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U.S. stocks in October; Today’s Dow Jones Industrial Average DJIA, Nasdaq, S&P 500; Current Market Review

Posted on | October 31, 2014 | No Comments

Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 stock market index review and news update October 31, 2014:

Although the primary U.S. stock composites were negatively skewed early in the last full trading session, indices attempted to climb there way back to positive ground. The U.S. economic recovery process is moving along, and market confidence has improved as a result.
This week, the Federal Reserve reported that it would officially put an end to the stimulus bond buying program that has been supporting the economic recovery process for approximately 6 years. The Feds also reported that key interest rates would be held near zero. GDP and consumer spending data posted as well and this data was also positively skewed. The U.S. Commerce Department reported that gross domestic product increased 3.5 percent between July and September. Consumer spending rose 1.8 percent in the most recent quarter. The GDP data exceeded analysts’ expectations and is viewed as more proof the the recovery process is moving in the right direction.
All three primary U>S. stock composites ended with gains to close the last full trading session. The S&P 500 moved higher by .62 percent to close at 1,994.65. The Nasdaq rose higher by .37 percent to close at 4,566.14 and the Dow Jones Industrial Average rose higher by 1.3 percent to close at 17,195.42 to close last session. The positive close was no trick and definitely a treat for the marketplace on the eve of Halloween.
Stock futures were positive across the board for the primary U.S. indices and stocks appear positioned for the positive open to the trading session today. The Dow Jones Industrial Average, as well as the Nasdaq and the S&P 500, are all on track for a positive close overall for the month of October. Optimism appears to be holding its own as the marketplace looks to close out October and transition into November.


Frank Matto

crude oil production pressures price; Oil rate per barrel close review today October 31, 2014

Posted on | October 31, 2014 | No Comments

Oil price review and market news update today October 31, 2014:

Crude oil prices continued to track through negative territory during the last full trading session. Current one month price change for crude oil is negative by approximately 13.9 percent at this point in time. It is Halloween in the U.S., and the drop in oil prices is scary.
Many nations are fearing that crude oil prices will continue to drop and for nations like Iran and Russia, the negative price trend-lines are a nerve-inducing proposition. Iran and Russia both count on oil export and revenue from this activity to support national budgets. Budgets are created with an oil price in mind, and the global market price, which is in the low $80s, is not the price budget leaders had in mind. The ongoing drop in oil prices will affect the global economy as various oil producing countries are crippled by the depressed prices.
The U.S. is benefiting at home in some ways. The U.S. is producing more of its own and thus are less reliant on oil from overseas exporters. The downside is that as the dropping prices affect nations around the world, the global marketplace becomes more volatile and this could ultimately drag on the U.S. marketplace.
Last close price for crude oil contract:
December contract oil price fell 1.3 percent last session to close at the floor rate of 81.12 per barrel.
One year price change for crude oil is negative by 16.18 percent at this time.


Camillo Zucari

Today’s Gold per ounce Spot gold per gram Spot silver prices mid-day October 30, 2014; Precious metal profits drop during trading

Posted on | October 30, 2014 | No Comments

Gold price and silver price precious metal news review today October 30, 2014 mid-day:
Gold and silver prices finished the last full trading session on opposite sides of break-even. Gold contract prices closed lower by .37 percent at the floor rate of 1,224.90 per ounce. Silver contract price closed higher by .22 percent at the floor rate of 17.26 per ounce.
Both gold and silver contract prices were affected by the big news from the Fed. The Federal Reserve officially reported that it would put an end to its six ear long efforts to stimulate the U.S. economy. They believe that the economic recovery process in the U.S. has been sufficient so far. They did however report that key interest rates would be held near zero for an extended period of time. This is expected to fuel business and investing in the marketplace. Prior to opening bell today, stock futures were negative in the U.S. and gold and silver price trend-lines were moving lower. As the trading session approached the mid-day mark today, gold and silver price trend-lines were still tracking through negative territory.

Gold and silver contract price per ounce mid-day October 30, 2014:
December contract gold price was lower by 1.72 percent at the electronic rate of 1,224.90 per ounce. December contract silver price was lower by 4.19 percent at the electronic rate of 17.26 per ounce at mid-day.

Spot gold per gram and spot silver per ounce price review mid-day today October 30, 2014:
Spot gold per gram and spot silver per ounce prices were lower at mid-day. Spot gold per gram price was down to 38.68 per gram at mid-day. Spot silver price was lower at 16.55 as of the mid-day mark today.



