Daily Market Commentary for July 22, 2008 from Millennium-Traders.Com
The dollar rose on the session as Treasury Secretary Henry Paulson predicted that lawmakers will pass a bill this week to shore up confidence in Fannie Mae (NYSE: FNM) and Freddie Mac (FRE). In addition, President of the Federal Reserve Bank of Philadelphia, Charles Plosser said the Fed should raise interest rates "sooner rather than later" to lower inflation. (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 world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) triple digit gain of 135.16 points on the day to end the trading session at 11,602.50
NYSE (New York Stock Exchange) gain of 66.91 points to end the trading session at 8,566.65
NASDAQ gain of 24.43 points to end the trading session at 2,303.96
S&P 500 gain of 16.99 points to end the trading session at 1,276.99
FTSE All-World ex-U.S. gain of 0.35 points to end the trading session at 226.74
FTSE RAFI 1000 gain of 798.31 points to end the trading session at 5,028.37
BEL 20 (BEL20) loss of 57.37 points to end the trading session at 3,058.95
CAC 40 (CAC40) gain of 0.12 points to end the trading session at 4,327.26
FTSE100 (UKX100) loss of 40.2 points to end the trading session at 5,364.1
NIKKEI 225 (NIK/O) triple digit gain of 381.26 points to end the trading session at 13,184.96
Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 2,200; declined stocks 980; unchanged stocks 89; stocks hitting new highs 30; stocks hitting new lows 55. List of volatile stocks 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: American Express Company (NYSE: AXP) shed 2.92 points on the trading session, high on the trading session $38.55, low on the trading session $36.00 for a closing stock price at $37.99; Agrium Incorporated (NYSE: AGU) shed 2.98 points on the trading session, high on the trading session $100.00, low on the trading session $95.01 for a closing stock price at $96.64; Assured Guaranty Limited (NYSE: AGO) shed 7.43 points on the trading session, high on the trading session $11.32, low on the trading session $7.95 for a closing stock price at $11.32; Regions Financial Corporation (NYSE: RF) gained 1.00 points on the trading session, high on the trading session $11.55, low on the trading session $7.83 for a closing stock price at $11.40; XTO Energy Incorporated (NYSE: XTO) shed 4.87 points on the trading session, high on the trading session $57.09, low on the trading session $51.25 for a closing stock price at $53.11; Walter Industries Incorporated (NYSE: WLT) shed 6.29 points on the trading session, high on the trading session $96.56, low on the trading session $88.16 for a closing stock price at $90.94; Freeport-McMoRan Copper & Gold (FCX) shed 6.48 points on the trading session, high on the trading session $104.99, low on the trading session $98.29 for a closing stock price at $100.53; WellCare Health Plans Incorporated (NYSE: WCG) gained 7.02 points on the trading session, high on the trading session $38.97, low on the trading session $32.66 for a closing stock price at $36.25; CME Group Incorporated (NYSE: CME) gained 40.74 points on the trading session, high on the trading session $367.45, low on the trading session $326.67 for a closing stock price at $366.27; Devon Energy Corporation (NYSE: DVN) shed 4.46 points on the trading session, high on the trading session $102.40, low on the trading session $96.81 for a closing stock price at $98.60; Comstock Resources Incorporated (NYSE: CRK) shed 7.73 points on the trading session, high on the trading session $70.93, low on the trading session $64.01 for a closing stock price at $64.83; Ultrashort Financial (NYSE: SKF) shed 14.60 points on the trading session, high on the trading session $148.45, low on the trading session $120.99 for a closing stock price at $122.75; MasterCard Incorported (NYSE: MA) gained 5.95 points on the trading session, high on the trading session $274.87 low on the trading session $254.53 for a closing stock price at $273.85; Fannie Mae (NYSE: FNM) shed 0.72 points on the trading session, high on the trading session $13.78 low on the trading session $11.62 for a closing stock price at $13.41; Freddie Mac (NYSE: FRE) gained 0.95 points on the trading session, high on the trading session $9.95 low on the trading session $7.00 for a closing stock price at $9.70; Potash Corporation Saskatchewan (NYSE: POT) shed 6.70 points on the trading session, high on the trading session $223.15, low on the trading session $212.03 for a closing stock price at $216.05.
