Daily Market Commentary for November 20, 2009
Bear Market
Stocks opened lower today extending the two-day bear market; investors focused their attention towards the technology sector, they showed concern when Dell, the third largest PC maker reported disappointing earnings. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarynovember2009.aspx
Economic data released today: N/A
At the NYSE closing bell on the New York Stock Exchange, here is how…
Daily Market Commentary for November 19, 2009
FAA
Airline stocks were falling today due to current delays caused by malfunctions from the FAA system that collects flight plans. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarynovember1909.aspx
Economic data released today:
Initial Jobless Claims:
U.S. Continuing Claims for week of November 7 fell 39K to 5,611,000; U.S. Jobless Claims Revised for week of November 7 to 505K from 502K; U.S. …
Daily Market Commentary for November 16, 2009
GM
GM reported an overall loss for the third-quarter but is staying optimistic about the future of the company; they said they will start to repay some of the money the government loaned them. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarynovember1609.aspx
Economic data released today:
Retail Sales:
U.S. October Retail & Food Sales rose 1.4%; compared to consensus of an increase by 0.9%; U.…
Daily Market Commentary for November 13, 2009
Trade Deficit
Stocks rose slightly today as the Commerce department reported a larger-than-expected increase in the trade deficit, topping analysts’ expectations. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarynovember1309.aspx
Economic data released today:
Trade Balance:
U.S. September Trade Deficit $36.5B; compared to consensus of a deficit of $32.0B; August Trade Balance Revised to Defi…
Daily Market Commentary for November 12, 2009
Wal-Mart
Retail giant Wal-Mart reported its earnings for the third-quarter rose by over 3%, however the company issued disappointing forecasts for the 4Q. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarynovember1209.aspx
Economic data released today:
MBA [Mortgage Bankers Association] Mortgage Applications:
U.S. MBA Market Index rose 3.2% at 627.5; last week 608.3; U.S. MBA Purchase Index fel…
Daily Market Commentary for November 10, 2009
Dow Jones
Stocks slowly rose today after Monday's rallies; in yesterday’s trading session the Dow Jones climbed over 200 points to record highs of 2009. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarynovember1009.aspx
Economic data released today:
IBD/TIPP Economic Optimism:
U.S. November IBD/TIPP 6-Month Economic Outlook 49.2; U.S. November IBD/TIPP Economic Optimism Index 47.9 versus Oct…
Daily Market Commentary for November 9, 2009
McDonalds
McDonald's latest report on third quarter earnings prove the recession hasn't hurt the world's largest fast food chain. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarynovember909.aspx
Economic data released today:
IBD/TIPP Economic Optimism:
U.S. Conference Board October Employment Trends Index rose 0.7% to 89.3; September Employment Trends Index 88.7; Revised from 88.5.
At the N…
Daily Market Commentary for November 6, 2009
Unemployment Rises
Investors didn't let bad news take the wind out of their sails, as unemployment rises investors focused their attention towards gold's advance to an all-time high. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarynovember609.aspx
Economic data released today:
Nonfarm Payrolls:
U.S. October Nonfarm Payrolls fell 190K; compared to consensus of a decrease by 175K; U.S. October M…
Daily Market Commentary for November 5, 2009
IMS Health
IMS Health Inc., a health care data company, announced Thursday that TPG Capital and CPP Investment Board would be purchasing the company for $4 billon. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarynovember509.aspx
Economic data released today:
Nonfarm Productivity:
U.S. 3Q Non-Farm Productivity rose 9.5%; compared to consensus of an increase by 7.0%.
Unit Labor Costs:
U.S. 3…
Daily Market Commentary for November 4, 2009
Time Warner
Time Warner Inc. reported Wednesday that earnings fell 38% in the third-quarter; however the company beat Wall Street’s expectations and raised its full year earnings forecast. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarynovember409.aspx
Economic data released today:
MBA [Mortgage Bankers Association] Mortgage Applications:
U.S. MBA Market Index rose 8.2% at 608.3 compared to…
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