Daily Market Commentary for March 3, 2011

Unemployment Report

Stocks rallied triple digits after the latest unemployment report was released. (Read more at http://www.millennium-traders.com/news/marketcommentarymarch32011.aspxMillennium-Traders.Com)

Economic data released today:

Initial Jobless Claims:
U.S. Jobless Claims fell 20K to 368K in February 26 Week; Compared to Survey of an increase by 9K.

Continuing Jobless Claims:
U.S. February 19 Week Jobless Claims Revised to 388K from 391K; U.S. February 19 Week Continuing Claims fell 59K to 3,774,000.

Nonfarm Productivity:
U.S. 3Q Non-Farm Productivity Revised to rise 2.3%; U.S. 4Q Non-Farm Productivity Consensus rose 2.2%; U.S. 4Q Non-Farm Productivity Revised to rise 2.6%, Preliminary rose 2.6%.

Unit Labor Costs:
U.S. 3Q Unit Labor Costs Revised to rise 0.1%; U.S. 4Q Unit Labor Costs Consensus fell 0.4%; U.S. 4Q Unit Labor Costs Revised to fall 0.6%, Preliminary fell 0.6%.

Bloomberg Consumer Confidence:
U.S. Bloomberg Consumer Comfort Index fell 39.3 Last Week.

ISM Non-Manufacturing Index:
U.S. ISM February Non-Manufacturing New Orders Index 64.4 versus January 64.9; U.S. ISM February Non- Manufacturing Prices Index 73.3 versus January 72.1; U.S. ISM February Non- Manufacturing Employment Index 55.6 versus January 54.5; U.S. ISM February Non- Manufacturing Business Index 66.9 versus January 64.6; U.S. ISM February Non-Manufacturing PMI Expected 59.0; U.S. ISM February Non-Manufacturing PMI 59.7 versus January 59.4.

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) triple digit gain 194.58 points, EOD 12,261.38
NYSE (New York Stock Exchange) triple digit gain 123.15, EOD 8,461.91
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 49.33 points, EOD 2,797.40
S&P 500 (SPX) gain 22.15 points, EOD 1,330.59
BEL 20 (BEL20) gain 2.65 points, EOD 2,692.02
CAC 40 (CAC40) gain 26.44 points, EOD 4,060.76
FTSE100 (UKX100) gain 90.20 points, EOD 6,005.09
NIKKEI 225 (NIK/O) gain 93.64 points, EOD 10,586.02

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,450, declined stock prices 606, unchanged stock prices 111, stock prices hitting new highs 248 and stock prices hitting new lows 15. 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 5.25, HOD 193.93, LOD 184.09, EOD 189.00; CME gain 5.76, HOD 311.55, LOD 306.01, EOD 309.80; CVI gain 1.65, HOD 21.42, LOD 18.46, EOD 20.48; CRM gain 2.19, HOD 131.68, LOD 128.10, EOD 130.20.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,061, declined stock prices 626, unchanged stock prices 90, stock prices hitting new highs 159 and stock prices hitting new lows 22. 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: AAPL gain 7.32, HOD 359.79, LOD 355.92, EOD 359.44; JOYG gain 2.97, HOD 97.44, LOD 95.36, EOD 97.29; AMLN shed 3.94, HOD 12.06, LOD 11.00, EOD 11.07; NFLX shed 1.23, HOD 207.09, LOD 200.35, EOD 203.00; CCME gain 0.13, HOD 14.19, LOD 13.10, EOD 13.22; VRTX gain 2.62, HOD 50.83, LOD 47.03, EOD 49.90.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 268, declined stock prices 200, unchanged stock prices 45, stock prices hitting new highs 21 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 1331.25; Change 25.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,372.75; Change 49.50
E-mini DOW $5 (YM) Mar 10: EOD 12,262; Change 216
Nikkei 225 (Yen) Mar 10: EOD 10,725; Change 215

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7159 to U.S. Dollars 1.40
Japanese Yen 82.3350 to U.S. Dollars 0.0121
British Pound 0.6142 to U.S. Dollars 1.6300
Canadian Dollar 0.9720 to U.S. Dollars 1.03
Swiss Franc 0.9316 to U.S. Dollars 1.07

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 11) shed $0.32, EOD $101.91 per barrel ($US per barrel)
Heating Oil (April 11) shed $0.00, EOD $3.05 a gallon ($US per gallon)
Natural Gas (April 11) shed $0.04, EOD $3.78 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) shed $0.00, EOD $3.03 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 11) shed $21.30, EOD $1,416.40 ($US per Troy ounce)
Silver (March 11) shed $0.50, EOD $34.33 ($US per Troy ounce)
Platinum (April 11) shed $26.30, EOD $1,833.00 ($US per Troy ounce)
Copper (March 11) shed $0.00, EOD $4.49 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) gain $0.60, EOD $88.85
Pork Bellies (March 11) unchanged, EOD $116.50
Live Cattle (April 11) gain $2.05, EOD $114.25
Feeder Cattle (August 11) gain $0.87, EOD $134.40

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (October 11) gain $15.25, EOD $736.75
Soybeans (May 11) gain $17.75, EOD $1,412.00

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