Daily Market Commentary for August 19, 2010

Job Trends

Stocks fell drastically today; investors were disgusted by the current job trends reported by the Labor Department. (Read more at Millennium-Traders.Com)

Economic data released today:

Initial Jobless Claims:
U.S. Jobless Claims Rise to Highest Level Since November 2009; U.S. August 7 Week Jobless Claims Revised to 488K from 484K; U.S. August 7 Week Continuing Claims fell 13K to 4,478,000; U.S. Jobless Claims rose 12K to 500K in August 14 Week; Survey -4K.

Philadelphia Fed Manufacturing Index:
Philadelphia Fed August Business Index fell 7.7 versus July 5.1; Philadelphia Fed August Price Paid 11.8 versus July 13.1; Philadelphia Fed August Price Received fell 12.5 versus July -8.4; Philadelphia Fed August Employment fell 2.7 versus July 4.0; Philadelphia Fed August New Orders fell 7.1 versus July -4.3; Philadelphia Fed August Shipments fell 4.5 versus July 4.0; Philadelphia Fed August Delivery Times fell 11.0 versus July -8.1; Philadelphia Fed August Inventories fell 11.6 versus July 4.5; Philadelphia Fed August Business Index Expected 7.0.

Leading Index (MoM):
U.S. Conference Board: July Leading Index rose 0.1%; U.S. Conference Board: July Coincident Index rose 0.2%; U.S. Conference Board: July Lagging Index rose 0.4%.

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 146.14 points, EOD 10,269.40
NYSE (New York Stock Exchange) shed 117.05, EOD 6,851.03
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 36 points, EOD 2,179.70
S&P 500 (SPX) shed 18.57 points, EOD 1,075.59
BEL 20 (BEL20) shed 38.53 points, EOD 2,474.08
CAC 40 (CAC40) shed 75.53 points, EOD 3,572.40
FTSE100 (UKX100) shed 91.58 points, EOD 5,211.29
NIKKEI 225 (NIK/O) triple digit gain 122.14 points, EOD 9,362.68

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 576, declined stock prices 2,502, unchanged stock prices 91, stock prices hitting new highs 132 and stock prices hitting new lows 71. 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: POT gain 0.16, HOD 148.18, LOD 145.95, EOD 148.09;
CME shed 4.97, HOD 246.23, LOD 240.00, EOD 240.85; RIG shed 1.85, HOD 54.24, LOD 52.15, EOD 52.23; ESI gain 0.67, HOD 53.93, LOD 51.08, EOD 53.75; TTC gain 0.09, HOD 55.00, LOD 51.16, EOD 51.62; YGE shed 0.50, HOD 11.25, LOD 10.66, EOD 10.75.
 
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 520, declined stock prices 2,151, unchanged stock prices 104, stock prices hitting new highs 23 and stock prices hitting new lows 134. 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: SYMC gain 0.78, HOD 13.97, LOD 13.00, EOD 13.37; UPRO shed 6.82, HOD 134.41, LOD 126.84, EOD 128.68; NTAP gain 1.38, HOD 40.94, LOD 38.38, EOD 40.70; STRA shed 4.47, HOD 169.00, LOD 162.76, EOD 164.53; DLTR gain 2.04, HOD 44.53, LOD 42.23, EOD 43.86; SCHS shed 2.87, HOD 15.31, LOD 13.80, EOD 14.63; AAPL shed 3.19, HOD 253.46, LOD 248.68, EOD 249.88; PETM gain 2.67, HOD 33.74, LOD 31.97, EOD 32.82; PCLN gain 1.84, HOD 308.95, LOD 293.88, EOD 299.47; TECD shed 0.48, HOD 39.20, LOD 37.86, EOD 38.19.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 159, declined stock prices 328, unchanged stock prices 40, stock prices hitting new highs 15 and stock prices hitting new lows 10.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1074.25; Change -12.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,823.50; Change -13.25
E-mini DOW $5 (YM) Mar 10: EOD 10,255; Change -97
Nikkei 225 (Yen) Mar 10: EOD 9,215; Change -5

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7800 to U.S. Dollars 1.2800
Japanese Yen 85.3450 to U.S. Dollars 0.0117
British Pound 0.6410 to U.S. Dollars 1.5600
Canadian Dollar 1.0391 to U.S. Dollars 0.9624
Swiss Franc 1.0316 to U.S. Dollars 0.9694

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 10) shed $0.99, EOD $74.43 per barrel ($US per barrel)
Heating Oil (September 10) shed $0.02, EOD $2.00 a gallon ($US per gallon)
Natural Gas (September 10) shed $0.06, EOD $4.17 per million BTU ($US per mmbtu.)
Unleaded Gas (September 10) shed $0.03 EOD $1.93 gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 10) gain $4.10, EOD $1,233.80 ($US per Troy ounce)
Silver (August 10) shed $0.07, EOD $18.32 ($US per Troy ounce)
Platinum (August 10) shed $9.00, EOD $1,527.50 ($US per Troy ounce)
Copper (August 10) shed $0.03, EOD $3.32 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 10) shed $0.17, EOD $77.90
Pork Bellies (August 10) unchanged, EOD $139.50
Live Cattle (August 10) gain $1.97, EOD $99.18
Feeder Cattle (August 10) gain $0.35, EOD $114.05

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) shed $4.25, EOD $414.25
Soybeans (September 10) shed $18.50, EOD $1,016.75

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