Daily Market Commentary for June 17, 2008 from Millennium-Traders.Com
At the closing bell, Lindsay had shed almost 5 points and its financials are scheduled to be released tomorrow before the opening bell. Lindsay is tied to the agriculture industry and provides large irrigation systems throughout the industry, worldwide. (read more)
At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:
DOW (Dow Jones Industrial Average) triple digit loss of 108.78 points on the day to end the session at 12,160.30
NYSE (New York Stock Exchange) loss of 13.47 points to end the session at 9,074.41
NASDAQ loss of 17.05 points for a close at 2,457.73
S&P 500 loss of 9.21 points for a close at 1,350.93
FTSE All-World ex-U.S. gain of 0.49 points to close at 243.32
FTSE RAFI 1000 loss of 53.20 points for a close at 5,329.65
BEL 20 gain of 15.2 points to close at 3,581.80
CAC 40 gain of 28.59 points to close at 4,686.33
FTSE100 gain of 67.3 points to close at 5,861.9
NIKKEI 225 gain of 6 points to close at 14,348.4
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,283; declined stocks 1,860; unchanged stocks 102; stocks hitting new highs 94; stocks hitting new lows 90. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: CME Group Incorporated (NYSE: CME) gained 22.41 points on the trading day, high on the trading day $450.96, low on the trading day $435.00 for a closing price at $441.82; Mosaic Company (NYSE: MOS) gained 7.64 points on the trading day, high on the trading day $161.25, low on the trading day $153.13 for a closing price at $161.08; CF Industries Holdings Incorporated (NYSE: CF) gained 8.99 points on the trading day, high on the trading day $170.23, low on the trading day $161.98 for a closing price at $169.62; Walter Industries (NYSE: WLT) gained 3.22 points on the trading day, high on the trading day $105.02, low on the trading day $99.66 for a closing price at $102.72; Bunge Limited (NYSE: BG) gained 0.93 points on the trading day, high on the trading day $124.00, low on the trading day $120.42 for a closing price at $122.74; SunTrust Banks Incorporated (NYSE: STI) shed 3.94 points on the trading day, high on the trading day $45.03, low on the trading day $40.56 for a closing price at $40.61; Potash Corporation Saskatchewan (NYSE: POT) gained 9.37 points on the trading day, high on the trading day $240.00, low on the trading day $231.88 for a closing price at $239.50; Goldman Sachs Group Incorporated (NYSE: GS) shed 2.65 points on the trading day, high on the trading day $185.89, low on the trading day $179.14 for a closing price at $179.44; MasterCard Incorporated (NYSE: MA) shed 2.26 points on the trading day, high on the trading day $299.84, low on the trading day $290.33 for a closing price at $292.21; Elan Corporation plc (NYSE: ELN) gained 2.89 points on the trading day, high on the trading day $30.03, low on the trading day $27.55 for a closing price at $30.00; Comstock Resources Incorporated (NYSE: CRK) gained 4.77 points on the trading day, high on the trading day $75.34, low on the trading day $70.86 for a closing price at $74.15; Monsanto Company (NYSE: MON) gained 6.77 points on the trading day, high on the trading day $143.75, low on the trading day $137.12 for a closing price at $142.69; Lindsay Corporation (NYSE: LNN) shed 4.72 points on the trading day, high on the trading day $130.49, low on the trading day $118.66 for a closing price at $124.43.
News on the NASDAQ today: advanced stocks 1,052 declined stocks 1,829; unchanged stocks 150; stocks hitting new highs 49; stocks hitting new lows 122. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Canadian Solar Incorporated (NasdaqGS: CSIQ) gained 4.64 points on the trading day, high on the trading day $49.24, low on the trading day $45.87 for a closing price at $47.10; Infinera Corporation (NasdaqGS: INFN) shed 3.84 points on the trading day, high on the trading day $10.50, low on the trading day $9.52 for a closing price at $9.96; Joseph B Bank Clothiers Incorporated (NasdaqGS: JOSB) shed 0.28 points on the trading day, high on the trading day $30.72, low on the trading day $28.72 for a closing price at $30.09; Zions Bancorporation (NasdaqGS: ZION) shed 3.35 points on the trading day, high on the trading day $36.97, low on the trading day $32.42 for a closing price at $33.80; First Solar, Incorporated (NasdaqGS: FSLR) gained 3.77 points on the trading day, high on the trading day $288.38, low on the trading day $278.16 for a closing price at $281.17; DryShips Incorporated (NasdaqGS: DRYS) gained 6.13 points on the trading day, high on the trading day $83.75, low on the trading day $79.00 for a closing price at $82.08; Baidu.com Incorporated (NasdaqGS: BIDU) shed 3.41 points on the trading day, high on the trading day $344.38, low on the trading day $330.87 for a closing price at $332.50; Google Incorporated (NasdaqGS: GOOG) shed 3.48 points on the trading day, high on the trading day $578.07, low on the trading day $568.38 for a closing price at $569.33.
