Economy

[MTnews]

Daily Market Commentary for August 27, 2009

Economy

Reports released by the Commerce Department this morning show that the economy is shrinking at a slower pace than expected in the second quarter. (read more at )

Economic data released today:

GDP:
U.S. 2Q GDP unchanged at -1.0%; U.S. 2Q GDP Consensus fell 1.5%; 2Q Real Final Sales revised to a rise by 0.4% rate from a drop by 0.2%; 2Q PCE Price Index unchanged at +1.3%; 2Q Purchases Price Index revised to a rise by 0.5% rate from a rise by 0.7%; 2Q Chain-Weighted Price Index revised to unchanged % rate from a rise by+0.2%; 2Q Corporate Profits rose 7.5% versus +16.6% in 1Q.

Initial Jobless Claims:
U.S. Jobless Claims fell 10K to 570K in week ending August 22 compared to survey of a drop by 11K; U.S. Continuing Claims for week of August 15 fell 119K to 6,133,000; U.S. Jobless Claims for week of August 15 Revised to 580K from 576K.

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 37.11 points, EOD 9,580.63
NYSE (New York Stock Exchange) gain 34.17, EOD 6,722.11
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 3.3 points, EOD 2,027.73
S&P 500 (SPX) gain 2.86 points, EOD 1,030.98
BEL 20 (BEL20) shed 24.3 points, EOD 2,375.85
CAC 40 (CAC40) shed 19.81 points, EOD 3,648.53
FTSE100 (UKX100) shed 21.23 points, EOD 4,869.35
NIKKEI 225 (NIK/O) shed 165.74 points, EOD 10,473.97

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,653 declined stock prices 1,400, unchanged stock prices 108, stock prices hitting new highs 71 and stock prices hitting new lows 3. 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: AIG gain 10.15, HOD 50.04, LOD 39.25, EOD 47.84; JAS gain 2.19, HOD 29.15, LOD 27.02, EOD 27.84; FAS gain 2.12, HOD 80.26, LOD 75.08, EOD 79.77; CME gain 1.65, HOD 280.00, LOD 272.40, EOD 277.90; OSK gain 6.65, HOD 34.30, LOD 28.62, EOD 34.20; PCP gain 8.20, HOD 95.83, LOD 91.01, EOD 94.97; WLT shed 2.39, HOD 58.00, LOD 53.21, EOD 55.24; MBI gain 0.98, HOD 6.75, LOD 5.31, EOD 6.58; POT shed 0.90, HOD 93.66, LOD 91.40, EOD 92.62; ATI gain 2.38, HOD 31.25, LOD 28.53, EOD 30.87; GES gain 3.47, HOD 35.89, LOD 33.33, EOD 35.62.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,299, declined stock prices 1,393, unchanged stock prices 150, stock prices hitting new highs 51 and stock prices hitting new lows 9. 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: SIGM shed 2.47, HOD 15.21, LOD 14.33, EOD 14.65; IMMU gain 2.58, HOD 7.16, LOD 5.97, EOD 6.84; FSLR shed 0.87, HOD 125.88, LOD 122.18, EOD 125.88; ALKS shed 0.82, HOD 9.99, LOD 8.98, EOD 9.55; BIDU shed 3.62, HOD 344.90, LOD 335.27, EOD 340.10; PCLN gain 5.25, HOD 156.42, LOD 149.00, EOD 156.36.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 269, declined stock prices 250, unchanged stock prices 54, stock prices hitting new highs 11 and stock prices hitting new lows 1.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 1029.75; Change 3.00
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,639.50; Change 3.00
E-mini DOW $5 (YM) Sept 09: EOD 9,565; Change 39
E-mini S&P MidCap 400 (MF) Sept 09: EOD 661.50; Change 2.50
Nikkei 225 (Yen) Sept 09: EOD 10,565; Change -50

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6961 to U.S. Dollars 1.4366
Japanese Yen 93.3700 to U.S. Dollars 0.0107
British Pound 0.6140 to U.S. Dollars 1.6286
Canadian Dollar 1.0847 to U.S. Dollars 0.9219
Swiss Franc 1.0576 to U.S. Dollars 0.9455

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 09) gain $1.06, EOD $72.49 per barrel ($US per barrel)
Heating Oil (October 09) gain $0.01, EOD $1.89 a gallon ($US per gallon)
Natural Gas (October 09) shed $0.09, EOD $3.21 per million BTU ($US per mmbtu.)
Unleaded Gas (September 09) gain $0.05, EOD $2.03 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $1.50, EOD $947.30 ($US per Troy ounce)
Silver (December 09) shed $0.04, EOD $14.25 ($US per Troy ounce)
Platinum (October 09) gain $2.10, EOD $1,240.50 ($US per Troy ounce)
Copper (December 09) shed $0.01, EOD $2.87 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) gain $0.85, EOD $47.90
Pork Bellies (February 10) shed $0.65, EOD $75.80
Live Cattle (October 09) gain $0.20, EOD $87.58
Feeder Cattle (October 09) shed $0.50, EOD $98.95

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $3.00, EOD $329.25
Soybeans (November 09) shed $0.50, EOD $996.00

BOND MARKET:
2 year EOD 99 28/32, change 0, Yield 1.05, Yield change 0.00
5 year EOD 99 14/32, change -0.20/32, Yield 2.49, Yield change 0.05
10 year EOD 101 10/32, change -9/32, Yield 3.46, Yield change 0.03
30 year EOD 104 18/32, change -19/32, Yield 4.23, change 0.04

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