Camillo Zucari

EUC 2014; Unemployment benefit extension and emergency compensation news update; Feds say no to stimulus; America’s Recovery has Been Sufficient

Posted on | October 30, 2014 | No Comments

Unemployment Benefit Extension News Review today October 30, 2014:
Americans will tune in today to see if the jobless claims numbers move higher or lower. Although the number of Americans that filed for initial unemployment rose higher in the most recent week, the overall rate of initial jobless claims hovers near a 4 year low. The data suggests that the job sector in the U.S. is on the mend and that fewer Americans are in need of unemployment benefits. Congress has decided that this is the case, and as result, a majority of lawmakers in the House do not believe that unemployment benefits should be extended to the long term unemployed. This notion is not only fueled by the diminishing number of Americans filing for initial unemployment, but also by the decrease in the overall national unemployment rate.
According to the Bureau of Economic Statistics, the current national unemployment rate rests at 5.9 percent. This level is a relative low and far from the relative high of 10 percent that peaked just after the recession in 2009. The Feds are satisfied enough with the recovery process that they just announced an end to the six year long effort to stimulate the U.S. economy. As of last session, the Federal Reserve officially stated that its bond buying program would come to an end. This decision is reflective of how those in charge perceive the recovery process. The decision represents a federal acknowledgement that the economic recovery process in the U.S. has been, and continues to be, sufficient. Once again, this is a blow to the millions of Americans waiting for Congress to pass another extension of EUC in 2014. Apparently, officials in Washington do not see a need to stimulate or provide supplemental financial support for America’s people at this time.

Genny Germano

Stock Index Drop; Today’s DJIA Dow Jones Industrial Average, Nasdaq, S&P 500; Feds say Goodbye to Stimulus and Yes to low Interest Rates

Posted on | October 30, 2014 | No Comments

Stock market news update; Today’s Dow Jones Industrial Average, Nasdaq and S&P 500 stock index review October 30, 2014:
Through the halfway point in the last trading session, the primary U.S. stock composites had turned mixed. Traders’ worries were building ahead of the Fed Open Market Committee meeting notes. After the notes posted, stock indices continued to fall back and the DJIA, as well as the Nasdaq and the S&P 500 closed the last full trading session in the red across the board.
Dow, Nasdaq, S&P 500 stock index close update:
The S&P 500 dipped lower by .15 percent to close in the red at 1,982. The Nasdaq dropped by .34 percent to close at 4,549 and the Dow Jones Industrial Average fell lower by .19 percent to close at 16,974.

The Federal Reserve officially announced that it would put an end to its bond buying program. This announcement marks the close of the Fed’s 6 year effort to stimulate the U.S. economy. On the surface, the end of QE3 is partly a testament to the U.S. recovery process. Others though are not feeling the recovery love. Some still believe that the quantitative easing program may have helped Wall Street, but did little to help the everyday man on main street.

The Fed also voted to keep its key interest rate near zero which is expected to prompt additional spending and investing in the marketplace. Once again, this does little to help the everyday man gain interest on savings.

Prior to opening bell this morning, stock futures were in negative territory across the board and the global market indices were mostly in the red. Stocks in the U.S. appear ready for a negatively skewed open today.


Frank Matto

Today’s Gold per ounce Profits; Spot gold per gram Spot silver prices; How Did Gold Fare; Fed Speculation Affects Gold Price

Posted on | October 29, 2014 | No Comments

Gold price and silver price precious metal news review today October 29, 2014:
Gold and silver contract per ounce prices tracked higher during the last full trading session. December contract gold price rose higher by .01 percent to close at 1,229.40 per ounce. Silver contract price for December delivery rose higher by .38 percent to close at 17.23 per ounce as of last session’s close. One month price change for gold and silver remains mixed. For gold, current one month price change is positive by approximately 1.3 percent. For Silver, one month price change is still negative by approximately 1.35 percent at this time.
Through the mid-day mark in the trading session today, stock indices in the U.S. were positively skewed and precious metal gold and silver contract prices were in negative territory.
Gold price and silver price precious metal news review today October 29, 2014:
December contract gold price was lower by .14 percent at the mid-day electronic post of 1,227.70. December silver price was lower by .18 percent at the electronic post of 17.20 per ounce.

Spot gold per gram and spot silver per ounce trend review today October 29, 2014:
As of the mid-day mark, spot gold price posted at 39.34 and spot silver per ounce price posted at 17.25.

Gold prices recently moved lower due, in part, to Fed speculation. The Federal Reserve Open Market Committee finishes up two days worth of meetings today and traders have been speculating when the Feds will begin raising interest rates. Rising interest rates often decreases the appeal of precious metal gold because it reduces price gains.


Camillo Zucari

benefits update; EUC unemployment benefit extension news; emergency compensation in 2014; Is it still needed

Posted on | October 29, 2014 | No Comments

Jobless claims and benefit news review today October 29, 2014:
Millions of Americans are currently out of work and the hard times have been made even harder because the federal government has decided that an extension of unemployment for the long term unemployed is not needed. Congress voted on a plan to extend unemployment earlier this year and although the Senate found enough support to pass the bill on to the House, the House did not find the bill worthy of a vote. House Speaker, John Boehner, has since said that many Americans have remained out of work and have learned to count on the federal government to extend a benefit check. He shared that he believed many long term out of work would rather sit on their couch and take unemployment benefits from the government than accept gainful employment. Boehner, and many other lawmakers, believe that withholding emergency unemployment compensation will motivate many jobless to find work. This is a controversial idea for sure, but the most recent jobless claims data does little to discredit the notion. According to the Labor Department, initial claims for unemployment remain near 14 year lows. Although claims increased last week, the overall four week moving average sits at 281,000. This level is the lowest level for the four week moving average of jobless claims since May 2000. Also, the Labor Department reported that the number of people filing continuing claims for unemployment benefits fell 38,000 to 2.35 million for the week ended October 11. Although millions still remain out of work and without long term unemployment benefit support, the reported jobless numbers in the U.S. are improved.



