Daily Market Commentary for June 10, 2010

Chinese Exports

A rise in Chinese exports in May helped trigger a triple digit rally this morning. (Read more at Millennium-Traders.Com)

Economic data released today:

Trade Balance:
April Exports $148.81B, down 0.7%; Imports $189.09B, down 0.4%; U.S. April Trade Deficit $40.29B; Compared to Consensus of a Deficit of $41.0B; March Trade Balance Revised to a Deficit of $40.05B from a Deficit of $40.42B.

Initial Jobless Claims:
U.S. Week  of May 29 Continuing Claims Lowest Since December 13, 2008; U.S. Week of May 29 Jobless Claims Revised to 459K from 453K; U.S. Week of May 29 Continuing Claims fell 255K to 4,462,000; U.S. Jobless Claims fell 3K to 456K in Week of June 5; Compared to a Survey of a decrease by 3K.

Federal Budget Balance:
U.S. Government Deficit For Year 2010 to Date $935.61B; U.S. Government Posts $135.93 Billion Total Budget Deficit in May; U.S. Government Deficit in May is 20th Straight.

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) triple digit gain 273.35 points, EOD 10,172.60
NYSE (New York Stock Exchange) triple digit gain 223.78, EOD 6,783.49
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 59.97 points, EOD 2,218.82
S&P 500 (SPX) gain 31.2 points, EOD 1,086.89
BEL 20 (BEL20) gain 37.64 points, EOD 2,463.32
CAC 40 (CAC40) gain 69.87 points, EOD 3,516.64
FTSE100 (UKX100) gain 46.64 points, EOD 5,132.50
NIKKEI 225 (NIK/O) triple digit gain 103.52 points, EOD 9,542.65

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,721, declined stock prices 416, unchanged stock prices 74, stock prices hitting new highs 37 and stock prices hitting new lows 21. 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: BP gain 3.50, HOD 33.04, LOD 30.89, EOD 32.70; RIG gain 1.77, HOD 45.46, LOD 43.19, EOD 44.35; DO gain 4.35, HOD 61.74, LOD 59.33, EOD 61.45; GS shed 3.07, HOD 137.77, LOD 131.30, EOD 133.73; MW gain 3.53, HOD 22.34, LOD 20.69, EOD 22.20; CME gain 12.96, HOD 304.50, LOD 294.00, EOD 304.43.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,275, declined stock prices 431, unchanged stock prices 95, stock prices hitting new highs 20 and stock prices hitting new lows 77. 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: LULU gain 1.70, HOD 42.16, LOD 40.05, EOD 40.80; UPRO gain 11.22, HOD 135.20, LOD 129.62, EOD 134.96; AAPL gain 7.63, HOD 250.98, LOD 242.20, EOD 250.83; AMZN gain 5.31, HOD 123.50, LOD 119.20, EOD 123.22; APWR gain 1.76, HOD 9.15, LOD 8.24, EOD 9.13; SHLD gain 0.08, HOD 79.69, LOD 76.59, EOD 77.69.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 330, declined stock prices 135, unchanged stock prices 47, stock prices hitting new highs 11 and stock prices hitting new lows 9.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1087.50; Change 32.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,831.50; Change 49.25
E-mini DOW $5 (YM) Mar 10: EOD 10,177; Change 274
E-mini S&P MidCap 400 (MF) Mar 10: EOD 750.30; Change 22.30
Nikkei 225 (Yen) Mar 10: EOD 9,715; Change 230

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.8242 to U.S. Dollars 1.2100
Japanese Yen 91.3450 to U.S. Dollars 0.0109
British Pound 0.6798 to U.S. Dollars 1.4700
Canadian Dollar 1.0301 to U.S. Dollars 0.9694
Swiss Franc 1.1425 to U.S. Dollars 0.8751

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 10) gain $1.10, EOD $75.48 per barrel ($US per barrel)
Heating Oil (July 10) gain $0.02, EOD $2.03 a gallon ($US per gallon)
Natural Gas (July 10) shed $0.03, EOD $4.65 per million BTU ($US per mmbtu.)
Unleaded Gas (July 10) gain $0.03, EOD $2.07 gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 10) shed $7.70, EOD $1,220.80 ($US per Troy ounce)
Silver (June 10) gain $0.16, EOD $18.34 ($US per Troy ounce)
Platinum (June 10) gain $2.20, EOD $1,534.20 ($US per Troy ounce)
Copper (June 10) gain $0.01, EOD $2.86 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 10) shed $0.17, EOD $77.28
Pork Bellies (July 10) shed $0.75, EOD $95.75
Live Cattle (June 10) gain $0.42, EOD $90.08
Feeder Cattle (August 10) gain $1.00, EOD $110.22

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 10) gain $5.00, EOD $343.25
Soybeans (July 10) shed $8.50, EOD $935.25

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