Daily Market Commentary for June 5, 2008 from Millennium-Traders.Com
The major indices found a safe haven in the green zone throughout the trading day today, ending the trading session near their highs for the trading session. Trading ranges were slightly improved but it appeared that day traders and investors were leery of the positive market tone. (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 gain of 213.97 points on the day to end the session at 12,604.45
NYSE (New York Stock Exchange) triple digit gain of 195.73 points to end the session at 9,408.49
NASDAQ gain of 46.80 points for a close at 2,549.94
S&P 500 gain of 26.85 points for a close at 1,404.05
FTSE All-World ex-U.S. gain of 2.66 points to close at 251.91
FTSE RAFI 1000 gain of 93.52 points for a close at 5,590.07
BEL 20 gain of 42.03 points to close at 3,755.04
CAC 40 loss of 8.01 points to close at 4,907.06
FTSE100 gain of 25.2 points to close at 5,995.3
NIKKEI 225 loss of 94.5 points to close at 14,341.1
News on the New York Stock Exchange (NYSE) today: advanced stocks 2,469; declined stocks 688; unchanged stocks 93; stocks hitting new highs 105; stocks hitting new lows 39. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: Parker-Hannifin Corporation (NYSE: PH) shed 2.16 points on the trading day, high on the trading day $80.42, low on the trading day $78.39 for a closing price at $79.78; Nucor Corporation (NYSE: NUE) gained 6.40 points on the trading day, high on the trading day $81.24, low on the trading day $76.32 for a closing price at $80.54; CF Industries Holdings Incorporated (NYSE: CF) gained 9.84 points on the trading day, high on the trading day $152.68, low on the trading day $143.10 for a closing price at $152.14; Webster Financial Corporation (NYSE: WBS) shed 3.44 points on the trading day, high on the trading day $25.26, low on the trading day $21.76 for a closing price at $22.18; Greif Incorporated (NYSE: GEF) gained 0.94 points on the trading day, high on the trading day $73.00, low on the trading day $68.17 for a closing price at $69.86; ArcelorMittal (NYSE: MT) gained 6.90 points on the trading day, high on the trading day $104.46 low on the trading day $100.47 for a closing price at $104.25; Tenaris S.A. (NYSE: TS) gained 5.64 points on the trading day, high on the trading day $65.01, low on the trading day $60.90 for a closing price at $64.89; Syniverse Holdings Incorporated (NYSE: SVR) shed 1.97 points on the trading day, high on the trading day $20.96, low on the trading day $17.88 for a closing price at $19.13; Carpenter Technology Corporation (NYSE: CRS) shed 2.91 points on the trading day, high on the trading day $50.51, low on the trading day $47.62 for a closing price at $48.31; Agnico-Eagle Mines Limited (NYSE: AEM) gained 0.04 points on the trading day, high on the trading day $66.90, low on the trading day $64.32 for a closing price at $66.72; Fording Canadian Coal Trust (NYSE: FDG) shed 0.21 points on the trading day, high on the trading day $81.48, low on the trading day $76.72 for a closing price at $79.23; Comstock Resources Incorporated (NYSE: CRK) gained 5.82 points on the trading day, high on the trading day $63.23, low on the trading day $58.33 for a closing price at $63.23; Lehman Brothers Holdings Incorporated (NYSE: LEH) gained 2.45 points on the trading day, high on the trading day $34.42, low on the trading day $31.71, for a closing price at $33.85; CME Group, Incorporated (NYSE: CME) gained 24.54 points on the trading day, high on the trading day $404.37, low on the trading day $381.01, for a closing price at $402.54; Potash Corporation of Saskatchewan (NYSE: POT) gained 10.47 points on the trading day, high on the trading day $219.25, low on the trading day $207.66 for a closing price at $218.85; MasterCard Incorporated (NYSE: MA) gained 8.76 points on the trading day, high on the trading day $306.16, low on the trading day $295.44, for a closing price at $306.16; Monsanto Company (NYSE: MON) gained 6.91 points on the trading day, high on the trading day $139.06, low on the trading day $133.03 for a closing price at $138.51; IntercontinentalExchange Incorporated (NYSE: ICE) gained 7.56 points on the trading day, high on the trading day $136.63, low on the trading day $129.40, for a closing price at $136.63; Mosaic Company (NYSE: MOS) gained 5.68 points on the trading day, high on the trading day $134.42, low on the trading day $129.19 for a closing price at $134.42; United States Steel Corporation (NYSE: X) gained 9.93 points on the trading day, high on the trading day $184.59, low on the trading day $175.25, for a closing price at $183.15.
