Daily Market Commentary for April 1, 2011

Unemployment Rate Falls to Two Year Low
 
Last month's unemployment rate falls to two year low as employers add more jobs than expected. (Read more at http://www.millennium-traders.com/news/UnemploymentRateFallstoTwoYearLow.aspx )

Economic data released today:

Nonfarm Payrolls:
U.S. February Payrolls Revised to rose 194K from +192K; U.S. March Government Payrolls fell 14K; Federal rose 1K; U.S. March Manufacturing Payrolls rose 17K; Service-Producing rose 185K; U.S. March Private Payrolls rose 230K; U.S. March Nonfarm Payrolls rose 216K; Compared to Consensus of an increase by 195K.

Unemployment Rate:
U.S. February Unemployment Left Unrevised at 8.9%; U.S. March Unemployment Rate 8.8%; Compared to Consensus of 8.9%.

Average Hourly Earnings:
U.S. March Average Hourly Earnings Unchanged at $22.87.

Average Weekly Hours:
U.S. March Overall Workweek Unchanged at 34.3 Hours.

ISM Manufacturing Index:
U.S. ISM March Inventories Index 47.4 versus February 48.8; U.S. ISM March Production Index 69.0 versus February 66.3; U.S. ISM March New Orders Index 63.3 versus February 68.0; U.S. ISM March Employment Index 63.0 versus February 64.5; U.S. ISM March Prices Index 85.0 versus February 82.0; U.S. ISM March Manufacturing PMI Expected 61.0.

Construction Spending:
January Construction Spending Revised to -1.8% from -0.7%; Construction Spending Drop is 3rd in Row; Lowest in 11 Yrs; US Construction Spending fell 1.4% in February; Compared to Consensus of an increase by 0.2%; U.S. ISM March Manufacturing PMI 61.2 versus February 61.4.

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) gain 56.46 points, EOD 12,376.19
NYSE (New York Stock Exchange) shed 52.40, EOD 8,413.05
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 5.22 points, EOD 2,786.29
S&P 500 (SPX) gain 5.63 points, EOD 1,331.46
BEL 20 (BEL20) gain 27.67 points, EOD 2,689.84
CAC 40 (CAC40) gain 65.58 points, EOD 4,054.76
FTSE100 (UKX100) triple digit gain 101.16 points, EOD 6,009.92
NIKKEI 225 (NIK/O) shed 46.71 points, EOD 9,708.39

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,021, declined stock prices 1,064, unchanged stock prices 91, stock prices hitting new highs 376 and stock prices hitting new lows 19. 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: CRM gain 0.46, HOD 136.69, LOD 133.28, EOD 134.04; MCP shed 0.80, HOD 60.96, LOD 58.91, EOD 59.22; CME gain 2.67, HOD 307.68, LOD 301.13, EOD 304.22; CDE shed 0.59, HOD 34.67, LOD 33.80, EOD 34.19; DFS gain 0.04, HOD 24.84, LOD 24.02, EOD 24.16; ANR gain 0.89, HOD 60.75, LOD 59.53, EOD 60.26; CAR gain 0.03, HOD 18.34, LOD 17.60, EOD 17.94; NYX gain 4.43, HOD 39.75, LOD 38.67, EOD 39.60; LVS gain 1.4436, HOD 44.24, LOD 43.16, EOD 43.65; CF gain 2.50, HOD 141.00, LOD 137.31, EOD 139.29.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,470, declined stock prices 1,179, unchanged stock prices 114, stock prices hitting new highs 252 and stock prices hitting new lows 28. 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: APKT shed 3.17, HOD 72.10, LOD 67.00, EOD 67.79; LOGM gain 3.92, HOD 49.50, LOD 41.94, EOD 46.08; WYNN gain 5.85, HOD 135.85, LOD 129.71, EOD 133.01; FFIV shed 9.01, HOD 100.72, LOD 93.41, EOD 93.56; ATPG shed 0.32, HOD 18.30, LOD 17.66, EOD 17.79; NFLX gain 4.31, HOD 244.44, LOD 240.40, EOD 242.09; LOGI shed 3.42, HOD 15.24, LOD 14.71, EOD 14.71; AAPL shed 3.95, HOD 351.59, LOD 343.30, EOD 344.56.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 262, declined stock prices 213, unchanged stock prices 33, stock prices hitting new highs 20 and stock prices hitting new lows 4.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1328.00; Change 7.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,339.50; Change 3.25
E-mini DOW $5 (YM) Mar 10: EOD 12,310; Change 58
Nikkei 225 (Yen) Mar 10: EOD 9830; Change 110

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7030 to U.S. Dollars 1.42
Japanese Yen 84.0850 to U.S. Dollars 0.0119
British Pound 0.6205 to U.S. Dollars 1.6100
Canadian Dollar 0.9648 to U.S. Dollars 1.04
Swiss Franc 0.9248 to U.S. Dollars 1.08

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (May 11) gain $1.22, EOD $107.94 per barrel ($US per barrel)
Heating Oil (May 11) gain $0.03, EOD $3.15 a gallon ($US per gallon)
Natural Gas (May 11) shed $0.02, EOD $4.36 per million BTU ($US per mmbtu.)
Unleaded Gas (May 11) gain $0.04, EOD $3.15 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 11) shed $11.00, EOD $1,428.90 ($US per Troy ounce)
Silver (May 11) shed $0.15, EOD $37.73 ($US per Troy ounce)
Platinum (April 11) shed $6.30, EOD $1,776.90 ($US per Troy ounce)
Copper (May 11) shed $0.04, EOD $4.26 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) shed $0.27, EOD $103.60
Pork Bellies (February 12) unchanged, EOD $120.00
Live Cattle (June 11) gain $0.22, EOD $121.20
Feeder Cattle (August 11) gain $0.65, EOD $141.88

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 11) gain $42.75, EOD $736.00
Soybeans (May 11) shed $16.50, EOD $1,393.75

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