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Economy

Economic Data (USA)

Wednesday, January 31, 2007

All 3 Majors Gain As Fed Continues On Hold

All 3 major indexes advanced today as investors reacted bullishly to Fed inaction on short-term interest rates and a better-than-expected fourth-quarter GDP report. 1,727,346,680 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,621.69 (+98.38)

NASDAQ: Closed @ 2,463.93 (+15.29)

S + P 500: Closed @ 1,438.24 (+9.42)

----------------------------------------------------------

WTI Crude Oil Future is currently @ $57.80/barrel

NY Spot Gold closed @ $652.40/ounce

In New York, The U.S. Dollar buys 0.7676 Euros

In New York, The Euro buys 1.3028 U.S. Dollars

The US Prime Rate is 8.25%

Ten-Year Treasury Note Yield is currently @ 4.826%

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Crude Oil Inventories Report for Week of January 26, 2007

The U.S. Crude Oil Inventories report for the week that ended on January 26, 2007 was released this morning:

Weekly Change: +2,700,000 Barrels

Yearly Change: +3,900,000 Barrels

Current U.S. Crude Oil Stocks: 324,900,000 Barrels

Diminishing crude oil inventories can translate to higher crude oil prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

Click here for a more detailed summary of The Week in Petroleum.

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Gross Domestic Product (GDP) "Advance" Released Today for Q4, 2006

U.S. Gross Domestic Product (GDP) numbers for the fourth quarter of 2006 were released this morning by the Commerce Department's Bureau of Economic Analysis:

Predicted: +3.1%
Actual: +3.5%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy.

The "advance" estimates are based on data that are incomplete or subject to future revision. Next month, the Commerce Department will release a "preliminary" report for the above-referenced quarter, which will contain more accurate data. A "final" GDP report will be released later this year, which will contain the most accurate and authoritative data on the above-referenced quarter.

Click here to view the full Commerce Department report (PDF).

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Tuesday, January 30, 2007

All 3 Majors Gained Today

All 3 major indexes advanced today despite a sharp spike in crude oil prices. 1,533,994,590 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,523.31 (+32.53)

NASDAQ: Closed @ 2,448.64 (+7.55)

S&P 500: Closed @ 1,428.82 (+8.20)

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NYMEX Crude Oil Future closed @ $56.66/barrel

NY Spot Gold closed @ $645.70/ounce

In New York, The U.S. Dollar buys 0.773 Euros

In New York, The Euro buys 1.2937 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.875%

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Consumer Confidence Index (CCI) for January, 2007

The Consumer Confidence Index (CCI) for this month (January, 2007) was released by The Conference Board this morning:

Predicted: 110.0
Actual: 110.3

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Every month, The Conference Board sends a questionnaire to 5,000 U.S. households. Survey participants are polled about their feeling regarding the current U.S. economy, the future of the U.S. economy, and about their own fiscal circumstances. On average, 3,500 participants complete and return the 5-question survey.

The baseline "100" score for the CCI is linked to 1985 survey data.

When consumers feel good about the economy, they tend to do more spending, and vice versa.

Based in New York City, The Conference Board is a private, not-for-profit organization with a mission to, "create and disseminate knowledge about management and the marketplace to help businesses strengthen their performance and better serve society."

The CCI is almost always released on the last Tuesday of the month.

Last month, the CCI was 109.0.

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Redbook Numbers for The Week of January 27, 2006

The Redbook numbers for the week that ended on January 27, 2006 were released this morning:

Redbook Sales Figures: +2.7%

The Redbook measures the weekly sales at chain stores, discount stores, and department stores -- about 9,000 stores in total -- and is therefore an important measure of current consumer spending in the U.S. The above figure represents the year-to-year change in the Redbook sales figures, so sales are up by 2.7% when compared to sales during the corresponding week back in January of 2006.

The weekly Johnson Redbook Index report is produced by Redbook Research.

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Monday, January 29, 2007

The DJIA & NASDAQ Gained; The S&P 500 Declined

Both the Dow Jones Industrial Average (DJIA) and the NASDAQ Composite gained some ground today, but the S&P 500 retreated, as investors braced for this week's FOMC monetary policy meeting. 1,544,846,070 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,490.78 (+3.76)

NASDAQ: Closed @ 2,441.09 (+5.60)

S + P 500: Closed @ 1,420.62 (-1.56)

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WTI Crude Oil Future closed @ $54.06/barrel

NY Spot Gold closed @ $642.40/ounce

In New York, The U.S. Dollar buys 0.7713 Euros

In New York, The Euro buys 1.2966 U.S. Dollars

The Federal Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.892%


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Friday, January 26, 2007

All 3 Majors Retreated On The Week

The NASDAQ Composite Index was the only major index to advance today; all 3 major indexes retreated on the week. 1,512,879,630 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA lost 78.51 points (-0.629%), the NASDAQ Composite Index fell by 15.82 points (-0.65%), and the S + P 500 Index lost 8.32 points (-0.585%).


