Daily Market Commentary for May 3, 2011

Lower Earnings Concern Investors
 
Today's lower earnings concern investors after Wall Street predicted higher results. (Read more at http://www.millennium-traders.com/news/LowerEarningsConernInvestors.aspxMillennium-Traders.Com)

Economic data released today:

Chain Store Sales:
U.S. ICSC/Goldman Sachs Chain Store Sales fell 0.8% in April 30 Week; U.S. ICSC/Goldman Sachs Chain Store Sales rose 2.8% on Year.

Redbook:
U.S. Retail Sales First 4 Weeks of April rose 1.3% versus March; U.S. Retail Sales First 4 Weeks of April rose 5.1% versus April a Year-Ago; U.S. Retail Sales rose 5.5% Week Ended April 30 versus a Year Ago.

Factory Orders:
February Factory Orders Revised to +0.7% from -0.1%; March Durable Goods Revised to +2.9% from +2.5%; March Factory Orders, Excluding Defense, rose 3.0%; March Factory Orders, Excluding Transportation, rose 2.6%; U.S. Factory Orders rose 3.0% in March; Compared to Consensus of an increase by 2.0%.

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 0.15 points, EOD 12,807.51
NYSE (New York Stock Exchange) shed 65.05, EOD 8,584.56
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 22.69 points, EOD 2,841.39
S&P 500 (SPX) shed 5.01 points, EOD 1,356.21
BEL 20 (BEL20) shed 18.48 points, EOD 2,749.77
CAC 40 (CAC40) shed 11.93 points, EOD 4,096.84
FTSE100 (UKX100) gain 12.98 points, EOD 6,069.90
NIKKEI 225 (NIK/O) unchanged, EOD 10,004.20

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,078, declined stock prices 2,002, unchanged stock prices 99, stock prices hitting new highs 145 and stock prices hitting new lows 24. 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 shed 34.66, HOD 301.27, LOD 251.56, EOD 261.84; MA gain 7.37, HOD 286.80, LOD 280.26, EOD 282.66; VNO shed 1.13, HOD 97.93, LOD 94.47, EOD 95.71; MCP gain 6.13, HOD 79.16, LOD 72.75, EOD 77.65; CLX shed 2.56, HOD 67.85, LOD 66.72, EOD 67.43; CF shed 6.41, HOD 139.96, LOD 132.14, EOD 133.00; CRM shed 2.58, HOD 136.31, LOD 131.78, EOD 133.61; CME shed 0.65, HOD 86.87, LOD 84.93, EOD 85.66.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 804, declined stock prices 1,845, unchanged stock prices 105, stock prices hitting new highs 64 and stock prices hitting new lows 39. 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: PRGO shed 1.27, HOD 89.40, LOD 84.64, EOD 88.71; SINA shed 12.91, HOD 134.71, LOD 122.00, EOD 122.09.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 148, declined stock prices 305, unchanged stock prices 40, stock prices hitting new highs 5 and stock prices hitting new lows 9.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1352.25; Change -5.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 12,388.50; Change -13.00
E-mini DOW $5 (YM) Mar 10: EOD 12,751; Change -13
Nikkei 225 (Yen) Mar 10: EOD 9915; Change -65

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 81.0050 to U.S. Dollars 0.01234
British Pound 0.6071 to U.S. Dollars 1.6500
Canadian Dollar 0.9528 to U.S. Dollars 1.05
Swiss Franc 0.8620 to U.S. Dollars 1.16

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (June 11) shed $2.47, EOD $111.05 per barrel ($US per barrel)
Heating Oil (June 11) shed $0.06, EOD $3.19 a gallon ($US per gallon)
Natural Gas (June 11) shed $0.01, EOD $4.68 per million BTU ($US per mmbtu.)
Unleaded Gas (June 11) shed $0.01, EOD $3.33 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 11) shed $16.70, EOD $1,540.40 ($US per Troy ounce)
Silver (July 11) shed $3.49, EOD $42.58 ($US per Troy ounce)
Platinum (July 11) shed $15.20, EOD $1,860.50 ($US per Troy ounce)
Copper (July 11) gain $0.05, EOD $4.25 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) shed $3.00, EOD $92.48
Pork Bellies (February 12) unchanged, EOD $120.00
Live Cattle (June 11) shed $1.30, EOD $110.65
Feeder Cattle (August 11) shed $1.80, EOD $133.02

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 11) shed $10.75, EOD $723.75
Soybeans (November 11) shed $19.50, EOD $1,354.25

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