United Airlines

Daily Market Commentary for May 3, 2010

United Airlines

United Airlines announced this morning that they will merge with Continental Airlines, to make the world's largest airline. (Read more at Millennium-Traders.Com)

Economic data released today:

Core PCE Price Index (MoM):
March PCE Price Index rose 0.1% Rate on Month; rose 2.0% on Year; March PCE Core Price Index rose 0.1% Rate on Month; rose 1.3% on Year.

Personal Income/Spending (MoM):
U.S. March Saving Rate Slows to 2.7%; Lowest in 18 Months; February Spending Revised to rise 0.5% from an increase by 0.3%; U.S. Personal Spending rose 0.6% in March; Compared to Consensus of an increase by 0.6%; February Personal Income Revised to rise 0.1% from Unchanged.

ISM Manufacturing Index:
U.S. ISM April Inventories Index 49.4 versus March 55.3; U.S. ISM April Production Index 66.9 versus March 61.1; U.S. ISM April New Orders Index 65.7 versus March 61.5; U.S. ISM April Employment Index 58.5 versus March 55.1; U.S. ISM April Prices Index 78.0 versus March 75.0; U.S. ISM April Manufacturing PMI Expected 60.1; U.S. ISM April Manufacturing PMI 60.4 versus March 59.6.

Construction Spending (MoM):
February Construction Spending Revised to fall 2.1% from a decrease by 1.3%; U.S. Construction Spending rose 0.2% in March; Compared to Consensus of a decrease by 0.5%.

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 143.22 points, EOD 11,151.83
NYSE (New York Stock Exchange) gain 68.72, EOD 7,543.12
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 35.57 points, EOD 2,496.76
S&P 500 (SPX) gain 15.34 points, EOD 1,202.03
BEL 20 (BEL20) gain 11.47 points, EOD 2,572.46
CAC 40 (CAC40) gain 11.47 points, EOD 3,828.46
FTSE100 (UKX100) unchanged, EOD 5,553.29
NIKKEI 225 (NIK/O) unchanged, EOD 11,057.40

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,412, declined stock prices 737, unchanged stock prices 54, stock prices hitting new highs 253 and stock prices hitting new lows 13. 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: GS gain 0.42, HOD 150.65, LOD 146.53, EOD 149.47; BP shed 1.99, HOD 51.29, LOD 47.35, EOD 50.16; FAS gain 4.85, HOD 106.60, LOD 102.13, EOD 105.79; RTP shed 2.80, HOD 51.35, LOD 47.10, EOD 48.06; RIG gain 0.59, HOD 75.22, LOD 68.30, EOD 72.91; BLC gain 0.30, HOD 9.13, LOD 8.56, EOD 8.97; VRX gain 2.24, HOD 47.99, LOD 45.25, EOD 47.24.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,995, declined stock prices 767, unchanged stock prices 106, stock prices hitting new highs 141 and stock prices hitting new lows 20. 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: AAPL gain 5.26, HOD 267.88, LOD 262.88, EOD 266.35; BIDU gain 20.03, HOD 712.00, LOD 695.01, EOD 708.99; AMZN gain 0.39, HOD 139.44, LOD 136.11, EOD 137.49; ISRG gain 11.66, HOD 373.06, LOD 362.30, EOD 372.22.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 282, declined stock prices 211, unchanged stock prices 39, stock prices hitting new highs 31 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) Mar 10: EOD 1198.75; Change 15.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,027.50; Change 29.00
E-mini DOW $5 (YM) Mar 10: EOD 11,101; Change 141
E-mini S&P MidCap 400 (MF) Mar 10: EOD 834.40; Change 12.80
Nikkei 225 (Yen) Mar 10: EOD 11,110; Change 120

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7578 to U.S. Dollars 1.3200
Japanese Yen 94.5950 to U.S. Dollars 0.0105
British Pound 0.6558 to U.S. Dollars 1.5200
Canadian Dollar 1.0117 to U.S. Dollars 0.9891
Swiss Franc 1.0856 to U.S. Dollars 0.9209

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (June 10) gain $0.04, EOD $86.19 per barrel ($US per barrel)
Heating Oil (June 10) gain $0.02, EOD $2.35 a gallon ($US per gallon)
Natural Gas (June 10) gain $0.08, EOD $4.00 per million BTU ($US per mmbtu.)
Unleaded Gas (June 10) gain $0.03, EOD $0.03 gallon ($US per gallon)

Metals Markets - Comex:
Gold (May 10) gain $2.60, EOD $1,182.70 ($US per Troy ounce)
Silver (May 10) gain $0.20, EOD $18.81 ($US per Troy ounce)
Platinum (May 10) shed $16.20, EOD $1,728.90 ($US per Troy ounce)
Copper (May 10) gain $0.05, EOD $3.28 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (May 10) gain $0.30, EOD $89.82
Pork Bellies (May 10) gain $0.92, EOD $99.72
Live Cattle (June 10) gain $1.30 EOD $95.52
Feeder Cattle (May 10) gain $0.60, EOD $113.40

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) shed $3.50, EOD $362.75
Soybeans (May 10) shed $13.75, EOD $975.75

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