Daily Market Commentary for March 9, 2011
After analysts' predicted shares of IBM would reach $200 per share, the Dow managed to make slight gains. (Read more at http://www.millennium-traders.com/news/marketcommentarymarch92011.aspxMillennium-Traders.Com
Economic data released today:
MBA Mortgage Applications:
U.S. MBA Market Index rose 15.5% at 514.2; Last Week 445.1; U.S. MBA Purchase Index rose 12.5% at 194.4; Last Week 172.8; U.S. MBA Refinance Index rose 17.2% at 2,383.7; Last Week 2,034.7.
U.S. January Wholesale Inventories rose 1.1%; was Expected to rise 0.9%.
Crude Oil Inventories from DOE:
U.S. Crude Oil Stockpiles rose 2.516 Million Barrels at 348.891 Million Barrels; U.S. Crude Oil Stockpiles rose 2.516 Million Barrels in Week; was Seen increasing by 0.6 Million Barrels; U.S. Gasoline Stockpiles fell 5.494 Million Barrels at 229.214 Million Barrels; U.S. Gasoline Stockpiles fell 5.494 Million Barrels in Week; was Seen decreasing by 1.5 Million Barrels; U.S. Distillate Stockpiles fell 3.977 Million Barrels at 155.209 Million Barrels; U.S. Distillate Stockpiles fell 3.977 Million Barrels in Week; was Seen decreasing by 1.2 Million Barrels; U.S. Refineries Ran at 82.0% capacity versus 80.9% capacity Week Ago; U.S. Refineries Ran at 82.0% capacity; Seen 81.00% capacity.
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 0.38 points, EOD 12,214.76
NYSE (New York Stock Exchange) shed 14.49, EOD 8,379.55
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 14.05 points, EOD 2,751.72
S&P 500 (SPX) shed 1.81 points, EOD 1,320.01
BEL 20 (BEL20) shed 7.58 points, EOD 2,675.65
CAC 40 (CAC40) shed 22.10 points, EOD 3,993.91
FTSE100 (UKX100) shed 37.46 points, EOD 5,937.30
NIKKEI 225 (NIK/O) gain 64.31 points, EOD 10,589.50
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,444, declined stock prices 1,615, unchanged stock prices 102, stock prices hitting new highs 160 and stock prices hitting new lows 13. 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: CLF shed 5.10, HOD 96.69, LOD 91.17, EOD 91.60; SRX gain 1.38, HOD 28.19, LOD 25.86, EOD 27.43; CF shed 2.29, HOD 129.78, LOD 125.23, EOD 126.65; CME shed 4.03, HOD 304.22, LOD 297.66, EOD 299.48; POT shed 2.39, HOD 57.04, LOD 55.05, EOD 55.90.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,111, declined stock prices 1,552, unchanged stock prices 115, stock prices hitting new highs 93 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: FNSR shed 15.45, HOD 27.19, LOD 24.58, EOD 24.59; JDSU shed 4.28, HOD 23.19, LOD 21.06, EOD 21.10; NFLX shed 2.53, HOD 199.44, LOD 191.12, EOD 192.92; APKT shed 3.36, HOD 73.28, LOD 70.25, EOD 70.93.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 177, declined stock prices 292, unchanged stock prices 33, stock prices hitting new highs 9 and stock prices hitting new lows 2.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1320.50; Change 0.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,322.75; Change -11.00
E-mini DOW $5 (YM) Mar 10: EOD 12,217; Change 18
Nikkei 225 (Yen) Mar 10: EOD 10,585; Change 15
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7192 to U.S. Dollars 1.39
Japanese Yen 82.7350 to U.S. Dollars 0.0121
British Pound 0.6171 to U.S. Dollars 1.6200
Canadian Dollar 0.9686 to U.S. Dollars 1.03
Swiss Franc 0.9298 to U.S. Dollars 1.08
Energy Sector - Nymex:
Light Crude (April 11) shed $0.64, EOD $104.38 per barrel ($US per barrel)
Heating Oil (April 11) gain $0.05, EOD $3.07 a gallon ($US per gallon)
Natural Gas (April 11) gain $0.06, EOD $3.93 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) gain $0.08, EOD $3.03 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 11) gain $2.40, EOD $1,429.60 ($US per Troy ounce)
Silver (May 11) gain $0.38, EOD $36.05 ($US per Troy ounce)
Platinum (April 11) unchanged, EOD $1,802.60 ($US per Troy ounce)
Copper (May 11) shed $0.12, EOD $4.21 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) gain $0.17, EOD $101.85
Pork Bellies (March 11) gain $0.50, EOD $117.00
Live Cattle (April 11) gain $1.65, EOD $117.55
Feeder Cattle (August 11) gain $1.25, EOD $137.38
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (October 11) shed $4.50, EOD $701.00
Soybeans (May 11) shed $33.00, EOD $1,349.00
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