Genny Germano

Today’s DJIA top dow jones industrial average CAT stock leader; Nasdaq and S&P 500 market index news; Fed note Update Today

Posted on | October 29, 2014 | 1 Comment

Today’s Dow Jones Industrial Average DJIA, Nasdaq, S&P 500 stock market index close and market session news update:
Stock indices climbed higher last session in the U.S. and the Dow Jones Industrial Average, as well as the Nasdaq and the S&P 500, finished the day with gains across the board.
The S&P 500 closed the last full trading session higher by 1.19 percent at 1,985.05. The Nasdaq rose higher by 1.75 percent to close at 4,564.29 and the Dow Jones Industrial Average moved up by 1.12 percent to close at 17,005.75. A top gainer on the Dow Jones Industrial Average last session included Caterpillar Inc. CAT stock price rose higher last session by 2.66 percent and finished the day at 101.16. After hours trading was negative though for CAT stock price.
The Dow Jones Industrial Average rallied last session as earnings and economic news was positively skewed. The positive close last session represented the fourth day in the row that the Dow made positive gains.
In recent economic news, the Conference Board reported that consumer confidence in October rose higher. The consumer confidence index rose to 94.5 in October from the upwardly revised reading of 89 the month prior. A positively skewed assessment of the U.S. job market ad business conditions helped to prompt the rise in consumer confidence and the rise in the stock index trend-lines.
Stock futures were mixed this morning with the Nasdaq and the S&P futures posting red. The DJIA futures were just positive. Overseas market indices in Asia and Europe were generally positive prior to opening bell.
Investors will tune in today to review news from the Feds. The Federal Open Market Committee will conclude its two day meetings today and many onlookers will want to know more about tapering and stimulus plans.



Frank Matto

Gold per ounce profit Spot gold per gram spot silver; Today’s Precious Metal News Approaching Close

Posted on | October 28, 2014 | No Comments

gold price and silver price approaching close today October 28, 2014:
Gold and silver prices were tracking through positive territory as final close approached. The possible positive close for gold could add to the positive price trend-lines the yellow metal has displayed over the course of the last several weeks.
Gold contract price has been tracking positively according to current one month price change review. Gold contract price change is positive by approximately 1.3 percent right now according to one month price analysis. One month price change for silver is negative at this time by approximately 1.3 percent according to one month price change review.
Even though gold price change is positive over the last several weeks, gold price change for the year is still negative. Gold price remains near a relative low which is sparking some additional interest in the precious metal. Bargain hunters are interested. Overall since last March, gold has fallen approximately 11 percent. Also, ongoing concerns over economic growth slowdowns overseas pushes some investors to the safe haven. Speculators will continue to keep a close eye on gold as global worries and volatility inevitably continue.
Gold price per ounce and silver price per ounce contract close review today October 28, 2014 approaching close:
Just prior to close, gold price was up by just .01 percent at the floor rate of 1,229.40 per ounce. Silver contract price was up by .38 percent at 17.23 per ounce.

Spot gold per gram and spot silver per ounce price review today Approaching close October 28, 2014:
Spot gold per gram price posted at 3947 just prior to close and spot silver per ounce price posted at 17.19.



Camillo Zucari

djia today’s dow jones industrial average, Nasdaq and S&P 500 posting gains; stock indices rise as optimism grows

Posted on | October 28, 2014 | 4 Comments

Stock market news update and stock index news review today October 28, 2014:
Stock indices mixed early during the last full trading session but ultimately fell into the red by mid-day and mixed during the latter half of the session. The early stock slide was not altogether unexpected considering that last week was a top week of the year for the U.S. stock market.
In recent economic news, the housing sector received data that did not do much to move the needle. The National Association of Realtors reported that existing home sales were relatively flat last month and the most recent pending home sales Index was more of the same. Also, home prices currently post the slowest annual growth in two years. The recent housing sector data does little to grow investor optimism.
In better economic news, consumer confidence jumped to 94.5 in October. According to the Conference Boards report, consumer confidence in October rose to a reading of 94.5, up from 89 in September. This rise was much better than expected and shows that consumers believe the business and market conditions in the U.S. are currently positive. The bump in consumer confidence also translates into a bump in perceptions and optimism. This outlook is helping the primary U.S. stock indices climb higher today. Throughout the first half of today’s trading session, all three primary U.S. stock composites are posting gains.

Dow Jones Industrial Average, Nasdaq, S&P 500 stock index review:
As mid-day approached, the Dow Jones Industrial Average was positive by.25 percent at 16,859. The Nasdaq was higher by .96 percent at 4,529 and the S&P 500 is up by .48 percent at 1,971 just before the mid-day mark.



Frank Matto

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