Control of the markets switched hands today with the Bulls firmly in control, holding the major indices in the green zone, through out the day. Trading volume was light to moderate and trading ranges were firm, accompanied by the occasional whip for the day trader and investor, due to the tight ranges. We are deep in the middle of the major snow storm we have been warned about over past few days. Many businesses have closed and it’s likely, we will see many flight delays and/or cancellations. At the end of the trading day, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) moved nicely higher by 102.30 points to end the session at 12654.85; the NYSE (New York Stock Exchange) moved higher by 93.03 points to end at 9351.03; the NASDAQ moved higher by 9.50 points to close at 2459.88; the S&P 500 moved higher by 10.89 points to end at 1444.26 and the RUSSELL 2000 moved higher by 6.74 points to close at 812.53. The FTSE All-World Index ex-US (top Large/Mid Cap aggregate from over 2,700 stocks from the FTSE Global Equity Index Series (GEIS) which covers 90% of the worlds investable market capitalization) moved higher by 1.87 to close at 244.17 and the FTSE RAFI 1000 moved higher by 47.92 points to close at 6081.84.
Interesting facts about the NASDAQ Composite Index record: on February 5, 1971 actual closing value was 100; on July 17, 1995 actual closing value was 1005.89; on July 16, 1998 actual closing value was 2000.56 and on March 9, 2000 actual closing value was 5046.86.
Interesting facts about the NYSE: average daily volume (at million shares) in 1960 was 3, 1,143 companies listed, the Seat Price was at $162,000; in 1987 average daily volume (at million shares) was 189, 1,647 companies listed, Seat Price $1,150,000 and in 2005 average daily volume (at million shares) 1,602, 2,767 companies listed, Seat Price was $3,550.00.
Economic data released for the day:
ICSC-UBS Store Sales: Weekly measure of comparable store sales at major retail chains which is related to the general merchandise portion of retail sales, as reported by the International Council of Shopping Centers. This date accounts for approximately 10% of total retail sales. ICSC-UBS Chain Store Sales were down by 0.8% for the week of February 10th.
International Trade: Details of International trade measures the difference between imports and exports of tangible goods and services. As Imports may apply a draw on the economy, they also increase competitive pressure among domestic producers while Exports give a boost to domestic production. U.S. December Trade Deficit was $61.18 Billion compared to consensus of $59.5 Billion; November Trade Gap was revised to $58.12 Billion from $58.23 Billion and December Exports came in at $125.54 Billion with an increase of 0.6% and Imports came in at $186.72 Billion rose by +2.1%.
Redbook: General merchandise portion of retail sales covering only approximately 10% of total retail sales, this data is a weekly measure of sales at department stores, chain stores and discounters.
U.S. Retail Sales were down by 1.4% for the first week in February.
On the commodities markets, the trend was mostly higher across the board today for the Energy sector: Light crude moved higher by $1.14 to close at $58.95 a barrel; Heating Oil closed higher today by $0.05 to end at $1.69 a gallon; Natural Gas moved higher by $0.11 to end the day at $7.44 per million BTU and Unleaded Gas closed higher by $0.06 again today to end the session at $1.61 a gallon.
Metals Market ended the session higher across the board today: Gold moved higher by $1.20 to close at $668.50 an ounce; Silver closed higher today by $0.20 for a closing price of $13.92 an ounce; Platinum moved nicely higher today by $14.70 to close at $1,206.00 an ounce and Copper ended the day higher by $0.11 to close at $2.58 per pound.
On the Livestock and Meat Markets, the trend was mixed across the board today: Lean Hogs closed lower by 0.25 to close at 67.28; Pork Bellies closed the day higher by 0.55 to close at 106.58; Live Cattle closed higher by 1.08 to end the day at 96.35 and Feeder Cattle ended the day higher by 1.23 to close at 100.73.
Other Commodities: Corn moved closed higher today by 4.50 points to end at 403.00 and Soybeans moved nicely higher by 9.75 to close at 755.00.
The end of day results for the CBOT (Chicago Board of Trade) which is comprised of the total Exchange Volume for Futures and Options (EVFO) including Electronic, Open Auction and Cash Exchange ended the day at 2,433,329. Open Interest for Futures moved higher by 59,121 to close at 9,324,317 and the Open Interest for Options moved higher by 22,835 to close at 8,087,470 for a total Open Interest of 17,413,021 for a total gain on the day by 81,914.
Bonds were mostly lower across the board today: 2 year bond closed with no change at 99 28/32; 5 year bond closed lower by 4/32 at 99 24/32; 10 year bond closed lower by 1/32 at 98 17/32 and the 30 year bond closed lower by 6/32 at 97 21/32.
The mini Dow ended the session with a very nice gain today of 98 to close at 12682. The total Dow Exchange Volume for the day came in at 85,348 which are comprised of Electronic, Open Auction and Cash Exchange. Traders should review workshops available at the CBOT (Chicago Board of Trade) Educational in-person seminars schedules available on CBOT (Chicago Board of Trade) website.
New York Stock Exchange movers for the day: Chicago Mercantile Exchange Holdings (CME) bounced back to gain 8.00 points to close at $572.00; Rio Tinto plc (RTP) gained 6.56 points to close at $216.99; Intercontinental Exchange Incorporated (ICE) moved higher by 7.29 points to end at $150.86; HDFC Bank Limited (HDB) fell by 4.53 points to end the day at $71.25 and Hutchison Telecom International Limited (HTX) fell by 3.19 points to end the session at $31.60.
On the NASDAQ today, advancers came in at 1,813; decliners totaled 1,192; unchanged came in at 170; new highs came in at 345 and new lows came in at 29. Gainers and losers for the day on the NASDAQ: Priceline.com Incorporated (PCLN) rallied higher by 4.89 points to tack on a gain of 10.06% to close at $50.82; Focus Media Holding Limited (FMCN) fell sharply by 3.12 points to close at $81.80; NASDAQ Stock Market Incorporated (NDAQ) moved lower by 11.51% for a loss of 4.04 points to end at $31.06 on the day; Hansen Natural Corporation (HANS) fell by 4.03 points for a closing prices at $37.88 and Cephalon Incorporated (CEPH) moved higher by 3.39 points to end the day at $75.84.
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