Daily Market Commentary for May 2, 2011

Osama Bin Laden’s Death Lifted Stocks
 
Osama Bin Laden's death lifted stocks today as investors welcomed the news. (Read more at http://www.millennium-traders.com/news/OsamaBinLadensDeathLiftedStocks.aspxMillennium-Traders.Com)

Economic data released today:

ISM Manufacturing Index:
U.S. ISM April Production Index 63.8 versus March 69.0; U.S. ISM April Employment Index 62.7 versus March 63.0; U.S. ISM April New Orders Index 61.7 versus March 63.3; U.S. ISM April Prices Index 85.5 versus March 85.0; U.S. ISM April Inventories Index 53.6 versus March 47.4.

ISM Manufacturing Prices:
U.S. ISM April Manufacturing PMI 60.4 versus March 61.2; U.S. ISM April Manufacturing PMI Expected 59.5.

Construction Spending:
February Construction Spending Revised to -2.4% from -1.4%; U.S. Construction Spending rose 1.4% in March; Compared to Consensus of an increase by 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 3.18 points, EOD 12,807.36
NYSE (New York Stock Exchange) shed 22.14, EOD 8,648.84
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 9.5 points, EOD 2,864.04
S&P 500 (SPX) shed 2.44 points, EOD 1,361.17
BEL 20 (BEL20) shed 0.09 points, EOD 2,768.25
CAC 40 (CAC40) gain 1.85 points, EOD 4,108.77
FTSE100 (UKX100) unchanged, EOD 6,069.90
NIKKEI 225 (NIK/O) triple digit gain 154.4, EOD 10,004.20

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,249, declined stock prices 1,818, unchanged stock prices 99, stock prices hitting new highs 337 and stock prices hitting new lows 20. 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 64.27, HOD 349.21, LOD 294.27, EOD 294.69; VRX shed 2.95, HOD 49.93, LOD 47.45, EOD 49.68; SLV shed 4.16, HOD 46.23, LOD 42.70, EOD 42.72; CME gain 1.22, HOD 298.95, LOD 295.50, EOD 296.99; EOG shed 2.38, HOD 113.80, LOD 110.55, EOD 110.67.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 862, declined stock prices 1,832, unchanged stock prices 86, stock prices hitting new highs 178 and stock prices hitting new lows 30. 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 shed 0.63, HOD 43.96, LOD 42.63, EOD 42.80; DISH gain 4.18, HOD 29.95, LOD 27.50, EOD 29.23; WFMI shed 3.35, HOD 61.75, LOD 59.25, EOD 59.41; SINA gain 0.02, HOD 139.38, LOD 134.52, EOD 134.77; REGN gain 2.62, HOD 54.19, LOD 50.02, EOD 53.66; APKT shed 4.31, HOD 83.74, LOD 78.01, EOD 78.30; ACOM shed 3.89, HOD 45.78, LOD 41.80, EOD 41.81.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 199, declined stock prices 289, unchanged stock prices 27, stock prices hitting new highs 20 and stock prices hitting new lows 2.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1357.75; Change -2.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 12,401.00; Change 0.25
E-mini DOW $5 (YM) Mar 10: EOD 12,755; Change -1
Nikkei 225 (Yen) Mar 10: EOD 9970; Change 35

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6742 to U.S. Dollars 1.48
Japanese Yen 81.2450 to U.S. Dollars 0.0123
British Pound 0.6003 to U.S. Dollars 1.6700
Canadian Dollar 0.9504 to U.S. Dollars 1.05
Swiss Franc 0.8652 to U.S. Dollars 1.16

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (June 11) shed $0.41, EOD $113.52 per barrel ($US per barrel)
Heating Oil (June 11) shed $0.02, EOD $3.25 a gallon ($US per gallon)
Natural Gas (May 11) shed $0.00, EOD $4.69 per million BTU ($US per mmbtu.)
Unleaded Gas (June 11) shed $0.05, EOD $3.35 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 11) gain $0.70, EOD $1,557.10 ($US per Troy ounce)
Silver (July 11) shed $2.51, EOD $46.08 ($US per Troy ounce)
Platinum (July 11) gain $10.20, EOD $1,875.70 ($US per Troy ounce)
Copper (July 11) gain $0.01, EOD $4.20 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) gain $0.25, EOD $95.45
Pork Bellies (February 12) unchanged, EOD $120.00
Live Cattle (June 11) shed $1.45, EOD $111.90
Feeder Cattle (August 11) shed $1.12, EOD $134.82

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 11) shed $22.00, EOD $734.50
Soybeans (November 11) shed $0.50, EOD $1,373.75

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