Market trends on the NASDAQ today: advanced stocks 1,935; declined stocks 976; unchanged stocks 113; stocks hitting new highs 46; stocks hitting new lows 71. List of volatile stocks 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: Apple Incorporated (NasdaqGS: AAPL) shed 4.27 points on the trading session, high on the trading session $162.76, low on the trading session $146.53 for a closing stock price at $162.18; Millicom International Cellular (NasdaqGS: MICC) shed 22.02 points on the trading session, high on the trading session $84.00, low on the trading session $74.32 for a closing stock price at $75.48; First Solar Incorporated (NasdaqGS: FSLR) shed 14.73 points on the trading session, high on the trading session $277.87, low on the trading session $259.06 for a closing stock price at $266.45; UAL Corporation (NasdaqGS: UAUA) gained 3.42 points on the trading session, high on the trading session $8.41, low on the trading session $5.00 for a closing stock price at $8.41; Google Incorporated (NasdaqGS: GOOG) gained 4.66 points on the trading session, high on the trading session $480.25, low on the trading session $465.60 for a closing stock price at $473.46.
Market trends on the American Stock Exchange (AMEX) today: advanced stocks 608; declined stocks 591; unchanged stocks 82; stocks hitting new highs 9; stocks hitting new lows 40.
Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1,273.50, change 12.00
E-mini NASDAQ-100 (NQ) end of day price 1,826.00, change -1.50
E-mini S&P SmallCap 600 (SMP) end of day price 366.50, change 0.00
$5 DJIA (YM) end of day price 11,555, change 90
World Currencies at time of this posting:
Euro 0.632 to U.S. Dollars 1.5823
Japanese Yen 106.96 to U.S. Dollars 0.0093
British Pound 0.5011 to U.S. Dollars 1.9958
Canadian Dollar 1.0069 to U.S. Dollars 0.9931
Swiss Franc 1.0257 to U.S. Dollars 0.9749
Commodities Markets:
Energy Sector: Light Crude (NYM) shed $3.09 on the day for a closing price of the range of $127.95 a gallon ($US per bbl.); Heating Oil (NYM) shed $0.08 on the day for a closing price of $3.70 a gallon ($US per gal.); Natural Gas (NYM) shed $0.44 on the day for a closing price of $10.14 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.07 on the day for a closing price of $3.15 a gallon ($US per gal.).
Metals Markets:
Gold Market Price (CMX) shed $15.20 on the day for a closing price of $948.50 ($US per Troy oz.); Silver (CMX) shed $0.42 on the day for a closing price of $18.01 ($US per Troy oz.); Platinum (NYM) shed $42.80 on the day for a closing price of $1,808.20 ($US per Troy oz.) and Copper (CMX) gained $0.01 on the day for a closing price of $3.69 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.50 on the day for a closing price of 73.85; Pork Bellies (CME) gained 1.63 on the day for a closing price of 65.33; Live Cattle (CME) shed 1.10 on the day for a closing price of 104.60; Feeder Cattle (CME) shed 1.45 on the day for a closing price of 113.63.
Other Commodities (cents per bu.): Corn (CBT) shed 17.75 on the day for a closing price of 590.50 and Soybeans (CBT) gained 6.00 on the day for a closing price of 1,409.00.
Bond action for the day:
2 year bond shed 6/32 on the day for a closing price of 100 10/32 with a Yield of 2.71, Yield Change +0.12
5 year bond shed 12/32 on the day for a closing price of 99 21/32 with a Yield of 3.47, Yield Change +0.11
10 year bond shed 15/32 on the day for a closing price of 98 7/32 with a Yield of 4.10, Yield Change +0.07
30 year bond shed 18/32 on the day for a closing price of 95 16/32 with a Yield of 4.66, Yield Change +0.04
Access scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.
