Daily Market Commentary for August 4, 2010

Service Industry

It was reported today that the service industry added more workers than expected in July. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index rose 1.3% at 730.2; Last Week 720.6; U.S. MBA Purchase Index rose 1.5% at 174.9; Last Week 172.3; U.S. MBA Refinance Index rose 1.3% at 3,969.0; Last Week 3,918.1.

ADP Nonfarm Employment Change:
ADP July U.S. Private Sector Jobs rose 42,000; ADP July U.S. Private Sector Jobs Expected to rise 39,000.

ISM Non-Manufacturing Index:
U.S. ISM July Non-Manufacturing New Orders Index 56.7 versus June 54.4; U.S. ISM July Non-Manufacturing Employment Index 50.9 versus June 49.7; U.S. ISM July Non-Manufacturing Prices Index 52.7 versus June 53.8; U.S. ISM July Non-Manufacturing Business Index 57.4 versus June 58.1; U.S. ISM July Non-Manufacturing PMI Expected 53.1.

Crude Oil Inventories from DOE:
U.S. Crude Oil Stockpiles fell 2.784 Million Barrels at 357.98 Million Barrels; U.S. Crude Oil Stockpiles fell 2.784 Million Barrels in Week; Was Seen decreasing by 1.6 Million Barrels; U.S. Gasoline Stockpiles rose 0.729 Million Barrels at 222.974 Million Barrels; U.S. Gasoline Stockpiles rose 0.729 Million Barrels in Week; Was Seen decreasing by 0.8 Million Barrels; U.S. Distillate Stockpiles rose 2.173 Million Barrels at 169.686 Million Barrels; U.S. Refineries Ran at 91.2% capacity versus 90.6% Week Ago; U.S. Refineries Ran at 91.2%capacity; Was Seen 90.00%; U.S. Distillate Stockpiles rose 2.173 Million Barrels in Week; Was Seen increasing by 1.1 Million Barrels.

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 45.72 points, EOD 10,682.10
NYSE (New York Stock Exchange) gain 34.95, EOD 7,181.94
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 20.3 points, EOD 2,303.82
S&P 500 (SPX) gain 6.8 points, EOD 1,127.26
BEL 20 (BEL20) shed 1.1 points, EOD 2,587.82
CAC 40 (CAC40) gain 13.21 points, EOD 3,760.72
FTSE100 (UKX100) shed 10.32 points, EOD 5,386.16
NIKKEI 225 (NIK/O) shed 204.67 points, EOD 9,489.34

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,307, declined stock prices 786, unchanged stock prices 86, stock prices hitting new highs 284 and stock prices hitting new lows 16. 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: DVN gain 1.26, HOD 66.21, LOD 64.59, EOD 65.60; WMS shed 1.24, HOD 38.77, LOD 36.81, EOD 38.58; RL gain 6.32, HOD 85.88, LOD 80.00, EOD 85.63; CME shed 1.58, HOD 282.65, LOD 276.82, EOD 277.99; POT gain 4.96, HOD 111.41, LOD 107.25, EOD 111.36.
 
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,771, declined stock prices 897, unchanged stock prices 122, stock prices hitting new highs 55 and stock prices hitting new lows 26. 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: PCLN gain 51.22, HOD 286.85, LOD 272.24, EOD 281.89; GRMN shed 0.37, HOD 31.03, LOD 28.69, EOD 28.98; AAPL gain 0.91, HOD 264.28, LOD 260.31, EOD 262.84; DNDN gain 5.95, HOD 40.00, LOD 36.16, EOD 39.78; AMZN gain 5.16, HOD 128.47, LOD 123.00, EOD 127.58.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 305, declined stock prices 180, unchanged stock prices 47, stock prices hitting new highs 27 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 1124.50; Change 6.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,908.00; Change 15.00
E-mini DOW $5 (YM) Mar 10: EOD 10,640; Change 46
Nikkei 225 (Yen) Mar 10: EOD 9,620; Change -35

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7593 to U.S. Dollars 1.3200
Japanese Yen 86.2650 to U.S. Dollars 0.0115
British Pound 0.6289 to U.S. Dollars 1.5900
Canadian Dollar 1.0174 to U.S. Dollars 0.9828
Swiss Franc 1.0523 to U.S. Dollars 0.9498

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 10) shed $0.08, EOD $82.47 per barrel ($US per barrel)
Heating Oil (September 10) gain $0.00, EOD $2.20 a gallon ($US per gallon)
Natural Gas (September 10) gain $0.09, EOD $4.74 per million BTU ($US per mmbtu.)
Unleaded Gas (September 10) shed $0.01 EOD $2.18 gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 10) gain $8.50, EOD $1,193.70 ($US per Troy ounce)
Silver (August 10) shed $0.14, EOD $18.26 ($US per Troy ounce)
Platinum (August 10) shed $0.90, EOD $1,586.20 ($US per Troy ounce)
Copper (August 10) gain $0.04, EOD $3.40 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 10) shed $0.25, EOD $86.75
Pork Bellies (August 10) gain $4.50, EOD $114.00
Live Cattle (August 10) gain $1.27, EOD $93.15
Feeder Cattle (August 10) gain $0.65, EOD $113.65

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) gain $10.75, EOD $400.25
Soybeans (August 10) shed $0.50, EOD $1,053.00

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