Daily Market Commentary for March 1, 2011

Bernanke

Stocks were falling in today's session after Bernanke gave his semi-annual monetary policy report to the Senate Banking Committee. (Read more at http://www.millennium-traders.com/news/marketcommentarymarch12011.aspxMillennium-Traders.Com)

Economic data released today:

ISM Manufacturing Index:
U.S.  ISM February Inventories Index 48.8 versus January 52.4; U.S.  ISM February Production Index 66.3 versus January 63.5; U.S.  ISM February New Orders Index 68.0 versus January 67.8; U.S.  ISM February Employment Index 64.5 versus January 61.7; U.S.  ISM February Prices Index 82.0 versus January 81.5; U.S.  ISM February Manufacturing PMI Expected 60.9; U.S.  ISM February Manufacturing PMI 61.4 versus January 60.8; U.S.  ISM: Factories Seen 'Significant Inflation' in Raw Material Cost; U.S.  ISM: February ISM Index Highest Since May 2004.

Construction Spending (MoM):
December Construction Spending Revised to -1.6% From -2.5%; U.S. Construction Spending fell 0.7% in January; Compared to Consensus of a decrease by 0.4%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 162.72 points, EOD 12,063.62
NYSE (New York Stock Exchange) shed 122.79, EOD 8,315.76
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 43.36 points, EOD 2,738.91
S&P 500 (SPX) shed 19.62 points, EOD 1,307.60
BEL 20 (BEL20) gain 5.58 points, EOD 2,712.67
CAC 40 (CAC40) shed 43.20 points, EOD 4,067.15
FTSE100 (UKX100) shed 58.25 points, EOD 5,935.76
NIKKEI 225 (NIK/O) triple digit gain 129.94 points, EOD 10,754.03

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 816, declined stock prices 2,303, unchanged stock prices 69, stock prices hitting new highs 197 and stock prices hitting new lows 28. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: LVS shed 2.94, HOD 45.94, LOD 42.81, EOD 43.70; CF shed 4.27, HOD 142.51, LOD 136.32, EOD 137.01; GS shed 2.04, HOD 164.49, LOD 161.38, EOD 161.74; CRM shed 3.98, HOD 132.88, LOD 127.24, EOD 128.29; CME shed 4.83, HOD 312.09, LOD 303.67, EOD 306.45.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 642, declined stock prices 2,058, unchanged stock prices 93, stock prices hitting new highs 101 and stock prices hitting new lows 33. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: CEDC shed 8.48, HOD 18.72, LOD 13.98, EOD 14.37; SODA shed 4.59, HOD 46.88, LOD 39.42, EOD 39.64; YOKU shed 1.61, HOD 41.90, LOD 37.03, EOD 39.98; NFLX shed 2.04, HOD 207.46, LOD 200.75, EOD 204.63; BIDU shed 3.33, HOD 120.55, LOD 117.00, EOD 117.83; FFIV shed 4.63, HOD 118.60, LOD 112.46, EOD 113.38; CEDC shed 8.52, HOD 18.72, LOD 13.98, EOD 14.33; ITMN gain 0.02, HOD 37.41, LOD 36.12, EOD 36.63.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 237, declined stock prices 244, unchanged stock prices 36, stock prices hitting new highs 24 and stock prices hitting new lows 6.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1306.50; Change -19.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,316.00; Change -34.75
E-mini DOW $5 (YM) Mar 10: EOD 12,057; Change -157
Nikkei 225 (Yen) Mar 10: EOD 10,620; Change -55

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7259 to U.S. Dollars 1.38
Japanese Yen 81.9050 to U.S. Dollars 0.0122
British Pound 0.6149 to U.S. Dollars 1.6300
Canadian Dollar 0.9748 to U.S. Dollars 1.03
Swiss Franc 0.9296 to U.S. Dollars 1.08

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 11) gain $2.66, EOD $99.63 per barrel ($US per barrel)
Heating Oil (April 11) gain $0.08, EOD $3.02 a gallon ($US per gallon)
Natural Gas (April 11) shed $0.16, EOD $3.87 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) shed $0.14, EOD $2.75 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 11) gain $21.30, EOD $1,431.20 ($US per Troy ounce)
Silver (March 11) gain $0.61, EOD $34.24 ($US per Troy ounce)
Platinum (April 11) gain $35.90, EOD $1,845.10 ($US per Troy ounce)
Copper (March 11) gain $0.01, EOD $4.49 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) shed $0.70, EOD $88.10
Pork Bellies (March 11) unchanged, EOD $116.50
Live Cattle (April 11) shed $1.50, EOD $111.50
Feeder Cattle (March 11) shed $0.90, EOD $132.20

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (October 11) gain $4.50, EOD $735.50
Soybeans (May 11) gain $10.50, EOD $1,375.25

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