American International Group

Daily Market Commentary for March 1, 2010

American International Group

American International Group announced Monday that it was going to sell its division called AIA Group. (Read more at Millennium-Traders.Com)http://www.millennium-traders.com/ne...ymarch110.aspx

Economic data released today:

Core PCE Price Index:
January PCE Price Index rose 0.2% Rate on Month; January PCE Price Index rose 2.1% on Year; January PCE Core Price Index Unchanged Rate on Month; January PCE Core Price Index rose 1.4% on Year.

Personal Spending / Personal Income:
U.S. Personal Income rose 0.1% in January; Compared to Consensus of an increase by 0.4%; U.S. Personal Spending rose 0.5% in January; Compared to Consensus of an increase by 0.4%; December Personal Income Revised to rise 0.3% from an increase by 0.4%; December Spending Revised to rise 0.3% from an increase by 0.2%.

ISM [Institute for Supply Management] Manufacturing:
U.S. ISM February Inventories Index 47.3 versus January 46.5; U.S. ISM February Production Index 58.4 versus January 66.2; U.S. ISM February New Orders Index 59.5 versus January 65.9; U.S. ISM February Employment Index 56.1 versus January 53.3; U.S. ISM February Prices Index 67.0 versus January 70.0; U.S. ISM February Manufacturing PMI Expected 57.5; U.S. ISM February Manufacturing PMI 56.5 versus January 58.4.

Construction Spending;
December Construction Spending Unrevised at -1.2%; January Commercial Construction Spending fell 1.4%; January Residential Construction Spending rose 1.1%.

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 77.92 points, EOD 10,403.18
NYSE (New York Stock Exchange) gain 65.71, EOD 7,100.75
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 34.56 points, EOD 2,272.82
S&P 500 (SPX) gain 11.07 points, EOD 1,115.56
BEL 20 (BEL20) gain 28.54 points, EOD 2,543.41
CAC 40 (CAC40) gain 60.74 points, EOD 3,769.54
FTSE100 (UKX100) unchanged, EOD 5,278.22
NIKKEI 225 (NIK/O) gain 46.03 points, EOD 10,172.06

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,428 declined stock prices 699 unchanged stock prices 88, stock prices hitting new highs 313 and stock prices hitting new lows 10. 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 1.01, HOD 27.98, LOD 25.78, EOD 25.78; FAS gain 0.85, HOD 76.50, LOD 75.10, EOD 75.81; DDS gain 3.16, HOD 20.17, LOD 17.52, EOD 20.03; IPI gain 0.99, HOD 28.53, LOD 26.65, EOD 28.51; CME shed 0.66, HOD 302.99, LOD 297.50, EOD 301.03; RTP gain 2.86, HOD 211.00, LOD 206.26, EOD 210.66; EDC gain 4.84, HOD 113.00, LOD 109.72, EOD 112.31; POT gain 2.49, HOD 113.29, LOD 110.68, EOD 112.95; MG shed 2.18, HOD 13.51, LOD 10.43, EOD 11.46; MA gain 8.37, HOD 232.86, LOD 225.38, EOD 232.74.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,047, declined stock prices 701, unchanged stock prices 97, stock prices hitting new highs 199 and stock prices hitting new lows 19. 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 6.14, HOD 124.66, LOD 117.53, EOD 124.54; PCLN gain 11.83, HOD 238.99, LOD 227.64, EOD 238.54; AAPL gain 4.37, HOD 209.50, LOD 205.45, EOD 208.99; ISRG gain 11.49, HOD 359.15, LOD 349.08, EOD 358.63; PWRD shed 3.50, HOD 37.39, LOD 35.02, EOD 35.89; DECK gain 2.60, HOD 124.27, LOD 120.00, EOD 122.80.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 312, declined stock prices 189, unchanged stock prices 33, stock prices hitting new highs 28 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 10: EOD 1114.00; Change 10.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,844.50; Change 26.00
E-mini DOW $5 (YM) Mar 10: EOD 10,386; Change 75
E-mini S&P MidCap 400 (MF) Mar 10: EOD 749.90; Change 12.20
Nikkei 225 (Yen) Mar 10: EOD 10,225; Change 65

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7375 U.S. Dollars 1.3559
Japanese Yen 89.0800 to U.S. Dollars 0.0112
British Pound 0.6672 to U.S. Dollars 1.4989
Canadian Dollar 1.0419 to U.S. Dollars 0.9598
Swiss Franc 1.0791 to U.S. Dollars 0.9267

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 10) shed $0.92, EOD $78.74 per barrel ($US per barrel)
Heating Oil (April 10) shed $0.01, EOD $2.02 a gallon ($US per gallon)
Natural Gas (April 10) shed $0.13, EOD $4.68 per million BTU ($US per mmbtu.)
Unleaded Gas (April 10) shed $0.03, EOD $2.16 gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 10) shed $0.60, EOD $1,118.30 ($US per Troy ounce)
Silver (May 10) shed $0.06, EOD $16.46 ($US per Troy ounce)
Platinum (April 10) gain $5.30, EOD $1,545.20 ($US per Troy ounce)
Copper (May 10) gain $0.06, EOD $3.34 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) gain $0.15, EOD $72.95
Pork Bellies (May 10) gain $2.90, EOD $94.20
Live Cattle (April 10) shed $0.20, EOD $91.73
Feeder Cattle (April 10) gain $1.15, EOD $103.65

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) shed $7.25, EOD $381.75
Soybeans (May 10) gain $2.00, EOD $962.50

BOND MARKET:
2 year EOD 100 4/32, change 1/32, Yield 0.80, Yield change -0.01
5 year EOD 100 13/32, change 3/32, Yield 2.28 Yield change -0.02
10 year EOD 100 5/32, -3/32, Yield 3.60 Yield change 0.01
30 year EOD 101 4/32, change 0, Yield 4.55, change 0.00

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