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,487.02 (-15.54)

NASDAQ: Closed @ 2,435.49 (+1.25)

S + P 500: Closed @ 1,422.18 (-1.72)

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Crude Oil for Future Delivery closed @ $55.42/barrel in New York.

NY Spot Gold closed @ $644.60/ounce

In New York, The U.S. Dollar buys 0.7743 Euros

In New York, The Euro buys 1.2916 U.S. Dollars

The Federal Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.879%

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New Home Sales for December, 2006

The December, 2006 New Home Sales report was released this morning:

Predicted New Home Sales for December, 2006: 1,050,000

Actual New Home Sales for December, 2006: 1,120,000

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November, 2006 New Home Sales (Revised): 1,069,000

December, 2005 New Home Sales: 1,259,000

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December, 2006 New Home Sales: Median Price: $235,000

December, 2006 New Home Sales: Average Price: $290,100


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the monthly New Home Sales report measures the number of newly-built homes with committed buyers for a given month.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners and microwave ovens.

Click here to view the full Commerce Department report (PDF).

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Durable Goods Orders Report for December, 2006 Released Today

The Durable Goods Orders report for December, 2006 was released this morning:

Predicted: +3.0%
Actual: +3.1%

The above percentages represent the month-to-month change in orders for durable or hard goods for immediate or future delivery from U.S. manufacturers. Examples of durable goods: cars, microwave ovens, computers -- items that are built to last 3+ years.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure. The Durable Goods Orders report is produced by the Commerce Department.

Click here to view the full Commerce Department report (PDF).

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Thursday, January 25, 2007

All 3 Majors Retreated Today On Slower-Than-Expected Existing Home Sales

All 3 major indices retreated today on slower-than-expected December existing homes sales, and news that Ford Motor lost a record $12.7 billion last year (Both General Motors and DaimlerChrysler are also expected to report a loss for 2006.) 1,760,388,250 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,502.56 (-119.21)

NASDAQ: Closed @ 2,434.24 (-32.04)

S + P 500: Closed @ 1,423.90 (-16.23)

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WTI Crude Oil Future closed @ $54.54/barrel

NY Spot Gold closed @ $645.90/ounce

In New York, The U.S. Dollar buys 0.7738 Euros

In New York, The Euro buys 1.2924 U.S. Dollars

The Fed Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.867%


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Existing Home Sales for December, 2006

The Existing Home Sales report for December, 2006 was released by The National Association of Realtors® this morning:

Predicted: 6,250,000
Actual: 6,220,000

Median Price for A Preowned, Single-Family
Home In December, 2006: $222,000

Average Price for A Preowned, Single-Family
Home In December, 2006: $269,000


The U.S. Existing Home Sales report is a sales count of existing homes, co-ops and condominiums for a given month. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The monthly Existing Home Sales report is released on or around the 25TH day of each month.

Click here to view the full NAR report.

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New Unemployment Insurance Claims for The Week of January 20, 2007

Earlier today, the Labor Department released the New Unemployment Insurance Claims report for the week that ended on January 20, 2007:

Predicted: 310,000
Actual: 325,000

The above figures represent the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report.

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Wednesday, January 24, 2007

All 3 Majors Gained; DJIA Sets New Closing Record

All 3 major indexes advanced today, despite higher crude oil prices. The Dow Jones Industrial Average (DJIA) closed at 12,621.77 today, a new record high. 1,588,079,030 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,621.77 (+87.97)

NASDAQ: Closed @ 2,466.28 (+34.87)

S + P 500: Closed @ 1,440.13 (+12.14)

----------------------------------------------------------

WTI Crude Oil Future closed @ $55.25/barrel

NY Spot Gold closed @ $648.20/ounce

In New York, The U.S. Dollar buys 0.7715 Euros

In New York, The Euro buys 1.2962 U.S. Dollars

The Fed Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.81%


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Crude Oil Inventories Report for Week of January 19, 2007

The U.S. Crude Oil Inventories report for the week that ended on January 19, 2007 was released this morning:

Weekly Change: +700,000 Barrels

Yearly Change: +3,100,000 Barrels

Current U.S. Crude Oil Stocks: 322,200,000 Barrels

Diminishing crude oil inventories can translate to higher crude oil prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

Click here for a more detailed summary of The Week in Petroleum.


