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USA stock market daily report by Millenium Traders (June 5, 2009, Friday, 10.30 p.m. GMT)

Unemployment data and jobs numbers from the Labor Department were hot on the front of the mind of traders on Wall Street today. Data released shows highest unemployment rate since August 1983. The major U.S. indices were higher through most of the day before they showed signs of reversal during the afternoon trading session. Number of jobs lost during the month of May was lower than was expected, giving the markets the slight boost needed. Health care appeared to be the winner for last month, adding over 30,000 jobs.

Trading activity dried up substantially during the afternoon trading session providing little action for day traders. After Consumer Credit data was released traders were able to pick up on some trading action, moving into the final hour of trading, but not a whole lot. Reports of rising U.S. businesses bankruptcies is seen causing more pain for financial institutions. Into the upcoming year, bankruptcies are expected to rise sharply for U.S. businesses. Predictions are for an increase in U.S. business bankruptcies by nearly 45% as companies struggle due to cash strapped consumers. Overall, Q1 loan losses were nearly twice as high as the previous year, per the FDIC. "The year-over-year rise in charge-offs was led by loans to commercial and industrial borrowers, where charge-offs increased by $4.2 billion."

Comments from Janet L. Yellen President Federal Reserve Bank of San Francisco: Markets do not always function correctly; credit market bubbles appear particularly dangerous; benefits of low and stable inflation remain clear; Fed may need to reevaluate inflation objectives; great moderation may have run course; future economy may see more shocks, volatility; future low long term rates may limit monetary policy.

Economic data released today: 

Nonfarm Payrolls:
U.S. May Nonfarm Payrolls down by 345K compared to consensus of a drop by 525K; U.S. May Manufacturing Payrolls fell 156K; U.S. May Service-Producing Payrolls fell 120K; U.S. Apr Payrolls revised to a drop by 504K from a drop by 539K; U.S. May Payroll Decline smallest since September 2008.

Unemployment Rate:
U.S. May Unemployment Rate 9.4% compared to consensus of 9.2%; U.S. April Unemployment left Unrevised at 8.9%; U.S. May Unemployment Rate highest since August 1983.

Average Hourly Earnings:
U.S. May Average Hourly Earnings rose by $0.02 to $18.54.

Average Weekly Hours:
U.S. May Overall Workweek fell by 0.1 Hour to 33.1 Hours.

Consumer Credit:
U.S. April Consumer Credit decreased $15.7B; March Consumer Credit revised to down $16.6B from down $11.1B; April drop in Consumer Credit marks fifth decline in six months.

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 13.05 points, EOD 8,763.29
NYSE (New York Stock Exchange) shed 28.13 points, EOD 6,082.63
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 0.60 points, EOD 1,849.42
S&P 500 (SPX) shed 2.37 points, EOD 940.09
BEL 20 (BEL20) gain 6.3 points, EOD 2,069.32
CAC 40 (CAC40) gain 36.53 points, EOD 3,348.56
FTSE100 (UKX100) gain 49.58 points, EOD 4,436.52
NIKKEI 225 (NIK/O) gain 99.05 points, EOD 9,768.01

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,503, declined stock prices 1,562, unchanged stock prices 101, stock prices hitting new highs 27 and stock prices hitting new lows 6. 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: BHP gain 3.25 points, HOD $61.42, LOD $59.90, EOD $60.29; RTP gain 11.08 points, HOD $199.31, LOD $191.41, EOD $193.76; ESI gain 0.98 points, HOD $93.65, LOD $89.49, EOD $93.02; RTI gain 3.13 points, HOD $22.88, LOD $19.63, EOD $22.49; HBC shed 1.54 points, HOD $42.98, LOD $41.83, EOD $42.18; DD shed 1.68 points, HOD $28.50, LOD $26.40 EOD $27.03; MEE shed 0.08 points, HOD $24.83, LOD $23.25, EOD $23.83; SYT gain 0.64 points, HOD $50.91, LOD $49.87, EOD $50.24; COO shed 0.14 points, HOD $31.40, LOD $28.50, EOD $28.95; GES gain 1.56 points, HOD $29.40, LOD $27.44, EOD $28.60; PRU shed 1.11 points, HOD $43.69, LOD $40.44, EOD $40.95; CME shed 0.41 points, HOD $344.41, LOD $330.33, EOD $336.30; ICE shed 4.88 points, HOD $121.93, LOD $113.76, EOD $114.86.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,254, declined stock prices 1,474, unchanged stock prices 157, stock prices hitting new highs 52 and stock prices hitting new lows 7. 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: JOYG gain 2.15 points, HOD $40.92, LOD $38.97, EOD $40.51; BIDU gain 12.81 points, HOD $307.65, LOD $295.28, EOD $306.21; UAUA shed 0.11 points, HOD $5.12, LOD $4.90, EOD $5.01; FSLR shed 1.88 points, HOD $187.28, LOD $179.50, EOD $182.37; PMTI gain 5.79 points, HOD $18.94, LOD $11.74, EOD $16.75.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 282, declined stock prices 260, unchanged stock prices 54, stock prices hitting new highs 9 and stock prices hitting new lows n/a.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 939.75; Change -0.75
E-mini NASDAQ-100 (NQ) June 09: EOD 1,492.75; Change -0.25
E-mini DOW $5 (YM) June 09: EOD 8,761; Change 31
E-mini S&P MidCap 400 (MF) June 09: EOD 595.70; Change -1.10
Nikkei 225 (Yen) June 09; EOD 9,850; Change 100

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7158 to U.S. Dollars 1.3970
Japanese Yen 98.83 to U.S. Dollars 0.0102
British Pound 0.6259 to U.S. Dollars 1.5976
Canadian Dollar 1.1184 to U.S. Dollars 0.8941
Swiss Franc 1.0855 to U.S. Dollars 0.9212

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (July 09) shed $0.37, EOD $68.44 per barrel ($US per barrel)
Heating Oil (July 09) shed $0.01, EOD $1.79 a gallon ($US per gallon)
Natural Gas (July 09) gain $0.06, EOD $3.87 per million BTU ($US per mmbtu.)
Unleaded Gas (June 09) shed $0.01, EOD $1.81 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) shed $19.70 EOD $962.60 ($US per Troy ounce)
Silver (July 09) shed $0.51, EOD $15.39 ($US per Troy ounce)
Platinum (July 09) shed $7.10, EOD $1,286.20 ($US per Troy ounce)
Copper (July 09) shed $0.02, EOD $2.28 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (July 09) shed 0.50, EOD 60.08
Pork Bellies (July 09) shed 25, EOD 62.70
Live Cattle (August 09) gain 0.15, EOD 81.15
Feeder Cattle (August 09) gain 0.03, EOD 96.63

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) shed 4.50, EOD 444
Soybeans (July 09) shed 4.50, EOD 1,225.50

BOND MARKET:

2 year EOD 99 5/32, change -21/32, Yield 1.30, Yield change 0.34
5 year EOD 97 10/32, change -1 4/32, Yield 2.83, Yield change 0.31
10 year EOD 94 5/32, change -1, Yield 3.83, Yield change 0.12
30 year EOD 93 25/32, change -26/32, Yield  4.63, change 0.05