Unemployment Benefits

Daily Market Commentary for August 6, 2009

Unemployment Benefits

Labor Department announced today that unemployment dropped to a year low of 247,000 jobs in July, as compared to a projected 320,000 jobs. (read more at Millennium-Traders.Com)

Economic data released today:

Nonfarm Payrolls:
U.S. July Nonfarm Payrolls down by 247K compared to consensus of a drop by 275K; U.S. July Manufacturing Payrolls fell 52K; U.S. Service-Producing Payrolls fell 119K; U.S. June Payrolls revised to a drop by 443K from a drop by 467K.

Unemployment Rate:
U.S. June Unemployment left unrevised at 9.5%; U.S. Unemployment Rate Drops first time since April '08; U.S. July Unemployment Rate 9.4% compared to consensus of 9.7%.

Average Hourly Earnings:
U.S. July Average Hourly Earnings rose $0.03 to $18.56.

Average Weekly Hours:
U.S. workweek posts first rise since August 2008; U.S. July Overall Workweek rose 0.1 hour to 33.1 hours.

3:00 Consumer Credit:
U.S. June Consumer Credit decreased $10.3 billion; drop in U.S. consumer credit is fifth in a row; most since 1991; May Consumer Credit revised to down $5.4 billion from down $3.2 billion.

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) triple digit gain 113.81 points, EOD 9,370.07
NYSE (New York Stock Exchange) gain 69.04, EOD 6,586.71
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 27.09 points, EOD 2,000.25
S&P 500 (SPX) gain 13.4 points, EOD 1,010.48
BEL 20 (BEL20) gain 26.17 points, EOD 2,252.67
CAC 40 (CAC40) gain 43.31 points, EOD 3,521.14
FTSE100 (UKX100) gain 41.03 points, EOD 4,731.56
NIKKEI 225 (NIK/O) gain 24 points, EOD 10,412.09

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,379, declined stock prices 719, unchanged stock prices 67, stock prices hitting new highs 130 and stock prices hitting new lows 3. 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: AIG gain 4.61, HOD 28.99, LOD 24.00, EOD 27.14; GGC shed 2.05, HOD 29.85, LOD 26.66, EOD 27.33; MEG gain 1.65, HOD 7.62, LOD 5.39, EOD 6.93; GS shed 3.10, HOD 168.30, LOD 162.73, EOD 163.65; FAS gain 5.56, HOD 79.36, LOD 72.43, EOD 76.08; CME gain 12.84, HOD 291.72, LOD 275.04, EOD 285.97; POT shed 2.02, HOD 101.04, LOD 96.64, EOD 96.98; SLG gain 1.71, HOD 33.53, LOD 30.86, EOD 32.48; DRN gain 17.86, HOD 128.50, LOD 107.50, EOD 122.52; AVB gain 4.07, HOD 72.73, LOD 67.19, EOD 70.66; RTP shed 2.97, HOD 167.90, LOD 161.10, EOD 163.71; THS gain 4.08, HOD 36.89, LOD 33.80, EOD 36.25; CSC gain 0.90, HOD 49.96, LOD 48.52, EOD 49.45.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,951, declined stock prices 787, unchanged stock prices 130, stock prices hitting new highs 64 and stock prices hitting new lows 2. 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: ISRG gain 3.07, HOD, 233.97, LOD 228.60, EOD 230.10; FSLR gain 3.71, HOD, 146.95, LOD 141.76, EOD 146.47; GMCR gain 2.02, HOD, 72.00, LOD 76.19, EOD 69.90; HANS gain 5.41, HOD, 37.04, LOD 34.54, EOD 36.09; WYNN gain 2.88, HOD, 59.34, LOD 56.14, EOD 58.47; NVDA gain 0.59, HOD, 14.23, LOD 13.52, EOD 13.71; LEAP shed 5.53, HOD, 18.86, LOD 16.86, EOD 17.06; AMZN gain 0.85, HOD, 85.96, LOD 84.10, EOD 85.32.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 322, declined stock prices 213, unchanged stock prices 53, stock prices hitting new highs 20 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 1007.25; Change 12.25
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,619.00; Change 17.75
E-mini DOW $5 (YM) Sept 09: EOD 9,326; Change 97
E-mini S&P MidCap 400 (MF) Sept 09: EOD 652.50; Change 14.10
Nikkei 225 (Yen) Sept 09: EOD 10,615; Change 205

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7058 to U.S. Dollars 1.4168
Japanese Yen 97.4800 to U.S. Dollars 0.0103
British Pound 0.5992 to U.S. Dollars 1.6688
Canadian Dollar 1.0825 to U.S. Dollars 0.9238
Swiss Franc 1.0820 to U.S. Dollars 0.9238

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 09) shed $1.01, EOD $70.93 per barrel ($US per barrel)
Heating Oil (September 09) shed $0.02, EOD $1.91 a gallon ($US per gallon)
Natural Gas (September 09) shed $0.07, EOD $3.67 per million BTU ($US per mmbtu.)
Unleaded Gas (September 09) gain $0.05, EOD $2.01 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) shed $3.40, EOD $959.50 ($US per Troy ounce)
Silver (September 09) gain $0.02, EOD $14.67 ($US per Troy ounce)
Platinum (October 09) gain $5.10, EOD $1,268.50 ($US per Troy ounce)
Copper (September 09) gain $0.03, EOD $2.79 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) shed $2.68, EOD $44.90
Pork Bellies (February 10) shed $0.73, EOD $79.58
Live Cattle (October 09) no change $0.00, EOD $89.13
Feeder Cattle (September 09) no change$0.00, EOD $100.98

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $13.75, EOD $326.50
Soybeans (November 09) gain $8.50, EOD $1,038.50

BOND MARKET:
2 year EOD 99 13/32, change -6/32, Yield 1.29, Yield change 0.09
5 year EOD 99 2/32, change -17/32, Yield 2.81, Yield change 0.11
10 year EOD 94 3/32, change -27/32, Yield 3.85, Yield change 0.11
30 year EOD 94 5/32, change -1 9/32, Yield 4.61, change 0.08

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