Daily Market Commentary for March 11, 2010
Christopher Dodd
Senate Banking Committee Chairman Christopher Dodd said Thursday, he will move ahead with financial regulation regardless of bipartisan backing. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarymarch1110.aspx
Economic data released today:
Trade Balance:
U.S. December Trade Balance Revised to Deficit $39.90B from Deficit $40.18B; U.S. January Trade Deficit $37.29B; Compared to Consensus Deficit $41.0B; U.S. January Exports $142.66B, fell 0.3%; Imports $179.95B, fell 1.7%.
Initial Jobless Claims:
U.S. February 27 Week Jobless Claims Revised to 468K from 469K; U.S. February 27 Week Continuing Claims rose 37K to 4,558,000; U.S. Jobless Claims fell 6K to 462K in Week of March 6; compared to Survey of a decrease by 9K.
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 41.19 points, EOD 10,608.52
NYSE (New York Stock Exchange) gain 25.54, EOD 7,353.21
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 8.09 points, EOD 2,367.04
S&P 500 (SPX) gain 4.23 points, EOD 1,149.84
BEL 20 (BEL20) shed 20.64 points, EOD 2,613.52
CAC 40 (CAC40) shed 14.6 points, EOD 3,928.95
FTSE100 (UKX100) shed 23.31, EOD 5,617.26
NIKKEI 225 (NIK/O) gain 17.05 points, EOD 10,664.95
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,781, declined stock prices 1,300, unchanged stock prices 109, stock prices hitting new highs 282 and stock prices hitting new lows 8. 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: AIG shed 1.12, HOD 38.45, LOD 35.02, EOD 35.12; RTP shed 0.27, HOD 224.46, LOD 219.00, EOD 224.23; MA gain 0.59, HOD 250.50, LOD 246.14, EOD 250.19; CME gain 5.38, HOD 313.28, LOD 305.92, EOD 313.28; BLK shed 5.29, HOD 215.46, LOD 209.65, EOD 210.41; MW shed 1.28, HOD 24.14, LOD 22.90, EOD 23.55.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,516, declined stock prices 1,140, unchanged stock prices 154, stock prices hitting new highs 195 and stock prices hitting new lows 9. 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: HITK gain 1.15, HOD 27.00, LOD 25.77, EOD 26.65; AAPL gain 0.66, HOD 225.50, LOD 223.32, EOD 225.50; IMAX shed 0.16, HOD 17.60, LOD 15.03, EOD 15.86; FSLR gain 2.74, HOD 115.70, LOD 109.95, EOD 113.69; GYMB gain 5.09, HOD 51.94, LOD 49.15, EOD 51.38; BIDU gain 4.93, HOD 556.37, LOD 545.38, EOD 554.10; HOLX gain 1.73, HOD 19.56, LOD 17.40, EOD 19.28; GEOY gain 3.77, HOD 29.35, LOD 27.00, EOD 28.50; HOTT shed 0.30, HOD 6.56, LOD 6.10, EOD 6.25.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 268, declined stock prices 211, unchanged stock prices 49, stock prices hitting new highs 23 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 1149.50; Change 3.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,923.00; Change 4.25
E-mini DOW $5 (YM) Mar 10: EOD 10,606; Change 41
E-mini S&P MidCap 400 (MF) Mar 10: EOD 781.90; Change 4.30
Nikkei 225 (Yen) Mar 10: EOD 10,700; Change 85
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7310 U.S. Dollars 1.3680
Japanese Yen 90.5500 to U.S. Dollars 0.0110
British Pound 0.6641 to U.S. Dollars 1.5059
Canadian Dollar 1.0238 to U.S. Dollars 0.9768
Swiss Franc 1.0683 to U.S. Dollars 0.9361
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 10) gain $0.12, EOD $82.21 per barrel ($US per barrel)
Heating Oil (April 10) unchanged, EOD $2.12 a gallon ($US per gallon)
Natural Gas (May 10) shed $0.11, EOD $4.51 per million BTU ($US per mmbtu.)
Unleaded Gas (April 10) shed $0.01, EOD $2.27 gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 10) unchanged, EOD $1,108.10 ($US per Troy ounce)
Silver (May 10) gain $0.15, EOD $17.17 ($US per Troy ounce)
Platinum (April 10) gain $20.80, EOD $1,611.00 ($US per Troy ounce)
Copper (May 10) gain $0.01, EOD $3.38 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 10) shed $0.45, EOD $80.20
Pork Bellies (May 10) shed $0.50, EOD $92.50
Live Cattle (June 10) gain $0.23, EOD $91.95
Feeder Cattle (April 10) gain $0.08, EOD $105.10
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) unchanged, EOD $365.25
Soybeans (May 10) shed $26.50, EOD $930.50
BOND MARKET:
2 year EOD 99 27/32, change -3/32, Yield 0.95, Yield change 0.05
5 year EOD 99 26/32, change -5/32, Yield 2.41 Yield change 0.03
10 year EOD 99 5/32, change 2.10/32, Yield 3.72 Yield change 0.00
30 year EOD 99 10/32, change 12/32, Yield 4.66, change -0.02
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March 11, 2010
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