What’s Up At The Pump?
The day after Christmas ushered in gains on the
broader market indexes and in the energies. With a slow volume day, the markets
opened strong and then pulled back. Wal-Mart Stores
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reported gains in holiday sales, which helped fuel the Dow and Nasdaq. Exxon
Mobil
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agree this week to cut output.
BROADER MARKET INDEX FUTURES
March S&P 500 futures
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closed at 1152.50, up 5.30. The March Dow Jones Industrial Average futures
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closed out at 10117, up 77.00, while the March Nasdaq 100 futures
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closed higher to 1602.00, up 17.00.
FINANCIALS
March 30-Year T-Bonds
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closed at 100.07, down -0’15. The March 10-Year T-Note
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at 103’30.5, down -0’10.5, and the March 5-Year T-Note [FVH2|FVH2] ended
at 104’27.5, down -0’07.
CURRENCIES
The March US dollar index
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closed down -0.11 at 118.43. The March British pound [BPH2|BPH2] was
up +0.0114 to 1.4474. The March Japanese yen
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decline, closing at 0.007675, down -0.000066. The yen halted a nine-day
tumble vs. the dollar, its longest slide in four years, after a Japanese finance
official signaled the government may try to slow the currency’s decline. Zembei
Mizoguchi, director-general of the Ministry of Finance’s international bureau,
criticized big swings in the yen. "It’s not good for daily (exchange-rate)
moves to be too large,” and the ministry is "watching the situation,” he
said, according to the Dow Jones Newswire. The
March Swiss franc
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Australian dollar
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PRECIOUS METALS
All of the metals rallied in
today’s session. Feb. Gold
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Silver
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finished at 68.60, up +0.70, and Jan. Platinum
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2.70 to 474.00.
GRAINS
The Grains pulled back today. March
Wheat
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was down -2.74 to 208.75. March Oats
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and Jan. Soybeans
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SOFTS
March Cotton #2 [CTH2|CTH2]
was up +.42 to 36.64. Jan. Orange Juice [JOF2|JOF2] was down -.60 to
92.90. March Coffee was closed today
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Jan. Lumber
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close at 259.80.
MEATS
The meat markets were mixed
today. Feb. Live Cattle
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Live Hogs
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pulled back by -1.24 to 77.65, and Jan. Feeder Cattle
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0.25 to 85.75.
ENERGIES
The Energy markets rallied today.
Jan. Crude Oil
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was higher, closing at 59.46, up 4.62, and Jan. Natural Gas
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up 0.020 to 2.91.