Daily Market Commentary for March 10, 2011
Stocks fell over 200 points this morning after the latest economic data was released. (Read more at http://www.millennium-traders.com/news/marketcommentarymarch102011.aspxMillennium-Traders.Com
Economic data released today:
Initial Jobless Claims:
U.S. Jobless Claims rose 26K to 397K in March 5 Week; Compared to Survey of an increase by 7K.
Continuing Jobless Claims:
U.S. February 26 Week Jobless Claims Revised to 371K from 368K; U.S. February 26 Week Continuing Claims fell 20K to 3,771,000.
The January 2011 international trade deficit rose 15.1% to $46.3 billion. Exports increased 2.7% to $167.7 billion. Imports rose 5.2% to $214.1 billion. U.S. January Trade Gap with OPEC Nations Grows Nearly 20% to $9.95B. U.S. January Trade Deficit with China Jumps 12.5% to $23.27B December. Trade Balance Revised To Deficit $40.26B from Deficit $40.58B. U.S. January Trade Deficit $46.34B; compared to Consensus of a Deficit of $41.5B.
Bloomberg Consumer Confidence:
U.S. Bloomberg Consumer Comfort Index fell 44.5 Last Week.
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 228.18 points, EOD 11,984.91
NYSE (New York Stock Exchange) shed 178.98, EOD 8,200.46
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 47.54 points, EOD 2,704.18
S&P 500 (SPX) shed 22.87 points, EOD 1,297.15
BEL 20 (BEL20) shed 9.41 points, EOD 2,666.24
CAC 40 (CAC40) shed 29.82 points, EOD 3,963.99
FTSE100 (UKX100) shed 92.01 points, EOD 5,845.29
NIKKEI 225 (NIK/O) shed 155.12 points, EOD 10,434.38
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 485, declined stock prices 2,577, unchanged stock prices 76, stock prices hitting new highs 32 and stock prices hitting new lows 35. 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: CME shed 3.01, HOD 300.15, LOD 295.74, EOD 296.85; CRM shed 0.47, HOD 127.94, LOD 123.75, EOD 127.24; CLF shed 6.39, HOD 90.37, LOD 84.72, EOD 85.17.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 311, declined stock prices 2,271, unchanged stock prices 79, stock prices hitting new highs 33 and stock prices hitting new lows 67. 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: GMCR gain 17.74, HOD 62.37, LOD 54.73, EOD 61.38; NFLX gain 6.79, HOD 203.74, LOD 188.89, EOD 199.79; VRUS shed 2.46, HOD 67.89, LOD 64.47, EOD 64.87.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 109, declined stock prices 379, unchanged stock prices 16, stock prices hitting new highs 7 and stock prices hitting new lows 8.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1296.00; Change -19.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,285.50; Change -25.00
E-mini DOW $5 (YM) Mar 10: EOD 11,992; Change -182
Nikkei 225 (Yen) Mar 10: EOD 10,355; Change -205
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7252 to U.S. Dollars 1.38
Japanese Yen 82.9650 to U.S. Dollars 0.0121
British Pound 0.6232 to U.S. Dollars 1.6000
Canadian Dollar 0.9756 to U.S. Dollars 1.03
Swiss Franc 0.9324 to U.S. Dollars 1.07
Energy Sector - Nymex:
Light Crude (April 11) shed $1.68, EOD $102.70 per barrel ($US per barrel)
Heating Oil (April 11) gain $0.02, EOD $3.04 a gallon ($US per gallon)
Natural Gas (April 11) gain $0.10, EOD $3.83 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) gain $0.00, EOD $3.02 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 11) shed $17.10, EOD $1,412.50 ($US per Troy ounce)
Silver (May 11) shed $0.98, EOD $35.07 ($US per Troy ounce)
Platinum (April 11) shed $36.40, EOD $1,765.60 ($US per Troy ounce)
Copper (May 11) shed $0.01, EOD $4.20 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) shed $0.07, EOD $101.25
Pork Bellies (March 11) unchanged, EOD $117.00
Live Cattle (April 11) shed $0.00, EOD $117.00
Feeder Cattle (August 11) shed $0.10, EOD $137.27
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 11) shed $18.25, EOD $682.75
Soybeans (May 11) gain $6.50, EOD $1,355.50
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