European Debt

Daily Market Commentary for November 10, 2010

European Debt

Stocks were falling as investors grow more concerned over European debt troubles. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index rose 5.8% at 833.3; Last Week 787.3; U.S. MBA Purchase Index rose 5.5% at 188.7; Last Week 178.9; U.S. MBA Refinance Index rose 6.0% at 4,587.7; Last Week 4,328.8.

Trade Balance:
August Trade Balance Revised to Deficit $46.48B from Deficit $46.35B;
U.S. September Trade Deficit $44.00B; Compared to Consensus of a Deficit of $45.0B.

Import Price Index (MoM):
September Exports $154.10B, rose 0.3%; Imports $198.10B, fell 1.0%; U.S. October Petroleum Import Prices rose 3.3%; U.S. October Import Prices rose 0.9%; Compared to Consensus of an increase by 1.3%; U.S. October Non-Petroleum Import Prices rose 0.4%.

Initial Jobless Claims (MoM):
U.S. October 30 Week Continuing Claims fell 86K to 4,301,000; U.S. Jobless Claims fell 24K to 435K in November 6 Week; Compared to Survey of a decrease by 7K.

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 8.02 points, EOD 11,354.77
NYSE (New York Stock Exchange) gain 42.33, EOD 7,744.64
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 14.73 points, EOD 2,577.71
S&P 500 (SPX) gain 5.14 points, EOD 1,218.54
BEL 20 (BEL20) shed 30.59 points, EOD 2,672.25
CAC 40 (CAC40) shed 57.26 points, EOD 3,888.45
FTSE100 (UKX100) shed 58.25 points, EOD 5,816.94
NIKKEI 225 (NIK/O) triple digit gain 136.03 points, EOD 9,830.52

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,868, declined stock prices 1,198, unchanged stock prices 70, stock prices hitting new highs 116 and stock prices hitting new lows 19. 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: RL gain 7.16, HOD 109.28, LOD 105.73, EOD 108.06; AGQ gain 4.84, HOD 131.48, LOD 120.34, EOD 127.45; CLF gain 1.11, HOD 70.36, LOD 67.48, EOD 69.97; CRM gain 3.03, HOD 118.07, LOD 114.44, EOD 117.80; SMT shed 4.17, HOD 9.75, LOD 8.89, EOD 8.90; MBI gain 0.22, HOD 11.52, LOD 10.67, EOD 11.52.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,802, declined stock prices 890, unchanged stock prices 116, stock prices hitting new highs 120 and stock prices hitting new lows 27. 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 1.90, HOD 318.77, LOD 313.55, EOD 317.98; AMZN gain 2.93, HOD 173.37, LOD 169.41, EOD 173.34; BIDU gain 2.41, HOD 111.76, LOD 108.25, EOD 111.69; PCLN shed 1.58, HOD 423.90, LOD 411.45, EOD 41.07; JOBS gain 2.66, HOD 51.75, LOD 45.55, EOD 50.86; AONE shed 1.43, HOD 9.16, LOD 8.50, EOD 8.51.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 242, declined stock prices 244, unchanged stock prices 25, stock prices hitting new highs 10 and stock prices hitting new lows 5.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1215.25; Change 4.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,184.00; Change 7.75
E-mini DOW $5 (YM) Mar 10: EOD 11,315; Change 2
Nikkei 225 (Yen) Mar 10: EOD 9,870; Change 140

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7257 to U.S. Dollars 1.3800
Japanese Yen 82.2650 to U.S. Dollars 0.0122
British Pound 0.6202 to U.S. Dollars 1.6100
Canadian Dollar 1.0004 to U.S. Dollars 0.9996
Swiss Franc 0.9710 to U.S. Dollars 1.03

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 10) gain $1.09, EOD $87.81 per barrel ($US per barrel)
Heating Oil (December 10) gain $0.03, EOD $2.44 a gallon ($US per gallon)
Natural Gas (December 10) shed $0.16, EOD $4.05 per million BTU ($US per mmbtu.)
Unleaded Gas (December 10) gain $0.05, EOD $2.24 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 10) shed $10.80, EOD $1,399.30 ($US per Troy ounce)
Silver (December 10) shed $2.04, EOD $26.86 ($US per Troy ounce)
Platinum (January 11) shed $71.70, EOD $1,737.90 ($US per Troy ounce)
Copper (December 10) shed $0.07, EOD $3.97 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 10) gain $1.70, EOD $68.25
Pork Bellies (February 11) unchanged, EOD $104.50
Live Cattle (December 10) gain $1.15, EOD $99.35
Feeder Cattle (January 11) shed $1.52, EOD $114.95

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) shed $9.25, EOD $581.00
Soybeans (January 11) shed $9.50, EOD $1,319.50

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