Daily Market Commentary for March 2, 2009 from Millennium-Traders.Com

For the first time since 1997 the DOW moved below 7000, closing the session on the final bell at 6,763.29. (read more)

Economic data released today:

Core PCE Price Index:
January PCE Core Price Index rose 0.1% Rate on the month; January PCE Core Price Index rose 1.6% on the year; January PCE Price Index rose 0.2% Rate on the month; January PCE Core Price Index rose 0.7% on the year.

Personal Spending:
U.S. Personal Income rose by 0.4% in January versus consensus of a drop by 0.3%; U.S. Personal Spending rose by 0.6% in January versus consensus of an increase by 0.4%; U.S. December Personal Income Unrevised at a drop by 0.2%; U.S. December Spending Unrevised at a drop by 1.0%.

ISM (Institute for Supply Management) Manufacturing Index:
U.S. February Mfg Business Index came in at 35.8 versus January reading at 35.6; U.S. February Mfg Business Index expected to come in at 34.0; U.S. February Prices Index came in at 29.0 versus January reading at 29.0; U.S. February Employment Index came in at 26.1 versus January reading at 29.9; U.S. February New Orders Index came in at 33.1 versus January reading at 33.2; U.S. February Production Index came in at 36.3 versus January reading at 32.1; U.S. February Inventories Index came in at 37.0 versus January reading at 37.5; U.S. ISM Survey 'Generally Pessimistic' about 2009 rebound; U.S. ISM: Factories contract at 'Rapid Rate' in February.

Construction Spending:
U.S. Construction Spending down 3.3% in January compared to consensus of a drop by 1.8%; December Construction Spending Revised to a drop by 2.4% from a drop by 1.4%.

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) triple digit loss of 299.64 points to end the trading session at 6,763.29
NYSE (New York Stock Exchange) triple digit loss of 256.05 points to end the trading session at 4,360.98
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 54.99 points to end the trading session at 1,322.85
S&P 500 (SPX) loss of 34.27 points to end the trading session at 700.82
BEL 20 (BEL20) gain of 86.02 points to end the trading session at 1,610.56
CAC 40 (CAC40) triple digit loss of 121.02 points to end the trading session at 2,581.46
FTSE100 (UKX100) triple digit loss of 204.26 points to end the trading session at 3,625.83
NIKKEI 225 (NIK/O) triple digit loss of 288.27 points at the end the trading session at 7,280.15

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 211, declined stock prices 2,943, unchanged stock prices 53, stock prices hitting new highs 4 and stock prices hitting new lows 632. 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: ProShares Ultrashort S&P 500 (NYSE: SDS) stock price gained 8.70 points on the trading session, high on the trading session $108.32, low on the trading session $101.51, with a closing stock price at $107.42; Apache (NYSE: APA) stock price shed 6.74 points on the trading session, high on the trading session $58.58, low on the trading session $52.09, with a closing stock price at $52.35; FTI Consulting (NYSE: FCN) stock price gained 4.84 points on the trading session, high on the trading session $42.36, low on the trading session $40.31, with a closing stock price at $41.38; State Street (NYSE: STT) stock price shed 3.42 points on the trading session, high on the trading session $24.41, low on the trading session $21.55, with a closing stock price at $21.85; Alcon (NYSE: ACL) stock price shed 6.02 points on the trading session, high on the trading session $80.89, low on the trading session $76.03, with a closing stock price at $76.34.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 332, declined stock prices 2,532, unchanged stock prices 100, stock prices hitting new highs 3 and stock prices hitting new lows 588. 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: Woodward Governor Company (NasdaqGS: WGOV) stock price shed 4.94 points on the trading session, high on the trading session $15.20, low on the trading session $10.98, with a closing stock price at $12.28; Syntel (NasdaqGS: SYNT) stock price shed 1.93 points on the trading session, high on the trading session $19.09, low on the trading session $17.76, with a closing stock price at $18.41; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 0.37 points on the trading session, high on the trading session $107.50, low on the trading session $100.90, with a closing stock price at $105.37; Google (NasdaqGS: GOOG) stock price shed 10.83 points on the trading session, high on the trading session $340.70, low on the trading session $326.00, with a closing stock price at $327.16; Baidu (NasdaqGS: BIDU) stock price shed 11.32 points on the trading session, high on the trading session $147.11, low on the trading session $136.26, with a closing stock price at $137.00.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 141, declined stock prices 461, unchanged stock prices 44, stock prices hitting new highs 5 and stock prices hitting new lows 56.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 09: End of trading session price 705.50; Change for the trading session -28.75
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,088; Change for the trading session -29
E-mini DOW $5 (YM) Mar 09: End of trading session price 6,808; Change for the trading session -244
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 437; Change for the trading session -11.90
E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 7,185; Change for the trading session -180

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7952 to U.S. Dollars 1.2576
Japanese Yen 97.250 to U.S. Dollars 0.0103
British Pound 0.7118 to U.S. Dollars 1.4048
Canadian Dollar 1.2907 to U.S. Dollars 0.7748
Swiss Franc 1.1753 to U.S. Dollars 0.8508

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (April 09) shed $4.61 on the trading session for a closing price of $40.15 per barrel ($US per barrel)
Heating Oil (April 09) shed $0.12 on the trading session for a closing price of $1.15 a gallon ($US per gallon)
Natural Gas (April 09) gained $0.05 on the trading session for a closing price of $4.15 per million BTU ($US per mmbtu.)
Unleaded Gas (March 09) shed $0.09 on the trading session for a closing price of $1.29 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 09) shed $2.50 on the trading session for a closing price of $940.00 ($US per Troy ounce)
Silver (May 09) shed $0.04 on the trading session for a closing price of $13.07 ($US per Troy ounce)
Platinum (April 09) shed $9.40 on the trading session for a closing price of $1,062.10 ($US per Troy ounce)
Copper (May 09) shed $0.02 on the trading session for a closing price of $1.52 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 09) shed 0.63 on the trading session for a closing price of 60.28
Pork Bellies (May 09) shed 0.73 on the trading session for a closing price of 79.10
Live Cattle (April 09) shed 1.98 on the trading session for a closing price of 83.95
Feeder Cattle (April 09) shed 1.53 on the trading session for a closing price of 92.35

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 09) shed 8.75 on the trading session for a closing price of 350.25
Soybeans (May 09) shed 28.00 on the trading session for a closing price of 844.00

BOND MARKET:

2 year Bond Closing price 99 31/32, change 6/32, Yield 0.88, Yield change -0.09
5 year Bond closing price of 100 6/32, change 23/32, Yield 1.83, Yield change -0.15
10 year Bond closing price 98 29/32, change1 6/32, Yield 2.87, Yield change -0.14
30 year Bond closing price 97 29/32, change 1 20/32, Yield 3.61, Yield change -0.09

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