Daily Market Commentary for February 11, 2011

Hosni Mubarak

Egyptian Vice President Omar Suleiman announced today that President Hosni Mubarak was stepping down, causing much excitement in the streets of Cairo. (Read more at Millennium-Traders.Com)

Economic data released today:

Trade Balance:
U.S. December Trade Deficit $40.58B; Compared to Consensus of a Deficit of $40.5B; November Trade Balance Revised to Deficit $38.32B from Surplus $38.31B; December Exports $162.96B, +1.8%; Imports $203.55B, +2.6%; U.S. 2010 Trade Deficit With China Hits Record $273.07B; U.S. 2010 Trade Deficit Jumps 33% on Year To $497.8B.

Michigan Consumer Sentiment Index / Expectations:
University of Michigan Mid-February Sentiment 75.1; University Michigan Mid- February Current Index 86.8; University Michigan Mid- February Expectations 67.6; University Michigan 12-Month Inflation Forecast rose 3.4%; University Michigan 5-Year Inflation Forecast rose 2.9%.

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 37.24 points, EOD 12,266.53
NYSE (New York Stock Exchange) gain 35.63, EOD 8,372.76
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 19.08 points, EOD 2,809.53
S&P 500 (SPX) gain 7.33 points, EOD 1,329.20
BEL 20 (BEL20) gain 11.2 points, EOD 2,713.66
CAC 40 (CAC40) gain 6.17 points, EOD 4,101.31
FTSE100 (UKX100) gain 42.89 points, EOD 6,062.90
NIKKEI 225 (NIK/O) shed 12.18 points, EOD 10,605.65

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,229, declined stock prices 841, unchanged stock prices 101, stock prices hitting new highs 317 and stock prices hitting new lows 14. 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: CMG gain 12.10, HOD 274.85, LOD 243.36, EOD 268.73; CRM gain 3.55, HOD 142.06, LOD 136.10, EOD 141.51; CME gain 1.04, HOD 311.47, LOD 306.13, EOD 308.76.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,812, declined stock prices 850, unchanged stock prices 128, stock prices hitting new highs 234 and stock prices hitting new lows 27. 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: EXXI shed 0.01, HOD 32.41, LOD 31.99, EOD 32.11; APKT gain 0.11, HOD 74.15, LOD 71.55, EOD 73.97; BSFT gain 1.08, HOD 38.95, LOD 37.33, EOD 38.84; FEIC gain 0.08, HOD 31.74, LOD 31.21, EOD 31.54; NILE shed 7.79, HOD 57.83, LOD 54.09, EOD 55.87; PNRA gain 16.40, HOD 119.49, LOD 109.60, EOD 116.11; EXPE shed 4.38, HOD 22.09, LOD 20.99, EOD 21.31; AKAM gain 0.68, HOD 41.84, LOD 40.98, EOD 41.43; WYNN gain 8.95, HOD 129.37, LOD 118.50, EOD 129.10; CCME shed 1.47, HOD 13.41, LOD 11.40, EOD 11.92; BIDU gain 3.79, HOD 129.65, LOD 125.30, EOD 129.58; AAPL gain 2.31, HOD 357.80, LOD 353.54, EOD 356.85; NFLX gain 7.87, HOD 231.60, LOD 223.92, EOD 231.07.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 292, declined stock prices 189, unchanged stock prices 36, stock prices hitting new highs 18 and stock prices hitting new lows 7.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1327.25; Change 8.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,378.00; Change 16.25
E-mini DOW $5 (YM) Mar 10: EOD 12,242; Change 48
Nikkei 225 (Yen) Mar 10: EOD 10,705; Change 45

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7379 to U.S. Dollars 1.36
Japanese Yen 83.4550 to U.S. Dollars 0.012
British Pound 0.6247 to U.S. Dollars 1.6100
Canadian Dollar 0.9870 to U.S. Dollars 1.01
Swiss Franc 0.9730 to U.S. Dollars 1.03

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 11) shed $1.15, EOD $85.58 per barrel ($US per barrel)
Heating Oil (March 11) shed $0.01, EOD $2.70 a gallon ($US per gallon)
Natural Gas (March 11) shed $0.07, EOD $3.91 per million BTU ($US per mmbtu.)
Unleaded Gas (March 11) shed $0.00, EOD $2.47 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 11) shed $2.10, EOD $1,360.40 ($US per Troy ounce)
Silver (March 11) shed $0.09, EOD $30.00 ($US per Troy ounce)
Platinum (April 11) shed $17.30, EOD $1,813.50 ($US per Troy ounce)
Copper (March 11) gain $0.00, EOD $4.54 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) shed $1.10, EOD $92.60
Pork Bellies (February 11) unchanged, EOD $117.00
Live Cattle (April 11) shed $0.37, EOD $112.70
Feeder Cattle (March 11) gain $1.20, EOD $126.02

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) gain $7.75, EOD $717.25
Soybeans (March 11) shed $17.00, EOD $1,416.00

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