Job Cuts

Daily Market Commentary for August 6, 2010

Job Cuts

Investors grew more concerned today when reports showed more jobs cut were made than expected last month. (Read more at )

Economic data released today:

Nonfarm Payrolls:
U.S. June Payrolls Revised to fall 221K from a decrease by 125K; U.S. July Government Payrolls fell 202K; Federal fell 154K; U.S. July Manufacturing Payrolls rose 36K; Service-Producing fell 164K; U.S. July Private Payrolls rose 71K; U.S. July Nonfarm Payrolls fell 131K; Compared to Consensus of a decrease by 60K.

Unemployment Rate:
U.S. June Unemployment Left Unrevised at 9.5%; U.S. July Unemployment Rate 9.5%; Compared to Consensus of 9.6%.

Average Hourly Earnings (MoM):
U.S. July Average Hourly Earnings rose 0.04 to $22.59.

Average Weekly Hours:
U.S. July Overall Workweek rose 0.1 Hour to 34.2 Hours.

Consumer Credit:
May Consumer Credit Revised to Down $5.3B from Down $9.1B; U.S. June Consumer Credit Decreased $1.3B.

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 21.42 points, EOD 10,653.56
NYSE (New York Stock Exchange) shed 20.99, EOD 7,153.28
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 4.79 points, EOD 2,288.27
S&P 500 (SPX) shed 4.38 points, EOD 1,121.43
BEL 20 (BEL20) shed 36.27 points, EOD 2,549.82
CAC 40 (CAC40) shed 48.14 points, EOD 3,716.05
FTSE100 (UKX100) shed 33.39 points, EOD 5,32.39
NIKKEI 225 (NIK/O) shed 11.8 points, EOD 9,642.12

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,369, declined stock prices 1,698, unchanged stock prices 110, stock prices hitting new highs 204 and stock prices hitting new lows 36. 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 shed 0.88, HOD 57.77, LOD 55.50, EOD 57.05; POT shed 0.69, HOD 116.49, LOD 111.45, EOD 113.55; GS shed 0.80, HOD 156.06, LOD 153.77, EOD 155.12; AIG gain 1.01, HOD 42.19, LOD 39.90, EOD 40.91; MIR gain 0.07, HOD 11.03, LOD 10.70, EOD 10.95.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,076, declined stock prices 1,551, unchanged stock prices 126, stock prices hitting new highs 42 and stock prices hitting new lows 50. 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: APEI shed 13.79, HOD 31.60, LOD 28.50, EOD 28.88; AAPL shed 1.65, HOD 261.49, LOD 257.63, EOD 260.05; PCLN gain 2.36, HOD 298.99, LOD 289.00, EOD 295.03; DNDN gain 0.55, HOD 39.20, LOD 37.48, EOD 39.02; UPRO shed 1.83, HOD 146.69, LOD 140.25, EOD 145.87; FSLR shed 0.39, HOD 129.97, LOD 126.29, EOD 129.34; CSUN shed 0.32, HOD 4.99, LOD 4.45, EOD 4.52; NILE shed 2.28, HOD 45.68, LOD 41.70, EOD 45.26.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 247, declined stock prices 226, unchanged stock prices 50, stock prices hitting new highs 24 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 1117.75; Change -5.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,900.75; Change -0.25
E-mini DOW $5 (YM) Mar 10: EOD 10,600; Change -35
Nikkei 225 (Yen) Mar 10: EOD 9,565; Change -30

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7525 to U.S. Dollars 1.3300
Japanese Yen 85.3850 to U.S. Dollars 0.0117
British Pound 0.6263 to U.S. Dollars 1.6000
Canadian Dollar 1.0294 to U.S. Dollars 0.9728
Swiss Franc 1.0380 to U.S. Dollars 0.9634

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 10) shed $1.31, EOD $80.70 per barrel ($US per barrel)
Heating Oil (September 10) shed $0.03, EOD $2.15 a gallon ($US per gallon)
Natural Gas (September 10) shed $0.13, EOD $4.47 per million BTU ($US per mmbtu.)
Unleaded Gas (September 10) shed $0.05 EOD $2.11 gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 10) gain $6.20, EOD $1,203.40 ($US per Troy ounce)
Silver (August 10) gain $0.15, EOD $18.46 ($US per Troy ounce)
Platinum (August 10) shed $1.70, EOD $1,570.80 ($US per Troy ounce)
Copper (August 10) shed $0.01, EOD $3.34 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 10) shed $1.75, EOD $82.05
Pork Bellies (August 10) gain $4.50, EOD $123.00
Live Cattle (August 10) shed $0.12, EOD $92.77
Feeder Cattle (August 10) shed $0.30, EOD $112.40

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) gain $1.50, EOD $405.00
Soybeans (August 10) gain $4.00, EOD $1,059.00

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