General Motors Stock

Daily Market Commentary for April 7, 2010

General Motors Stock

General Motors stock was still up over 4% with a little over an hour left in the trading session, despite their report of a $3.4 billion loss in the fourth quarter of 09. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA [Mortgage Bankers Association] Mortgage Applications:
U.S. MBA Market Index fell 11.0% at 536.3; Last Week 602.8; U.S. MBA Purchase Index rose 0.2% at 243.6; Last Week 243.0; U.S. MBA Refinance Index fell 16.9% at 2,250.6; Last Week 2,707.8.

Crude Oil Inventories as released by DOE [Department of Energy]:
U.S. Crude Oil Stockpiles rose 1.976 Million Barrels at 356.165 Million Barrels; U.S. Crude Oil Stockpiles rose 1.976 Million Barrels in Week; was seen increasing by 1.3 Million Barrels; U.S. Gasoline Stockpiles fell 2.498 Million Barrels at 222.374 Million Barrels; U.S. Gasoline Stockpiles fell 2.498 Million Barrels in Week; was seen decreasing by 1 Million Barrels; U.S. Distillate Stockpiles rose 1.074 Million Barrels at 145.68 Million Barrels; U.S. Distillate Stockpiles rose 1.074 Million Barrels in Week; was seen decreasing by 1.3 Million Barrels; U.S. Refineries Ran at 84.5% capacity versus 82.6% Week Ago; U.S. Refineries Ran at 84.5% capacity; was seen 82.80.

Consumer Credit:
January Consumer Credit Revised to up $10.6B from up $5.0B; February Revolving Credit, Non-revolving Credit Both Fall; U.S. February Consumer Credit Decreased $11.5B; February Consumer Credit Shrinks Much More than Expected.

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 72.62 points, EOD 10,897.37
NYSE (New York Stock Exchange) shed 58.23, EOD 7,546.20
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 6.98 points, EOD 2,429.83
S&P 500 (SPX) shed 6.91 points, EOD 1,182.53
BEL 20 (BEL20) gain 0.3 points, EOD 2,696.96
CAC 40 (CAC40) shed 26.97 points, EOD 4,026.94
FTSE100 (UKX100) shed 18.29 points, EOD 5,762.06
NIKKEI 225 (NIK/O) gain 10.51, EOD 11,292.83

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,078, declined stock prices 2,011, unchanged stock prices 110, stock prices hitting new highs 324 and stock prices hitting new lows 8. 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: MEE shed 3.19, HOD 47.50, LOD 44.50, EOD 45.26; FDO gain 1.14, HOD 39.73, LOD 38.88, EOD 38.93; MON shed 1.47, HOD 71.26, LOD 67.25, EOD 68.08; FAS shed 1.72, HOD 107.43, LOD 102.55, EOD 103.95; CME shed 2.35, HOD 318.33, LOD 313.16, EOD 314.55; RT gain 0.38, HOD 11.67, LOD 11.09, EOD 11.63.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,241, declined stock prices 1,483, unchanged stock prices 107, stock prices hitting new highs 186 and stock prices hitting new lows 6. 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: HUSA shed 5.84, HOD 20.19, LOD 14.27, EOD 14.51.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 263, declined stock prices 242, unchanged stock prices 30, stock prices hitting new highs 33 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) Mar 10: EOD 1177.75; Change -8.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,973.25; Change -5.50
E-mini DOW $5 (YM) Mar 10: EOD 10,832; Change -81
E-mini S&P MidCap 400 (MF) Mar 10: EOD 806.00; Change -6.00
Nikkei 225 (Yen) Mar 10: EOD 11,240; Change -80

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7491 to U.S. Dollars 1.3400
Japanese Yen 93.2750 to U.S. Dollars 0.0107
British Pound 0.6561 to U.S. Dollars 1.5300
Canadian Dollar 1.0032 to U.S. Dollars 0.9947
Swiss Franc 1.0734 to U.S. Dollars 0.9314

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (May 10) shed $0.96, EOD $85.88 per barrel ($US per barrel)
Heating Oil (May 10) shed $0.02, EOD $2.24 a gallon ($US per gallon)
Natural Gas (May 10) shed $0.07, EOD $4.02 per million BTU ($US per mmbtu.)
Unleaded Gas (May 10) shed $0.03, EOD $2.31 gallon ($US per gallon)

Metals Markets - Comex:
Gold (May 10) gain $17.20, EOD $1,152.30 ($US per Troy ounce)
Silver (May 10) gain $0.26, EOD $18.18 ($US per Troy ounce)
Platinum (May 10) gain $18.70, EOD $1,717.20 ($US per Troy ounce)
Copper (May 10) shed $0.01, EOD $3.59 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (May 10) gain $0.55, EOD $77.18
Pork Bellies (May 10) gain $0.77, EOD $96.45
Live Cattle (May 10) gain $2.20, EOD $99.45
Feeder Cattle (May 10) gain $0.85, EOD $113.05

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) gain $10.00, EOD $356.50
Soybeans (May 10) gain $8.00, EOD $952.50

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