Visitors may subscribe to our free Weekly MarketNews 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 services. Traders should review our FREE Monthly Trading Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
The dollar rose on the session as Treasury Secretary Henry Paulson predicted that lawmakers will pass a bill this week to shore up confidence in Fannie Mae (NYSE: FNM) and Freddie Mac (FRE). In addition, President of the Federal Reserve Bank of Philadelphia, Charles Plosser said the Fed should raise interest rates "sooner rather than later" to lower inflation. (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 world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) triple digit gain of 135.16 points on the day to end the trading session at 11,602.50
NYSE (New York Stock Exchange) gain of 66.91 points to end the trading session at 8,566.65
NASDAQ gain of 24.43 points to end the trading session at 2,303.96
S&P 500 gain of 16.99 points to end the trading session at 1,276.99
FTSE All-World ex-U.S. gain of 0.35 points to end the trading session at 226.74
FTSE RAFI 1000 gain of 798.31 points to end the trading session at 5,028.37
BEL 20 (BEL20) loss of 57.37 points to end the trading session at 3,058.95
CAC 40 (CAC40) gain of 0.12 points to end the trading session at 4,327.26
FTSE100 (UKX100) loss of 40.2 points to end the trading session at 5,364.1
NIKKEI 225 (NIK/O) triple digit gain of 381.26 points to end the trading session at 13,184.96
Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 2,200; declined stocks 980; unchanged stocks 89; stocks hitting new highs 30; stocks hitting new lows 55. List of volatile stocks 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: American Express Company (NYSE: AXP) shed 2.92 points on the trading session, high on the trading session $38.55, low on the trading session $36.00 for a closing stock price at $37.99; Agrium Incorporated (NYSE: AGU) shed 2.98 points on the trading session, high on the trading session $100.00, low on the trading session $95.01 for a closing stock price at $96.64; Assured Guaranty Limited (NYSE: AGO) shed 7.43 points on the trading session, high on the trading session $11.32, low on the trading session $7.95 for a closing stock price at $11.32; Regions Financial Corporation (NYSE: RF) gained 1.00 points on the trading session, high on the trading session $11.55, low on the trading session $7.83 for a closing stock price at $11.40; XTO Energy Incorporated (NYSE: XTO) shed 4.87 points on the trading session, high on the trading session $57.09, low on the trading session $51.25 for a closing stock price at $53.11; Walter Industries Incorporated (NYSE: WLT) shed 6.29 points on the trading session, high on the trading session $96.56, low on the trading session $88.16 for a closing stock price at $90.94; Freeport-McMoRan Copper & Gold (FCX) shed 6.48 points on the trading session, high on the trading session $104.99, low on the trading session $98.29 for a closing stock price at $100.53; WellCare Health Plans Incorporated (NYSE: WCG) gained 7.02 points on the trading session, high on the trading session $38.97, low on the trading session $32.66 for a closing stock price at $36.25; CME Group Incorporated (NYSE: CME) gained 40.74 points on the trading session, high on the trading session $367.45, low on the trading session $326.67 for a closing stock price at $366.27; Devon Energy Corporation (NYSE: DVN) shed 4.46 points on the trading session, high on the trading session $102.40, low on the trading session $96.81 for a closing stock price at $98.60; Comstock Resources Incorporated (NYSE: CRK) shed 7.73 points on the trading session, high on the trading session $70.93, low on the trading session $64.01 for a closing stock price at $64.83; Ultrashort Financial (NYSE: SKF) shed 14.60 points on the trading session, high on the trading session $148.45, low on the trading session $120.99 for a closing stock price at $122.75; MasterCard Incorported (NYSE: MA) gained 5.95 points on the trading session, high on the trading session $274.87 low on the trading session $254.53 for a closing stock price at $273.85; Fannie Mae (NYSE: FNM) shed 0.72 points on the trading session, high on the trading session $13.78 low on the trading session $11.62 for a closing stock price at $13.41; Freddie Mac (NYSE: FRE) gained 0.95 points on the trading session, high on the trading session $9.95 low on the trading session $7.00 for a closing stock price at $9.70; Potash Corporation Saskatchewan (NYSE: POT) shed 6.70 points on the trading session, high on the trading session $223.15, low on the trading session $212.03 for a closing stock price at $216.05.
