Job Creation

Daily Market Commentary for December 1, 2010

Job Creation

Stocks soared as investors gained confidence following a report on job creation Wednesday. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index fell 16.5% at 608.8; Last Week 728.8; U.S. MBA Refinance Index fell 21.6% at 2,974.4; Last Week 3,793.6; U.S. MBA Purchase Index rose 1.1% at 207.2; Last Week 205.0.

ADP Nonfarm Employment Change (MoM):
ADP November U.S. Private Sector Jobs Expected to increase by 70,000; ADP November U.S. Private Sector Jobs rose 93,000.

Nonfarm Productivity (QoQ):
U.S. 2Q Non-Farm Productivity Unrevised at -1.8%; U.S. 3Q Non-Farm Productivity Consensus +2.4%; U.S. 3Q Non-Farm Productivity Revised +2.3%, Preliminary +1.9%.

Unit Labor Costs (QoQ):
U.S. 2Q Unit Labor Costs Revised to rise 4.9%; U.S. 3Q Unit Labor Costs Consensus fell 0.3%; U.S. 3Q Unit Labor Costs Unrevised at -0.1%, Preliminary -0.1%.

ISM Manufacturing Index:

U.S. ISM November Inventories Index 56.7 versus October 53.9; U.S. ISM November Production Index 55.0 versus October 62.7; U.S. ISM November New Orders Index 56.6 versus October 58.9; U.S. ISM November Employment Index 57.5 versus October 57.7; U.S. ISM November Prices Index 69.5 versus October 71.0.

ISM Manufacturing Prices:
U.S. ISM November Manufacturing PMI Expected 56.9; U.S. ISM November Manufacturing PMI 56.6 versus October 56.9.

Construction Spending (MoM):
September Construction Spending Revised to rise 0.7% from an increase by 0.5%; U.S. Construction Spending rose 0.7% in October; Compared to Consensus of a decrease by 0.1%.

Crude Oil Inventories as released by DOE:
U.S. Refineries Ran at 82.6% capacity; was Seen at 85.80% capacity; U.S. Refineries Ran at 82.6% capacity versus 85.5% capacity a Week Ago; U.S. Distillate Stockpiles fell 0.194 Million Barrels in Week; was Seen decreasing by 1.1 Million Barrels; U.S. Distillate Stockpiles fell 0.194 Million Barrels at 158.057 Million Barrels; U.S. Gasoline Stockpiles rose 0.561 Million Barrels in Week; was Seen Unchanged; U.S. Gasoline Stockpiles rose 0.561 Million Barrels at 210.153 Million Barrels; U.S. Crude Oil Stockpiles +1.066 Million Barrels in Week; was Seen decreasing by 1.1 Million Barrels; U.S. Crude Oil Stockpiles rose 1.066 Million Barrels at 359.691 Million Barrels.

Fed Beige Book:
Wage Pressure Subdued Across Most Districts; Hiring Activity Improves Across Most Districts; Prices for Goods Stable Despite Rising Input Costs; Housing Markets Remain Depressed; Households Remain Price Sensitive in Several Districts; Retail, Tourism Spending Broadly Improves; Holiday Shopping Expectations Generally Positive; Manufacturing Activity Expands in Most Districts; U.S. Economic Growth Continues to Improve.

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 248.02 points, EOD 11,254.04
NYSE (New York Stock Exchange) triple digit gain 170.60, EOD 7,601.54
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 51.11 points, EOD 2,549.34
S&P 500 (SPX) gain 25.18 points, EOD 1,205.73
BEL 20 (BEL20) gain 59.71 points, EOD 2,565.84
CAC 40 (CAC40) gain 58.85 points, EOD 3,669.29
FTSE100 (UKX100) triple digit gain 114.23 points, EOD 5,642.50
NIKKEI 225 (NIK/O) gain 51.01 points, EOD 9,988.05

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,434, declined stock prices 678, unchanged stock prices 64, stock prices hitting new highs 265 and stock prices hitting new lows 20. 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: AGQ gain 3.07, HOD 138.75, LOD 133.48, EOD 136.37; LVS gain 1.24, HOD 52.08, LOD 51.14, EOD 51.32; CME gain 11.94, HOD 301.22, LOD 292.21, EOD 300.31; CRM gain 4.65, HOD 144.98, LOD 141.92, EOD 143.8; HCN shed 0.85, HOD 45.74, LOD 44.40, EOD 45.44.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,956, declined stock prices 774, unchanged stock prices 110, stock prices hitting new highs 239 and stock prices hitting new lows 41. 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: AMZN gain 0.95, HOD 179.32, LOD 176.00, EOD 176.23; AAPL gain 5.25, HOD 317.75, LOD 315.00, EOD 316.40; NFLX shed 5.76, HOD 209.24, LOD 197.87, EOD 200.14; FFIV gain 7.08, HOD 139.88, LOD 134.11, EOD 138.96; ISLE gain 0.44, HOD 9.57, LOD 8.90, EOD 9.23; PCLN gain 9.05, HOD 410.50, LOD 402.10, EOD 403.10; OVTI gain 2.73, HOD 31.35, LOD 30.18, EOD 31.02; SCMR shed 4.77, HOD 28.31, LOD 25.00, EOD 25.25.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 257, declined stock prices 225, unchanged stock prices 34, stock prices hitting new highs 28 and stock prices hitting new lows 7.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1204.25; Change 24.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,161.75; Change 44.75
E-mini DOW $5 (YM) Mar 10: EOD 11,236; Change 240
Nikkei 225 (Yen) Mar 10: EOD 10,165; Change 230

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7611 to U.S. Dollars 1.3100
Japanese Yen 84.1950 to U.S. Dollars 0.0123
British Pound 0.6399 to U.S. Dollars 1.5600
Canadian Dollar 1.0160 to U.S. Dollars 0.9828
Swiss Franc 1.0032 to U.S. Dollars 0.0119

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (January 11) gain $2.64, EOD $86.75 per barrel ($US per barrel)
Heating Oil (January 11) gain $0.08, EOD $2.41 a gallon ($US per gallon)
Natural Gas (January 11) shed $0.13, EOD $4.13 per million BTU ($US per mmbtu.)
Unleaded Gas (January 11) gain $0.11, EOD $2.30 gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 11) gain $2.20, EOD $1,388.30 ($US per Troy ounce)
Silver (March 11) gain $0.20, EOD $28.41 ($US per Troy ounce)
Platinum (January 11) gain $17.60, EOD $1,684.00 ($US per Troy ounce)
Copper (March 11) gain $0.12, EOD $3.95 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 11) shed $0.52, EOD $75.25
Pork Bellies (February 11) unchanged, EOD $104.50
Live Cattle (February 11) gain $0.40, EOD $106.77
Feeder Cattle (January 11) shed $0.77, EOD $118.40

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) gain $22.25, EOD $566.25
Soybeans (January 11) gain $40.00, EOD $1,283.00

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