U.S. Economy

Daily Market Commentary for April 9, 2010

U.S. Economy

Today's news that wholesale inventories were stronger than expected, helps prove the U.S. economy is recovering stronger than expected. (Read more at Millennium-Traders.Com)

Economic data released today:

Wholesale Inventories (MoM):
U.S. February Wholesale Inventories rose 0.6%; was Expected to Increase by 0.3%; U.S. February Wholesale Inventories Post Biggest Gain Since November.

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 67.56 points, EOD 10,994.63
NYSE (New York Stock Exchange) gain 63.69, EOD 7,628.99
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 16.21 points, EOD 2,453.02
S&P 500 (SPX) gain 7.91 points, EOD 1,194.35
BEL 20 (BEL20) gain 34.25 points, EOD 2,702.87
CAC 40 (CAC40) gain 72.08 points, EOD 4,050.54
FTSE100 (UKX100) gain 58.28 points, EOD 5,770.98
NIKKEI 225 (NIK/O) gain 36.14, EOD 11,204.34

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,084, declined stock prices 1,006, unchanged stock prices 107, stock prices hitting new highs 366 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: FDO shed 0.32, HOD 38.83, LOD 38.20, EOD 38.47; CVX gain 1.85, HOD 79.62, LOD 78.00, EOD 79.51; BTH gain 14.63, HOD 50.06, LOD 37.08, EOD 47.01; RTP gain 0.16, HOD 244.13, LOD 241.29, EOD 242.51; CME gain 0.33, HOD 314.34, LOD 310.67, EOD 312.10; STZ shed 0.44, HOD 16.51, LOD 15.95, EOD 16.41; MGM gain 0.07, HOD 14.88, LOD 14.25, EOD 14.80.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,479, declined stock prices 1,205, unchanged stock prices 149, stock prices hitting new highs 191 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: ATLS gain 6.44, HOD 38.50, LOD 36.02, EOD 38.25; BIDU gain 5.62, HOD 627.43, LOD 620.16, EOD 625.47; ISRG gain 10.52, HOD 351.14, LOD 340.29, EOD 350.62; WYNN gain 0.3942, HOD 87.41, LOD 84.55, EOD 87.17.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 286, declined stock prices 193, unchanged stock prices 50, stock prices hitting new highs 27 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) Mar 10: EOD 1190.25; Change 6.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,991.00; Change 11.00
E-mini DOW $5 (YM) Mar 10: EOD 10,941; Change 57
E-mini S&P MidCap 400 (MF) Mar 10: EOD 812.60; Change 7.60
Nikkei 225 (Yen) Mar 10: EOD 11,245; Change 20

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7413 to U.S. Dollars 1.3500
Japanese Yen 93.1850 to U.S. Dollars 0.0107
British Pound 0.6502 to U.S. Dollars 1.5400
Canadian Dollar 1.0047 to U.S. Dollars 0.9959
Swiss Franc 1.0662 to U.S. Dollars 0.9380

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (May 10) shed $0.47, EOD $84.92 per barrel ($US per barrel)
Heating Oil (May 10) shed $0.00, EOD $2.23 a gallon ($US per gallon)
Natural Gas (May 10) gain $0.16, EOD $4.07 per million BTU ($US per mmbtu.)
Unleaded Gas (May 10) shed $0.00, EOD $2.29 gallon ($US per gallon)

Metals Markets - Comex:
Gold (May 10) gain $8.90, EOD $1,161.10 ($US per Troy ounce)
Silver (May 10) gain $0.22, EOD $18.34 ($US per Troy ounce)
Platinum (May 10) gain $11.10, EOD $1,722.20 ($US per Troy ounce)
Copper (May 10) gain $0.00, EOD $3.58 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (May 10) shed $0.45, EOD $76.22
Pork Bellies (May 10) shed $0.02, EOD $96.28
Live Cattle (May 10) gain $0.30, EOD $99.65
Feeder Cattle (May 10) gain $1.65, EOD $114.52

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) shed $2.50, EOD $345.75
Soybeans (May 10) gain $5.75, EOD $952.25

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