Market trends on the NASDAQ today: advanced stocks 1,935; declined stocks 976; unchanged stocks 113; stocks hitting new highs 46; stocks hitting new lows 71. List of volatile stocks 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: Apple Incorporated (NasdaqGS: AAPL) shed 4.27 points on the trading session, high on the trading session $162.76, low on the trading session $146.53 for a closing stock price at $162.18; Millicom International Cellular (NasdaqGS: MICC) shed 22.02 points on the trading session, high on the trading session $84.00, low on the trading session $74.32 for a closing stock price at $75.48; First Solar Incorporated (NasdaqGS: FSLR) shed 14.73 points on the trading session, high on the trading session $277.87, low on the trading session $259.06 for a closing stock price at $266.45; UAL Corporation (NasdaqGS: UAUA) gained 3.42 points on the trading session, high on the trading session $8.41, low on the trading session $5.00 for a closing stock price at $8.41; Google Incorporated (NasdaqGS: GOOG) gained 4.66 points on the trading session, high on the trading session $480.25, low on the trading session $465.60 for a closing stock price at $473.46.
Market trends on the American Stock Exchange (AMEX) today: advanced stocks 608; declined stocks 591; unchanged stocks 82; stocks hitting new highs 9; stocks hitting new lows 40.
Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1,273.50, change 12.00
E-mini NASDAQ-100 (NQ) end of day price 1,826.00, change -1.50
E-mini S&P SmallCap 600 (SMP) end of day price 366.50, change 0.00
$5 DJIA (YM) end of day price 11,555, change 90
World Currencies at time of this posting:
Euro 0.632 to U.S. Dollars 1.5823
Japanese Yen 106.96 to U.S. Dollars 0.0093
British Pound 0.5011 to U.S. Dollars 1.9958
Canadian Dollar 1.0069 to U.S. Dollars 0.9931
Swiss Franc 1.0257 to U.S. Dollars 0.9749
Commodities Markets:
Energy Sector: Light Crude (NYM) shed $3.09 on the day for a closing price of the range of $127.95 a gallon ($US per bbl.); Heating Oil (NYM) shed $0.08 on the day for a closing price of $3.70 a gallon ($US per gal.); Natural Gas (NYM) shed $0.44 on the day for a closing price of $10.14 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.07 on the day for a closing price of $3.15 a gallon ($US per gal.).
Metals Markets:
Gold Market Price (CMX) shed $15.20 on the day for a closing price of $948.50 ($US per Troy oz.); Silver (CMX) shed $0.42 on the day for a closing price of $18.01 ($US per Troy oz.); Platinum (NYM) shed $42.80 on the day for a closing price of $1,808.20 ($US per Troy oz.) and Copper (CMX) gained $0.01 on the day for a closing price of $3.69 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.50 on the day for a closing price of 73.85; Pork Bellies (CME) gained 1.63 on the day for a closing price of 65.33; Live Cattle (CME) shed 1.10 on the day for a closing price of 104.60; Feeder Cattle (CME) shed 1.45 on the day for a closing price of 113.63.
Other Commodities (cents per bu.): Corn (CBT) shed 17.75 on the day for a closing price of 590.50 and Soybeans (CBT) gained 6.00 on the day for a closing price of 1,409.00.
Bond action for the day:
2 year bond shed 6/32 on the day for a closing price of 100 10/32 with a Yield of 2.71, Yield Change +0.12
5 year bond shed 12/32 on the day for a closing price of 99 21/32 with a Yield of 3.47, Yield Change +0.11
10 year bond shed 15/32 on the day for a closing price of 98 7/32 with a Yield of 4.10, Yield Change +0.07
30 year bond shed 18/32 on the day for a closing price of 95 16/32 with a Yield of 4.66, Yield Change +0.04
Access scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.
Visitors may subscribe to our free Weekly MarketNews 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 services. Traders should review our FREE Monthly Trading Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