News on the NASDAQ today: advanced stocks 2,111 declined stocks 764; unchanged stocks 127; stocks hitting new highs 77; stocks hitting new lows 66. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Baidu.com Incorporated (NasdaqGS: BIDU) gained 16.78 points on the trading day, high on the trading day $361.99, low on the trading day $345.64 for a closing price at $361.30; UTi Worldwide Incorporated (NasdaqGS: UTIW) shed 0.29 points on the trading day, high on the trading day $24.35, low on the trading day $20.94 for a closing price at $23.03; ADC Telecommunications (NasdaqGS: ADCT) gained 1.43 points on the trading day, high on the trading day $17.12, low on the trading day $16.32 for a closing price at $17.07; CRA International (NasdaqGS: CRAI) gained 4.56 points on the trading day, high on the trading day $41.96, low on the trading day $35.30 for a closing price at $39.31; First Solar, Incorporated (NasdaqGS: FSLR) gained 13.14 points on the trading day, high on the trading day $257.53, low on the trading day $241.64 for a closing price at $256.02; Research In Motion Limited (NasdaqGS: RIMM) gained 0.96 points on the trading day, high on the trading day $137.68, low on the trading day $134.80, for a closing price at $135.25.
News on the American Stock Exchange (AMEX) today: advanced stocks 821; declined stocks 375; unchanged stocks 73; stocks hitting new highs 28; stocks hitting new lows 17.
U.S. Jobless Claims fell 18K to 357K for week of May 31 compared to survey of an increase by 3K; U.S. Continuing Claims for week of May 24 fell 16K to 3,093,000; U.S. Jobless Claims for week of May 24 revised to 375K from 372K.
Commodities Markets
Energy Sector: Light Crude (NYM) gained $5.49 on the day to close at $127.79 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.14 on the day to close at $3.68 a gallon ($US per gal.); Natural Gas (NYM) gained $0.14 on the day to close at $12.52 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.14 on the day to close at $3.33 a gallon ($US per gal.).
Metals Markets: Gold (CMX) shed $8.30 to close at $875.50 ($US per Troy oz.); Silver (CMX) gained $0.23 to close at $17.17 ($US per Troy oz.); Platinum (NYM) gained $17.60 on the day to close at $2,012.50 ($US per Troy oz.) and Copper (CMX) shed $0.01 on the day to close at $3.54 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.20 to close at 75.50; Pork Bellies (CME) shed 2.00 to close at 71.50; Live Cattle (CME) gained 0.50 to close at 101.00; Feeder Cattle (CME) shed 0.90 to close at 112.83.
Other Commodities (cents per bu.): Corn (CBT) gained 27.75 to close the session at 670.75 and Soybeans (CBT) gained 63.00 to close session at 1,452.00.
Bond action for the day: 2 year bond shed 3/32 on the day to close at 100 7/32 with a Yield of 2.50, Yield Change +0.05; 5 year bond shed 10/32 to close at 100 24/32 with a Yield of 3.33, Yield Change +0.07; 10 year bond shed 16/32 to close at 98 20/32 with a Yield of 4.04, Yield Change +0.06; the 30 year bond shed 19/32 to close at 94 5/32 on the day with a Yield of 4.74, Yield Change +0.04.
