Unemployment Rises

Daily Market Commentary for November 6, 2009

Unemployment Rises

Investors didn't let bad news take the wind out of their sails, as unemployment rises investors focused their attention towards gold's advance to an all-time high. (Read more at Millennium-Traders.Com)

Economic data released today:

Nonfarm Payrolls:
U.S. October Nonfarm Payrolls fell 190K; compared to consensus of a decrease by 175K; U.S. October Manufacturing Payrolls fell 61K; Service Producing fell 61K; U.S. September Payrolls Revised to fall 219K from a decrease by 263K.

Unemployment Rate:
U.S. September Unemployment Left Unrevised at 9.8%; U.S. October Unemployment Rate 10.2%; compared to consensus of 9.9%; U.S. Unemployment Rate highest since April 1983.

Average Hourly Earnings:
U.S. October Average Hourly Earnings rose 0.05 to $18.72.

Average Weekly Hours:
U.S. October Overall Workweek 0.0 Hour to 33.0 Hours.

Wholesale Inventories:
U.S. September Wholesale Inventories fell 0.9%; was expected to fall 1.0%.

Consumer Credit:
U.S. September Consumer Credit Decreased $14.8B; Drop in U.S. consumer credit marks eighth consecutive decline; August consumer credit Revised to down $9.9B from down $12.0B.

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 10.66 points, EOD 10,016.62
NYSE (New York Stock Exchange) gain 8.13, EOD 6,958.29
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 6.69 points, EOD 2,112.01
S&P 500 (SPX) gain 2.66 points, EOD 1,069.29
BEL 20 (BEL20) gain 12.63 points, EOD 2,431.71
CAC 40 (CAC40) shed 1.44 points, EOD 3,707.29
FTSE100 (UKX100) gain 17.08 points, EOD 5,142.72
NIKKEI 225 (NIK/O) shed 20.3, EOD 9,789.35

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,546 declined stock prices 1,492, unchanged stock prices 114, stock prices hitting new highs 92 and stock prices hitting new lows 9. 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: CME gain 0.41, HOD 308.65, LOD 299.00, EOD 306.62; FAS shed 0.80, HOD 71.93, LOD 68.35, EOD 71.15; RTP gain 2.76, HOD 194.68, LOD 188.90, EOD 193.33; MGA gain 5.80, HOD 50.91, LOD 45.70, EOD 50.00.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,265, declined stock prices 1,445, unchanged stock prices 126, stock prices hitting new highs 80 and stock prices hitting new lows 21. 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: AMZN gain 5.59, HOD 126.98, LOD 122.67, EOD 126.20; CROX shed 1.09, HOD 6.34, LOD 5.45, EOD 5.75; AAPL gain 0.31, HOD 195.19, LOD 192.40, EOD 194.34; NILE gain 2.38, HOD 64.15, LOD 59.72, EOD 61.10; HANS shed 2.52, HOD 35.08, LOD 32.95, EOD 34.46; BIDU gain 13.51, HOD 410.54, LOD 390.01, EOD 409.74; SAPE shed 1.01, HOD 8.33, LOD 7.44, EOD 7.59; CSTR shed 2.91, HOD 29.45, LOD 26.64, EOD 28.96; RRGB shed 2.79, HOD 16.39, LOD 14.73, EOD 14.90; RAIL shed 3.86, HOD 22.49, LOD 20.34, EOD 21.74; RIMM gain 0.93, HOD 58.89, LOD 56.50, EOD 58.72.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 243, declined stock prices 266, unchanged stock prices 63, stock prices hitting new highs 15 and stock prices hitting new lows 6.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1065.75; Change 2.50
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,728.50; Change 9.25
E-mini DOW $5 (YM) Dec 09: EOD 9,971; Change -17
E-mini S&P MidCap 400 (MF) Dec 09: EOD 679.90; Change -0.60
Nikkei 225 (Yen) Dec 09: EOD 9,800; Change -60

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6735 U.S. Dollars 1.4847
Japanese Yen 89.9300 to U.S. Dollars 0.0111
British Pound 0.6021 to U.S. Dollars 1.6609
Canadian Dollar 1.0748 to U.S. Dollars 0.9304
Swiss Franc 1.0171 to U.S. Dollars 0.9832

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $2.19, EOD $77.43 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.05, EOD $2.00 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.19, EOD $4.60 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) shed $0.06, EOD $1.92 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $6.40, EOD $1,095.70 ($US per Troy ounce)
Silver (December 09) shed $0.04, EOD $17.38 ($US per Troy ounce)
Platinum (January 09) shed $14.70, EOD $1,348.20 ($US per Troy ounce)
Copper (December 09) unchanged $0.00, EOD $2.95 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $0.90, EOD $56.60
Pork Bellies (February 10) gain $1.30, EOD $86.10
Live Cattle (December 09) shed $1.35, EOD $85.00
Feeder Cattle (January 10) shed $1.10, EOD $96.08

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $9.50, EOD $367.25
Soybeans (January 10) shed $17.00, EOD $955.00

BOND MARKET:
2 year EOD 100 9/32, change 2/32, Yield 0.85, Yield change -0.03
5 year EOD 100 11/32, change 6/32, Yield 2.29, Yield change -0.04
10 year EOD 100 1/32, change 8/32 Yield 3.49, Yield change -0.03
30 year EOD 101 25/32, change 5/32, Yield 4.39, change -0.01

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