Thread: Job Losses

Daily Market Commentary for September 9, 2010

Job Losses

With this week's unemployment report being better than expected, it keeps investors hopeful that job losses are behind us. (Read more at Millennium-Traders.Com)

Economic data released today:

Trade Balance:
July Exports $153.33B, +1.8%; Imports $196.11B, -2.1%; June Trade Balance Revised to a Deficit of $49.76B from a Deficit of $49.90B; U.S. July Trade Deficit $42.78B; Compare to Consensus of a Deficit of $47.0B.

Initial Jobless Claims:
U.S. August 28 Week Jobless Claims Revised to 478K from 472K; U.S. August 28 Week Continuing Claims fell 2K to 4,478,000; U.S. Jobless Claims fell 27K to 451K in September 4 Week; Compared to Survey of a decrease by 2K.

Crude Oil Inventories:
U.S. Crude Oil Stockpiles fell 1.853 Million Barrels to 359.854 Million Barrels; U.S. Gasoline Stockpiles fell 0.243 Million Barrels in Week; Was Seen decreasing by 0.8 Million Barrels; U.S. Crude Oil Stockpiles fell 1.853 Million Barrels in Week; Was Seen increasing by 1 Million Barrels; U.S. Gasoline Stockpiles fell 0.243 Million Barrels at 225.162 Million Barrels; U.S. Distillate Stockpiles fell 0.388 Million Barrels at 174.847 Million Barrels; U.S. Distillate Stockpiles fell 0.388 Million Barrels in Week; Was Seen increasing by 0.5 Million Barrels; U.S. Refineries Ran at 88.2% Capacity versus 87.0% Capacity Week Ago; U.S. Refineries Ran at 88.2%Capacity; Was Seen at 86.70% Capacity.

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 27.21 points, EOD 10,414.22
NYSE (New York Stock Exchange) gain 33.89, EOD 7,003.83
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 7.22 points, EOD 2,236.09
S&P 500 (SPX) gain 5.46 points, EOD 1,104.33
BEL 20 (BEL20) gain 21.46 points, EOD 2,577.46
CAC 40 (CAC40) gain 44.94 points, EOD 3,722.15
FTSE100 (UKX100) gain 64.42 points, EOD 5,494.16
NIKKEI 225 (NIK/O) gain 73.79 points, EOD 9,098.39

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,886, declined stock prices 1,166, unchanged stock prices 95, stock prices hitting new highs 244 and stock prices hitting new lows 11. 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: CRM shed 2.20, HOD 122.00, LOD 117.25, EOD 117.59; DB shed 2.13, HOD 64.09, LOD 59.36, EOD 59.83; EOG shed 0.87, HOD 91.50, LOD 88.51, EOD 89.40; SKX shed 3.31, HOD 26.84, LOD 22.35, EOD 23.03; V shed 1.75, HOD 68.97, LOD 66.07, EOD 66.80; GS gain 1.63, HOD 150.68, LOD 148.50, EOD 149.17; MA shed 2.38, HOD 197.08, LOD 191.20, EOD 192.01; MW gain 1.22, HOD 22.32, LOD 21.83, EOD 22.22; KFY gain 0.55, HOD 16.30, LOD 15.04, EOD 15.49.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,413, declined stock prices 1,196, unchanged stock prices 154, stock prices hitting new highs 76 and stock prices hitting new lows 42. 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 0.15, HOD 266.52, LOD 263.02, EOD 263.07; NFLX shed 0.32, HOD 149.74, LOD 144.80, EOD 145.68; PCLN shed 4.97, HOD 333.74, LOD 320.75, EOD 323.80; WCRX gain 0.85, HOD 22.01, LOD 20.31, EOD 21.63; BIDU shed 0.36, HOD 85.55, LOD 83.29, EOD 83.83; FUQI shed 1.55, HOD 4.98, LOD 4.51, EOD 4.80; QCOR shed 0.67, HOD 10.08, LOD 9.62, EOD 9.71.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 249, declined stock prices 222, unchanged stock prices 32, stock prices hitting new highs 22 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 1103.75; Change 4.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,886.25; Change 8.75
E-mini DOW $5 (YM) Mar 10: EOD 10,407; Change 15
Nikkei 225 (Yen) Mar 10: EOD 9,150; Change 30

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7872 to U.S. Dollars 1.2700
Japanese Yen 83.9050 to U.S. Dollars 0.0119
British Pound 0.6475 to U.S. Dollars 1.5400
Canadian Dollar 1.0336 to U.S. Dollars 0.9677
Swiss Franc 1.0153 to U.S. Dollars 0.9848

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 10) gain $0.42, EOD $74.25 per barrel ($US per barrel)
Heating Oil (October 10) gain $0.01, EOD $2.07 a gallon ($US per gallon)
Natural Gas (October 10) shed $0.04, EOD $3.77 per million BTU ($US per mmbtu.)
Unleaded Gas (October 10) gain $0.00 EOD $1.94 gallon ($US per gallon)

Metals Markets - Comex:
Gold (September 10) shed $6.70, EOD $1,248.90 ($US per Troy ounce)
Silver (September 10) shed $0.16, EOD $19.81 ($US per Troy ounce)
Platinum (September 10) shed $8.90, EOD $1,553.30 ($US per Troy ounce)
Copper (September 10) shed $0.05, EOD $3.43 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 10) gain $1.20, EOD $77.50
Pork Bellies (February 10) gain $0.10, EOD $105.70
Live Cattle (October 10) shed $0.30, EOD $96.95
Feeder Cattle (September 10) shed $0.67, EOD $111.42

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) gain $8.75, EOD $456.25
Soybeans (September 10) shed $3.50, EOD $1,037.75

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Nonfarm payroll employment changed little (-54,000) in August, and the unem-
ployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor
Statistics reported today. Government employment fell, as 114,000 temporary
workers hired for the decennial census completed their work. Private-sector
payroll employment continued to trend up modestly (+67,000).

Reference- http://www.bls.gov/news.release/empsit.nr0.htm