Archive for the ‘Financial Services Committee’ Category
House Financial Services Committee
Daily Market Commentary for March 26, 2009
Treasury Secretary Geithner testified in front of the House Financial Services Committee again today reporting that the nation needs stronger regulatory oversight of the financial services industry. (read more at Millennium-Traders.Com)
http://www.millennium-traders.com/news/newscommentary.aspx
Economic data released today:
GDP:
U.S. 4Q GDP revised to a drop by 6.3% rate from drop by 6.2%; U.S. 4Q GDP Consensus fell 6.6%; U.S. 4Q Real Final Sales revised to a drop by 6.2% rate from a drop by 6.4%: U.S. 4Q PCE Price Index revised to a drop by 4.9% rate from a drop by 5.0%; U.S. 4Q Purchases Price Index revised to a drop by 3.9% rate from a drop by 4.1%; U.S. 4Q Chain-Weighted Price Index rose 0.5% unrevised from preliminary reading.
Jobless Claims:
U.S. Jobless Claims for week of March 21 rose 8K to 652K compared to survey of an increase by 9K; U.S. Continuing Claims for week of March 14 rose 122K to 5,560,000; U.S. Jobless Claims Revised for week of March 14 to 644K from 646K; U.S. Continuing Claims hit fresh record high.
Corporate Profits:
4Q Corporate Profits fell 28.4% versus drop by 3.2% in 3Q.
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 of 174.75 points to end the trading session at 7,924.56
NYSE (New York Stock Exchange) triple digit gain of 103.53 points to end the trading session at 5,230.53
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 58.05 points to end the trading session at 1,587
S&P 500 (SPX) gain of 18.98 points to end the trading session at 832.86
BEL 20 (BEL20) gain of 26.20 points to end the trading session at 1,783.16
CAC 40 (CAC40) loss of 1.38 points to end the trading session at 2,892.07
FTSE100 (UKX100) gain of 24.95 points to end the trading session at 3,925.20
NIKKEI 225 (NIK/O) triple digit gain of 156.34 points to end the trading session at 8,636.33
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,256, declined stock prices 443, unchanged stock prices 478, stock prices hitting new highs 11 and stock prices hitting new lows 4. 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: Best Buy Company (NYSE: BBY) stock price gained 4.21 points on the trading session, high on the trading session $39.25, low on the trading session $36.79, with a closing stock price at $37.67; GameStop (NYSE: GME) stock price shed 0.63 points on the trading session, high on the trading session $28.45, low on the trading session $25.79, with a closing stock price at $26.21; Denbury Resources (NYSE: DNR) stock price gained 0.02 points on the trading session, high on the trading session $17.52, low on the trading session $15.98, with a closing stock price at $16.25; Raytheon Company (NYSE: RTN) stock price gained 2.87 points on the trading session, high on the trading session $40.16, low on the trading session $38.20, with a closing stock price at $40.10; Red Hat (NYSE: RHT) stock price gained 2.00 points on the trading session, high on the trading session $17.80, low on the trading session $16.40, with a closing stock price at $17.60; Conagra Foods (NYSE: CAG) stock price added 1.43 points on the trading session, high on the trading session $17.06, low on the trading session $15.91, with a closing stock price at $16.99; Nucor (NYSE: NUE) stock price gained 2.01 points on the trading session, high on the trading session $41.45, low on the trading session $39.78, with a closing stock price at $41.09; Boston Properties (NYSE: BXP) stock price gained 0.78 points on the trading session, high on the trading session $38.48, low on the trading session $34.80, with a closing stock price at $37.56; Union Pacific (NYSE: UNP) stock price gained 3.53 points on the trading session, high on the trading session $44.63, low on the trading session $41.01, with a closing stock price at $44.48; ProShares Ultrashort Real Estate (NYSE: SRS) stock price shed 3.10 points on the trading session, high on the trading session $57.50, low on the trading session $50.00, with a closing stock price at $50.38; Devon Energy (NYSE: DVN) stock price shed 1.03 points on the trading session, high on the trading session $51.30, low on the trading session $47.54, with a closing stock price at $48.42; ProShares Ultrashort Financials (NYSE: SKF) stock price shed 2.79 points on the trading session, high on the trading session $97.24, low on the trading session $89.27, with a closing stock price at $90.36; CME Group (NYSE: CME) stock price gained 6.08 points on the trading session, high on the trading session $258.00, low on the trading session $247.40, with a closing stock price at $255.35; Rio Tinto plc (NYSE: RTP) stock price gained 10.73 points on the trading session, high on the trading session $139.86, low on the trading session $134.71, with a closing stock price at $139.22.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,265, declined stock prices 535, unchanged stock prices 120, stock prices hitting new highs 24 and stock prices hitting new lows 16. 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: Citi Trends (NasdaqGS: CTRN) stock price gained 4.50 points on the trading session, high on the trading session $22.85, low on the trading session $18.82, with a closing stock price at $20.38; First Solar (NasdaqGS: FSLR) stock price gained 16.01 points on the trading session, high on the trading session $158.49, low on the trading session $135.65, with a closing stock price at $150.00; Baidu.com (NasdaqGS: BIDU) stock price gained 2.70 points on the trading session, high on the trading session $192.26, low on the trading session $185.10, with a closing stock price at $186.50.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 358, declined stock prices 163, unchanged stock prices 106, stock prices hitting new highs 3 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) June 09: End of trading session price 827.25; Change for the trading session 19
E-mini NASDAQ-100 (NQ) June 09: End of trading session price 1,273.50; Change for the trading session 40
E-mini DOW $5 (YM) June 09: End of trading session price 7,846; Change for the trading session 166
E-mini S&P MidCap 400 (MF) June 09: End of trading session price 509.40; Change for the trading session 20.80
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7404 to U.S. Dollars 1.3506
Japanese Yen 98.78 to U.S. Dollars 0.0101
British Pound 0.6930 to U.S. Dollars 1.4431
Canadian Dollar 1.2289 to U.S. Dollars 0.8137
Swiss Franc 1.1283 to U.S. Dollars 0.8863
COMMODITY MARKETS:
Energy Sector – Nymex:
Light Crude (May 09) gained $1.57 on the trading session for a closing price of $54.34 per barrel ($US per barrel)
Heating Oil (May 09) gained $0.01 on the trading session for a closing price of $1
.49 a gallon ($US per gallon)
Natural Gas (May 09) shed $0.38 on the trading session for a closing price of $4.03 per million BTU ($US per mmbtu.)
