Daily Market Commentary for June 7, 2010

Chrysler

Chrysler announced they will be recalling close to 600,000 vehicles. (Read more at Millennium-Traders.Com)

Economic data released today:

Consumer Credit:
March Consumer Credit Revised to down $5.4B from up $2.0B; March Consumer Credit Revised to down $5.4B from up $2.0B.

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 115.78 points, EOD 9,816.19
NYSE (New York Stock Exchange) shed 87.85, EOD 6,512.43
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 45.81 points, EOD 2,173.36
S&P 500 (SPX) shed 14.4 points, EOD 1,050.48
BEL 20 (BEL20) shed 17.62 points, EOD 2,412.05
CAC 40 (CAC40) shed 41.89 points, EOD 3,413.72
FTSE100 (UKX100) shed 56.94 points, EOD 5,069.06
NIKKEI 225 (NIK/O) shed 380.39 points, EOD 9,520.80

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 805, declined stock prices 2,304, unchanged stock prices 90, stock prices hitting new highs 21 and stock prices hitting new lows 94. 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: RIG shed 0.90, HOD 51.85, LOD 49.04, EOD 49.30; BP shed 0.42, HOD 38.15, LOD 36.65, EOD 36.74; MA gain 3.40, HOD 205.50, LOD 197.27, EOD 200.07; EOG shed 1.87, HOD 106.20, LOD 101.20, EOD 101.12; CME shed 10.63, HOD 313.90, LOD 300.00, EOD 300.01; VNO shed 0.35, HOD 73.88, LOD 71.75, EOD 71.75.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 474, declined stock prices 2,259, unchanged stock prices 94, stock prices hitting new highs 12 and stock prices hitting new lows 148. 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: AAPL shed 5.13, HOD 259.15, LOD 250.56, EOD 250.83; BIDU shed 3.35, HOD 74.23, LOD 69.23, EOD 69.85; GIII shed 1.36, HOD 29.00, LOD 26.17, EOD 26.24.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 184, declined stock prices 310, unchanged stock prices 37, stock prices hitting new highs 11 and stock prices hitting new lows 15.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1051.00; Change -15.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,799.75; Change -35.75
E-mini DOW $5 (YM) Mar 10: EOD 9,812; Change -134
E-mini S&P MidCap 400 (MF) Mar 10: EOD 720.80; Change -17.80
Nikkei 225 (Yen) Mar 10: EOD 9,420; Change -190

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.8387 to U.S. Dollars 1.1900
Japanese Yen 91.6450 to U.S. Dollars 0.0109
British Pound 0.6911 to U.S. Dollars 1.4500
Canadian Dollar 1.0575 to U.S. Dollars 0.9433
Swiss Franc 1.1628 to U.S. Dollars 0.8597

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 10) shed $0.07, EOD $71.44 per barrel ($US per barrel)
Heating Oil (July 10) gain $0.01, EOD $1.97 a gallon ($US per gallon)
Natural Gas (July 10) gain $0.11, EOD $4.92 per million BTU ($US per mmbtu.)
Unleaded Gas (July 10) shed $0.00, EOD $1.99 gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 10) gain $23.10, EOD $1,239.30 ($US per Troy ounce)
Silver (June 10) gain $0.86, EOD $18.15 ($US per Troy ounce)
Platinum (June 10) shed $8.00, EOD $1,515.30 ($US per Troy ounce)
Copper (June 10) shed $0.05, EOD $2.76 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 10) shed $1.27, EOD $77.78
Pork Bellies (July 10) shed $1.15, EOD $97.80
Live Cattle (June 10) shed $1.15, EOD $89.80
Feeder Cattle (August 10) shed $0.47, EOD $108.40

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 10) shed $4.25, EOD $335.75
Soybeans (July 10) unchanged, EOD $935.00

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly Market News for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com