Thread: Job Recovery

Daily Market Commentary for December 3, 2010

Job Recovery

Investors questioned the strength of job recovery after the Labor Department's disappointing report. (Read more at Millennium-Traders.Com)

Economic data released today:

Nonfarm Payrolls:
U.S. October Payrolls Revised to +172K from +151K; U.S. November Government Payrolls fell 11K; Federal rose 2K; U.S. November Manufacturing Payrolls fell 13K; Service-Producing rose 54K; U.S. November Private Payrolls rose 50K; U.S. November Nonfarm Payrolls rose 39K; Compared to Consensus of an increase by 144K.

Unemployment Rate:
U.S. October Unemployment Left Unrevised at 9.6%; U.S. November Unemployment Rate 9.8%; Consensus 9.6%.

Average Hourly Earnings (MoM):
U.S. November Average Hourly Earnings rose $0.01 to $22.75.

Average Weekly Hours:
U.S. November Overall Workweek Unchanged at 34.3 Hours.

ISM Non-Manufacturing Index:
U.S. ISM November Non-Manufacturing New Orders Index 57.7 versus October 56.7; U.S. ISM November Non- Manufacturing Prices Index 63.2 versus October 68.3; U.S. ISM November Non- Manufacturing Employment Index 52.7 versus October 50.9; U.S. ISM November Non- Manufacturing Business Index 57.0 versus October 58.4; U.S. ISM November Non-Manufacturing PMI Expected 55.0; U.S. ISM November Non-Manufacturing PMI 55.0 versus October 54.3; October Durable Goods Revised to -3.4% from -3.3%; October Factory Orders, Excluding Defense, fell 0.1%; October Factory Orders, Excluding Transportation, fell 0.2%; U.S. Factory Orders fell 0.9% in October; Consensus fell 1.1%.

Factory Orders (MoM):
September Factory Orders Revised to +3.0% from +2.1%.

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 16.92 points, EOD 11,379.33
NYSE (New York Stock Exchange) gain 38.69, EOD 7,750.94
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 11.0 points, EOD 2,590.44
S&P 500 (SPX) gain 3.08 points, EOD 1,224.61
BEL 20 (BEL20) shed 2.21 points, EOD 2,614.99
CAC 40 (CAC40) gain 3.51 points, EOD 3,750.55
FTSE100 (UKX100) shed 22.24 points, EOD 5,745.32
NIKKEI 225 (NIK/O) gain 9.8 points, EOD 10,178.32

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,862, declined stock prices 1,177, unchanged stock prices 99, stock prices hitting new highs 274 and stock prices hitting new lows 14. 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: LVS gain 0.06, HOD 50.16, LOD 48.39, EOD 49.23; CMG shed 14.86, HOD 247.38, LOD 231.00, EOD 236.07; PAY gain 3.02, HOD 40.23, LOD 37.77, EOD 39.79; PVH shed 1.23, HOD 72.42, LOD 68.50, EOD 70.02; O shed 0.15, HOD 33.95, LOD 33.10, EOD 33.97; TOO shed 1.31, HOD 27.87, LOD 27.20, EOD 27.81.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,601, declined stock prices 1,031, unchanged stock prices 158, stock prices hitting new highs 230 and stock prices hitting new lows 27. 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: NFLX shed 7.97, HOD 195.20, LOD 184.60, EOD 185.45; AAPL shed 0.71, HOD 318.65, LOD 316.34, EOD 317.44; FFIV gain 2.13, HOD 141.62, LOD 135.52, EOD 139.28; GNTX gain 4.06, HOD 27.17, LOD 22.58, EOD 26.89; CISG shed 1.61, HOD 20.44, LOD 16.22, EOD 16.78.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 250, declined stock prices 219, unchanged stock prices 31, stock prices hitting new highs 17 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 1224.75; Change 2.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,192.50; Change 5.50
E-mini DOW $5 (YM) Mar 10: EOD 11,375; Change 12
Nikkei 225 (Yen) Mar 10: EOD 10,195; Change -120

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7473 to U.S. Dollars 1.3400
Japanese Yen 82.8650 to U.S. Dollars 0.0121
British Pound 0.6345 to U.S. Dollars 1.5800
Canadian Dollar 1.0038 to U.S. Dollars 0.9958
Swiss Franc 0.9760 to U.S. Dollars 1.02

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (January 11) gain $1.19, EOD $89.19 per barrel ($US per barrel)
Heating Oil (January 11) gain $0.03, EOD $2.49 a gallon ($US per gallon)
Natural Gas (January 11) shed $0.13, EOD $4.13 per million BTU ($US per mmbtu.)
Unleaded Gas (January 11) shed $0.00, EOD $2.35 gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 11) gain $16.90, EOD $1,406.20 ($US per Troy ounce)
Silver (March 11) gain $0.69, EOD $29.27 ($US per Troy ounce)
Platinum (January 11) gain $15.40, EOD $1,728.50 ($US per Troy ounce)
Copper (March 11) gain $0.02, EOD $4.00 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 11) gain $0.57, EOD $76.58
Pork Bellies (February 11) unchanged, EOD $104.50
Live Cattle (February 11) shed $0.12, EOD $106.36
Feeder Cattle (January 11) unchanged, EOD $118.68

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) gain $18.00, EOD $573.50
Soybeans (January 11) gain $20.50, EOD $1,300.25

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I see a severe unemployment problem at the total lunar eclipse December 21. Many, many will be filing unemployment claims, and we may have a security risk too. It's too early to say the worst is over

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