Here’s What Happened To Natural Gas After Greenspan’s Speech
Stocks finished low for a
second day while Treasuries, again, finished higher on the day. Â
Equity
The US stock market consolidated for a second day
and closed lower. The Nasdaq
future
(
NDU3 |
Quote |
Chart |
News |
PowerRating) was down 24.50 to close at 1272.50. The S&P 500 contract
(
SPU3 |
Quote |
Chart |
News |
PowerRating) was down 12.25 at 98.70, and the Dow
(
DJU3 |
Quote |
Chart |
News |
PowerRating) was down 40 at 9101.
Fixed Income
U.S. Treasuries started the session off on a strong tone today
after the Bank of England unexpectedly cut rates. A weaker than anticipated
jobless claim number also gave the government securities a boost. The 10 year futures contract
(
TYU3 |
Quote |
Chart |
News |
PowerRating) was
up 085 to close at 116-195; the 30 year
(
USU3 |
Quote |
Chart |
News |
PowerRating)
was up -06 at 115-14; and the five year note was up 070 at 114-240.
(
FVU3 |
Quote |
Chart |
News |
PowerRating).
Metals
August gold
(
GCQ3 |
Quote |
Chart |
News |
PowerRating) was up by .70 to close at
344.60 in reaction to a weaker US dollar. Silver
(
SIN3 |
Quote |
Chart |
News |
PowerRating) was down 1.00 at 4.815. Copper was
up .05
at 78.15
(
HGU03 |
Quote |
Chart |
News |
PowerRating), and aluminum
(
ALN03 |
Quote |
Chart |
News |
PowerRating) was unchanged at
.6595.
Energy
August crude
(
CL03Q |
Quote |
Chart |
News |
PowerRating) was up by .18 to
close at 31.08. But natural gas suffered its biggest drop in two weeks after
inventories rose more than expected. The near month contract was down by .262 at 5.258
(
NG03Q |
Quote |
Chart |
News |
PowerRating).
Currencies
The USD index
(
DX03M |
Quote |
Chart |
News |
PowerRating) was down as a result
of a strong treasury market and closed at 95.67.