Daily Market Commentary for April 28, 2011
First Quarter GDP Growth
Stocks made modest gains after the latest first quarter GDP growth report. (Read more at http://www.millennium-traders.com/news/FirstQuarterGDPGrowth.aspxMillennium-Traders.Com
Economic data released today:
Chain-Weighted Price Index rose 1.9% Rate in 1Q; Domestic Purchases Price Index rose 3.8% Rate in 1Q; Core PCE Price Index rose 1.5% Rate in 1Q; PCE Price Index rose 3.8% Rate in 1Q; Real Final Sales rose 0.8% in 1Q; U.S. GDP rose 1.8% Rate in 1Q; Compared to Consensus of an increase by 1.8%.
Initial Jobless Claims:
U.S. April 16 Week Jobless Claims Revised to 404K from 403K; U.S. Jobless Claims rose 25K to 429K in April 23 Week; Compared to Survey of a decrease by 8K.
Continuing Jobless Claims:
U.S. April 16 Week Continuing Claims fell 68K to 3,641,000.
Chicago Fed National Activity:
Chicago Fed: March NAI 3-Month Moving Average rose 0.20 versus February increase by 0.27; Chicago Fed: March National Activity Index rose 0.26 versus February increase by 0.16.
Pending Home Sales (MoM):
U.S. Pending Home Sales Index rose 5.1% to 94.1 in March; U.S. March Pending Home Sales fell 11.4% from March 2010.
DJ-BTMU Business Barometer rose 0.2% on Week in April 16 Week; DJ-BTMU Business Barometer rose 2.7% on Year in April 16 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) gain 71.29 points, EOD 12,762.25
NYSE (New York Stock Exchange) gain 29.78, EOD 8,639.06
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 1.49 points, EOD 2,871.37
S&P 500 (SPX) gain 4.63 points, EOD 1,360.29
BEL 20 (BEL20) gain 15.79 points, EOD 2,766.56
CAC 40 (CAC40) gain 37.18 points, EOD 4,104.90
FTSE100 (UKX100) shed 1.74 points, EOD 6,069.90
NIKKEI 225 (NIK/O) triple digit gain 157.90 points, EOD 9,849.74
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,860, declined stock prices 1,235, unchanged stock prices 114, stock prices hitting new highs 352 and stock prices hitting new lows 18. 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: AGQ gain 5.03, HOD 382.08, LOD 347.52, EOD 366.78; CF shed 0.49, HOD 143.30, LOD 137.33, EOD 138.82; OSK shed 3.12, HOD 35.00, LOD 31.90, EOD 32.40; BC shed 0.77, HOD 27.28, LOD 23.52, EOD 25.27.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,484, declined stock prices 1,167, unchanged stock prices 136, stock prices hitting new highs 177 and stock prices hitting new lows 29. 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: REGN shed 2.47, HOD 67.52, LOD 58.07, EOD 64.58; BIDU shed 2.81, HOD 156.04, LOD 146.35, EOD 148.30; AKAM shed 5.95, HOD 35.51, LOD 34.46, EOD 35.03; AAPL shed 3.23, HOD 349.75, LOD 345.52, EOD 346.92; GPRO gain 9.49, HOD 84.17, LOD 68.17, EOD 79.65.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 233, declined stock prices 230, unchanged stock prices 44, stock prices hitting new highs 20 and stock prices hitting new lows 7.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1357.00; Change 6.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,408.25; Change -0.75
E-mini DOW $5 (YM) Mar 10: EOD 12,712; Change 71
Nikkei 225 (Yen) Mar 10: EOD 9945; Change 215
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6745 to U.S. Dollars 1.48
Japanese Yen 81.5300 to U.S. Dollars 0.0123
British Pound 0.6006 to U.S. Dollars 1.6700
Canadian Dollar 0.9509 to U.S. Dollars 1.05
Swiss Franc 0.8728 to U.S. Dollars 1.15
Energy Sector - Nymex:
Light Crude (June 11) gain $0.10, EOD $112.86 per barrel ($US per barrel)
Heating Oil (June 11) shed $0.00, EOD $3.25 a gallon ($US per gallon)
Natural Gas (May 11) unchanged, EOD $4.37 per million BTU ($US per mmbtu.)
Unleaded Gas (June 11) gain $0.01, EOD $3.37 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (June 11) gain $14.10, EOD $1,531.20 ($US per Troy ounce)
Silver (May 11) gain $1.56, EOD $47.52 ($US per Troy ounce)
Platinum (July 11) gain $20.70, EOD $1,839.90 ($US per Troy ounce)
Copper (May 11) gain $0.01, EOD $4.24 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) shed $0.30, EOD $96.40
Pork Bellies (February 12) unchanged, EOD $120.00
Live Cattle (June 11) shed $0.30, EOD $113.25
Feeder Cattle (August 11) gain $1.27, EOD $136.12
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 11) shed $30.00, EOD $729.25
Soybeans (November 11) shed $30.75, EOD $1,337.75
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