News on the American Stock Exchange (AMEX) today: advanced stocks 546; declined stocks 607; unchanged stocks 98; stocks hitting new highs 27; stocks hitting new lows 20.
Chicago Board of Trade Futures Market activity for the day, June 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1349.50, change -8.25;
E-mini NASDAQ-100 (NQ) end of day price 1973.25, change -7.25;
E-mini S&P SmallCap 600 (SMP) end of day price 389.70, change -1.40;
$5 DJIA (YM) end of day price 12167, change -92.
U.S. May Industrial Production fell 0.2% compared to consensus of an increase by 0.2%; U.S. May Capacity Utilization fell 0.2-Pt at 79.4% compared to consensus of 79.7%; U.S. April Capacity Use Revised to 79.6% from 79.7%; U.S. April Industrial Production Unrevised at a drop by 0.7%.
U.S. First Quarter Current Account Goods/Services Deficit $174.9 Billion.
U.S. May Producer Prices rose 1.4% compared to consensus of an increase by 1.0%; U.S. May PPI Excluding-Food & Energy rose 0.2% compared to consensus of an increase by 0.2%; U.S. May PPI Intermediate Goods rose 2.9%; U.S. May PPI Intermediate Goods Core rose 2.0%; U.S. May PPI Crude Goods rose 6.7%; U.S. May PPI Crude Goods Core rose 5.0%; U.S. May PPI Energy Prices rose 4.9%; U.S. May Passenger Car Prices fell 1.0%; U.S. Apr PPI Unrevised at an increase by 0.2%.
U.S. Core Intermediate PPI rise biggest since 1980.
U.S. May Housing Starts fell 3.3% to .975M compared to consensus of a drop by 5.5%; Building Permits fell 1.3% to rate of .969M in May; April Housing Starts Revised to an increase by 2.0% from an increase by 8.2%.
Commodities Markets
Energy Sector: Light Crude (NYM) shed $0.60 on the day to close at $134.01 a barrel ($US per bbl.); Heating Oil (NYM) shed $0.01 on the day to close at $3.82 a gallon ($US per gal.); Natural Gas (NYM) gained $0.02 on the day to close at $12.95 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.02 on the day to close at $3.42 a gallon ($US per gal.).
Metals Markets: Gold (CMX) gained $0.60 to close at $886.90 ($US per Troy oz.); Silver (CMX) shed $0.16 to close at $17.08 ($US per Troy oz.); Platinum (NYM) gained $13.60 on the day to close at $2,064.30 ($US per Troy oz.) and Copper (CMX) shed $0.07 01 the day to close at $3.65 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 1.18 to close at 76.15; Pork Bellies (CME) gained 0.08 to close at 73.20; Live Cattle (CME) gained 0.15 to close at 103.60; Feeder Cattle (CME) gained 0.68 to close at 110.33.
Other Commodities (cents per bu.): Corn (CBT) gained 11.00 to close at 776.00 and Soybeans (CBT) gained 30.00 to close at 1,553.00.
Bond action for the day: 2 year bond gained 8/32 to close at 99 15/32 with a Yield of 2.90, Yield Change -0.13; 5 year bond gained 17/32 to close at 99 12/32 with a Yield of 3.63, Yield Change -0.12; 10 year bond gained 18/32 to close at 97 11/32 with a Yield of 4.20, Yield Change -0.07; the 30 year bond gained 7/32 to close at 93 20/32 on the day with a Yield of 4.77, Yield Change -0.02.
The e-mini Dow $5 ended the commodity session today at 12,178 with a loss of 84 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.
Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.
Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.
Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
At the closing bell, Lindsay had shed almost 5 points and its financials are scheduled to be released tomorrow before the opening bell. Lindsay is tied to the agriculture industry and provides large irrigation systems throughout the industry, worldwide. (read more)
At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:
DOW (Dow Jones Industrial Average) triple digit loss of 108.78 points on the day to end the session at 12,160.30
NYSE (New York Stock Exchange) loss of 13.47 points to end the session at 9,074.41
NASDAQ loss of 17.05 points for a close at 2,457.73
S&P 500 loss of 9.21 points for a close at 1,350.93
FTSE All-World ex-U.S. gain of 0.49 points to close at 243.32
FTSE RAFI 1000 loss of 53.20 points for a close at 5,329.65
BEL 20 gain of 15.2 points to close at 3,581.80
CAC 40 gain of 28.59 points to close at 4,686.33
FTSE100 gain of 67.3 points to close at 5,861.9
NIKKEI 225 gain of 6 points to close at 14,348.4
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,283; declined stocks 1,860; unchanged stocks 102; stocks hitting new highs 94; stocks hitting new lows 90. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: CME Group Incorporated (NYSE: CME) gained 22.41 points on the trading day, high on the trading day $450.96, low on the trading day $435.00 for a closing price at $441.82; Mosaic Company (NYSE: MOS) gained 7.64 points on the trading day, high on the trading day $161.25, low on the trading day $153.13 for a closing price at $161.08; CF Industries Holdings Incorporated (NYSE: CF) gained 8.99 points on the trading day, high on the trading day $170.23, low on the trading day $161.98 for a closing price at $169.62; Walter Industries (NYSE: WLT) gained 3.22 points on the trading day, high on the trading day $105.02, low on the trading day $99.66 for a closing price at $102.72; Bunge Limited (NYSE: BG) gained 0.93 points on the trading day, high on the trading day $124.00, low on the trading day $120.42 for a closing price at $122.74; SunTrust Banks Incorporated (NYSE: STI) shed 3.94 points on the trading day, high on the trading day $45.03, low on the trading day $40.56 for a closing price at $40.61; Potash Corporation Saskatchewan (NYSE: POT) gained 9.37 points on the trading day, high on the trading day $240.00, low on the trading day $231.88 for a closing price at $239.50; Goldman Sachs Group Incorporated (NYSE: GS) shed 2.65 points on the trading day, high on the trading day $185.89, low on the trading day $179.14 for a closing price at $179.44; MasterCard Incorporated (NYSE: MA) shed 2.26 points on the trading day, high on the trading day $299.84, low on the trading day $290.33 for a closing price at $292.21; Elan Corporation plc (NYSE: ELN) gained 2.89 points on the trading day, high on the trading day $30.03, low on the trading day $27.55 for a closing price at $30.00; Comstock Resources Incorporated (NYSE: CRK) gained 4.77 points on the trading day, high on the trading day $75.34, low on the trading day $70.86 for a closing price at $74.15; Monsanto Company (NYSE: MON) gained 6.77 points on the trading day, high on the trading day $143.75, low on the trading day $137.12 for a closing price at $142.69; Lindsay Corporation (NYSE: LNN) shed 4.72 points on the trading day, high on the trading day $130.49, low on the trading day $118.66 for a closing price at $124.43.
News on the NASDAQ today: advanced stocks 1,052 declined stocks 1,829; unchanged stocks 150; stocks hitting new highs 49; stocks hitting new lows 122. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Canadian Solar Incorporated (NasdaqGS: CSIQ) gained 4.64 points on the trading day, high on the trading day $49.24, low on the trading day $45.87 for a closing price at $47.10; Infinera Corporation (NasdaqGS: INFN) shed 3.84 points on the trading day, high on the trading day $10.50, low on the trading day $9.52 for a closing price at $9.96; Joseph B Bank Clothiers Incorporated (NasdaqGS: JOSB) shed 0.28 points on the trading day, high on the trading day $30.72, low on the trading day $28.72 for a closing price at $30.09; Zions Bancorporation (NasdaqGS: ZION) shed 3.35 points on the trading day, high on the trading day $36.97, low on the trading day $32.42 for a closing price at $33.80; First Solar, Incorporated (NasdaqGS: FSLR) gained 3.77 points on the trading day, high on the trading day $288.38, low on the trading day $278.16 for a closing price at $281.17; DryShips Incorporated (NasdaqGS: DRYS) gained 6.13 points on the trading day, high on the trading day $83.75, low on the trading day $79.00 for a closing price at $82.08; Baidu.com Incorporated (NasdaqGS: BIDU) shed 3.41 points on the trading day, high on the trading day $344.38, low on the trading day $330.87 for a closing price at $332.50; Google Incorporated (NasdaqGS: GOOG) shed 3.48 points on the trading day, high on the trading day $578.07, low on the trading day $568.38 for a closing price at $569.33.