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Tuesday, January 23, 2007

All 3 Majors Gained Today Despite Jump In Crude Oil Prices

All 3 major indices managed to advance today despite a sharp spike in crude oil prices. 1,672,904,500 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,533.80 (+56.64)

NASDAQ: Closed @ 2,431.41 (+0.34)

S&P 500: Closed @ 1,427.99 (+5.04)

----------------------------------------------------------

NYMEX Crude Oil Future closed @ $54.86/barrel

NY Spot Gold closed @ $647.20/ounce

In New York, The U.S. Dollar buys 0.7674 Euros

In New York, The Euro buys 1.303 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.804%


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Leading Economic Indicators for December, 2006

The Conference Board report on the nation's Leading Economic Indicators for December, 2006 was released this morning:

Predicted: 0.3%
Actual: +0.3%

The above numbers represent the month-to-month change for the nation's leading economic indicators. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The Leading Economic Indicators Index is a composite of 10 of the nation's economic data releases that's put together by The Conference Board. Statistically, the components listed below have shown a significant increase or decrease before national economic upturns or downturns, respectively:

  1. The Money Supply (M2)
  2. The Standard + Poor's 500 Index
  3. The interest rate spread between the yield on 10-year Treasury Bonds and the Fed Funds Target Rate

  4. Manufacturer's new orders for consumer goods or materials
  5. Manufacturer's new orders for non-defense capital goods
  6. Average weekly claims for unemployment insurance
  7. Average weekly manufacturing hours
  8. The Index of Consumer Expectations
  9. Vendor performance
  10. Building permits for new private housing


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Redbook Numbers for The Week of January 20, 2006

The Redbook numbers for the week that ended on January 20, 2006 were released this morning:

Redbook Sales Figures: +2.8%

The Redbook measures the weekly sales at chain stores, discount stores, and department stores -- about 9,000 stores in total -- and is therefore an important measure of current consumer spending in the U.S. The above figure represents the year-to-year change in the Redbook sales figures, so sales are up by 2.8% when compared to sales during the corresponding week back in January of 2006.

The weekly Johnson Redbook Index report is produced by Redbook Research.


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Monday, January 22, 2007

All 3 Majors Declined Today As Crude Oil Prices Climbed

All 3 major indexes retreated today as the price on a barrel of crude oil for future delivery climbed. 1,496,211,450 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,477.16 (-88.37)

NASDAQ: Closed @ 2,431.07 (-20.24)

S&P 500: Closed @ 1,422.95 (-7.55)

----------------------------------------------------------

NYMEX Crude Oil Future closed @ $52.64/barrel

NY Spot Gold closed @ $632.60/ounce

In New York, The U.S. Dollar buys 0.7726 Euros

In New York, The Euro buys 1.2943 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.759%


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Friday, January 19, 2007

Only The DJIA Advanced for The Week

Both the S&P 500 and NASDAQ Composite advanced today, but the Dow Jones Industrial Average (DJIA) lost some ground. For the week, however, the DJIA was the only major index to advance despite the continued slide of crude oil prices, as investors digested earnings reports and the prospect that the Fed most likely won't lower short-term interest rates any time soon. 1,529,113,350 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA added 9.45 points (+0.075%), the NASDAQ Composite Index fell by 51.51 points (-2.101%), and the S + P 500 Index lost 0.23 point (-0.016%).

Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,565.53 (-2.40)

NASDAQ: Closed @ 2,451.31 (+8.10)

S + P 500: Closed @ 1,430.50 (+4.13)

----------------------------------------------------------

WTI Crude Oil Future closed @ $51.99/barrel

NY Spot Gold closed @ $635.40/ounce

In New York, The U.S. Dollar buys 0.7717 Euros

In New York, The Euro buys 1.2959 U.S. Dollars

The Fed Prime Rate is 8.25%

Ten-Year Treasury Note Yield is currently @ 4.773%

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Consumer Sentiment (Preliminary) for January, 2007

The preliminary Consumer Sentiment Index for January, 2007 was released this morning:

Predicted: 92.5
Actual: 98.0

The Consumer Sentiment Index is compiled on a monthly basis by the University of Michigan; 500 U.S. households are queried about their own financial circumstances and about the economy in general. 200 questions are asked, e.g. "Do you think that right now is a good time to purchase a major household item, like a new microwave oven, TV set, or a new sofa?"

The Consumer Sentiment Index uses a 1966 baseline, i.e. for 1966, the Consumer Sentiment Index = 100. So any number that is below the 1966 baseline of 100 means that the folks who were polled recently aren't as optimistic about the U.S. economy as the sample that was polled back in 1966 (and vice versa.)

The Consumer Sentiment Index is similar to the Consumer Confidence Index in that they both measure consumer attitudes and offer insight into consumer spending.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.


