Unemployment Claims

Daily Market Commentary for June 17, 2010

Unemployment Claims

First time unemployment claims fell unexpectedly last week, causing stocks to fall. (Read more at Millennium-Traders.Com)

Economic data released today:

CPI:
U.S. May CPI Energy Prices fell 2.9%; Food Prices Unchanged; U.S. May CPI Unrounded fell 0.163%; Core rose 0.122%; U.S. May CPI Excluding-Food & Energy rose 0.1; Compared to Consensus of an increase by 0.1%; U.S. May Consumer Prices fell 0.2%; Compared to Consensus of a decrease by 0.2%.

Initial Jobless Claims:
U.S. June 5 Week Jobless Claims Revised to 460K from 456K; U.S. June 5 Week Continuing Claims rose 88K to 4,571,000; U.S. Jobless Claims rose 12K to 472K in Week of June 12; Compared to Survey of a decrease by 6K; U.S. Real Average Weekly Earnings rose 0.8% in May.

Current Account:
U.S. 4Q Current Account Revised to Deficit of $100.9B versus a Deficit of $115.6B; U.S. 1Q Current Account Deficit $109.0B; Was Seen at a Deficit of $120.3B.

Philadelphia Fed Manufacturing Index:
Philadelphia Fed June Inventories 4.6 versus May decrease by 7.9; Philadelphia Fed June Delivery Times 6.8 versus May decrease by 1.2; Philadelphia Fed June Shipments 14.2 versus May 15.8; Philadelphia Fed June New Orders 9.0 versus May 6.1; Philadelphia Fed June Employment fell 1.5 versus May 3.2; Philadelphia Fed June Price Paid 10.0 versus May 35.5; Philadelphia Fed June Business Index Expected 21.0; Philadelphia Fed June Business Index 8.0 versus May 21.4.

U.S. Conference Board Leading Index (MoM):
May Lagging Index fell 0.1%; May Coincident Index rose 0.4%; May Leading Index rose 0.4%.

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 24.71 points, EOD 10,434.17
NYSE (New York Stock Exchange) gain 5.95, EOD 6,982.04
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 1.43 points, EOD 2,307.36
S&P 500 (SPX) gain 1.16 points, EOD 1,115.77
BEL 20 (BEL20) gain 9.56 points, EOD 2,523.36
CAC 40 (CAC40) gain 7.15 points, EOD 3,683.08
FTSE100 (UKX100) gain 15.97 points, EOD 5,253.89
NIKKEI 225 (NIK/O) shed 67.75 points, EOD 9,999.40

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,515, declined stock prices 1,573, unchanged stock prices 118, stock prices hitting new highs 62 and stock prices hitting new lows 15. 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: RIG gain 2.39, HOD 49.99, LOD 48.09, EOD 49.41; APC shed 1.28, HOD 43.70, LOD 40.54, EOD 41.78; ICE shed 4.54, HOD 124.50, LOD 120.80, EOD 122.40; CME shed 1.34, HOD 312.48, LOD 305.92, EOD 309.31; BP shed 0.15, HOD 32.46, LOD 31.25, EOD 31.70; MA gain 3.46, HOD 217.17, LOD 211.11, EOD 214.08; WGO gain 1.32, HOD 13.17, LOD 12.02, EOD 12.40; IHS gain 3.53, HOD 59.78, LOD 56.35, EOD 59.10; PIR gain 0.21, HOD 8.78, LOD 7.76, EOD 8.23.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,329, declined stock prices 1,315, unchanged stock prices 136, stock prices hitting new highs 41 and stock prices hitting new lows 35. 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: STLD shed 0.34, HOD 14.13, LOD 13.68, EOD 13.87; AAPL gain 4.57, HOD 272.90, LOD 269.50, EOD 271.82; UPRO gain 0.69, HOD 146.69, LOD 141.70, EOD 145.84; BIDU shed 2.34, HOD 75.35, LOD 71.92, EOD 72.47.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 245, declined stock prices 235, unchanged stock prices 37, stock prices hitting new highs 8 and stock prices hitting new lows 10.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1112.00; Change 2.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,909.75; Change 3.75
E-mini DOW $5 (YM) Mar 10: EOD 10,377; Change 33
E-mini S&P MidCap 400 (MF) Mar 10: EOD 772.00; Change -2.50
Nikkei 225 (Yen) Mar 10: EOD 10,035; Change -55

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.8079 to U.S. Dollars 1.2400
Japanese Yen 90.9050 to U.S. Dollars 0.011
British Pound 0.6751 to U.S. Dollars 1.4800
Canadian Dollar 1.0285 to U.S. Dollars 0.9729
Swiss Franc 1.1123 to U.S. Dollars 0.8989

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 10) shed $0.88, EOD $76.79 per barrel ($US per barrel)
Heating Oil (July 10) gain $0.03, EOD $2.15 a gallon ($US per gallon)
Natural Gas (July 10) shed $0.18, EOD $5.16 per million BTU ($US per mmbtu.)
Unleaded Gas (July 10) gain $0.01, EOD $2.16 gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 10) gain $18.20, EOD $1,247.50 ($US per Troy ounce)
Silver (June 10) gain $0.33, EOD $18.77 ($US per Troy ounce)
Platinum (June 10) gain $4.50, EOD $1,572.00 ($US per Troy ounce)
Copper (June 10) shed $0.09, EOD $2.90 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 10) shed $0.55, EOD $80.35
Pork Bellies (July 10) gain $0.50, EOD $98.00
Live Cattle (June 10) shed $0.45, EOD $89.60
Feeder Cattle (August 10) shed $0.75, EOD $110.15

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 10) gain $1.25, EOD $357.50
Soybeans (July 10) shed $5.75, EOD $952.00

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