News on the American Stock Exchange (AMEX) today: advanced stocks 546; declined stocks 607; unchanged stocks 98; stocks hitting new highs 27; stocks hitting new lows 20.
Chicago Board of Trade Futures Market activity for the day, June 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1349.50, change -8.25;
E-mini NASDAQ-100 (NQ) end of day price 1973.25, change -7.25;
E-mini S&P SmallCap 600 (SMP) end of day price 389.70, change -1.40;
$5 DJIA (YM) end of day price 12167, change -92.
U.S. May Industrial Production fell 0.2% compared to consensus of an increase by 0.2%; U.S. May Capacity Utilization fell 0.2-Pt at 79.4% compared to consensus of 79.7%; U.S. April Capacity Use Revised to 79.6% from 79.7%; U.S. April Industrial Production Unrevised at a drop by 0.7%.
U.S. First Quarter Current Account Goods/Services Deficit $174.9 Billion.
U.S. May Producer Prices rose 1.4% compared to consensus of an increase by 1.0%; U.S. May PPI Excluding-Food & Energy rose 0.2% compared to consensus of an increase by 0.2%; U.S. May PPI Intermediate Goods rose 2.9%; U.S. May PPI Intermediate Goods Core rose 2.0%; U.S. May PPI Crude Goods rose 6.7%; U.S. May PPI Crude Goods Core rose 5.0%; U.S. May PPI Energy Prices rose 4.9%; U.S. May Passenger Car Prices fell 1.0%; U.S. Apr PPI Unrevised at an increase by 0.2%.
U.S. Core Intermediate PPI rise biggest since 1980.
U.S. May Housing Starts fell 3.3% to .975M compared to consensus of a drop by 5.5%; Building Permits fell 1.3% to rate of .969M in May; April Housing Starts Revised to an increase by 2.0% from an increase by 8.2%.
Commodities Markets
Energy Sector: Light Crude (NYM) shed $0.60 on the day to close at $134.01 a barrel ($US per bbl.); Heating Oil (NYM) shed $0.01 on the day to close at $3.82 a gallon ($US per gal.); Natural Gas (NYM) gained $0.02 on the day to close at $12.95 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.02 on the day to close at $3.42 a gallon ($US per gal.).
Metals Markets: Gold (CMX) gained $0.60 to close at $886.90 ($US per Troy oz.); Silver (CMX) shed $0.16 to close at $17.08 ($US per Troy oz.); Platinum (NYM) gained $13.60 on the day to close at $2,064.30 ($US per Troy oz.) and Copper (CMX) shed $0.07 01 the day to close at $3.65 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 1.18 to close at 76.15; Pork Bellies (CME) gained 0.08 to close at 73.20; Live Cattle (CME) gained 0.15 to close at 103.60; Feeder Cattle (CME) gained 0.68 to close at 110.33.
Other Commodities (cents per bu.): Corn (CBT) gained 11.00 to close at 776.00 and Soybeans (CBT) gained 30.00 to close at 1,553.00.
Bond action for the day: 2 year bond gained 8/32 to close at 99 15/32 with a Yield of 2.90, Yield Change -0.13; 5 year bond gained 17/32 to close at 99 12/32 with a Yield of 3.63, Yield Change -0.12; 10 year bond gained 18/32 to close at 97 11/32 with a Yield of 4.20, Yield Change -0.07; the 30 year bond gained 7/32 to close at 93 20/32 on the day with a Yield of 4.77, Yield Change -0.02.
The e-mini Dow $5 ended the commodity session today at 12,178 with a loss of 84 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.
Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.
Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.
Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
