Daily Market Commentary for March 3, 2010

Job Loss Statistics

Newest job loss statistics came today from payroll-processing firm Automatic Data Processing. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA [Mortgage Bankers Association] Mortgage Applications:
U.S. MBA Market Index rose 14.6% at 629.9; Last Week 549.5; U.S. MBA Purchase Index rose 9.0% at 214.5; Last Week 196.8; U.S. MBA Refinance Index rose 17.2% at 3,054.3; Last Week 2,605.3.

ADP Nonfarm Employment Change:
ADP February U.S. Private Sector Jobs Expected to fall 50,000; ADP Sees February U.S. Private Sector Jobs falling 20,000.

ISM [Institute for Supply Management] Non-Manufacturing Index:
U.S. ISM February Non-Manufacturing New Orders Index 55.0 Versus January 54.7; U.S. ISM February Non-Manufacturing Prices Index 60.4 versus January 61.2; U.S. ISM February Non-Manufacturing Employment Index 48.6 versus January 44.6; U.S. ISM February Non-Manufacturing Business Index 54.8 versus January 52.2; U.S. ISM February Non-Manufacturing PMI Expected 51.0; U.S. ISM February Non-Manufacturing PMI 53.0 versus January 50.5.

Crude Oil Inventories released by DOE [Department of Energy]:
U.S. Refineries Ran at 81.9% capacity; was seen 81.20%; U.S. Refineries Ran at 81.9% capacity versus 81.2% week ago; U.S. Distillate Stockpiles fell 0.843 Million Barrels in week; was seen decreasing by 0.7 Million Barrels; U.S. Distillate Stockpiles fell 0.843 Million Barrels at 151.821 Million Barrels; U.S. Gasoline Stockpiles rose 0.773 Million Barrels in week; was seen increasing by 0.7 Million Barrels; U.S. Gasoline Stockpiles rose 0.773 Million Barrels at 231.943 Million Barrels; U.S. Crude Oil Stockpiles rose 4.034 Million Barrels in week; was seen increasing by 1 Million Barrels; U.S. Crude Oil Stockpiles rose 4.034 Million Barrels at 341.571 Million Barrels.

Fed Beige Book:
Price pressures limited except some raw materials; Loan demand weak, loan standards remain tight; Commercial real estate, construction weak; High-tech, auto, metal industries strengthen; Consumer spending a bit better than last report; U.S. labor market soft, but a few good signs seen; Richmond activity slackened due to February storms; Nine of 12 Fed districts saw slight improvement; U.S. economy improved a bit despite February storms.

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 9.90 points, EOD 10,396.08
NYSE (New York Stock Exchange) gain 28.69, EOD 7,164.66
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 0.48 points, EOD 2,280.31
S&P 500 (SPX) gain 0.18 points, EOD 1,118.49
BEL 20 (BEL20) gain 33.79 points, EOD 2,592.56
CAC 40 (CAC40) gain 30.6 points, EOD 3,842.52
FTSE100 (UKX100) triple digit gain 254.99, EOD 5,533.21
NIKKEI 225 (NIK/O) gain 51.32 points, EOD 10,253.14

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,665 declined stock prices 1,393 unchanged stock prices 120, stock prices hitting new highs 293 and stock prices hitting new lows 2. 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: RTP gain 6.84, HOD 222.36, LOD 216.51, EOD 219.66; AZO shed 0.17, HOD 166.27, LOD 162.57, EOD 164.57; ARD shed 3.31, HOD 34.99, LOD 31.65, EOD 31.91; FTI gain 3.06, HOD 62.15, LOD 57.49, EOD 60.61; RIG gain 1.42, HOD 83.09, LOD 81.21, EOD 82.61; MA gain 0.34, HOD 234.49, LOD 231.00, EOD 232.15; CME shed 3.60, HOD 311.14, LOD 302.37, EOD 305.86; POT shed 0.20, HOD 117.24, LOD 114.10, EOD 115.25; CF gain 0.36, HOD 110.00, LOD 104.55, EOD 106.78; ALJ shed 0.04, HOD 7.33, LOD 7.00, EOD 7.16.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,435, declined stock prices 1,259, unchanged stock prices 132, stock prices hitting new highs 194 and stock prices hitting new lows 11. 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: MDVN shed 27.15, HOD 13.55, LOD 12.55, EOD 13.10; VISN shed 3.11, HOD 5.94, LOD 5.01, EOD 5.09; NFLX shed 1.43, HOD 68.39, LOD 65.62, EOD 67.55; BIDU shed 1.86, HOD 518.07, LOD 512.51, EOD 517.02; JAKK shed 0.58, HOD 12.20, LOD 11.32, EOD 11.92; HSNI gain 2.03, HOD 27.34, LOD 24.57, EOD 24.73; CERN shed 0.91, HOD 84.16, LOD 82.44, EOD 82.95; CSIQ gain 0.30, HOD 21.60, LOD 20.30, EOD 20.53; REXX gain 1.02, HOD 14.21, LOD 13.50, EOD 13.52.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 274, declined stock prices 207, unchanged stock prices 45, stock prices hitting new highs 22 and stock prices hitting new lows 1.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1117.25; Change -0.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,850.50; Change -1.75
E-mini DOW $5 (YM) Mar 10: EOD 10,379; Change -20
E-mini S&P MidCap 400 (MF) Mar 10: EOD 757.90; Change 2.50
Nikkei 225 (Yen) Mar 10: EOD 10,240; Change 0.0

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7302 U.S. Dollars 1.3695
Japanese Yen 88.4100 to U.S. Dollars 0.0113
British Pound 0.6623 to U.S. Dollars 1.5098
Canadian Dollar 1.0317 to U.S. Dollars 0.9693
Swiss Franc 1.0679 to U.S. Dollars 0.9364

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 10) gain $1.22, EOD $80.90 per barrel ($US per barrel)
Heating Oil (April 10) gain $0.04, EOD $2.09 a gallon ($US per gallon)
Natural Gas (April 10) gain $0.05, EOD $4.75 per million BTU ($US per mmbtu.)
Unleaded Gas (April 10) gain $0.05, EOD $2.25 gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 10) gain $6.60, EOD $1,143.30 ($US per Troy ounce)
Silver (May 10) gain $0.25, EOD $17.31 ($US per Troy ounce)
Platinum (April 10) gain $1.50, EOD $1,577.50 ($US per Troy ounce)
Copper (May 10) gain $0.02, EOD $3.43 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) gain $0.95, EOD $73.40
Pork Bellies (May 10) shed $0.83, EOD $94.75
Live Cattle (April 10) gain $0.13, EOD $92.90
Feeder Cattle (April 10) gain $0.33, EOD $104.75

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) gain $4.75, EOD $386.25
Soybeans (May 10) unchanged $0.00, EOD $963.50

BOND MARKET:
2 year EOD 100 3/32, change -2/32, Yield 0.81, Yield change 0.02
5 year EOD 100 15/32, change -1/32, Yield 2.27 Yield change 0.01
10 year EOD 100, change -4/32, Yield 3.62 Yield change 0.02
30 year EOD 100 20/32, change -9/32, Yield 4.58, change 0.02

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