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Dow Jones Industrial Average

Discussion in 'Forex Daily News & Outlook' started by MTnews, May 6, 2010.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for May 6, 2010

    Dow Jones Industrial Average

    Dow Jones Industrial Average sharply plunged almost 1,000 points this afternoon, showing how concerned investors are over the Greek debt crisis. (Read more at Millennium-Traders.Com)

    Economic data released today:

    ECB Decision:
    ECB Leaves Refinance Rate Unchanged at 1.0%; ECB Keeps Refinance Rate Unchanged.

    Initial Jobless Claims:
    U.S. April 24 Week Jobless Claims Revised to 451K from 448K; U.S. Apr 24 Week Continuing Claims fell 59K to 4,594,000; U.S. Jobless Claims fell 7K to 444K in May 1 Week; Compared to Survey of a decrease by 8K.

    Nonfarm Productivity (QoQ):
    U.S. 4Q Non-Farm Productivity Revised to rise 6.3%; U.S. 1Q Non-Farm Productivity rose 3.6%; Compared to Consensus of an increase by 2.6%.

    Unit Labor Costs (QoQ):
    U.S. 4Q Unit Labor Costs Revised to fall 5.6%; U.S. 1Q Unit Labor Costs fell 1.6%; Compared to Consensus of a decrease by 0.7%.

    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 348.63 points, EOD 10,519.49
    NYSE (New York Stock Exchange) shed 246.60, EOD 7,011.28
    National Association of Securities Dealers Automated Quotations (NASDAQ) shed 82.65 points, EOD 2,319.64
    S&P 500 (SPX) shed 32.37 points, EOD 1,133.60
    BEL 20 (BEL20) shed 45.44 points, EOD 2,400.78
    CAC 40 (CAC40) shed 79.92 points, EOD 3,556.11
    FTSE100 (UKX100) shed 80.94 points, EOD 5,260.99
    NIKKEI 225 (NIK/O) shed 361.71, EOD 10,695.69

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 170, declined stock prices 3,039, unchanged stock prices 23, stock prices hitting new highs 52 and stock prices hitting new lows 222. 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: FAS shed 3.88, HOD 32.46, LOD 23.68, EOD 28.17; GS shed 5.87, HOD 148.63, LOD 140.65, EOD 142.32; FLS gain 0.21, HOD 113.48, LOD 102.39, EOD 107.39; DTV shed 0.29, HOD 37.64, LOD 34.38, EOD 34.98; PXP shed 1.99, HOD 27.84, LOD 24.07, EOD 25.41; MED gain 2.35, HOD 33.25, LOD 27.66, EOD 32.55; EOG shed 2.80, HOD 105.29, LOD 96.85, EOD 102.37; CME shed 3.28, HOD 329.40, LOD 307.41, EOD 321.39.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 353, declined stock prices 2,439, unchanged stock prices 65, stock prices hitting new highs 61 and stock prices hitting new lows 175. 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: FSYS shed 1.26, HOD 30.99, LOD 24.68, EOD 28.33; AAPL shed 9.74, HOD 258.25, LOD 199.25, EOD 246.25; PCLN shed 13.88, HOD 248.21, LOD 204.17, EOD 233.10; FISV gain 0.77, HOD 55.27, LOD 50.00, EOD 51.72; ISRG shed 9.65, HOD 349.66, LOD 314.15, EOD 337.29; WYNN shed 5.02, HOD 86.50, LOD 71.00, EOD 80.55; DNDN shed 5.30, HOD 52.90, LOD 42.45, EOD 47.60.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 84, declined stock prices 431, unchanged stock prices 28, stock prices hitting new highs 10 and stock prices hitting new lows 17.

    Chicago Board of Trade Futures Market for the day, at time of this posting:
    E-mini S&P 500 (ES) Mar 10: EOD 1126.50; Change -37.50
    E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,897.75; Change -60.75
    E-mini DOW $5 (YM) Mar 10: EOD 10,523; Change -311
    E-mini S&P MidCap 400 (MF) Mar 10: EOD 778.50; Change -25.10
    Nikkei 225 (Yen) Mar 10: EOD 10,190; Change -470

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7922 to U.S. Dollars 1.2600
    Japanese Yen 90.1850 to U.S. Dollars 0.0111
    British Pound 0.6736 to U.S. Dollars 1.4800
    Canadian Dollar 1.0683 to U.S. Dollars 0.9471
    Swiss Franc 1.1132 to U.S. Dollars 0.899

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (June 10) shed $2.86, EOD $77.11 per barrel ($US per barrel)
    Heating Oil (June 10) shed $0.07, EOD $2.11 a gallon ($US per gallon)
    Natural Gas (June 10) shed $0.06, EOD $3.93 per million BTU ($US per mmbtu.)
    Unleaded Gas (June 10) shed $0.06, EOD $2.16 gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (May 10) gain $22.30, EOD $1,196.90 ($US per Troy ounce)
    Silver (May 10) shed $0.01, EOD $17.49 ($US per Troy ounce)
    Platinum (May 10) gain $16.90, EOD $1,665.50 ($US per Troy ounce)
    Copper (May 10) shed $0.03, EOD $3.10 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (May 10) shed $0.32, EOD $89.02
    Pork Bellies (May 10) gain $0.20, EOD $102.70
    Live Cattle (June 10) shed $0.85 EOD $95.85
    Feeder Cattle (May 10) shed $0.55, EOD $113.35

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (May 10) shed $0.75, EOD $364.00
    Soybeans (May 10) shed $22.75, EOD $945.50

    Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

    Visitors may subscribe to our free Weekly Market News for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

    Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

    Thanks for reading
    Millennium-Traders.Com
     
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