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Daily Market Commentary for March 8, 2010
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New York Stock Exchange
Things were quiet at the New York Stock
Exchange today, due to the lack of economic data released. Stocks were trading
in a narrow range today, as investors didn't get the confidence boost they
needed to continue the rallies of last week. They were starting to edge lower
this afternoon after being up a couple points in the morning; Investors will
really tune into economic reports over the next couple of days. In corporate
news, McDonalds reported that sales at stores open at least one year rose 4.8%
last month, more than double analysts' expectations of a 2.1% gain. Same-store
sales soared 10.5% in Asia, the Middle East and Africa, the fast food giant said
the increase in sales was partially due to the
Chinese New Year. McDonalds said that it's McCafe' coffee drinks along with hot
sellers like it's recent Olympic Chicken McNugget Meal and other dollar menu
items also helped push earnings higher. When AIG announced they reached a deal
MetLife Inc. to sell one of its major foreign divisions, financial stocks rose,
the deal will be worth $15.5 billion split
various ways. Another deal to take place came from Royal Dutch Shell and Petro
China; they have made a bid to buy Australia's Arrow Energy for $3 billion in
cash and stock, Royal Dutch already has a 10% stake in Arrow Energy. At the end
of the trading session stocks were down a couple of points, commodity prices
were mixed. Gold fell $10.90 to $1,124.50 and crude oil rose $0.34 to $81.84.
Bond prices fell, the yield on the benchmark 10-year note rose to 3.70 from 3.68
Friday.
Economic data released today:
U.S. Conference Board:
January Employment Trends Index Unrevised at 93.2; February Employment
Trends Index rose 0.3% to 93.5.
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) shed 15.12 points, EOD 10,551.08
NYSE (New York Stock
Exchange) gain 1.46, EOD 7,292.52
National Association of Securities Dealers Automated Quotations (NASDAQ)
gain 5.56 points, EOD 2,331.91
S&P 500 (SPX) shed 0.39 points, EOD 1,138.31
BEL 20 (BEL20) shed 10.2 points, EOD 2,600.83
CAC 40 (CAC40) shed 6.88 points, EOD 3,903.54
FTSE100 (UKX100) gain 6.96, EOD 5,606.76
NIKKEI 225 (NIK/O) triple digit gain 216.96 points, EOD 10,585.92
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 1,750, declined stock prices 1,342, unchanged stock
prices 107, stock prices hitting new highs 465 and stock prices hitting new lows
7. 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: X gain 2.15,
HOD 61.08, LOD 59.56, EOD 61.05; AIG gain 0.96, HOD 30.25, LOD 28.65, EOD
29.04; MA gain 6.34, HOD 247.08, LOD 238.39, EOD 245.88; CME gain
4.15, HOD 314.00, LOD 305.60, EOD 313.13; CF shed 1.76, HOD 105.65, LOD
102.66, EOD 102.98.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 1,461, declined stock prices 1,254, unchanged
stock prices 120, stock prices hitting new highs 247 and stock prices hitting new
lows 10. 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: TIVO shed 0.42, HOD 17.36, LOD
16.65, EOD 17.08; AMZN gain 1.20, HOD 130.85, LOD 127.71, EOD 130.11;
GMCR gain 4.70, HOD 93.67, LOD 88.16, EOD 92.44; PCLN gain 4.84,
HOD 240.98, LOD 233.70, EOD 240.18; RIMM gain 3.89, HOD 73.87, LOD 70.56,
EOD 73.39; BIDU gain 13.58, HOD 536.63, LOD 522.17, EOD 534.33; FSLR
gain 0.02, HOD 109.49, LOD 106.52, EOD 108.64.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 279, declined stock prices 228, unchanged stock
prices 41, stock prices hitting new highs 37 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 1138.00; Change 1.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,890.25; Change 4.75
E-mini DOW $5 (YM) Mar 10: EOD 10,542; Change -3
E-mini S&P MidCap 400 (MF) Mar 10: EOD 771.10; Change 2.80
Nikkei 225 (Yen) Mar 10: EOD 10,620; Change 80
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7337 U.S. Dollars 1.3629
Japanese Yen 90.2500 to U.S. Dollars 0.0111
British Pound 0.6640 to U.S. Dollars 1.5061
Canadian Dollar 1.0275 to U.S. Dollars 0.9732
Swiss Franc 1.0735 to U.S. Dollars 0.9315
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 10) gain $0.34, EOD $81.84 per barrel ($US per barrel)
Heating Oil (April 10) gain $0.01, EOD $2.11 a gallon ($US per gallon)
Natural Gas (April 10) shed $0.05, EOD $4.54 per million BTU ($US per mmbtu.)
Unleaded Gas (April 10) gain $0.02, EOD $2.29 gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 10) shed $10.90, EOD $1,124.50 ($US per Troy ounce)
Silver (May 10) shed $0.11, EOD $17.27 ($US per Troy ounce)
Platinum (April 10) gain $19.40, EOD $1,598.50 ($US per Troy ounce)
Copper (May 10) gain $0.01, EOD $3.41 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) shed $0.30, EOD $72.80
Pork Bellies (May 10) shed $0.98, EOD $92.03
Live Cattle (April 10) gain $1.25, EOD $94.20
Feeder Cattle (April 10) gain $0.78, EOD $106.00
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) shed $0.25, EOD $375.00
Soybeans (May 10) gain $6.25, EOD $948.00
BOND MARKET:
2 year EOD 99 30/32, change 0, Yield 0.89, Yield change 0.00
5 year EOD 100 2/32, change -3/32, Yield 2.36 Yield change 0.02
10 year EOD 99 10/32, change -6/32, Yield 3.70 Yield change 0.02
30 year EOD 99 5/32, change -16/32, Yield 4.67, change 0.03
Access upcoming scheduled economic data anytime by viewing the
Economic Calendar from Millennium-Traders, free access to visitors
on our website.
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plus, view upcoming economic data scheduled for the week ahead.
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Top of the page | |
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Total for Year |
Last Week |
$296,530.00 |
$11,526.00 |
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Total for Year |
Last Week |
$184,983.71 |
$7,197.50 |
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| |
Total for Year |
Last Week |
$407,600.00 |
$13,100.00 |
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| |
Total for Year |
Last Week |
$344,560.00 |
$20,460.00 |
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Total for Year |
Last Week |
$0.00 |
$0.00 |
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Futures Trading Room Performance for July 29, 2010
Forex Trading Room Performance for July 29, 2010
Daily Swing Trades Performance for July 29, 2010
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