Daily Market Commentary for March 4, 2011
Oil Prices rose to over $100.00 a barrel today, resulting in a sell off of over 100 points. (Read more at http://www.millennium-traders.com/news/marketcommentarymarch42011.aspxMillennium-Traders.Com
)Economic data released today:
U.S. January Payrolls Revised to +63K from +36K; U.S. February Government Payrolls fell 30K; Federal Unchanged; U.S. February Manufacturing Payrolls rose 33K; Service-Producing rose 122K; U.S. February Nonfarm Payrolls rose 192K; Compared to Consensus of an increase by 200K.
Private Nonfarm Payrolls:
U.S. February Private Payrolls rose 222K.
U.S. January Unemployment Left Unrevised at 9.0%; U.S. February Unemployment Rate 8.9%; Compared to Consensus of 9.1%.
Average Hourly Earnings:
U.S. February Average Hourly Earnings rose 0.01 to $22.87.
Average Weekly Hours:
U.S. February Overall Workweek Unchanged at 34.2 Hours.
December Factory Orders Revised to +1.4% from +0.2%; January Durable Goods Revised to +3.2% from +2.7%; January Factory Orders, Excluding Defense, rose 2.8%; January Factory Orders, Excluding Transportation, rose 0.7%; U.S. Factory Orders rose 3.1% in January; 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) shed 90.02 points, EOD 12,168.18
NYSE (New York Stock Exchange) shed 55.88, EOD 8,409.57
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 15.24 points, EOD 2,783.50
S&P 500 (SPX) shed 17.98 points, EOD 1,312.00
BEL 20 (BEL20) gain 9.48 points, EOD 2,701.50
CAC 40 (CAC40) shed 40.55 points, EOD 4,020.21
FTSE100 (UKX100) shed 14.70 points, EOD 5,990.39
NIKKEI 225 (NIK/O) triple digit gain 107.64 points, EOD 10,693.66
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,028, declined stock prices 2,034, unchanged stock prices 100, stock prices hitting new highs 154 and stock prices hitting new lows 18. 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 5.53, HOD 310.38, LOD 302.00, EOD 304.61; CRM shed 0.20, HOD 131.95, LOD 128.34, EOD 129.87; AGQ gain 14.52, HOD 204.49, LOD 194.71, EOD 204.12; COO gain 6.54, HOD 70.31, LOD 66.70, EOD 70.16; FAS shed 1.16, HOD 31.73, LOD 30.10, EOD 30.72; CLF shed 1.34 HOD 101.60 LOD 97.91, EOD 99.12; CF shed 5.83, HOD 140.06, LOD 133.28, EOD 134.31; CDE gain 0.17, HOD 35.41, LOD 34.19, EOD 34.67; CLR shed 1.12, HOD 68.90, LOD 67.41, EOD 68.29; AU shed 1.45, HOD 48.77, LOD 47.45, EOD 47.85; CHS shed 0.06, HOD 13.78, LOD 13.49, EOD 13.66.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 935, declined stock prices 1,725, unchanged stock prices 129, stock prices hitting new highs 114 and stock prices hitting new lows 27. 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: FFIV shed 0.53, HOD 115.50, LOD 112.55, EOD 113.82; CCME shed 13.10, HOD 13.60, LOD 12.65, EOD 13.10; VRTX gain 1.12, HOD 51.10, LOD 49.07, EOD 51.07; MRVL shed 2.09 HOD 17.00, LOD 15.99, EOD 16.13; SPRD gain 1.45, HOD 24.20, LOD 22.51, EOD 23.07; NFLX gain 7.35, HOD 211.28, LOD 203.75, EOD 210.72; SINA gain 4.88, HOD 84.39, LOD 79.50, EOD 84.13; BDCO gain 0.71, HOD 8.75, LOD 8.01, EOD 8.42; APEI gain 0.15, HOD 43.75, LOD 42.60, EOD 43.44.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 217, declined stock prices 264, unchanged stock prices 38, stock prices hitting new highs 23 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 1320.00; Change -9.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,360.25; Change -11.50
E-mini DOW $5 (YM) Mar 10: EOD 12,159; Change -80
Nikkei 225 (Yen) Mar 10: EOD 10,640; Change -80
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7150 to U.S. Dollars 1.40
Japanese Yen 82.3150 to U.S. Dollars 0.0121
British Pound 0.6147 to U.S. Dollars 1.6300
Canadian Dollar 0.9729 to U.S. Dollars 1.03
Swiss Franc 0.9260 to U.S. Dollars 1.08
Energy Sector - Nymex:
Light Crude (April 11) gain $2.51, EOD $104.42 per barrel ($US per barrel)
Heating Oil (April 11) gain $0.04, EOD $3.09 a gallon ($US per gallon)
Natural Gas (April 11) gain $0.03, EOD $3.81 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) gain $0.02, EOD $3.05 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 11) gain $12.20, EOD $1,428.20 ($US per Troy ounce)
Silver (May 11) gain $1.00, EOD $35.33 ($US per Troy ounce)
Platinum (April 11) gain $4.90, EOD $1,837.90 ($US per Troy ounce)
Copper (May 11) shed $0.00, EOD $4.49 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) shed $0.30, EOD $88.50
Pork Bellies (March 11) unchanged, EOD $116.50
Live Cattle (April 11) shed $0.10, EOD $114.10
Feeder Cattle (August 11) gain $0.32, EOD $134.72
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (October 11) shed $8.75, EOD $728.00
Soybeans (May 11) gain $2.00, EOD $1,414.00
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