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Daily Market Commentary for August 2, 2010

Fed Chairman

Fed Chairman Ben Bernanke reassured investors today that the worst of the recession is over. (Read more at ***********************)

Economic data released today:

ISM Manufacturing Index:
U.S. ISM July Inventories Index 50.2 versus June 45.8; U.S. ISM July Production Index 57.0 versus June 61.4; U.S. ISM July New Orders Index 53.5 versus June 58.5; U.S. ISM July Employment Index 58.6 versus June 57.8; U.S. ISM July Prices Index 57.5 versus June 57.0; U.S. ISM July Manufacturing PMI Expected 54.7; U.S. ISM July Manufacturing PMI 55.5 versus June 56.2.

Construction Spending (MoM):
May Construction Spending Revised fall 1.0% from a decrease by 0.2%; U.S. Construction Spending rose 0.1% in June; 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) triple digit gain 204.12 points, EOD 10,670.06
NYSE (New York Stock Exchange) triple digit gain 175.85, EOD 7,174.84
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 39.34 points, EOD 2,294.04
S&P 500 (SPX) gain 24.06 points, EOD 1,125.66
BEL 20 (BEL20) gain 62.05 points, EOD 2,579.35
CAC 40 (CAC40) triple digit gain 108.89 points, EOD 3,752.03
FTSE100 (UKX100) triple digit gain 139.09 points, EOD 5,397.11
NIKKEI 225 (NIK/O) gain 33.01 points, EOD 9,570.31

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,626, declined stock prices 492, unchanged stock prices 77, stock prices hitting new highs 308 and stock prices hitting new lows 15. 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: HBC gain 2.68, HOD 54.08, LOD 53.54, EOD 53.76; AGN gain 3.65, HOD 66.19, LOD 62.50, EOD 64.71; MDR gain 0.41, HOD 13.20, LOD 12.25, EOD 12.54; MA shed 7.79, HOD 208.12, LOD 201.18, EOD 202.25; BP gain 0.95, HOD 39.55, LOD 38.95, EOD 39.42; BLK gain 5.36, HOD 163.51, LOD 160.00, EOD 162.85; ERY shed 5.41, HOD 49.13, LOD 46.04, EOD 46.42; VRX gain 1.27, HOD 58.09, LOD 56.33, EOD 57.59; POL gain 1.15, HOD 11.77, LOD 10.56, EOD 11.46; HUM gain 1.71, HOD 48.83, LOD 47.31, EOD 48.73; GVA shed 0.03, HOD 23.79, LOD 22.00, EOD 23.22.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,934, declined stock prices 785, unchanged stock prices 122, stock prices hitting new highs 96 and stock prices hitting new lows 27. 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: AAPL gain 4.60, HOD 262.59, LOD 259.62, EOD 261.85; SHLD gain 2.86, HOD 75.32, LOD 71.18, EOD 73.86; FSLR gain 0.69, HOD 127.80, LOD 125.10, EOD 126.14.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 303, declined stock prices 194, unchanged stock prices 36, stock prices hitting new highs 18 and stock prices hitting new lows 2.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1122.50; Change 24.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,897.00; Change 34.75
E-mini DOW $5 (YM) Mar 10: EOD 10,621; Change 204
Nikkei 225 (Yen) Mar 10: EOD 9,725; Change 190

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7593 to U.S. Dollars 1.3200
Japanese Yen 86.4850 to U.S. Dollars 0.0115
British Pound 0.6293 to U.S. Dollars 1.5900
Canadian Dollar 1.0233 to U.S. Dollars 0.9771
Swiss Franc 1.0397 to U.S. Dollars 0.9617

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 10) gain $2.39, EOD $81.34 per barrel ($US per barrel)
Heating Oil (September 10) gain $0.06, EOD $2.15 a gallon ($US per gallon)
Natural Gas (September 10) shed $0.22, EOD $4.70 per million BTU ($US per mmbtu.)
Unleaded Gas (September 10) gain $0.04, EOD $2.17 gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 10) gain $1.70, EOD $1,183.40 ($US per Troy ounce)
Silver (August 10) gain $0.41, EOD $18.40 ($US per Troy ounce)
Platinum (August 10) unchanged, EOD $1,576.80 ($US per Troy ounce)
Copper (August 10) gain $0.07, EOD $3.38 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 10) gain $1.02, EOD $86.85
Pork Bellies (August 10) gain $3.00, EOD $106.50
Live Cattle (August 10) shed $0.45, EOD $92.20
Feeder Cattle (August 10) shed $1.07, EOD $112.65

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) shed $2.25, EOD $390.50
Soybeans (August 10) gain $0.75, EOD $1,053.25

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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