Chairman Bernanke

Daily Market Commentary for June 9, 2010

Chairman Bernanke

Chairman Bernanke reassured investors' today, when he testified before the House Budget Committee. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index fell 12.2% at 560.9; Last Week 639.0; U.S. MBA Purchase Index fell 5.7% at 167.8; Last Week 178.0; U.S. MBA Refinance Index fell 14.3% at 2,859.5; Last Week 3,336.9.

Wholesale Inventories (MoM):
U.S. April Wholesale Inventories rose 0.4%; Expected to increase by 0.5%; U.S. April Wholesale Inventory fell to-sales ratio hits record low.

Crude Oil Inventories as reported by DOE:
U.S. Refineries Ran at 89.1%; capacity; Was Seen at 87.50%; U.S. Refineries Ran at 89.1% capacity versus 87.5% capacity a Week Ago; U.S. Distillate Stocks rose 1.836 Million Barrels in Week; Was Seen increasing by 0.3 Million Barrels; U.S. Distillate Stocks rose 1.836 Million Barrels at 154.824 Million Barrels; U.S. Gasoline Stocks fell 0.008 Million Barrels in Week; Seen decreasing by 0.4 Million Barrels; U.S. Gasoline Stocks fell 0.008 Million Barrels at 218.976 Million Barrels; U.S. Crude Oil Stocks fell 1.829 Million Barrels in Week; Seen decreasing by 0.7 Million Barrels; U.S. Crude Oil Stocks fell 1.829 Million Barrels at 361.415 Million Barrels.

Beige Book:
Fed Beige Book: Gulf oil spill tempered outlook for some tourism; Fed Beige Book: Gulf oil spill damaged fishing operations; Prices of final goods, services largely stable; Gulf oil spill had little immediate effect on oil; Tax credit helps housing sector; Commercial real estate remains weak; Labor market conditions improve slightly; Many districts describe growth as 'modest'; Consumer, business spending increased.

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 40.28 points, EOD 9,899.55
NYSE (New York Stock Exchange) shed 36.63, EOD 6,559.49
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 10.92 points, EOD 2,159.65
S&P 500 (SPX) shed 6.29 points, EOD 1,055.71
BEL 20 (BEL20) gain 34.79 points, EOD 2,425.68
CAC 40 (CAC40) gain 66.41 points, EOD 3,446.77
FTSE100 (UKX100) gain 57.71 points, EOD 5,085.86
NIKKEI 225 (NIK/O) shed 98.81 points, EOD 9,439.13

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,589, declined stock prices 1,542, unchanged stock prices 82, stock prices hitting new highs 36 and stock prices hitting new lows 46. 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: CME shed 6.52, HOD 302.82, LOD 291.13, EOD 291.59; EOG shed 1.49, HOD 108.54, LOD 103.09, EOD 103.87; RIG shed 3.66, HOD 48.15, LOD 41.88, EOD 42.67; BP shed 5.53, HOD 34.45, LOD 29.00, EOD 29.15; APC shed 7.76, HOD 44.17, LOD 34.57, EOD 35.04; PLL gain 2.93, HOD 36.43, LOD 34.82, EOD 35.16; OXM gain 3.85, HOD 22.75, LOD 19.00, EOD 21.99; NCS shed 0.84, HOD 9.58, LOD 8.83, EOD 8.95; DO gain 0.15, HOD 61.00, LOD 56.95, EOD 57.09.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,268, declined stock prices 1,389, unchanged stock prices 128, stock prices hitting new highs 14 and stock prices hitting new lows 129. 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 6.13, HOD 251.90, LOD 242.49, EOD 243.20; PCLN shed 1.54, HOD 182.24, LOD 174.69, EOD 175.19; RMBS shed 3.71, HOD 22.75, LOD 18.10, EOD 18.19; MCHP gain 0.08, HOD 27.75, LOD 26.76, EOD 27.00; MDRX shed 1.75, HOD 17.63, LOD 16.49, EOD 16.64; AMZN shed 0.92, HOD 121.47, LOD 117.36, EOD 117.91.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 272, declined stock prices 198, unchanged stock prices 43, stock prices hitting new highs 10 and stock prices hitting new lows 11.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1055.50; Change -3.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,779.75; Change -11.75
E-mini DOW $5 (YM) Mar 10: EOD 9,898; Change -16
E-mini S&P MidCap 400 (MF) Mar 10: EOD 726.60; Change 4.30
Nikkei 225 (Yen) Mar 10: EOD 9,500; Change -10

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.8344 to U.S. Dollars 1.2000
Japanese Yen 91.3450 to U.S. Dollars 0.0109
British Pound 0.6883 to U.S. Dollars 1.4500
Canadian Dollar 1.0427 to U.S. Dollars 0.9537
Swiss Franc 1.1483 to U.S. Dollars 0.8710

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 10) gain $2.39, EOD $74.38 per barrel ($US per barrel)
Heating Oil (July 10) gain $0.04, EOD $2.01 a gallon ($US per gallon)
Natural Gas (July 10) shed $0.13, EOD $4.68 per million BTU ($US per mmbtu.)
Unleaded Gas (July 10) gain $0.05, EOD $2.04 gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 10) shed $15.50, EOD $1,228.50 ($US per Troy ounce)
Silver (June 10) shed $0.28, EOD $18.18 ($US per Troy ounce)
Platinum (June 10) gain $5.20, EOD $1,532.00 ($US per Troy ounce)
Copper (June 10) gain $0.07, EOD $2.84 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 10) shed $0.17, EOD $77.45
Pork Bellies (July 10) gain $1.70, EOD $96.50
Live Cattle (June 10) shed $0.30, EOD $89.65
Feeder Cattle (August 10) gain $0.37, EOD $109.22

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 10) gain $1.00, EOD $338.25
Soybeans (July 10) shed $12.50, EOD $943.50

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