USA stock market daily report by Millenium Traders (May 4, 2009, Monday, 10.30 p.m. GMT)

Date: 4 May 2009

The markets held firmly in positive territory today at the hands of the angry Bulls, steering to move the markets higher. Trading action was mostly to the upside, with gains seen across the board. At the closing bell, the major U.S. indices posted a triple digit gain on the first Monday of the month of May. the gains were mostly attributed to the jump in pending home sales data. "This increase could be the leading edge of first-time buyers responding to very favorable affordability conditions and an $8,000 tax credit," said Lawrence Yun, chief economist for the National Association of Realtors. Throughout the trading session, Standard & Poor continuously hosted watch negative alerts on many banks today, well over 20 banks got the slash. Stress test results are expected out on banks, come Thursday. They were originally expected out today but, bank executives negotiations with the Treasury Department about preliminary findings prompted the delay until Thursday. President Barack Obama worked diligently today on making it more difficult for U.S. multinational companies to use overseas tax havens.

Economic data released today:

Construction Spending:
U.S. Construction Spending in March increased by 0.3% compared to consensus of a drop by 1.3%; U.S. February Construction Spending revised to a drop by 1.0% from a drop by 0.9%.

Pending Home Sales Index by the National Association if Realtors:
U.S. Pending Home Sales Index in March increased by 3.2%; U.S. March Pending Home Sales increased by 1.1% from March 2008.

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 214.17 points, EOD 8,426.58
NYSE (New York Stock Exchange) triple digit gain 231.46 points, EOD 5,800.22
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 44.36 points, EOD 1,763.56
S&P 500 (SPX) gain 29.72 points, EOD 907.24
BEL 20 (BEL20) gain 40.12 points, EOD 1,993.47
CAC 40 (CAC40) gain 78.12 points, EOD 3,237.97
FTSE100 (UKX100) unchanged, EOD 4,243.22
NIKKEI 225 (NIK/O) unchanged, EOD 8,977.37

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,295, declined stock prices 387, unchanged stock prices 497, stock prices hitting new highs 17 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: BKC: gain 1.06 points, HOD $18.21, LOD $17.48, EOD $17.89; WFC: gain 4.64 points, HOD $24.25, LOD $20.26, EOD $24.25; EOG: gain 5.96 points, HOD $72.16, LOD $66.28, EOD $72.04; CCC: shed 2.02 points, HOD $17.84, LOD $13.92, EOD $15.04; OSG: gain 3.08 points, HOD $37.35, LOD $33.96, EOD $36.10; POT: gain 5.76 points, HOD $96.43, LOD $92.06, EOD $96.27; ESI: shed 0.19 points, HOD $95.64, LOD $89.34, EOD $93.52; CME: gain 9.02 points, HOD $234.83, LOD $223.26, EOD $231.61; MA: gain 6.09 points, HOD $179.22, LOD $171.67, EOD $178.99; APA: gain 3.22 points, HOD $80.19, LOD $77.14, EOD $80.19.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,162, declined stock prices 656, unchanged stock prices 101, stock prices hitting new highs 34 and stock prices hitting new lows 12. 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: CYOU: gain 0.48 points, HOD $37.71, LOD $32.40, EOD $32.63; NAFC: gain 5.54 points, HOD $36.10, LOD $33.65, EOD $34.66; PSEM: gain 0.50 points, HOD $9.41, LOD $8.80, EOD $9.13; JOYG: gain 2.60 points, HOD $30.36, LOD $28.50, EOD $29.81; BIDU: gain 12.87 points, HOD $248.27, LOD $236.64, EOD $248.48; FSLR: gain 12.79 points, HOD $195.18, LOD $179.09, EOD $193.68; WYNN: gain 3.89 points, HOD $43.83, LOD $40.03, EOD $43.05.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 357, declined stock prices 169, unchanged stock prices 83, stock prices hitting new highs 8 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) June 09: EOD 903.25; Change 27.25
E-mini NASDAQ-100 (NQ) June 09: EOD 1,423; Change 24.50
E-mini DOW $5 (YM) June 09: EOD 8,365; Change 184
E-mini S&P MidCap 400 (MF) June 09: EOD 579.30; Change 21.70
Nikkei 225 (Yen) June 09; EOD 9,300; Change 190

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7462 to U.S. Dollars 1.3402
Japanese Yen 98.87 to U.S. Dollars 0.0101
British Pound 0.6663 to U.S. Dollars 1.5009
Canadian Dollar 1.1731 to U.S. Dollars 0.8524
Swiss Franc 1.1265 to U.S. Dollars 0.8877

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (June 09) gain $1.27, EOD $54.55 per barrel ($US per barrel)
Heating Oil (June 09) gain $0.05, EOD $1.43 a gallon ($US per gallon)
Natural Gas (June 09) gain $0.18, EOD $3.73 per million BTU ($US per mmbtu.)
Unleaded Gas (May 09) gain $0.07, EOD $1.59 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 09) gain $14.00, EOD $902.20 ($US per Troy ounce)
Silver (July 09) gain $0.1618, EOD $13.11 ($US per Troy ounce)
Platinum (July 09) gain $25.60, EOD $1,122 ($US per Troy ounce)
Copper (July 09) gain $0.04, EOD $2.14 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) shed 1.80, EOD 63.78
Pork Bellies (July 09) gain 0.68, EOD 78.80
Live Cattle (June 09) shed 0.23, EOD 81.88
Feeder Cattle (August 09) gain 0.23, EOD 98.68

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) shed 8.25, EOD 405.50
Soybeans (July 09) gain 12.50, EOD 1,104

BOND MARKET:

2 year EOD 99 28/32, change -2/32, Yield 0.93 Yield change 0.03
5 year EOD 99 8/32, change -3/32, Yield 2.03, Yield change 0.03
10 year EOD 96 119/32, change -1/32, Yield 3.15, Yield change 0
30 year EOD 90 10/32, change 4/32, Yield 4.06, Yield change -0.01

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