Greece Bailout

Daily Market Commentary for May 4, 2010

Greece Bailout

Stocks fell over 200 points today, over concern that the Greece bailout from the European Union won't be sufficient enough. (Read more at Millennium-Traders.Com)Stocks fell over 200 points today, over concern that the Greece bailout from the European Union won't be sufficient enough. (Read more at Millennium-Traders.Com)

Economic data released today:

Redbook:
U.S. Retail Sales rose 1.7% Week Ended May 1 versus Year-Ago; U.S. Retail Sales First 4 Weeks April rose 2.4% versus April Year-Ago; U.S. Retail Sales First 4 Weeks April fell 2.2% versus March.

Pending Home Sales (MoM):
U.S. Pending Home Sales Index rose 5.3% to 102.9 in March; U.S. March Pending Home Sales rose 21.1% from March 2009.

Factory Orders (MoM):
U.S. Factory Orders rose 1.3% in March; Compared to Consensus of a decrease by 0.1%; March Factory Orders, Excluding Transportation, rose 3.1%; March Factory Orders, Excluding Defense, rose 1.3%; February Factory Orders Revised to rise 1.3% from an increase by 0.6%; March Durable Goods Revised to fall 0.6% from a decrease by 1.3%.

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 222.27 points, EOD 10,929.56
NYSE (New York Stock Exchange) shed 206.04, EOD 7,338.26
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 75.6 points, EOD 2,423.14
S&P 500 (SPX) shed 28.69 points, EOD 1,173.57
BEL 20 (BEL20) shed 68.21 points, EOD 2,504.25
CAC 40 (CAC40) shed 139.17 points, EOD 3,689.29
FTSE100 (UKX100) shed 142.18 points, EOD 5,411.11
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 463, declined stock prices 2,697, unchanged stock prices 58, stock prices hitting new highs 82 and stock prices hitting new lows 33. 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: MA gain 1.07, HOD 257.00, LOD 250.30, EOD 251.81; LF shed 1.38, HOD 5.97, LOD 5.50, EOD 5.74; EOG shed 3.31, HOD 110.54, LOD 105.43, EOD 110.25; EDC gain 17.33, HOD 123.87, LOD 112.45, EOD 113.64; BHI shed 2.72, HOD 50.00, LOD 47.79, EOD 48.00; POT shed 4.76, HOD 107.37, LOD 103.61, EOD 104.31; CME shed 6.80, HOD 325.56, LOD 319.69, EOD 322.15.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 417, declined stock prices 2,363, unchanged stock prices 58, stock prices hitting new highs 58 and stock prices hitting new lows 45. 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 shed 7.76, HOD 263.29, LOD 256.75, EOD 258.68; BIDU shed 15.99, HOD 703.00, LOD 686.55, EOD 693.00; ISRG shed 10.50, HOD 369.50, LOD 359.01, EOD 361.72; VVUS gain 1.43, HOD 12.00, LOD 9.76, EOD 11.75.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 125, declined stock prices 381, unchanged stock prices 32, stock prices hitting new highs 13 and stock prices hitting new lows 9.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1171.00; Change -27.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,967.50; Change -59.50
E-mini DOW $5 (YM) Mar 10: EOD 10,883; Change -219
E-mini S&P MidCap 400 (MF) Mar 10: EOD 811.40; Change -21.80
Nikkei 225 (Yen) Mar 10: EOD 10,710; Change -390

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7691 to U.S. Dollars 1.3000
Japanese Yen 94.3750 to U.S. Dollars 0.0105
British Pound 0.6596 to U.S. Dollars 1.5200
Canadian Dollar 1.0252 to U.S. Dollars 0.9758
Swiss Franc 1.1018 to U.S. Dollars 0.9075

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (June 10) shed $3.45, EOD $82.74 per barrel ($US per barrel)
Heating Oil (June 10) shed $0.08, EOD $2.26 a gallon ($US per gallon)
Natural Gas (June 10) shed $0.01, EOD $3.99 per million BTU ($US per mmbtu.)
Unleaded Gas (June 10) shed $0.09, EOD $2.34 gallon ($US per gallon)

Metals Markets - Comex:
Gold (May 10) shed $14.10, EOD $1,168.60 ($US per Troy ounce)
Silver (May 10) shed $0.99, EOD $17.82 ($US per Troy ounce)
Platinum (May 10) shed $43.10, EOD $1,685.80 ($US per Troy ounce)
Copper (May 10) shed $0.11, EOD $3.16 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (May 10) gain $0.20, EOD $90.02
Pork Bellies (May 10) gain $1.47, EOD $101.20
Live Cattle (June 10) gain $0.50 EOD $96.02
Feeder Cattle (May 10) gain $0.02, EOD $113.42

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) shed $2.75, EOD $360.00
Soybeans (May 10) gain $1.25, EOD $977.00

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