yen 90.440 to U.S. Dollars 0.0111
British Pound 0.6951 to U.S. Dollars 1.4386
Canadian Dollar 1.2412 to U.S. Dollars 0.8057
Swiss Franc 1.1586 to U.S. Dollars 0.8631

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (March 09) shed $1.61 on the trading session for a closing price of $35.94 per barrel ($US per barrel)
Heating Oil (March 09) gained $0.02 on the trading session for a closing price of $1.32 a gallon ($US per gallon)
Natural Gas (March 09) shed $0.01 on the trading session for a closing price of $4.57 per million BTU ($US per mmbtu.)
Unleaded Gas (March 09) gained $0.03 on the trading session for a closing price of $1.27 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 09) gained $30.30 on the trading session for a closing price of $944.50 ($US per Troy ounce)
Silver (March 09) gained $0.39 on the trading session for a closing price of $13.52 ($US per Troy ounce)
Platinum (April 09) gained $45.80 on the trading session for a closing price of $1,074.40 ($US per Troy ounce)
Copper (March 09) shed $0.04 on the trading session for a closing price of $1.54 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 09) shed 0.03 on the trading session for a closing price of 62.28
Pork Bellies (March 09) shed 0.98 on the trading session for a closing price of 80.98
Live Cattle (April 09) shed 0.45 on the trading session for a closing price of 87.60
Feeder Cattle (March 09) shed 0.30 on the trading session for a closing price of 95.40

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) shed 8.25 on the trading session for a closing price of 368.50
Soybeans (March 09) shed 16.00 on the trading session for a closing price of 978.00

BOND MARKET:

2 year Bond Closing price 99 30/32, change 0, Yield 0.89, Yield change 0.00
5 year Bond closing price of 99 31/32, change 0, Yield 1.75, Yield change 0.00
10 year Bond closing price 108 6/32, change 10/32, Yield 2.78, Yield change -0.03
30 year Bond closing price 119 11/32, change 1, Yield 3.44, Yield change -0.05

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