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Thursday, January 18, 2007

All 3 Majors Declined Today Despite Cheaper Crude Oil Prices

All 3 major indexes retreated today even as crude oil prices continued to fall. 1,620,209,840 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,567.93 (-9.22)

NASDAQ: Closed @ 2,443.21 (-36.21)

S&P 500: Closed @ 1,426.37 (-4.25)

----------------------------------------------------------

NYMEX Crude Oil Future closed @ $50.40/barrel

NY Spot Gold closed @ $627.90/ounce

In New York, The U.S. Dollar buys 0.7697 Euros

In New York, The Euro buys 1.2992 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.751%


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Consumer Price Index (CPI) for December, 2006

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for December, 2006:

Predicted: +0.5%
Actual: +0.5%

Below is the CPI when food and energy are subtracted from the equation:

Predicted: +0.2%
Actual: +0.2%

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The above numbers represent the seasonally-adjusted, month-to-month change in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The CPI for December, 2006: 201.8 (the baseline 100 score is pegged to 1982-1984 data. In other words, consumer prices have more than doubled since the early 80's)


General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food & Beverages
  • Recreation
  • Miscellaneous Goods & Services (grooming expenses, etc.)

Click here to view the full Labor Department report
.


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Crude Oil Inventories Report for Week of January 12, 2007

The U.S. Crude Oil Inventories report for the week that ended on January 12, 2007 was released this morning:

Weekly Change: +6,800,000 Barrels

Yearly Change: +100,000 Barrels

Current U.S. Crude Oil Stocks: 321,500,000 Barrels

Diminishing crude oil inventories can translate to higher crude oil prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

Click here for a more detailed summary of The Week in Petroleum.


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Housing Starts in December, 2006

The U.S. Commerce Department this morning released the Housing Starts report for December, 2006:

Housing Starts:
Predicted: 1,590,000
Actual: 1,642,000

Building Permits:
Actual: 1,596,000

The above is a measure of initial construction of single and multi-family residential units in The United States for last month. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

If you're wondering about the demand for new homes in the United States, or about the American construction industry in general, then you should pay attention to the monthly Housing Starts report. The monthly Housing Starts report also offers insight into specific types of consumer spending: when housing starts are up, demand for the stuff that a consumer would purchase for a new home (large appliances, consumer electronics, furniture, etc.) tends to also rise--and vice versa.

Click here to view the full Commerce Department report (PDF).


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New Unemployment Insurance Claims for The Week of January 13, 2007

Earlier today, the Labor Department released the New Unemployment Insurance Claims report for the week that ended on January 13, 2007:

Predicted: 315,000
Actual: 290,000

The above figures represent the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report.

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Wednesday, January 17, 2007

All 3 Majors Declined Today On Dashed Hopes Related to Short-Term Interest Rates

All 3 major indices retreated as investors got bearish in response to the December Producer Price Index report released earlier today: the higher-than-expected jump in wholesale prices last month translates to a decreased likelihood that the Fed will lower short-term interest rates before the summer of 2007. 1,529,113,350 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,577.15 (-5.44)

NASDAQ: Closed @ 2,479.42 (-18.36)

S + P 500: Closed @ 1,430.62 (-1.28)

----------------------------------------------------------

WTI Crude Oil Future closed @ $52.63/barrel

NY Spot Gold closed @ $631.30/ounce

In New York, The U.S. Dollar buys 0.7715 Euros

In New York, The Euro buys 1.2962 U.S. Dollars

The Fed Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.787%


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Producer Price Index (PPI) for December, 2006

The Producer Price Index (PPI) for December, 2006 was released this morning:

Predicted: +0.5%
Actual: +0.9%

Below is the PPI when food and energy are subtracted from the equation:

Predicted: +0.1%
Actual: +0.2%


The above numbers represent the month-to-month change in prices for a specific group of goods and capital equipment that producers buy in order to produce finished goods for consumers. The PPI is an important part of the overall inflation picture for the country because when costs go up for producers, producers will often pass those increased costs on to consumers.

The PPI is released by the Department of Labor's Bureau of Labor Statistics.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The PPI is a family or amalgamation of indexes, including The:

  • All Commodities Index
  • Crude Energy Materials Index
  • Crude Foodstuffs & Feedstuffs Index
  • Crude Materials for Further Processing Index
  • Finished Goods Index
  • Finished Consumer Foods Index
  • Finished Consumer Goods Index
  • Finished Consumer Goods Excluding Foods Index
  • Finished Energy Goods Index
  • Finished Goods: Capital Equipment Index
  • Finished Goods Excluding Foods Index
  • Finished Goods Less Energy Index
  • Finished Goods Less Food & Energy Index
  • Fuels & Related Products & Power Index
  • Industrial Commodities Index
  • Intermediate Energy Goods Index
  • Intermediate Foods & Feeds Index
  • Intermediate Materials: Supplies & Components Index

Click here to view the full Labor Department report.


