USRant for Thursday, March 11th 2010
The following economic data was released during the session:
- Capacity Utilization for 4Q was released in Canada; the outcome was 70.9% advancing 3.4 from the prior reading of 67.5%, – above the market’s pre-release guess of 70.1%.
- International Merchandise Trade for Jan was released in Canada; the outcome was $0.799B losing 0 from the prior reading of $0.075B, – less than the market’s pre-release guess of $0.300B.
- New Housing Price Index m/m for Jan was released in Canada; the series posted a reading of 0.4% dropping 0 from the prior reading of 0.4%, – less than the market’s pre-release guess of 0.5%.
- Continuing Jobless Claims for Feb 27 was released in the US; the result was 4558K a gain of 37 from the prior reading of 4521K, – above the market’s pre-release guess of 4500K.
- Initial Jobless Claims for Mar 6 was released in the US; the result was 462K a drop of 6 from the prior reading of 468K, – above expectations of 455K.
- Trade Balance for Jan was released in the US; the outcome was -$37.29B falling 0 from the prior reading of -$39.90B, – less than the consensus estimate of -$40.80B.
Headline Indices
The Dow Jones Industrial Average advanced +44.51 points (0.42%) to 10611.84 points. The index high for the day was 10611.84, while the low was 10507.17.
Total volume traded in the 30 components of the index was 1.82bn shares. Advancers outpaced decliners by 4.6 to one, with 23 advancers to 5 decliners. Advancing volume exceeded declining volume by 1.67bn to 133.67m shares. The biggest gainers (percentage-wise) were –- Citigroup (C) +0.22 (5.6%) to $4.18 on volume of 1177.08m shares;
- Merck (MRK) +0.59 (1.6%) to $36.88 on volume of 15.19m shares;
- IBM (IBM) +1.98 (1.6%) to $127.6 on volume of 7.48m shares;
- Disney Corp (DIS) +0.48 (1.4%) to $33.81 on volume of 11.33m shares; and
- Home Depot (HD) +0.42 (1.3%) to $32.13 on volume of 14.63m shares.
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.
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.
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.
USRant for Friday, March 5th 2010
The following economic data was released during the session:
- Nonfarm Payrolls for Feb was released in the US; the outcome was -36K a drop of 10 from the prior reading of -26K, – less than the market’s pre-release guess of -30K.
- Average Hourly Earnings m/m for Feb was released in the US; the series posted a reading of 0.1% dropping 0.1 from the prior reading of 0.2%, – less than the consensus estimate of 0.2%.
- Average Hourly Earnings y/y for Feb was released in the US; the series posted a reading of 1.9% a drop of 0 from the prior reading of 1.9%, – less than expectations of 2.2%.
- Average Weekly Hours for Feb was released in the US; the outcome was 33.1 dropping 0.2 from the prior reading of 33.3, – less than the consensus estimate of 33.7.
- Unemployment Rate for Feb was released in the US; the outcome was 9.7% dropping 0 from the prior reading of 9.7%, – less than expectations of 9.8%.
Headline Indices
The Dow Jones Industrial Average rose +122.06 points (1.17%) to 10566.20 points. The index high for the day was 10571.94, while the low was 10445.05.
Total volume traded in the 30 components of the index was 1.05bn shares. Advancers outpaced decliners by 13.5 to one, with 27 advancers to 2 decliners. Advancing volume exceeded declining volume by 972.25m to 73.5m shares. The biggest gainers (percentage-wise) were –- AIG (AIG) +1.37 (5.1%) to $28.08 on volume of 19.43m shares;
- Boeing (BA) +2.38 (3.6%) to $67.93 on volume of 8.44m shares;
- American Express (AXP) +1.31 (3.4%) to $40.2 on volume of 10.07m shares;
- Alcoa (AA) +0.41 (3.1%) to $13.84 on volume of 40.35m shares; and
- JPMorganChase (JPM) +0.89 (2.1%) to $42.81 on volume of 34.41m shares.