Jobless Claims Plunge

Daily Market Commentary for August 6, 2009

Jobless Claims Plunge

Jobless Claims plunge more than expected for the month of July, suggesting the pace of the decline is slowing. (read more at Millennium-Traders.Com)

Economic data released today:

Initial Jobless Claims:
U.S. July 25 Week Continuing Claims rose 69K to 6,310,000; U.S. July 25 Week Jobless Claims revised to 588K from 584K; U.S. Jobless Claims fell 38K to 550K in week of August 1 compared to a survey of an increase by 1K.

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 19.12 points, EOD 9,261.85
NYSE (New York Stock Exchange) shed 40.52, EOD 6,517.67
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 16.45 points, EOD 1,976.60
S&P 500 (SPX) shed 5.04 points, EOD 997.68
BEL 20 (BEL20) gain 52.23 points, EOD 2,226.50
CAC 40 (CAC40) gain 19.3 points, EOD 3,477.83
FTSE100 (UKX100) gain 43.4 points, EOD 4,690.53
NIKKEI 225 (NIK/O) triple digit gain 135.56 points, EOD 10,388.09

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,203, declined stock prices 1,888, unchanged stock prices 79, stock prices hitting new highs 126 and stock prices hitting new lows 5. 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: CPA gain 0.72, HOD 45.80, LOD 43.04, EOD 43.34; CME shed 5.91, HOD 282.01, LOD 270.00, EOD 273.13; RTP shed 6.69, HOD 172.24, LOD 163.65, EOD 166.68; BKE shed 4.69, HOD 28.34, LOD 25.52, EOD 26.26; POT shed 0.56, HOD 102.29, LOD 97.25, EOD 99.00; GGC shed 7.12, HOD 36.72, LOD 27.71, EOD 29.38; ICE shed 1.40, HOD 94.56, LOD 90.31, EOD 92.14; AIG gain 0.53, HOD 29.39, LOD 21.30, EOD 22.53; ABK gain 0.16, HOD 1.64, LOD 1.25, EOD 1.38.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 847, declined stock prices 1,846, unchanged stock prices 137, stock prices hitting new highs 35 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: THOR gain 3.17, HOD 28.36, LOD 26.50, EOD 27.40; ANDE shed 2.54, HOD 30.26, LOD 27.84, EOD 27.96; TBSI shed 1.33, HOD 7.69, LOD 6.89, EOD 7.06; CSIQ gain 2.83, HOD 19.65, LOD 17.28, EOD 18.95; FSLR shed 6.78, HOD 152.02, LOD 142.03, EOD 142.76; BIDU shed 5.72, HOD 350.56, LOD 341.12, EOD 341.28; TNDM shed 3.68, HOD 32.90, LOD 26.41, EOD 28.50; PCLN shed 2.51, HOD 135.10, LOD 128.62, EOD 129.91; CNQR gain 2.43, HOD 38.36, LOD 32.80, EOD 36.97; RIMM shed 2.52, HOD 80.40, LOD 77.14, EOD 77.28; LEAP shed 1.58, HOD 22.86, LOD 18.76, EOD 22.59; SXCI gain 7.82, HOD 40.02, LOD 36.68, EOD 37.53.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 226, declined stock prices 297, unchanged stock prices 67, stock prices hitting new highs 20 and stock prices hitting new lows 1.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 994.00; Change -6.75
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,600.00; Change -14.50
E-mini DOW $5 (YM) Sept 09: EOD 9,215; Change -30
E-mini S&P MidCap 400 (MF) Sept 09: EOD 637.50; Change -6.20
Nikkei 225 (Yen) Sept 09: EOD 10,360; Change 65

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6971 to U.S. Dollars 1.4346
Japanese Yen 95.4300 to U.S. Dollars 0.0105
British Pound 0.5961 to U.S. Dollars 1.6775
Canadian Dollar 1.0777 to U.S. Dollars 0.9279
Swiss Franc 1.0652 to U.S. Dollars 0.9388

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 09) shed $0.03, EOD $71.94 per barrel ($US per barrel)
Heating Oil (September 09) shed $0.02, EOD $1.94 a gallon ($US per gallon)
Natural Gas (September 09) shed $0.25, EOD $3.79 per million BTU ($US per mmbtu.)
Unleaded Gas (September 09) gain $0.01, EOD $2.06 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) shed $3.40, EOD $962.90 ($US per Troy ounce)
Silver (September 09) shed $0.12, EOD $14.65 ($US per Troy ounce)
Platinum (October 09) shed $29.70, EOD $1,263.40 ($US per Troy ounce)
Copper (September 09) shed $0.06, EOD $2.75 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) shed $2.63, EOD $47.55
Pork Bellies (February 10) shed $0.70, EOD $80.30
Live Cattle (October 09) shed $0.73, EOD $89.10
Feeder Cattle (September 09) shed $0.18, EOD $100.98

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $16.75, EOD $340.25
Soybeans (November 09) shed $15.00, EOD $1,030.00

BOND MARKET:
2 year EOD 99 19/32, change 1/32, Yield 1.20, Yield change -0.01
5 year EOD 99 18/32, change 1/32, Yield 2.71, Yield change -0.01
10 year EOD 94 28/32, change -1/32, Yield 3.75, Yield change 0.01
30 year EOD 95 14/32, change 10/32, Yield 4.52, change -0.02

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