Daily Market Commentary for April 5, 2011
GOP Budget Cuts
House Budget Chairman Paul Ryan announced that proposed GOP budget cuts could reduce the budget deficit by $5 trillion over the next 10 years. (Read more at http://www.millennium-traders.com/news/GOPBudgetCuts.aspx
Economic data released today:
U.S. ICSC/Goldman Sachs Chain Store Sales rose 2.3% in April 2 Week; U.S. ICSC/Goldman Sachs Chain Store Sales rose 2.8% on Year.
U.S. Retail Sales First 5 Weeks March fell 0.6% versus February; U.S. Retail Sales First 5 Weeks March rose 1.9% versus March a Year-Ago; U.S. Retail Sales rose 0.5% Week End April 2 versus Year Ago.
ISM Non-Manufacturing Index:
U.S. ISM March Non- Manufacturing New Orders Index 64.1 versus February 64.4; U.S. ISM March Non- Manufacturing Prices Index 72.1 versus February 73.3; U.S. ISM March Non- Manufacturing Employment Index 53.7 versus February 55.6; U.S. ISM March Non- Manufacturing Business Index 59.7 versus February 66.9; U.S. ISM March Non-Manufacturing PMI Expected 59.7; U.S. ISM March Non-Manufacturing PMI 57.3 versus February 59.7.
FOMC Meeting Minutes:
A Few Note 'Exceptional' Accommodation Might be Appropriate; A Few Members Note Economy Might Warrant Less Easy Money; Underlying Inflation Measures Appear to Have Bottomed Out; Big Rise in Inflation Expectations Could Push Wages; Commodity Prices Pose Risk to Consumer, Business Spending; Commodity Price Rise Poses Upside Risk to Inflation Expectations; A Few Note Program Could Be Reduced if Recovery Stronger; A Few Members Remain Uncertain About Program; Bankers Agree to Continue Bond-Buying Program.
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 8.78 points, EOD 12,393.37
NYSE (New York Stock Exchange) gain 4.58, EOD 8,486.99
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 1.32 points, EOD 2,790.51
S&P 500 (SPX) shed 0.15 points, EOD 1,332.72
BEL 20 (BEL20) shed 9.21 points, EOD 2,698.21
CAC 40 (CAC40) shed 1.18 points, EOD 4,041.74
FTSE100 (UKX100) shed 9.92 points, EOD 6,051.99
NIKKEI 225 (NIK/O) shed 103.34 points, EOD 9,615.55
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,632, declined stock prices 1,423, unchanged stock prices 110, stock prices hitting new highs 280 and stock prices hitting new lows 17. 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 8.35, HOD 243.96, LOD 233.05, EOD 243.32; MCP shed 1.02, HOD 66.37, LOD 64.25, EOD 65.39; CBD shed 0.41, HOD 43.94, LOD 42.87, EOD 43.08.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,351, declined stock prices 1,289, unchanged stock prices 135, stock prices hitting new highs 203 and stock prices hitting new lows 34. 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 2.76, HOD 342.25, LOD 336.00, EOD 338.43; CBST gain 3.74, HOD 29.61, LOD 28.67, EOD 28.99; CREE shed 0.79, HOD 45.27, LOD 42.92, EOD 44.89; NFLX shed 0.49, HOD 248.65, LOD 242.27, EOD 244.23; VRUS gain 10.14, HOD 95.00, LOD 86.16, EOD 94.65; DMND gain 3.96, HOD 63.96, LOD 60.63, EOD 61.18; STRA gain 9.97, HOD 144.55, LOD 133.92, EOD 144.19.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 245, declined stock prices 231, unchanged stock prices 36, stock prices hitting new highs 20 and stock prices hitting new lows 5.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1327.75; Change -1.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,323.50; Change -17.00
E-mini DOW $5 (YM) Mar 10: EOD 12,328; Change -9
Nikkei 225 (Yen) Mar 10: EOD 9655; Change -75
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7032 to U.S. Dollars 1.42
Japanese Yen 84.8150 to U.S. Dollars 0.0118
British Pound 0.6142 to U.S. Dollars 1.6300
Canadian Dollar 0.9634 to U.S. Dollars 1.04
Swiss Franc 0.9254 to U.S. Dollars 1.08
Energy Sector - Nymex:
Light Crude (May 11) shed $0.13, EOD $108.34 per barrel ($US per barrel)
Heating Oil (May 11) gain $0.01, EOD $3.18 a gallon ($US per gallon)
Natural Gas (May 11) shed $0.05, EOD $4.23 per million BTU ($US per mmbtu.)
Unleaded Gas (May 11) gain $0.03, EOD $3.20 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (June 11) gain $19.50, EOD $1,452.50 ($US per Troy ounce)
Silver (May 11) gain $0.68, EOD $39.18 ($US per Troy ounce)
Platinum (July 11) gain $9.80, EOD $1,796.80 ($US per Troy ounce)
Copper (May 11) gain $0.00, EOD $4.26 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) shed $0.70, EOD $103.15
Pork Bellies (February 12) unchanged, EOD $120.00
Live Cattle (June 11) shed $0.95, EOD $119.95
Feeder Cattle (August 11) shed $0.07, EOD $141.32
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 11) gain $6.50, EOD $766.75
Soybeans (May 11) shed $10.75, EOD $1,373.25
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