Daily Market Commentary for March 31, 2011
Oil Prices Keep Stocks In Check
Oil prices keep stocks in check this morning as the price per barrel climbed over $106. (Read more at http://www.millennium-traders.com/news/OilPricesKeepStocksInCheck.aspx
Economic data released today:
Initial Jobless Claims:
U.S. Jobless Claims Data Since 2006 Revised up Slightly; U.S. March 19 Week Jobless Claims Revised to 394K from 382K; U.S. Jobless Claims fell 6K to 388K in March 26 Week; Compared to Survey of a decrease by 2K.
Continuing Jobless Claims:
U.S. March 19 Week Continuing Claims fell 51K to 3,714,000.
U.S. Chicago Purchasing Management March New Orders Index 74.5 versus February 75.9; U.S. Chicago Purchasing Management March Employment Index 65.6 versus February 59.8; U.S. Chicago Purchasing Management March Supplier Deliveries 62.7; February 64.1; U.S. Chicago Purchasing Management March Prices Paid Index 83.4 versus February 81.2; U.S. Chicago Purchasing Management Adjusted March Index 70.6 versus February 71.2.
Bloomberg Consumer Confidence:
U.S. Bloomberg Consumer Comfort Index fell 46.9 Last Week.
January Factory Orders Revised to rose 3.3% from rose 3.1%; February Durable Goods Revised to fell 0.6% from fell 0.9%; February Factory Orders, Excluding Defense, rose 0.5%; February Factory Orders, Excluding Transportation, rose 0.1%; U.S. Factory Orders fell 0.1% in February; Consensus 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 29.29 points, EOD 12,321.32
NYSE (New York Stock Exchange) shed 9.71, EOD 8,406.98
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 5.49 points, EOD 2,782.28
S&P 500 (SPX) shed 2.22 points, EOD 1,326.04
BEL 20 (BEL20) shed 22.18 points, EOD 2,662.17
CAC 40 (CAC40) shed 35.26 points, EOD 3,989.18
FTSE100 (UKX100) shed 39.54 points, EOD 5,908.76
NIKKEI 225 (NIK/O) gain 46.31 points, EOD 9,755.10
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,773, declined stock prices 1,299, unchanged stock prices 107, stock prices hitting new highs 244 and stock prices hitting new lows 21. 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: CME shed 1.36, HOD 303.00, LOD 298.83, EOD 301.89; MCP gain 0.66, HOD 61.12, LOD 57.48, EOD 59.99; CRM shed 0.87, HOD 133.96, LOD 131.69, EOD 133.62; MOS shed 1.70, HOD 82.40, LOD 78.55, EOD 78.75; AGQ gain 3.18, HOD 228.35, LOD 222.38, EOD 225.09; CF gain 4.18, HOD 139.91, LOD 136.09, EOD 136.79.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,528, declined stock prices 1,139, unchanged stock prices 128, stock prices hitting new highs 196 and stock prices hitting new lows 36. 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: DNDN gain 1.89, HOD 37.58, LOD 35.92, EOD 37.43; TSLA gain 4.04, HOD 28.71, LOD 26.50, EOD 27.75; LUNA gain 0.66, HOD 3.60, LOD 1.78, EOD 2.47; SEMG shed 4.31, HOD 33.02, LOD 27.38, EOD 28.16.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 247, declined stock prices 214, unchanged stock prices 42, stock prices hitting new highs 16 and stock prices hitting new lows 7.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1322.50; Change -1.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,340.00; Change 5.50
E-mini DOW $5 (YM) Mar 10: EOD 12,270; Change -16
Nikkei 225 (Yen) Mar 10: EOD 9725; Change -45
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7043 to U.S. Dollars 1.42
Japanese Yen 83.0650 to U.S. Dollars 0.012
British Pound 0.6226 to U.S. Dollars 1.6100
Canadian Dollar 0.9688 to U.S. Dollars 1.03
Swiss Franc 0.9162 to U.S. Dollars 1.09
Energy Sector - Nymex:
Light Crude (May 11) gain $2.45, EOD $106.72 per barrel ($US per barrel)
Heating Oil (May 11) shed $0.05, EOD $3.11 a gallon ($US per gallon)
Natural Gas (May 11) gain $0.03, EOD $4.39 per million BTU ($US per mmbtu.)
Unleaded Gas (May 11) gain $0.05, EOD $3.11 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 11) gain $15.10, EOD $1,438.90 ($US per Troy ounce)
Silver (May 11) gain $0.37, EOD $37.89 ($US per Troy ounce)
Platinum (April 11) gain $9.10, EOD $1,783.20 ($US per Troy ounce)
Copper (May 11) gain $0.03, EOD $4.31 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) gain $0.55, EOD $103.70
Pork Bellies (February 12) unchanged, EOD $126.00
Live Cattle (June 11) gain $1.22, EOD $120.80
Feeder Cattle (August 11) gain $0.62, EOD $141.20
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 11) gain $30.00, EOD $693.25
Soybeans (May 11) gain $38.25, EOD $1,410.25
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