Daily Market Commentary for May 24, 2010

Global Economic Outlook

Investors seemed less concerned over the global economic outlook this morning after the National Association of Realtors gave their report on the housing market. (Read more at Millennium-Traders.Com)

Economic data released today:

Existing Home Sales:
U.S. Inventory of Unsold U.S. Homes at 8.4 Months Supply; U.S. April Median Existing Home Price rose 4.0% on Year to $173,100; U.S. April Existing Home Sales Consensus 5.60M Rate; U.S. April Existing Home Sales rose 7.6% to 5.77M Rate.

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 130.22 points, EOD 10,063.17
NYSE (New York Stock Exchange) shed 108.70, EOD 6,666.75
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 15.18 points, EOD 2,213.86
S&P 500 (SPX) shed 14.24 points, EOD 1,073.45
BEL 20 (BEL20) gain 6.8 points, EOD 2,402.45
CAC 40 (CAC40) shed 0.19 points, EOD 3,430.93
FTSE100 (UKX100) gain 6.68 points, EOD 5,069.61
NIKKEI 225 (NIK/O) shed 26.14, EOD 9,758.40

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,183, declined stock prices 1,927, unchanged stock prices 99, stock prices hitting new highs 20 and stock prices hitting new lows 28. 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: TOT shed 0.88, HOD 45.73, LOD 45.02, EOD 45.14; DWA shed 3.81, HOD N/A, LOD 30.09, EOD 31.06; MA shed 3.63, HOD 216.49, LOD 210.07, EOD 210.22; V gain 0.55, HOD 76.20, LOD 73.75, EOD 74.75; CME gain 4.93, HOD 330.99, LOD 315.03, EOD 323.44; GS shed 4.03, HOD 142.95, LOD 136.54, EOD 136.59; CPB shed 0.09, HOD 35.59, LOD 34.80, EOD 35.39; YGE shed 0.16, HOD 10.13, LOD 9.40, EOD 9.41; KFN gain 0.35, HOD 8.22, LOD 7.90, EOD 7.91.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 9435, declined stock prices 1,762, unchanged stock prices 126, stock prices hitting new highs 15 and stock prices hitting new lows 58. 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: BIDU gain 0.15, HOD 73.35, LOD 70.94, EOD 71.00; AAPL gain 4.44, HOD 250.90, LOD 246.26, EOD 246.76; PCLN gain 1.90, HOD 197.50, LOD 192.68, EOD 193.14; GOOG gain 5.11, HOD 489.79, LOD 476.80, EOD 477.16; GENZ shed 0.93, HOD 50.00, LOD 48.42, EOD 48.48.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 240, declined stock prices 249, unchanged stock prices 29, stock prices hitting new highs 4 and stock prices hitting new lows 8.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1072.00; Change -12.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,813.00; Change 5.50
E-mini DOW $5 (YM) Mar 10: EOD 10,041; Change -119
E-mini S&P MidCap 400 (MF) Mar 10: EOD 741.20; Change -7.80
Nikkei 225 (Yen) Mar 10: EOD 9,680; Change -150

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.8068 to U.S. Dollars 1.2400
Japanese Yen 90.4550 to U.S. Dollars 0.0110
British Pound 0.6922 to U.S. Dollars 1.4400
Canadian Dollar 1.0587 to U.S. Dollars 0.9436
Swiss Franc 1.1587 to U.S. Dollars 0.8629

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 10) gain $0.17, EOD $70.21 per barrel ($US per barrel)
Heating Oil (June 10) gain $0.00, EOD $1.90 a gallon ($US per gallon)
Natural Gas (June 10) shed $0.01, EOD $4.02 per million BTU ($US per mmbtu.)
Unleaded Gas (June 10) gain $0.00, EOD $1.97 gallon ($US per gallon)

Metals Markets - Comex:
Gold (May 10) gain $18.10, EOD $1,193.80 ($US per Troy ounce)
Silver (May 10) gain $0.35, EOD $17.98 ($US per Troy ounce)
Platinum (May 10) gain $33.30, EOD $1,532.50 ($US per Troy ounce)
Copper (May 10) unchanged, EOD $3.05 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 10) gain $0.42, EOD $81.88
Pork Bellies (May 10) gain $1.90, EOD $112.00
Live Cattle (June 10) shed $0.25, EOD $91.12
Feeder Cattle (May 10) shed $0.67, EOD $108.08

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) gain $2.00, EOD $371.00
Soybeans (May 10) shed $0.50, EOD $46.50

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