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Industrial Production for December, 2006

The Industrial Production numbers for December, 2006 were released by the Federal Reserve this morning:

Industrial Production:
Predicted: +0.1%
Actual: +0.4%

Capacity Utilization Rate:
Predicted: 81.7%
Actual: 81.8%


The above Industrial Production numbers represent the month-to-month change in physical output from mining operations, utility plants and factories for the entire United States.

The Capacity Utilization Rate percentages represent the use of available resources at mining operations, utility plants and factories for the entire United States last month.

The "predicted" figures are what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Federal Reserve report.


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Redbook Numbers for The Week of January 13, 2006

The Redbook numbers for the week that ended on January 13, 2006 were released this morning:

Redbook Sales Figures: +2.7%

The Redbook measures the weekly sales at chain stores, discount stores, and department stores -- about 9,000 stores in total -- and is therefore an important measure of current consumer spending in the U.S. The above figure represents the year-to-year change in the Redbook sales figures, so sales are up by 2.7% when compared to sales during the corresponding week back in January of 2006.

The weekly Johnson Redbook Index report is produced by Redbook Research.


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Tuesday, January 16, 2007

A Brand New, Record-High Close for The DJIA

The Dow Jones Industrial Average (DJIA) closed at 12,582.59 today, a new record high close value for the index, as crude oil prices declined. The S&P 500 Index also gained some ground today, but the NASDAQ Composite retreated. 1,510,435,870 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,582.59 (+26.51)

NASDAQ: Closed @ 2,497.78 (-5.04)

S&P 500: Closed @ 1,431.90 (+1.17)

----------------------------------------------------------

NYMEX Crude Oil Future closed @ $51.37/barrel

NY Spot Gold closed @ $625.50/ounce

In New York, The U.S. Dollar buys 0.7741 Euros

In New York, The Euro buys 1.2918 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.751%


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Monday, January 15, 2007

The New York Stock Exchange & The NASDAQ Stock Market Are Closed Today

The New York Stock Exchange® and the NASDAQ Stock Market® are closed today in observance of the Martin Luther King, Jr. holiday.

----------------------------------------------------------

NYMEX Crude Oil Future is currently @ $52.80/barrel

NY Spot Gold closed @ $626.50/ounce

In New York, The U.S. Dollar buys 0.773 Euros

In New York, The Euro buys 1.2937 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.771%


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Friday, January 12, 2007

All 3 Majors Gained On Both The Day and The Week

All 3 major indexes advanced today, with the Dow Jones Industrial Average (DJIA) closing at 12,556.08, a brand new record high. The three majors also gained for the week, as warm weather in the NE United States caused crude oil prices to decline. 1,531,019,400 shares were traded @ The New York Stock Exchange® today.

For the week, the Dow Jones Industrial Average (DJIA) added 158.07 points (+1.275%), the NASDAQ Composite Index added 68.57 points (+2.817%), and the S + P 500 Index gained 21.02 points (+1.491%).


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,556.08 (+41.10)

NASDAQ: Closed @ 2,502.82 (+17.97)

S + P 500: Closed @ 1,430.73 (+6.91)

----------------------------------------------------------

WTI Crude Oil Future closed @ $53.30/barrel

NY Spot Gold closed @ $625.40/ounce

In New York, The U.S. Dollar buys 0.7729 Euros

In New York, The Euro buys 1.2938 U.S. Dollars

The Fed Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.771%


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Treasury Budget for December, 2006

The U.S. Treasury Budget monthly account for December, 2006 was released today:

Predicted: -25,000,000,000
Actual: +$44,500,000,000

The "actual" figure above represents the monthly balance on the U.S. federal government's "books" and is compiled by The Treasury Department. A positive number represents a surplus, while a negative represents a deficit.

The "predicted" figure is what economists and Wall Street forecasters were expecting.


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U.S. Retail & Food Services Sales Report for December, 2006

The Commerce Department this morning released advanced estimates of U.S. Retail and Food Services Sales for December, 2006:

Predicted: +0.6%
Actual: +0.9%

Minus Auto Sales
Predicted: +0.5%
Actual : +1.0%


The above percentages represent the month-to-month change in total sales receipts for retailers that sell durable & non-durable goods, and retailers that provide food & beverage services.

Retail & Food Services Sales since December, 2005: +5.4%.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full report.

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U.S. Import and Export Price Indexes for December, 2006

The U.S. Department of Labor's Bureau of Labor Statistics this morning released the price indexes for U.S. imports and exports for December, 2006 :

Import Prices
Predicted: 0.5
Actual: +1.1%

Export Prices

Actual:
+0.7%

The above percentages represent the month-to-month change in prices for

  • Imports: the cost of goods produced in other countries and sold in the U.S.

  • Exports: the cost of goods produced in the U.S. and sold in other countries.

Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The following is a clip from today's Labor Department report:

"Import Goods

Import prices rose for the second consecutive month in December and the 1.1 percent increase was the largest monthly advance since May. The price index for overall imports also increased for the fifth straight year in 2006, advancing 2.5 percent after more substantial increases of 8.0 percent and 6.7 percent in 2005 and 2004, respectively.

A 4.8 percent increase in petroleum prices was the largest contributor to the overall December rise. Petroleum prices resumed their upward trend after declining 21.5 percent for the three-month period ended in November. The index rose 6.2 percent overall in 2006, the fifth consecutive year the index advanced, but the smallest annual increase over that period.

Nonpetroleum prices increased 0.4 percent in December after a 0.9 percent advance the previous month. Prices for nonpetroleum imports rose 1.7 percent over the past 12 months after advancing 2.4 percent and 3.7 percent in 2005 and 2004, respectively. The December increase in nonpetroleum prices was driven by a 1.5 percent rise in nonpetroleum industrial supplies and materials prices. That advance in turn was led by higher prices for natural gas, up for the second consecutive month, metals and chemicals prices. The price index for nonpetroleum industrial supplies and materials increased 4.5 percent over the past year.

The price indexes for consumer goods, capital goods, and foods, feeds, and beverages also contributed to the higher prices for nonpetroleum imports in December. Consumer goods prices rose 0.2 percent in December and 1.2 percent for the year ended in December. Prices for capital goods edged up 0.1 percent after remaining unchanged over the previous four months. Overall, the index increased a modest 0.4 percent in 2006. Foods, feeds, and beverages prices rose 0.6 percent for the month and 4.1 percent for the December 2005-2006 period.

In contrast, prices for automotive vehicles decreased 0.1 percent in December, the first downturn for the index since a 0.2 percent drop in January. Despite the December decline, automotive vehicle prices rose 0.6 percent over the past 12 months.

Export Goods

Export prices increased 0.7 percent in December as higher prices for both agricultural and nonagricultural exports contributed to the rise. The advance in the prices for overall exports followed a 0.4 percent rise in November and was the largest monthly gain since a similar 0.7 percent increase in June. Prices for overall exports rose 4.6 percent in 2006, the largest annual increase for the index since a 6.2 percent jump in 1988. The 2006 rise followed a 2.8 percent advance the previous year.

Both the December and annual increases in overall export prices were partly driven by higher prices for agricultural exports, which rose 2.2 percent in December, led primarily by higher corn prices. The price index for export corn increased 5.2 percent in December after a 20.7 percent jump in November. For the year ended in December, agricultural prices rose 13.2 percent compared to a 4.9 percent increase in 2005.

Nonagricultural prices also increased in December, rising 0.5 percent. The index rose 3.8 percent over the past 12 months. A 1.6 percent advance in nonagricultural industrial supplies and materials prices led the December increase. Higher prices for fuels, metals, and selected building materials all contributed to that advance. For the year ended in December, nonagricultural industrial supplies and materials prices rose 9.8 percent.

Prices for each of the major finished goods areas also increased in December. Capital goods prices ticked up 0.1 percent, the fourth consecutive monthly advance. The index rose 1.2 percent over the past 12 months. Automotive vehicle prices increased 0.3 percent, the largest one-month advance since October 2005. Prices for automotive vehicles rose 1.5 percent for the year ended in December. The price index for consumer goods advanced 0.1 percent for the month and 2.1 percent over 2006."

Click here to view the full Labor Department report.


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Thursday, January 11, 2007

All 3 Majors Advanced Today As Crude Oil Prices Tumbled

The 3 major indices closed higher today as the price on a barrel of crude oil for future delivery fell below the $53 mark. 1,675,971,470 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,514.98 (+72.82)

NASDAQ: Closed @ 2,484.85 (+25.52)

S&P 500: Closed @ 1,423.82 (+8.97)

----------------------------------------------------------

NYMEX Crude Oil Future closed @ $52.56/barrel

NY Spot Gold closed @ $611.40/ounce

In New York, The U.S. Dollar buys 0.7756 Euros

In New York, The Euro buys 1.2894 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.737%


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New Unemployment Insurance Claims for The Week of January 6, 2007

Earlier today, the Labor Department released the New Unemployment Insurance Claims report for the week that ended on January 6, 2007:

Predicted: 320,000
Actual: 299,000

The above figures represent the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report.

