Daily Market Commentary for June 1, 2010

BP

Shares of BP tumbled today, after the oil giant's "top kill" plan failed to stop the oil leak in the Gulf. (Read more at Millennium-Traders.Com)

Economic data released today:

ISM Manufacturing Index:
U.S. ISM May Inventories Index 45.6 versus April 49.4; U.S. ISM May Production Index 66.6 versus April 66.9; U.S. ISM May New Orders Index 65.7 versus April 65.7; U.S. ISM May Employment Index 59.8 versus April 58.5; U.S. ISM May Prices Index 77.5 versus April 78.0; U.S. ISM May Manufacturing PMI Expected 58.7; U.S. ISM May Manufacturing PMI 59.7 versus April 60.4.

Construction Spending (MoM):
March Construction Spending Revised to rise 0.4% from an increase by 0.2%; April Spending Gain is Biggest in Nearly 10 Years; U.S. Construction Spending rose 2.7% in April; Compared to Consensus Unchanged.

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 79.58 points, EOD 10,057.05
NYSE (New York Stock Exchange) shed 130.51, EOD 6,661.06
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 33.05 points, EOD 2,223.99
S&P 500 (SPX) shed 19.4 point, EOD 1,070.01
BEL 20 (BEL20) gain 5.46 points, EOD 2,466.00
CAC 40 (CAC40) shed 11.98 points, EOD 3,503.08
FTSE100 (UKX100) shed 25.13 points, EOD 5,163.30
NIKKEI 225 (NIK/O) unchanged, EOD 9,762.98

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 709, declined stock prices 2,437, unchanged stock prices 67, stock prices hitting new highs 33 and stock prices hitting new lows 44. 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: BP shed 6.46, HOD 38.53, LOD 36.20, EOD 36.49; V shed 0.78, HOD 73.49, LOD 71.61, EOD 71.68; CME shed 3.60, HOD 321.00, LOD 312.96, EOD 313.05; RIG shed 6.52, HOD 53.47, LOD 49.49, EOD 50.25

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 490, declined stock prices 2,246, unchanged stock prices 72, stock prices hitting new highs 35 and stock prices hitting new lows 63. 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 3.84, HOD 265.94, LOD 258.96, EOD 260.72; UPRO shed 6.35, HOD 138.65, LOD 130.43, EOD 130.43; FSLR shed 5.08, HOD 112.25, LOD 107.05, EOD 107.28; PCLN shed 5.75, HOD 192.00, LOD 185.22, EOD 185.43; BUCY shed 4.18, HOD 52.99, LOD 49.36, EOD 49.38.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 161, declined stock prices 335, unchanged stock prices 33, stock prices hitting new highs 7 and stock prices hitting new lows 5.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1072.75; Change -17.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,835.25; Change -16.75
E-mini DOW $5 (YM) Mar 10: EOD 10,032; Change -94
E-mini S&P MidCap 400 (MF) Mar 10: EOD 742.80; Change -19.40
Nikkei 225 (Yen) Mar 10: EOD 9,610; Change -35

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.8166 to U.S. Dollars 1.2200
Japanese Yen 91.0350 to U.S. Dollars 0.0109
British Pound 0.6824 to U.S. Dollars 1.4700
Canadian Dollar 1.0489 to U.S. Dollars 0.9496
Swiss Franc 1.1563 to U.S. Dollars 0.8647

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 10) shed $1.39, EOD $72.58 per barrel ($US per barrel)
Heating Oil (June 10) shed $0.03, EOD $1.97 a gallon ($US per gallon)
Natural Gas (July 10) shed $0.09, EOD $4.25 per million BTU ($US per mmbtu.)
Unleaded Gas (June 10) shed $0.04, EOD $1.98 gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 10) gain $12.60, EOD $1,224.80 ($US per Troy ounce)
Silver (June 10) gain $0.12, EOD $18.54 ($US per Troy ounce)
Platinum (June 10) unchanged, EOD $1,547.40 ($US per Troy ounce)
Copper (June 10) shed $0.04, EOD $3.05 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 10) shed $0.45, EOD $81.40
Pork Bellies (July 10) shed $0.85, EOD $102.05
Live Cattle (June 10) gain $0.27, EOD $90.80
Feeder Cattle (May 10) gain $1.05, EOD $109.48

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 10) shed $5.00, EOD $354.00
Soybeans (July 10) shed $5.75, EOD $932.00

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