Daily Market Commentary for March 8, 2011
Crude Oil Price
Today's crude oil price fell over news that Moammar Gadhafi is in the process of working on a safe exit from the country. (Read more at http://www.millennium-traders.com/news/marketcommentarymarch82011.aspx
Economic data released today:
IBD/TIPP Economic Optimism:
U.S. March IBD/TIPP 6-Month Economic Outlook 39.7; U.S. March IBD/TIPP Economic Optimism Index 43.0 versus 50.9 in February.
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 128.55 points, EOD 12,218.58
NYSE (New York Stock Exchange) gain 57.84, EOD 8,394.86
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 20.12 points, EOD 2,765.75
S&P 500 (SPX) gain 20.17 points, EOD 1,322.07
BEL 20 (BEL20) gain 3.06 points, EOD 2,683.23
CAC 40 (CAC40) gain 25.50 points, EOD 4,015.91
FTSE100 (UKX100) gain 0.98 points, EOD 5,974.76
NIKKEI 225 (NIK/O) gain 20.17 points, EOD 10,525.19
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,298, declined stock prices 782, unchanged stock prices 82, stock prices hitting new highs 147 and stock prices hitting new lows 16. 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: CRM shed 0.57, HOD 129.17, LOD 126.20, EOD 127.45; CVI shed 0.65, HOD 20.45, LOD 19.30, EOD 19.36; CME gain 1.04, HOD 305.45, LOD 301.66, EOD 303.51; DYN unchanged, HOD 5.88, LOD 5.70, EOD 5.80; AGQ shed 1.22, HOD 210.80, LOD 204.50, EOD 209.05; RIO shed 0.88, HOD 67.72, LOD 66.27, EOD 67.45; CF shed 0.14, HOD 129.48, LOD 124.88, EOD 128.76.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,924, declined stock prices 761, unchanged stock prices 91, stock prices hitting new highs 95 and stock prices hitting new lows 39. 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: BSFT gain 12.60, HOD 51.90, LOD 41.31, EOD 47.50; VRUS gain 5.04, HOD 69.63, LOD 63.22, EOD 66.99; APKT gain 0.57, HOD 76.40, LOD 73.13, EOD 74.29; NFLX shed 11.95, HOD 202.00, LOD 194.36, EOD 195.45; FFIV gain 1.91, HOD 112.43, LOD 108.72, EOD 110.61.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 274, declined stock prices 212, unchanged stock prices 31, stock prices hitting new highs 6 and stock prices hitting new lows 4.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1322.00; Change 13.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,337.50; Change 13.00
E-mini DOW $5 (YM) Mar 10: EOD 12,211; Change 133
Nikkei 225 (Yen) Mar 10: EOD 10,575; Change 125
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7194 to U.S. Dollars 1.39
Japanese Yen 82.6850 to U.S. Dollars 0.0121
British Pound 0.6191 to U.S. Dollars 1.6200
Canadian Dollar 0.9714 to U.S. Dollars 1.03
Swiss Franc 0.9358 to U.S. Dollars 1.07
Energy Sector - Nymex:
Light Crude (April 11) shed $0.42, EOD $105.02 per barrel ($US per barrel)
Heating Oil (April 11) shed $0.05, EOD $3.01 a gallon ($US per gallon)
Natural Gas (April 11) shed $0.06, EOD $3.86 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) gain $0.03, EOD $3.04 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 11) shed $7.30, EOD $1,427.20 ($US per Troy ounce)
Silver (May 11) shed $0.20, EOD $35.66 ($US per Troy ounce)
Platinum (April 11) shed $17.80, EOD $1,802.60 ($US per Troy ounce)
Copper (May 11) gain $0.01, EOD $4.34 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) gain $0.02, EOD $101.02
Pork Bellies (March 11) gain $2.00, EOD $116.50
Live Cattle (April 11) gain $1.25, EOD $114.85
Feeder Cattle (August 11) gain $1.37, EOD $136.12
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (October 11) shed $12.00, EOD $704.50
Soybeans (May 11) shed $13.00, EOD $1,382.00
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