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Wednesday, January 10, 2007

The 3 Majors Closed Higher On Cheaper Crude Oil

The 3 major indices closed higher today as the price on a barrel of crude oil for future delivery fell below the $54 mark. 1,570,475,810 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,442.16 (+25.56)

NASDAQ: Closed @ 2,459.33 (+15.50)

S&P 500: Closed @ 1,414.85 (+2.74)

----------------------------------------------------------

NYMEX Crude Oil Future closed @ $53.49/barrel

NY Spot Gold closed @ $611.30/ounce

In New York, The U.S. Dollar buys 0.77 Euros

In New York, The Euro buys 1.2987 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.682%


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Crude Oil Inventories Report for Week of January 5, 2007

The U.S. Crude Oil Inventories report for the week that ended on January 5, 2007 was released this morning:

Weekly Change: -5,000,000 Barrels

Yearly Change: -4,000,000 Barrels

Current U.S. Crude Oil Stocks: 314,700,000 Barrels

Diminishing crude oil inventories can translate to higher crude oil prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

Click here for a more detailed summary of The Week in Petroleum.


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International Trade Balance Level for November, 2006

The International Trade Balance Level for November, 2006 was released by The U.S. Commerce Department this morning:

Predicted: $ -60,000,000,000
Actual: $ -58,200,000,000

The "actual" figure above represents the balance of trade--imports vs. exports--between the United States and all other countries, and includes both goods and services. A negative number represents a trade deficit, while a positive number represents a trade surplus.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Commerce Department report (PDF).


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Tuesday, January 09, 2007

The NASDAQ Composite Index Was The Only Major to Gain Today

The NASDAQ Composite was the only major stock market index to advance today. 1,709,798,850 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,416.60 (-6.89)

NASDAQ: Closed @ 2,443.83 (+5.63)

S&P 500: Closed @ 1,412.11 (-0.73)

----------------------------------------------------------

NYMEX Crude Oil Future closed @ $55.56/barrel

NY Spot Gold closed @ $612.00/ounce

In New York, The U.S. Dollar buys 0.7709 Euros

In New York, The Euro buys 1.2972 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.656%


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Redbook Numbers for The Week of January 6, 2006

The Redbook numbers for the week that ended on January 6, 2006 were released this morning:

Redbook Sales Figures: +2.9%

The Redbook measures the weekly sales at chain stores, discount stores, and department stores -- about 9,000 stores in total -- and is therefore an important measure of current consumer spending in the U.S. The above figure represents the year-to-year change in the Redbook sales figures, so sales are up by 2.9% when compared to sales during the corresponding week back in January of 2006.

The weekly Johnson Redbook Index report is produced by Redbook Research.


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Monday, January 08, 2007

All 3 Majors Advanced Today As Crude Oil Prices Fell

All 3 major indexes advanced today as the price on a barrel of crude oil for future delivery continued on a downward trend. 1,570,197,110 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,423.49 (+25.48)

NASDAQ: Closed @ 2,438.20 (+3.95)

S&P 500: Closed @ 1,412.84 (+3.13)

----------------------------------------------------------

NYMEX Crude Oil Future closed @ $55.57/barrel

NY Spot Gold closed @ $608.20/ounce

In New York, The U.S. Dollar buys 0.7667 Euros

In New York, The Euro buys 1.3044 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.66%


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Friday, January 05, 2007

All 3 Majors Retreated On The Day; The NASDAQ Was The Only Gainer for The Week

All 3 major indices declined today as investors responded bearishly to the December jobs report released this morning: the favorable U.S. employment situation means that the Fed is now less likely to lower short-term interest rates before the summer of 2007. The NASDAQ Composite Index was the only major to advance for the week. 1,717,398,960 shares were traded @ The New York Stock Exchange® today.


For the week, the Dow Jones Industrial Average (DJIA) fell by 65.14 points (-0.525%), the NASDAQ Composite Index added 18.96 points (+0.785%), and the S and P 500 Index lost 8.59 points (-0.609%).


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,398.01 (-82.68)

NASDAQ: Closed @ 2,434.25 (-19.18)

S + P 500: Closed @ 1,409.71 (-8.63)

----------------------------------------------------------

WTI Crude Oil Future closed @ $56.31/barrel

NY Spot Gold closed @ $605.10/ounce

In New York, The U.S. Dollar buys 0.7691 Euros

In New York, The Euro buys 1.3003 U.S. Dollars

The Fed Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.646%


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Employment Situation Report for December, 2006

The Employment Situation report for December, 2006 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Average Hourly Earnings (month-to-month change)
Predicted: +0.3%
Actual: +0.5%


Non-farm Payrolls (month-to-month change)
Predicted: +100K
Actual: +167K


Average Workweek
Predicted: 33.9 hrs
Actual: 33.9 hrs


Unemployment Rate
Predicted: 4.5%
Actual: 4.5%

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money, b) unemployment is low and c) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Department of Labor report.