The e-mini Dow $5 ended the commodity session today at 12,608 with a gain of 204 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
The major indices found a safe haven in the green zone throughout the trading day today, ending the trading session near their highs for the trading session. Trading ranges were slightly improved but it appeared that day traders and investors were leery of the positive market tone. (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 gain of 213.97 points on the day to end the session at 12,604.45
NYSE (New York Stock Exchange) triple digit gain of 195.73 points to end the session at 9,408.49
NASDAQ gain of 46.80 points for a close at 2,549.94
S&P 500 gain of 26.85 points for a close at 1,404.05
FTSE All-World ex-U.S. gain of 2.66 points to close at 251.91
FTSE RAFI 1000 gain of 93.52 points for a close at 5,590.07
BEL 20 gain of 42.03 points to close at 3,755.04
CAC 40 loss of 8.01 points to close at 4,907.06
FTSE100 gain of 25.2 points to close at 5,995.3
NIKKEI 225 loss of 94.5 points to close at 14,341.1
News on the New York Stock Exchange (NYSE) today: advanced stocks 2,469; declined stocks 688; unchanged stocks 93; stocks hitting new highs 105; stocks hitting new lows 39. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: Parker-Hannifin Corporation (NYSE: PH) shed 2.16 points on the trading day, high on the trading day $80.42, low on the trading day $78.39 for a closing price at $79.78; Nucor Corporation (NYSE: NUE) gained 6.40 points on the trading day, high on the trading day $81.24, low on the trading day $76.32 for a closing price at $80.54; CF Industries Holdings Incorporated (NYSE: CF) gained 9.84 points on the trading day, high on the trading day $152.68, low on the trading day $143.10 for a closing price at $152.14; Webster Financial Corporation (NYSE: WBS) shed 3.44 points on the trading day, high on the trading day $25.26, low on the trading day $21.76 for a closing price at $22.18; Greif Incorporated (NYSE: GEF) gained 0.94 points on the trading day, high on the trading day $73.00, low on the trading day $68.17 for a closing price at $69.86; ArcelorMittal (NYSE: MT) gained 6.90 points on the trading day, high on the trading day $104.46 low on the trading day $100.47 for a closing price at $104.25; Tenaris S.A. (NYSE: TS) gained 5.64 points on the trading day, high on the trading day $65.01, low on the trading day $60.90 for a closing price at $64.89; Syniverse Holdings Incorporated (NYSE: SVR) shed 1.97 points on the trading day, high on the trading day $20.96, low on the trading day $17.88 for a closing price at $19.13; Carpenter Technology Corporation (NYSE: CRS) shed 2.91 points on the trading day, high on the trading day $50.51, low on the trading day $47.62 for a closing price at $48.31; Agnico-Eagle Mines Limited (NYSE: AEM) gained 0.04 points on the trading day, high on the trading day $66.90, low on the trading day $64.32 for a closing price at $66.72; Fording Canadian Coal Trust (NYSE: FDG) shed 0.21 points on the trading day, high on the trading day $81.48, low on the trading day $76.72 for a closing price at $79.23; Comstock Resources Incorporated (NYSE: CRK) gained 5.82 points on the trading day, high on the trading day $63.23, low on the trading day $58.33 for a closing price at $63.23; Lehman Brothers Holdings Incorporated (NYSE: LEH) gained 2.45 points on the trading day, high on the trading day $34.42, low on the trading day $31.71, for a closing price at $33.85; CME Group, Incorporated (NYSE: CME) gained 24.54 points on the trading day, high on the trading day $404.37, low on the trading day $381.01, for a closing price at $402.54; Potash Corporation of Saskatchewan (NYSE: POT) gained 10.47 points on the trading day, high on the trading day $219.25, low on the trading day $207.66 for a closing price at $218.85; MasterCard Incorporated (NYSE: MA) gained 8.76 points on the trading day, high on the trading day $306.16, low on the trading day $295.44, for a closing price at $306.16; Monsanto Company (NYSE: MON) gained 6.91 points on the trading day, high on the trading day $139.06, low on the trading day $133.03 for a closing price at $138.51; IntercontinentalExchange Incorporated (NYSE: ICE) gained 7.56 points on the trading day, high on the trading day $136.63, low on the trading day $129.40, for a closing price at $136.63; Mosaic Company (NYSE: MOS) gained 5.68 points on the trading day, high on the trading day $134.42, low on the trading day $129.19 for a closing price at $134.42; United States Steel Corporation (NYSE: X) gained 9.93 points on the trading day, high on the trading day $184.59, low on the trading day $175.25, for a closing price at $183.15.
