Daily Market Commentary for March 2, 2011
Stocks made slight gains today as investor confidence rose following Automatic Data Processing Firm's better than expected report on the job market. (Read more at http://www.millennium-traders.com/news/marketcommentarymarch22011.aspxMillennium-Traders.Com
Economic data released today:
MBA Mortgage Applications:
U.S. MBA Market Index fell 6.5% at 445.1; Last Week 476.0; U.S. MBA Purchase Index fell 6.1% at 172.8; Last Week 184.1; U.S. MBA Refinance Index fell 6.5% at 2,034.7; Last Week 2,177.2.
ADP Nonfarm Employment Change:
ADP February U.S. Private Sector Jobs Expected to rise 170,000; ADP February U.S. Private Sector Jobs rose 217,000; U.S. Private-Sector Employment Increased By 217,000 Jobs in February, According to ADP National Employment Report.
Crude Oil Inventories from DOE:
U.S. Refineries Ran at 80.9% capacity; was Seen at 79.00% capacity; U.S. Refineries Ran at 80.9% capacity versus 79.4% capacity a Week Ago; U.S. Distillate Stockpiles fell 0.751Million Barrels in Week; was Seen decreasing by 1 Million Barrels; U.S. Distillate Stockpiles fell 0.751 Million Barrels at 159.186 Million Barrels; U.S. Gasoline Stockpiles fell 3.59 Million Barrels in Week; was Seen increasing by 0.1 Million Barrels; U.S. Gasoline Stockpiles fell 3.59 Million Barrels at 234.708 Million Barrels; U.S. Crude Oil Stockpiles fell 0.364 Million Barrels in Week; was Seen increasing by 1 Million Barrels; U.S. Crude Oil Stockpiles fell 0.364 Million Barrels at 346.375 Million Barrels.
Labor Markets Continue to Strengthen Modestly; Little Evidence of Wage Pressures; Costs Rise for Manufacturers, Retailers; Nearly all Districts Cite Solid Manufacturing Growth; Retail Sales Increase in Most Areas of U.S.; U.S. Economy Continues to Expand Modestly.
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 8.63 points, EOD 12,066.65
NYSE (New York Stock Exchange) gain 22.82, EOD 8,338.67
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 10.42 points, EOD 2,747.83
S&P 500 (SPX) gain 2.10 points, EOD 1,308.43
BEL 20 (BEL20) shed 23.30 points, EOD 2,689.37
CAC 40 (CAC40) shed 32.83 points, EOD 4,034.32
FTSE100 (UKX100) shed 20.87 points, EOD 5,914.89
NIKKEI 225 (NIK/O) shed 261.65 points, EOD 10,492.38
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,899, declined stock prices 1,148, unchanged stock prices 96, stock prices hitting new highs 75 and stock prices hitting new lows 25. 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: WFT shed 2.39, HOD 22.31, LOD 19.56, EOD 21.13; EOG gain 0.72, HOD 108.95, LOD 104.38, EOD 108.65; CRM gain 0.09, HOD 132.23, LOD 127.00, EOD 128.14; CME shed 2.44, HOD 308.90, LOD 303.99, EOD 304.06.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,492, declined stock prices 1,182, unchanged stock prices 133, stock prices hitting new highs 61 and stock prices hitting new lows 45. 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: JOYG shed 3.04, HOD 96.87, LOD 91.67, EOD 93.95; SINA shed 4.89, HOD 79.21, LOD 74.22, EOD 77.02; AAPL gain 2.43, HOD 354.35, LOD 348.40, EOD 351.74; CCME gain 0.83, HOD 13.25, LOD 10.68, EOD 13.10.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 253, declined stock prices 230, unchanged stock prices 34, stock prices hitting new highs 27 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 1306.75; Change 5.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,325.00; Change 13.50
E-mini DOW $5 (YM) Mar 10: EOD 12,050; Change 28
Nikkei 225 (Yen) Mar 10: EOD 10,520; Change -80
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7212 to U.S. Dollars 1.39
Japanese Yen 81.8650 to U.S. Dollars 0.0122
British Pound 0.6124 to U.S. Dollars 1.6300
Canadian Dollar 0.9726 to U.S. Dollars 1.03
Swiss Franc 0.9238 to U.S. Dollars 1.08
Energy Sector - Nymex:
Light Crude (April 11) gain $2.60, EOD $102.23 per barrel ($US per barrel)
Heating Oil (April 11) shed $0.03, EOD $3.06 a gallon ($US per gallon)
Natural Gas (April 11) shed $0.05, EOD $3.82 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) shed $0.04, EOD $3.03 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 11) gain $6.50, EOD $1,437.70 ($US per Troy ounce)
Silver (March 11) gain $0.40, EOD $34.84 ($US per Troy ounce)
Platinum (April 11) gain $14.20, EOD $1,859.30 ($US per Troy ounce)
Copper (March 11) shed $0.01, EOD $4.50 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) gain $0.15, EOD $88.25
Pork Bellies (March 11) unchanged, EOD $116.50
Live Cattle (April 11) gain $0.80, EOD $116.50
Feeder Cattle (March 11) gain $0.01, EOD $1.34
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (October 11) shed $14.00, EOD $721.50
Soybeans (May 11) gain $19.00, EOD $1,394.25
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