Earthquake In Japan

Daily Market Commentary for March 11, 2011

Earthquake In Japan

Stocks managed to make gains after news that an 8.9 magnitude earthquake in Japan triggered a tsunami that could have affects throughout parts of country. (Read more at http://www.millennium-traders.com/news/marketcommentarymarch112011.aspxMillennium-Traders.Com)

Economic data released today:

Retail Sales:
January Retail & Food Sales Revised to rise 0.7% from +0.3%; U.S. February Retail & Food Sales Excluding-Autos rose 0.7%; U.S. February Retail & Food Sales rose 1.0%; Compared to Consensus of an increase by 1.2%.

Michigan Consumer Sentiment Index:
University Michigan Mid-March Sentiment 68.2; University Michigan Mid- March Current Index 83.6; University Michigan Mid- March Expectations 58.3; University Michigan 12-Month Inflation forecast rose 4.6%; University Michigan 5-Year Inflation forecast rose 3.2%.

Business Inventories:
U.S. January Business Inventories rose 0.9%; was Expected to increase by 0.8%.

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 57.14 points, EOD 12,041.75
NYSE (New York Stock Exchange) gain 48.22, EOD 8,248.29
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 17.05 points, EOD 2,718.07
S&P 500 (SPX) gain 10.31 points, EOD 1,305.42
BEL 20 (BEL20) shed 14.13 points, EOD 2,652.11
CAC 40 (CAC40) shed 35.31 points, EOD 3,928.68
FTSE100 (UKX100) shed 16.62 points, EOD 5,828.67
NIKKEI 225 (NIK/O) shed 179.95 points, EOD 10,254.43

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,052, declined stock prices 1,007, unchanged stock prices 88, stock prices hitting new highs 40 and stock prices hitting new lows 26. 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 6.76, HOD 209.78, LOD 187.69, EOD 206.32; NDN gain 2.90, HOD 19.97, LOD 19.46, EOD 19.58; MED shed 5.22, HOD 22.08, LOD 16.03, EOD 16.68; AU gain 1.56, HOD 47.37, LOD 45.90, EOD 47.04; CHS gain 0.44, HOD 13.84, LOD 13.28, EOD 13.78; SVN shed 0.04, HOD 19.95, LOD 19.38, EOD 19.78; RIC gain 0.11, HOD 6.01, LOD 5.57, EOD 6.01; SLW gain 1.17, HOD 42.35, LOD 38.64, EOD 41.91; CME shed 0.37, HOD 297.56, LOD 292.53, EOD 295.57; CRM gain 0.67, HOD 129.29, LOD 124.99, EOD 127.87.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,401, declined stock prices 1,248, unchanged stock prices 101, stock prices hitting new highs 33 and stock prices hitting new lows 73. 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: RCRC gain 2.80, HOD 28.86, LOD 27.95, EOD 28.31; NFLX gain 4.52, HOD 205.24, LOD 200.11, EOD 204.54; GMCR shed 2.85, HOD 60.66, LOD 57.82, EOD 58.86; CCME shed 0.53, HOD 12.40, LOD 11.42, EOD 11.88; SIGA shed 0.29, HOD 12.89, LOD 11.93, EOD 12.27; APEI shed 0.30, HOD 42.13, LOD 40.99, EOD 41.51; VRTX gain 1.65, HOD 46.62, LOD 44.24, EOD 46.45.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 285, declined stock prices 199, unchanged stock prices 30, stock prices hitting new highs 4 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 1305.25; Change 11.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,300.00; Change 16.25
E-mini DOW $5 (YM) Mar 10: EOD 12,051; Change 68
Nikkei 225 (Yen) Mar 10: EOD 9965; Change -310

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7197 to U.S. Dollars 1.39
Japanese Yen 81.8850 to U.S. Dollars 0.0122
British Pound 0.6222 to U.S. Dollars 1.6100
Canadian Dollar 0.9716 to U.S. Dollars 1.03
Swiss Franc 0.9298 to U.S. Dollars 1.08

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 11) shed $1.54, EOD $101.16 per barrel ($US per barrel)
Heating Oil (April 11) shed $0.01, EOD $3.03 a gallon ($US per gallon)
Natural Gas (April 11) gain $0.05, EOD $3.89 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) shed $0.03, EOD $2.99 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 11) gain $9.30, EOD $1,421.80 ($US per Troy ounce)
Silver (May 11) gain $0.86, EOD $35.94 ($US per Troy ounce)
Platinum (April 11) gain $16.10, EOD $1,781.70 ($US per Troy ounce)
Copper (May 11) gain $0.01, EOD $4.21 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) shed $1.95, EOD $99.50
Pork Bellies (May 11) unchanged, EOD $117.00
Live Cattle (April 11) gain $0.05, EOD $117.00
Feeder Cattle (May 11) gain $0.42, EOD $137.70

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 11) shed $18.50, EOD $664.25
Soybeans (May 11) shed $21.00, EOD $1,334.50

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