News on the NASDAQ today: advanced stocks 2,111 declined stocks 764; unchanged stocks 127; stocks hitting new highs 77; stocks hitting new lows 66. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Baidu.com Incorporated (NasdaqGS: BIDU) gained 16.78 points on the trading day, high on the trading day $361.99, low on the trading day $345.64 for a closing price at $361.30; UTi Worldwide Incorporated (NasdaqGS: UTIW) shed 0.29 points on the trading day, high on the trading day $24.35, low on the trading day $20.94 for a closing price at $23.03; ADC Telecommunications (NasdaqGS: ADCT) gained 1.43 points on the trading day, high on the trading day $17.12, low on the trading day $16.32 for a closing price at $17.07; CRA International (NasdaqGS: CRAI) gained 4.56 points on the trading day, high on the trading day $41.96, low on the trading day $35.30 for a closing price at $39.31; First Solar, Incorporated (NasdaqGS: FSLR) gained 13.14 points on the trading day, high on the trading day $257.53, low on the trading day $241.64 for a closing price at $256.02; Research In Motion Limited (NasdaqGS: RIMM) gained 0.96 points on the trading day, high on the trading day $137.68, low on the trading day $134.80, for a closing price at $135.25.
News on the American Stock Exchange (AMEX) today: advanced stocks 821; declined stocks 375; unchanged stocks 73; stocks hitting new highs 28; stocks hitting new lows 17.
U.S. Jobless Claims fell 18K to 357K for week of May 31 compared to survey of an increase by 3K; U.S. Continuing Claims for week of May 24 fell 16K to 3,093,000; U.S. Jobless Claims for week of May 24 revised to 375K from 372K.
Commodities Markets
Energy Sector: Light Crude (NYM) gained $5.49 on the day to close at $127.79 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.14 on the day to close at $3.68 a gallon ($US per gal.); Natural Gas (NYM) gained $0.14 on the day to close at $12.52 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.14 on the day to close at $3.33 a gallon ($US per gal.).
Metals Markets: Gold (CMX) shed $8.30 to close at $875.50 ($US per Troy oz.); Silver (CMX) gained $0.23 to close at $17.17 ($US per Troy oz.); Platinum (NYM) gained $17.60 on the day to close at $2,012.50 ($US per Troy oz.) and Copper (CMX) shed $0.01 on the day to close at $3.54 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.20 to close at 75.50; Pork Bellies (CME) shed 2.00 to close at 71.50; Live Cattle (CME) gained 0.50 to close at 101.00; Feeder Cattle (CME) shed 0.90 to close at 112.83.
Other Commodities (cents per bu.): Corn (CBT) gained 27.75 to close the session at 670.75 and Soybeans (CBT) gained 63.00 to close session at 1,452.00.
Bond action for the day: 2 year bond shed 3/32 on the day to close at 100 7/32 with a Yield of 2.50, Yield Change +0.05; 5 year bond shed 10/32 to close at 100 24/32 with a Yield of 3.33, Yield Change +0.07; 10 year bond shed 16/32 to close at 98 20/32 with a Yield of 4.04, Yield Change +0.06; the 30 year bond shed 19/32 to close at 94 5/32 on the day with a Yield of 4.74, Yield Change +0.04.
The e-mini Dow $5 ended the commodity session today at 12,608 with a gain of 204 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
