USRant for Wednesday, March 10th 2010
The following economic data was released during the session:
- MBA Mortgage Applications for Mar 5 was released in the US; the outcome was 0.5% falling 14.1 from the prior reading of 14.6%,
- EIA Crude Oil Stocks change for Mar 5 was released in the US; the outcome was 1.4M dropping 2.7 from the prior reading of 4.1M, – less than the market’s pre-release guess of 2.1M.
- Wholesale Inventories for Jan was released in the US; the result was -0.2% rising 0.8 from the prior reading of -1.0%, – less than the market’s pre-release guess of 0.2%.
Headline Indices
The Dow Jones Industrial Average gained +2.95 points (0.03%) to 10567.33 points. The index high for the day was 10601.79, while the low was 10526.52.
Total volume traded in the 30 components of the index was 2.02bn shares. Advancers outpaced decliners by 1.2 to one, with 16 advancers to 13 decliners. Advancing volume exceeded declining volume by 1.8bn to 222.24m shares. The biggest gainers (percentage-wise) were –- AIG (AIG) +3.47 (10.6%) to $36.24 on volume of 70.23m shares;
- Citigroup (C) +0.14 (3.7%) to $3.96 on volume of 1203.48m shares;
- Boeing (BA) +2.22 (3.3%) to $70.01 on volume of 10.61m shares;
- Bank Of America (BAC) +0.31 (1.8%) to $17.11 on volume of 221.81m shares; and
- JPMorganChase (JPM) +0.51 (1.2%) to $42.93 on volume of 40.73m shares.
OzRant for Wednesday, March 10th 2010
All Ords up modestly, adding 0.01%; volume above average and breadth favours the gainers by 1.2:1: sector indices mixed. The NZSE50 closed with a gain of 0.4% for the day. In Japan, the Nikkei225 has added 0.1% so far; Hong Kong’s Hang Seng is showing a 0% gain.The KOSPI has added 0.1% for the session thus far.
USRant for Tuesday, March 9th 2010
There was no economic data of note released in the region today.
Headline Indices
The Dow Jones Industrial Average added +11.86 points (0.11%) to 10564.38 points. The index high for the day was 10612.60, while the low was 10533.93.
Total volume traded in the 30 components of the index was 1.89bn shares. Advancers outpaced decliners by 1.4 to one, with 17 advancers to 12 decliners. Advancing volume exceeded declining volume by 1.68bn to 210.93m shares. The biggest gainers (percentage-wise) were –- AIG (AIG) +3.67 (12.6%) to $32.77 on volume of 57.46m shares;
- Citigroup (C) +0.26 (7.3%) to $3.82 on volume of 1089.22m shares;
- United Technologies (UTX) +1.02 (1.4%) to $71.78 on volume of 5.53m shares;
- General Electric (GE) +0.22 (1.4%) to $16.49 on volume of 82.72m shares; and
- AT&T (T) +0.28 (1.1%) to $25.56 on volume of 42.94m shares.
OzRant for Tuesday, March 9th 2010
All Ords up modestly, adding 0.20%; volume above average and breadth favours the gainers by 1.2:1: sector indices mixed. The NZSE50 closed down 0.3 for the day.In Japan, the Nikkei225 is currently trading down 0.1% for the session; Hong Kong’s Hang Seng is showing a 0.2% gain.The KOSPI has lost 0.1% so far today.
USRant for Monday, March 8th 2010
The following economic data was released during the session:
- Housing Starts s.a y/y for Feb was released in Canada; the series posted a reading of 196.7K advancing 11.7 from the prior reading of 185.0K, – above the market’s pre-release guess of 189.0K.
Headline Indices
The Dow Jones Industrial Average slid 13.68 points (0.13%) to 10552.52 points. The index high for the day was 10587.74, while the low was 10542.39.
Total volume traded in the 30 components of the index was 1.04bn shares. Decliners outpaced gainers by 1.2 to one, with 16 decliners to 13 advancers; however advancing volume exceeded declining volume by 757.75m shares to 283.79m. The main decliners (in percentage terms) were –- 3M Co (MMM) -1.13 (1.4%) to $81.31 on volume of 3.63m shares;
- American Express (AXP) -0.49 (1.2%) to $39.71 on volume of 7.8m shares;
- Boeing (BA) -0.69 (1%) to $67.24 on volume of 5.07m shares;
- Procter & Gamble (PG) -0.5 (0.8%) to $63.19 on volume of 10.74m shares; and
- Pfizer (PFE) -0.13 (0.7%) to $17.35 on volume of 46.3m shares.