Economic Conditions

Daily Market Commentary for October 8, 2010

Economic Conditions

Today's report from the Labor Department left investors concerned about current economic conditions. (Read more at Millennium-Traders.Com)

Economic data released today:

Nonfarm Payrolls (MoM):
U.S. March 2010 Total Nonfarm Payrolls Benchmark Revised by -366K; U.S. August Payrolls Revised to -57K from -54K; U.S. September Government Payrolls fell 159K; Federal fell 76K; U.S. September Manufacturing Payrolls fell 6K; Service-Producing fell 73K; U.S. September Private Payrolls rose 64K; U.S. September Nonfarm Payrolls fell 95K; Compared to Consensus of a decrease by 10K.

Unemployment Rate (MoM):
U.S. August Unemployment Left Unrevised at 9.6%; U.S. September Unemployment Rate 9.6%; Compared to Consensus of 9.7%.

Average Hourly Earnings (MoM):
U.S. September Overall Workweek 0 Hour to 34.2 Hours; U.S. September Average Hourly Earnings rose $0.01 to $22.67.

Wholesale Inventories (MoM):
U.S. August Wholesale Inventories rose 0.8%; was Expected to increase by 0.5%.

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 65.01 points, EOD 10,945.55
NYSE (New York Stock Exchange) gain 54.00, EOD 7,479.01
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 17.74 points, EOD 2,401.41
S&P 500 (SPX) gain 6.98 points, EOD 1,165.04
BEL 20 (BEL20) gain 18.75 points, EOD 2,622.78
CAC 40 (CAC40) shed 7.29 points, EOD 3,763.18
FTSE100 (UKX100) shed 4.52 points, EOD 5,657.61
NIKKEI 225 (NIK/O) shed 95.93 points, EOD 9,588.88

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,218, declined stock prices 799, unchanged stock prices 121, stock prices hitting new highs 245 and stock prices hitting new lows 9. 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: CRM gain 1.12, HOD 106.81, LOD 102.91, EOD 106.00; CF gain 11.10, HOD 112.64, LOD 104.14, EOD 109.63; LPS shed 1.40, HOD 27.77, LOD 26.01, EOD 26.46; ESI gain 1.51, HOD 68.82, LOD 66.74, EOD 68.42; AA gain 0.71, HOD 13.13, LOD 12.60, EOD 12.89.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,906, declined stock prices 749, unchanged stock prices 130, stock prices hitting new highs 137 and stock prices hitting new lows 25. 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: KLIC shed 0.63, HOD 5.98, LOD 5.51, EOD 5.85; AAPL gain 4.71, HOD 294.50, LOD 290.00, EOD 293.90; EQIX shed 0.13, HOD 76.47, LOD 73.05, EOD 74.91; BIDU gain 0.13, HOD 99.54, LOD 96.17, EOD 96.17; NFLX shed 1.85, HOD 153.00, LOD 148.05, EOD 14.58; PCLN gain 10.04, HOD 343.89, LOD 334.63, EOD 340.90; ONXX shed 0.85, HOD 27.33, LOD 25.53, EOD 26.65.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 313, declined stock prices 169, unchanged stock prices 35, stock prices hitting new highs 15 and stock prices hitting new lows 1.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1163.50; Change 7.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,028.25; Change 14.25
E-mini DOW $5 (YM) Mar 10: EOD 10,969; Change 57
Nikkei 225 (Yen) Mar 10: EOD 9,610; Change -45

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7179 to U.S. Dollars 1.3900
Japanese Yen 82.0750 to U.S. Dollars 0.0121
British Pound 0.6268 to U.S. Dollars 1.6000
Canadian Dollar 1.0112 to U.S. Dollars 0.9890
Swiss Franc 0.9632 to U.S. Dollars 1.04

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (November 10) gain $0.99, EOD $82.62 per barrel ($US per barrel)
Heating Oil (November 10) gain $0.03, EOD $2.28 a gallon ($US per gallon)
Natural Gas (November 10) gain $0.03, EOD $3.65 per million BTU ($US per mmbtu.)
Unleaded Gas (November 10) gain $0.03, EOD $2.15 gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 10) gain $10.30, EOD $1,345.30 ($US per Troy ounce)
Silver (December 10) gain $0.52, EOD $23.10 ($US per Troy ounce)
Platinum (January 10) gain $3.70, EOD $1,708.70 ($US per Troy ounce)
Copper (December 10) gain $0.09, EOD $3.77 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 10) gain $2.55, EOD $73.85
Pork Bellies (February 10) unchanged, EOD $103.00
Live Cattle (December 10) gain $1.90, EOD $99.00
Feeder Cattle (November 10) shed $1.32, EOD $107.65

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) gain $30.00, EOD $528.25
Soybeans (November 10) gain $70.00, EOD $1,135.00

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