Daily Market Commentary for May 7, 2010
Wall Street News
Following yesterday's Wall Street news, stocks continued the same pattern this morning. (Read more at Millennium-Traders.Com)
Economic data released today:
Nonfarm Payrolls:
U.S. April Nonfarm Payrolls rose 290K; Compared to Consensus of an increase by 180K; April Nonfarm Payroll Increase is Largest Since March 2006; U.S. April Manufacturing Payrolls rose 44K; Service-Producing rose 225K; U.S. March Payrolls Revised to rise 230K from an increase by 162K; April Census Temporary Hiring rose 66K; U.S. April Government Payrolls rose 59K; Federal rose 65K.
Unemployment Rate:
U.S. March Unemployment Left Unrevised at 9.7%; U.S. April Unemployment Rate 9.9%; Compared to Consensus 9.7%.
Average Hourly Earnings (MoM):
U.S. April Average Hourly Earnings rose 0.01 to $22.47.
Average Weekly Hours:
U.S. April Overall Workweek rose 0.1 Hour to 34.1 Hours.
Consumer Credit:
U.S. March Consumer Credit Increased $2.0B; March Credit-Card Use Falls 18th Consecutive Month; February Consumer Credit Revised to Down $6.2B from Down $11.5B.
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 142.68 points, EOD 10,377.64
NYSE (New York Stock Exchange) shed 94.90, EOD 6,917.02
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 54.43 points, EOD 2,265.21
S&P 500 (SPX) shed 17.59 points, EOD 1,110.56
BEL 20 (BEL20) shed 103.97 points, EOD 2,296.81
CAC 40 (CAC40) shed 163.52 points, EOD 3,392.59
FTSE100 (UKX100) shed 137.97 points, EOD 5,123.02
NIKKEI 225 (NIK/O) shed 331.1, EOD 10,364.59
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 913, declined stock prices 2,245, unchanged stock prices 65, stock prices hitting new highs 20 and stock prices hitting new lows 60. 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: MIR shed 0.27, HOD 11.35, LOD 10.25, EOD 10.51; FAS shed 1.27, HOD 29.58, LOD 25.88, EOD 26.90; GS gain 0.42, HOD 146.00, LOD 141.65, EOD 142.74; AIG gain 2.01, HOD 40.00, LOD 35.24, EOD 38.76.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 618, declined stock prices 2,135, unchanged stock prices 97, stock prices hitting new highs 19 and stock prices hitting new lows 85. 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: LEAP shed 2.63, HOD 16.31, LOD 13.87, EOD 14.51; HANS shed 4.76, HOD 38.60, LOD 34.15, EOD 37.78; AAPL shed 10.99, HOD 246.57, LOD 225.21, EOD 235.26; PCLN shed 7.09, HOD 236.17, LOD 224.40, EOD 226.01; BIDU shed 27.96, HOD 670.14, LOD 630.00, EOD 640.07; ISRG shed 13.07, HOD 337.99, LOD 312.13, EOD 324.22.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 192, declined stock prices 319, unchanged stock prices 28, stock prices hitting new highs 5 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 1105.50; Change -17.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,847.25; Change -38.75
E-mini DOW $5 (YM) Mar 10: EOD 10,341; Change -116
E-mini S&P MidCap 400 (MF) Mar 10: EOD 755.80; Change -18.10
Nikkei 225 (Yen) Mar 10: EOD 10,155; Change -20
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7865 to U.S. Dollars 1.2700
Japanese Yen 91.2650 to U.S. Dollars 0.0109
British Pound 0.6759 to U.S. Dollars 1.4800
Canadian Dollar 1.0431 to U.S. Dollars 0.9564
Swiss Franc 1.1089 to U.S. Dollars 0.9016
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (June 10) shed $2.00, EOD $75.11 per barrel ($US per barrel)
Heating Oil (June 10) shed $0.03, EOD $2.08 a gallon ($US per gallon)
Natural Gas (June 10) gain $0.08, EOD $4.02 per million BTU ($US per mmbtu.)
Unleaded Gas (June 10) shed $0.03, EOD $2.13 gallon ($US per gallon)
Metals Markets - Comex:
Gold (May 10) gain $13.10, EOD $1,196.90 ($US per Troy ounce)
Silver (May 10) gain $0.93, EOD $18.43 ($US per Troy ounce)
Platinum (May 10) shed $0.70, EOD $1,664.80 ($US per Troy ounce)
Copper (May 10) gain $0.02, EOD $3.13 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (May 10) shed $0.52, EOD $88.50
Pork Bellies (May 10) unchanged, EOD $102.70
Live Cattle (June 10) shed $0.05 EOD $95.90
Feeder Cattle (May 10) shed $0.92, EOD $112.42
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) gain $0.75, EOD $364.75
Soybeans (May 10) gain $5.75, EOD $951.25
Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.
Visitors may subscribe to our free Weekly Market News for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.
Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
Wall Street News
Following yesterday's Wall Street news, stocks continued the same pattern this morning. (Read more at Millennium-Traders.Com)
Economic data released today:
Nonfarm Payrolls:
U.S. April Nonfarm Payrolls rose 290K; Compared to Consensus of an increase by 180K; April Nonfarm Payroll Increase is Largest Since March 2006; U.S. April Manufacturing Payrolls rose 44K; Service-Producing rose 225K; U.S. March Payrolls Revised to rise 230K from an increase by 162K; April Census Temporary Hiring rose 66K; U.S. April Government Payrolls rose 59K; Federal rose 65K.
Unemployment Rate:
U.S. March Unemployment Left Unrevised at 9.7%; U.S. April Unemployment Rate 9.9%; Compared to Consensus 9.7%.
Average Hourly Earnings (MoM):
U.S. April Average Hourly Earnings rose 0.01 to $22.47.
Average Weekly Hours:
U.S. April Overall Workweek rose 0.1 Hour to 34.1 Hours.
Consumer Credit:
U.S. March Consumer Credit Increased $2.0B; March Credit-Card Use Falls 18th Consecutive Month; February Consumer Credit Revised to Down $6.2B from Down $11.5B.
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 142.68 points, EOD 10,377.64
NYSE (New York Stock Exchange) shed 94.90, EOD 6,917.02
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 54.43 points, EOD 2,265.21
S&P 500 (SPX) shed 17.59 points, EOD 1,110.56
BEL 20 (BEL20) shed 103.97 points, EOD 2,296.81
CAC 40 (CAC40) shed 163.52 points, EOD 3,392.59
FTSE100 (UKX100) shed 137.97 points, EOD 5,123.02
NIKKEI 225 (NIK/O) shed 331.1, EOD 10,364.59
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 913, declined stock prices 2,245, unchanged stock prices 65, stock prices hitting new highs 20 and stock prices hitting new lows 60. 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: MIR shed 0.27, HOD 11.35, LOD 10.25, EOD 10.51; FAS shed 1.27, HOD 29.58, LOD 25.88, EOD 26.90; GS gain 0.42, HOD 146.00, LOD 141.65, EOD 142.74; AIG gain 2.01, HOD 40.00, LOD 35.24, EOD 38.76.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 618, declined stock prices 2,135, unchanged stock prices 97, stock prices hitting new highs 19 and stock prices hitting new lows 85. 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: LEAP shed 2.63, HOD 16.31, LOD 13.87, EOD 14.51; HANS shed 4.76, HOD 38.60, LOD 34.15, EOD 37.78; AAPL shed 10.99, HOD 246.57, LOD 225.21, EOD 235.26; PCLN shed 7.09, HOD 236.17, LOD 224.40, EOD 226.01; BIDU shed 27.96, HOD 670.14, LOD 630.00, EOD 640.07; ISRG shed 13.07, HOD 337.99, LOD 312.13, EOD 324.22.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 192, declined stock prices 319, unchanged stock prices 28, stock prices hitting new highs 5 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 1105.50; Change -17.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,847.25; Change -38.75
E-mini DOW $5 (YM) Mar 10: EOD 10,341; Change -116
E-mini S&P MidCap 400 (MF) Mar 10: EOD 755.80; Change -18.10
Nikkei 225 (Yen) Mar 10: EOD 10,155; Change -20
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7865 to U.S. Dollars 1.2700
Japanese Yen 91.2650 to U.S. Dollars 0.0109
British Pound 0.6759 to U.S. Dollars 1.4800
Canadian Dollar 1.0431 to U.S. Dollars 0.9564
Swiss Franc 1.1089 to U.S. Dollars 0.9016
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (June 10) shed $2.00, EOD $75.11 per barrel ($US per barrel)
Heating Oil (June 10) shed $0.03, EOD $2.08 a gallon ($US per gallon)
Natural Gas (June 10) gain $0.08, EOD $4.02 per million BTU ($US per mmbtu.)
Unleaded Gas (June 10) shed $0.03, EOD $2.13 gallon ($US per gallon)
Metals Markets - Comex:
Gold (May 10) gain $13.10, EOD $1,196.90 ($US per Troy ounce)
Silver (May 10) gain $0.93, EOD $18.43 ($US per Troy ounce)
Platinum (May 10) shed $0.70, EOD $1,664.80 ($US per Troy ounce)
Copper (May 10) gain $0.02, EOD $3.13 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (May 10) shed $0.52, EOD $88.50
Pork Bellies (May 10) unchanged, EOD $102.70
Live Cattle (June 10) shed $0.05 EOD $95.90
Feeder Cattle (May 10) shed $0.92, EOD $112.42
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) gain $0.75, EOD $364.75
Soybeans (May 10) gain $5.75, EOD $951.25
Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.
Visitors may subscribe to our free Weekly Market News for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.
Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
