Daily Market Commentary for May 5, 2011
Unemployment Claims Rise Unexpectedly
Last week's unemployment claims rise unexpectedly adding to the disappointment from yesterday's report on jobs. (Read more at http://www.millennium-traders.com/news/UnemploymentClaimsRiseUnexpectedly.aspxMillennium-Traders.Com
Economic data released today:
Initial Jobless Claims:
Labor Department Analyst: Claims Surge Due to One-Time Factors; U.S. April 23 Week Jobless Claims Revised to 431K from 429K; U.S. Jobless Claims rose 43K to 474K in April 30 Week; Compared to Survey of a decrease by 19K.
Continuing Jobless Claims:
U.S. April 23 Week Continuing Claims rose 74K to 3,733,000.
U.S. 4Q Non-Farm Productivity Revised to +2.9%.
Unit Labor Costs:
U.S. 4Q Unit Labor Costs Revised to -1.0%; U.S. 1Q Unit Labor Costs rose 1.0%; Compared to Consensus of an increase by 1.0%.
Bloomberg Consumer Confidence:
U.S. Bloomberg Consumer Comfort Index fell 46.2 Last Week.
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 140.47 points, EOD 12,583.11
NYSE (New York Stock Exchange) shed 113.67, EOD 8,392.94
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 14.02 points, EOD 2,814.21
S&P 500 (SPX) shed 12.42 points, EOD 1,334.90
BEL 20 (BEL20) shed 7.53 points, EOD 2,693.74
CAC 40 (CAC40) shed 38.26 points, EOD 4,004.87
FTSE100 (UKX100) shed 64.09 points, EOD 5,919.98
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 1,160, declined stock prices 1,931, unchanged stock prices 84, stock prices hitting new highs 100 and stock prices hitting new lows 39. 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 54.53, HOD 217.00, LOD 178.03, EOD 179.67; TBL shed 54.53, HOD 217.00, LOD 178.03, EOD 179.67; MCP shed 3.57, HOD 71.44, LOD 68.10, EOD 68.44; UCO shed 10.51, HOD 55.08, LOD 47.23, EOD 47.84.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,017, declined stock prices 1,598, unchanged stock prices 133, stock prices hitting new highs 51 and stock prices hitting new lows 53. 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: NFLX gain 1.12, HOD 233.78, LOD 226.22, EOD 230.31; SINA gain 3.50, HOD 125.90, LOD 118.50, EOD 122.26; MSTR shed 5.50, HOD 139.97, LOD 128.22, EOD 134.77; WFMI gain 0.21, HOD 62.98, LOD 59.55, EOD 59.95.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 179, declined stock prices 300, unchanged stock prices 28, stock prices hitting new highs 6 and stock prices hitting new lows 10.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1330.25; Change -12.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2370.25; Change -13.75
E-mini DOW $5 (YM) Mar 10: EOD 12,526; Change -146
Nikkei 225 (Yen) Mar 10: EOD 9740; Change -105
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6881 to U.S. Dollars 1.45
Japanese Yen 80.1550 to U.S. Dollars 0.0125
British Pound 0.6103 to U.S. Dollars 1.6400
Canadian Dollar 0.9684 to U.S. Dollars 1.03
Swiss Franc 0.8704 to U.S. Dollars 1.15
Energy Sector - Nymex:
Light Crude (June 11) unchanged, EOD $109.24 per barrel ($US per barrel)
Heating Oil (June 11) shed $0.17, EOD $2.97 a gallon ($US per gallon)
Natural Gas (June 11) shed $0.03, EOD $4.26 per million BTU ($US per mmbtu.)
Unleaded Gas (June 11) gain $0.22, EOD $3.10 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (June 11) shed $33.90, EOD $1,481.40 ($US per Troy ounce)
Silver (July 11) shed $3.14, EOD $36.24 ($US per Troy ounce)
Platinum (July 11) shed $48.10, EOD $1,778.20 ($US per Troy ounce)
Copper (July 11) shed $0.13, EOD $4.00 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) gain $0.30, EOD $92.45
Pork Bellies (February 12) unchanged, EOD $120.00
Live Cattle (June 11) shed $0.80, EOD $109.75
Feeder Cattle (August 11) shed $1.20, EOD $131.72
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 11) shed $19.75, EOD $709.75
Soybeans (November 11) shed $31.75, EOD $1,306.75
Opt-in to our free Weekly Market News sent via email, first trading day of the week. Review market news and trading action for the week plus, see what is ahead for the upcoming trading week.
Detailed performance by service and date on our News & Commentary. Access our FREE Monthly Trading Lesson posted on our website.
One week free trial available to our Weekly Swing Trades service.
Follow us now on Twitter
Should mankind spend more time exploring the depths of the oceans? Viewers Poll
Thanks for readinghttp://www.millennium-traders.com/index.aspxMillennium-Traders.Com