Unleaded Gas (April 09) gained $0.04 on the trading session for a closing price of $1.53 a gallon ($US per gallon)
Metals Markets – Comex:
Gold (April 09) gained $4.20 on the trading session for a closing price of $942.20 ($US per Troy ounce)
Silver (May 09) gained $0.18 on the trading session for a closing price of $13.62 ($US per Troy ounce)
Platinum (July 09) gained $26.90 on the trading session for a closing price of $1,155 ($US per Troy ounce)
Copper (May 09) gained $0.05 on the trading session for a closing price of $1.86 ($US per pound)
Livestock and Meat Markets – Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) shed 0.95 on the trading session for a closing price of 71.78
Pork Bellies (May 09) shed 3.00 on the trading session for a closing price of 85.00
Live Cattle (June 09) shed 0.63 on the trading session for a closing price of 81.85
Feeder Cattle (May 09) shed 0.43 on the trading session for a closing price of 94.95
Other Commodities – Chicago Board of Trade (cents per bushel):
Corn (May 09) gained 5.00 on the trading session for a closing price of 390.75
Soybeans (May 09) shed 16.00 on the trading session for a closing price of 944.00
BOND MARKET:
2 year Bond Closing price 99 30/32, change 3/32, Yield 0.90, Yield change -0.01
5 year Bond closing price of 99 25/32, change -16/32, Yield 1.79, Yield change -0.02
10 year Bond closing price 100 2/32, change 14/32, Yield 2.74, Yield change -0.05
30 year Bond closing price 97 8/32, change 1 19/32, Yield 3.65, Yield change -0.09
Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com
Learn More About Financial Services
Through vastly encompassing and common method financial services are explained as any service, line of work, association or office that administers finance or aids, various lines of work, companies, corporations, non-earning or private persons that handles or puts in their finances. This can consist of different types of monetary assistance banks, insurance corporations, credit concern, mortgage business, investment agents and associations on the home front, nationwide or globally.
Normally anybody can get into financial services to have an appreciation of how most utilize their finances by employing one of the various financial services open in many districts. A lot of individuals see banks as the primary source of data about financial services, but other organizations such as investment corporations, stockbroker companies and even specific venture business that perform only as consultant mode consortium may likewise be a model choice depending on your monetary standing, your credit reputation and record, and how big an outlay you want to partake. All categories of financial handlings may also comprise in this title including credit supervision services, credit coverage and credit merger and administration of debt groups and conglomerates.
Asset administration is a main factor of most financial handlings. Asset administration entails exploiting the prospective income of assets stock market dealing, money market or international market. This practice, relying on the stage and category of venture may be moderately safe or may be exceedingly risky, so the dealers in the monetary business can make recommendations and give a list on the expected income and dangers of the deal. Utilizing any category of financial or business service does have perils, but with calculated choices of business or investments and a good perception of market states, a lot of earnings can be done. The top seven asset administration monetary handlings are in the United States.
The entire monetary handlings in the United States must adhere to procedures and rules established by the House Financial Services Committee of the US government. Such procedures and rules are done to aid in protecting investors and guarantee that all financial handlings are completed within the bounds of law and ethics. Some of the Acts and laws that the House Financial Committee administers are the US Housing Act, The Truth in Lending Act, Fair Credit Reporting Act and the Federal Reserve Bank and Federal Deposit Insurance Corporation. The Committee likewise examines international businesses and ventures within the United States from alien businessmen. This cautious checking and re-evaluation aids monetary services have an excellent, most safe and reasonable prospects for venture on any range.
House Financial Services Committee
Daily Market Commentary for February 11, 2009 from Millennium-Traders.Com
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. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx
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
Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com