Labor Market

Daily Market Commentary for January 5, 2011

Labor Market

Today's report from processing firm ADP came in much better than analysts were expecting, leaving some to believe the labor market may be starting to recover. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Refinance Index for Week of December 31 rose 3.9% at 2,115.4; Previous Week; U.S. MBA Purchase Index for Week of December 31 fell 0.8% at 199.8; Previous Week 201.4; U.S. MBA Market Index for Week of December 31 rose 2.3% at 472.1; Previous Week 461.3; U.S. MBA Refinance Index for Week of December 24 fell 7.2% at 2,036.9; Previous Week 2,196; U.S. MBA Purchase Index for Week of December 24 rose 3.1% at 201.4; Previous Week 195.3; U.S. MBA Market Index for Week of December 24 fell 3.9% at 461.3; Previous Week 479.9.

ADP Nonfarm Employment Change:
ADP December U.S. Private Sector Jobs Expected to rise by 100,000; ADP December U.S. Private Sector Jobs rose 297,000.

ISM Non-Manufacturing Index:
U.S. ISM December Non-Manufacturing New Orders Index 63.0 versus November 57.7; U.S. ISM December Non- Manufacturing Prices Index 70.0 versus November 63.2; U.S. ISM December Non- Manufacturing Business Index 63.5 versus November 57.0; U.S. ISM December Non- Manufacturing Employment Index 50.5 versus November 52.7; U.S. ISM December Non-Manufacturing PMI Expected 55.7; U.S. ISM December Non-Manufacturing PMI 57.1 versus November 55.0.

Crude Oil Inventories as released by DOE:
U.S. Refineries Ran at 88.0% capacity; was seen at 87.80% capacity; U.S. Refineries Ran at 88.0% capacity versus 87.8% capacity a Week Ago; U.S. Distillate Stockpiles rose 1.148 Million Barrels in Week; was seen increasing by 0.5 Million Barrels; U.S. Distillate Stockpiles rose 1.148 Million Barrels at 162.107 Million Barrels; U.S. Gasoline Stockpiles rose 3.289 Million Barrels in Week; was seen increasing by 0.6 Million Barrels; U.S. Gasoline Stockpiles rose 3.289 Million Barrels at 218.146 Million Barrels; U.S. Crude Oil Stockpiles fell 4.161 Million Barrels in Week; was seen decreasing by 2.2 Million Barrels; U.S. Crude Oil Stockpiles fell 4.161 Million Barrels at 335.266 Million Barrels.

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 32.09 points, EOD 11,723.27
NYSE (New York Stock Exchange) gain 16.86 points, EOD 8,039.04
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 20.95 points, EOD 2,702.20
S&P 500 (SPX) gain 6.37 points, EOD 1,276.57
BEL 20 (BEL20) shed 16.29 points, EOD 2,631.57
CAC 40 (CAC40) shed 11.42 points, EOD 3,904.61
FTSE100 (UKX100) gain 29.99 points, EOD 6,043.86
NIKKEI 225 (NIK/O) shed 17.33 points, EOD 10,380.77

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,801, declined stock prices 1,270, unchanged stock prices 77, stock prices hitting new highs 172 and stock prices hitting new lows 13. 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 0.30, HOD 48.15, LOD 47.08, EOD 48.03; AGQ shed 5.09, HOD 143.64, LOD 135.53, EOD 142.30; MCP shed 1.10, HOD 62.80, LOD 59.22, EOD 60.70; MOS gain 2.13, HOD 77.47, LOD 75.42, EOD 77.13; RIG gain 3.60, HOD 73.33, LOD 68.89, EOD 73.25; CLF shed 0.30, HOD 85.86, LOD 83.22, EOD 84.93; CME shed 5.63, HOD 317.21, LOD 310.34, EOD 311.36.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,900, declined stock prices 794, unchanged stock prices 113, stock prices hitting new highs 148 and stock prices hitting new lows 8. 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: TKLC gain 1.27, HOD 13.41, LOD 11.65, EOD 13.28; FFIV gain 5.22, HOD 137.30, LOD 131.80, EOD 137.29; LULU gain 1.29, HOD 69.29, LOD 65.30, EOD 68.49; BIDU gain 3.66, HOD 104.66, LOD 100.20, EOD 104.63.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 247, declined stock prices 234, unchanged stock prices 38, stock prices hitting new highs 9 and stock prices hitting new lows 2.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 11: EOD 1272.25; Change 7.00
E-mini NASDAQ-100 (NQ) Mar 11: EOD 2,268.75; Change 23.25
E-mini DOW $5 (YM) Mar 11: EOD 11,665; Change 46
Nikkei 225 (Yen) Mar 11: EOD 10,510; Change 115

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7602 to U.S. Dollars 1.32
Japanese Yen 83.2650 to U.S. Dollars 0.012
British Pound 0.6449 to U.S. Dollars 1.55
Canadian Dollar 0.9958 to U.S. Dollars 1.00
Swiss Franc 0.9666 to U.S. Dollars 1.03

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (February 11) gain $0.92, EOD $90.30 per barrel ($US per barrel)
Heating Oil (February 11) gain $0.03, EOD $2.54 a gallon ($US per gallon)
Natural Gas (February 11) shed $0.19, EOD $4.47 per million BTU ($US per mmbtu.)
Unleaded Gas (February 11) gain $0.03, EOD $2.45 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 11) shed $5.10, EOD $1,373.70 ($US per Troy ounce)
Silver (March 11) shed $0.31, EOD $29.20 ($US per Troy ounce)
Platinum (April 11) shed $13.30, EOD $1,734.10 ($US per Troy ounce)
Copper (March 11) gain $0.03, EOD $4.41 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 11) gain 0.85, EOD 78.15
Pork Bellies (February 11) unchanged, EOD 106.00
Live Cattle (February 11) gain 0.57, EOD 106.75
Feeder Cattle (March 11) shed 0.02, EOD 122.37

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) gain 10.75, EOD 619.25
Soybeans (March 11) gain 24.00, EOD 1,393.50

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