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Thursday, January 04, 2007

All 3 Majors Gained On A Steep Decline In Crude Oil Prices

All 3 major indices advanced today: unseasonably mild weather in the NE United States and replenished crude oil stocks both contributed to the price on a barrel of crude oil for future delivery falling below the $56 mark. 1,735,984,640 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,480.69 (+6.17)

NASDAQ: Closed @ 2,453.43 (+30.27)

S and P 500: Closed @ 1,418.34 (+1.74)

----------------------------------------------------------

WTI Crude Oil Future is currently @ $55.69/barrel

NY Spot Gold closed @ $621.30/ounce

In New York, The U.S. Dollar buys 0.765 Euros

In New York, The Euro buys 1.3072 U.S. Dollars

The Federal Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.618%


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Crude Oil Inventories Report for Week of December 29, 2006

The U.S. Crude Oil Inventories report for the week that ended on December 29, 2006 was released this morning:

Weekly Change: -1,300,000 Barrels

Yearly Change: -1,900,000 Barrels

Current U.S. Crude Oil Stocks: 319,700,000 Barrels

Diminishing crude oil inventories can translate to higher crude oil prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

Click here for a more detailed summary of The Week in Petroleum.


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U.S. Factory Orders Report for November, 2006

The U.S. Census Bureau this morning released their report on Manufacturers' Shipments, Inventories & Orders -- also known as Factory Orders -- for November, 2006:

Predicted: +1.5%
Actual: +0.9%

The above percentages represent the month-to-month change in orders for both durable and nondurable goods made by from U.S. manufacturers. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Census Bureau report.


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New Unemployment Insurance Claims for The Week of December 30, 2006

Earlier today, the Labor Department released the New Unemployment Insurance Claims report for the week that ended on December 30, 2006:

Predicted: 315,000
Actual: 329,000

The above figures represent the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report.

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Challenger Report on Corporate Layoffs for December, 2006

Earlier today, the outplacement company Challenger released their report on corporate layoffs for December, 2006:

U.S. Job Cuts Announced during December, 2006: 54,643

When the corporate layoff numbers are high, consumer spending may decline, since there are less people with steady jobs.

When corporate layoffs are low, this can mean that the job market is relatively tight, which can be a harbinger of wage inflation.


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Wednesday, January 03, 2007

Dow and NASDAQ Gain; S&P 500 Retreats

The Dow Jones Industrial Average (DJIA) and NASDAQ Composite Index both gained some ground today, but the S&P 500 Index declined, as crude oil for future delivery fell well below the $59 mark. 2,070,667,610 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,474.52 (+11.37)

NASDAQ: Closed @ 2,423.16 (+7.87)

S&P 500: Closed @ 1,416.63 (-1.67)

----------------------------------------------------------

NYMEX Crude Oil Future is currently @ $58.32/barrel

NY Spot Gold closed @ $627.80/ounce

In New York, The U.S. Dollar buys 0.7595 Euros

In New York, The Euro buys 1.3166 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.664%


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U.S. Motor Vehicle Sales Report for December, 2006

The Domestic Motor Vehicle Sales report for December, 2006 was released this afternoon:

Predicted: 12,500,000
Actual: 12,700,000

The above figures represent unit sales of American-made cars, minivans, SUV's and light trucks. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.


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Construction Spending during November, 2006

Earlier today, the U.S. Census Bureau -- which is part of the U.S. Commerce Department -- released the Construction Spending report for November, 2006:

Predicted: -0.5%
Actual: -0.2%

The above percentages represent the month-to-month change in new public and private construction activity for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Overall construction spending was up by 0.1% when compared to the revised numbers from November, 2005.

Click here to view the full Census Bureau report.

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Redbook Numbers for The Week of December 30, 2006

The Redbook numbers for the week that ended on December 30, 2006 were released this morning:

Redbook Sales Figures: +3.2%

The Redbook measures the weekly sales at chain stores, discount stores, and department stores -- about 9,000 stores in total -- and is therefore an important measure of current consumer spending in the U.S. The above figure represents the year-to-year change in the Redbook sales figures, so sales are up by 3.2% when compared to sales during the corresponding week back in January of 2006.

The weekly Johnson Redbook Index report is produced by Redbook Research.


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Tuesday, January 02, 2007

The New York Stock Exchange & The NASDAQ Stock Market Are Closed Today

The New York Stock Exchange® and the NASDAQ Stock Market® are closed today in observance of a national day of mourning for President Gerald R. Ford.

----------------------------------------------------------

NYMEX Crude Oil Future is currently @ $60.90/barrel

NY Spot Gold closed @ $639.70/ounce

In New York, The U.S. Dollar buys 0.7533 Euros

In New York, The Euro buys 1.3274 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.71%


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Monday, January 01, 2007

The New York Stock Exchange & The NASDAQ Stock Market Are Closed Today

The New York Stock Exchange® and the NASDAQ Stock Market® are closed today for the New Year's Day holiday. Both exchanges will also be closed tomorrow in observance of a national day of mourning for President Gerald R. Ford.


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