Unemployment Rate

Daily Market Commentary for January 7, 2011

Unemployment Rate

It was reported this morning that the unemployment rate has fallen to its lowest level since 2009. (Read more at Millennium-Traders.Com)

Economic data released today:

Nonfarm Payrolls:
U.S. November Payrolls Revised to rise 71K from +39K; U.S. December Manufacturing Payrolls rose 10K; Service-Producing rose 105K; U.S. December Government Payrolls fell 10K; Federal rose 10K; U.S. December Nonfarm Payrolls rose 103K; Compared to Consensus of an increase by 150K.

Unemployment Rate:
U.S. November Unemployment Left Unrevised at 9.8%; U.S. December Unemployment Rate 9.4%; Compared to Consensus of 9.7%.

Average Hourly Earnings (MoM):
U.S. December Average Hourly Earnings rose $0.03 to $22.78.

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

Private Nonfarm Payrolls:
U.S. December Private Payrolls rose 113K.

Consumer Credit:
U.S. November Consumer Credit Increased $1.3B; October Consumer Credit Revised to up $7.0B from up $3.4B; U.S. Credit-Card Use Dropped 27th Straight Month in November.

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 23.16 points, EOD 11,674.15
NYSE (New York Stock Exchange) shed 20.74 points, EOD 7,980.16
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 7.31 points, EOD 2,702.58
S&P 500 (SPX) shed 2.48 points, EOD 1,271.37
BEL 20 (BEL20) shed 20.29 points, EOD 2,605.15
CAC 40 (CAC40) shed 38.84 points, EOD 3,865.58
FTSE100 (UKX100) shed 35.18 points, EOD 5,984.33
NIKKEI 225 (NIK/O) gain 11.28 points, EOD 10,541.04

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,329, declined stock prices 1,747, unchanged stock prices 118, stock prices hitting new highs 143 and stock prices hitting new lows 17. 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: MCP gain 1.29, HOD 54.75, LOD 50.33, EOD 54.21; LVS gain 2.25, HOD 50.00, LOD 48.14, EOD 49.90; AKS shed 1.26, HOD 16.24, LOD 15.08, EOD 15.34; POT shed 2.05, HOD 169.16, LOD 165.10, EOD 166.93; CLF shed 1.97, HOD 83.59, LOD 80.08, EOD 81.30; WLT shed 1.10, HOD 135.96, LOD 130.85, EOD 134.40; CYD shed 0.79, HOD N/A, LOD 30.18, EOD 30.62.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 987, declined stock prices 1,668, unchanged stock prices 126, stock prices hitting new highs 150 and stock prices hitting new lows 7. 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: TSON shed 0.10, HOD 19.50, LOD 19.00, EOD 19.35; DNDN gain 2.78, HOD 38.32, LOD 35.84, EOD 38.20; AMZN shed 0.37, HOD 188.45, LOD 183.76, EOD 185.49; NFLX gain 1.31, HOD 180.52, LOD 176.38, EOD 179.30; PUDA shed 0.33, HOD 13.98, LOD 13.23, EOD 13.64; CHGS shed 0.32, HOD 3.78, LOD 3.36, EOD 3.46.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 208, declined stock prices 268, unchanged stock prices 33, stock prices hitting new highs 15 and stock prices hitting new lows 4.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 11: EOD 1267.75; Change -2.50
E-mini NASDAQ-100 (NQ) Mar 11: EOD 2,276.00; Change -0.25
E-mini DOW $5 (YM) Mar 11: EOD 11,623; Change -23
Nikkei 225 (Yen) Mar 11: EOD 10,485; Change -10

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7739 to U.S. Dollars 1.29
Japanese Yen 83.0250 to U.S. Dollars 0.012
British Pound 0.6428 to U.S. Dollars 1.56
Canadian Dollar 0.9916 to U.S. Dollars 1.01
Swiss Franc 0.9670 to U.S. Dollars 1.03

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (February 11) shed $0.35, EOD $88.03 per barrel ($US per barrel)
Heating Oil (February 11) shed $0.02, EOD $2.49 a gallon ($US per gallon)
Natural Gas (February 11) shed $0.01, EOD $4.42 per million BTU ($US per mmbtu.)
Unleaded Gas (February 11) shed $0.02, EOD $2.41 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 11) shed $2.80, EOD $1,368.90 ($US per Troy ounce)
Silver (March 11) shed $0.45, EOD $28.67 ($US per Troy ounce)
Platinum (April 11) gain $3.20, EOD $1,738.30 ($US per Troy ounce)
Copper (March 11) shed $0.04, EOD $4.28 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 11) shed 0.27, EOD 79.50
Pork Bellies (February 11) unchanged, EOD 106.00
Live Cattle (February 11) shed 0.37, EOD 106.35
Feeder Cattle (March 11) shed 0.35, EOD 122.72

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) shed 7.00, EOD 595.00
Soybeans (March 11) shed 13.00, EOD 1,365.00

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