Daily Market Commentary for May 5, 2008 from Millennium-Traders.Com
Yahoo ended the day lower by over 4 points and Microsoft was lower by less than a quarter point at the closing bell. Rumor mill has it that Yahoo shareholders may initiate a lawsuit since the price offered by Microsoft, was appealing to them. (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) loss 89.23 points on the day to end the session at 12,968.97
NYSE (New York Stock Exchange) loss of 13.07 points to end the session at 9,438.10
NASDAQ loss of 12.87 points for a close at 2,464.12
S&P 500 loss of 6.41 points for a close at 1,407.49
FTSE All-World ex-U.S. gain of 0.15 points to close at 254.32
FTSE RAFI 1000 loss of 37.42 points to close at 5,694.10
BEL 20 loss of 2.6 points to close at 3,943.74
CAC 40 loss of 6.35 points to close at 5,063.36
FTSE100 unchanged at 6,215.50
NIKKEI 225 unchanged at 14,049.30
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,336; declined stocks 1,799; unchanged stocks 107; stocks hitting new highs 39; stocks hitting new lows 25.
Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today:
Walter Industries Incorporated (NYSE: WLT) gained 8.63 points on the trading day, high on the trading day $83.99, low on the trading day $75.00, for a closing price at $81.58;
Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 7.28 points on the trading day, high on the trading day $193.96, low on the trading day $187.75, for a closing price at $193.89;
Freeport-McMoRan Copper & Gold Incorporated (NYSE: FCX) gained 5.76 points on the trading day, high on the trading day $116.74, low on the trading day $114.00, for a closing price at $115.99;
XL Capital Limited (NYSE: XL) shed 3.21 points on the trading day, high on the trading day $37.34, low on the trading day $34.40, for a closing price at $34.57;
CME Group, Incorporated (NYSE: CME) gained 1.96 points on the trading day, high on the trading day $499.52, low on the trading day $485.04, for a closing price at $489.35;
Fluor Corporation (NYSE: FLR) gained 5.17 points on the trading day, high on the trading day $158.81, low on the trading day $152.82, for a closing price at $157.99;
ResMed Incorporated (NYSE: RMD) shed 1.50 points on the trading day, high on the trading day $41.40, low on the trading day $39.60, for a closing price at $40.00;
ITT Educational Services Incorporated (NYSE: ESI) shed 3.05 points on the trading day, high on the trading day $76.85, low on the trading day $72.08, for a closing price at $73.33;
Tidewater Incorporated (NYSE: TDW) shed 6.44 points on the trading day, high on the trading day $62.78, low on the trading day $57.08, for a closing price at $58.55;
Monsanto Corporation (NYSE: MON) gained 2.69 points on the trading day, high on the trading day $118.12, low on the trading day $115.40, for a closing price at $117.91;
AGCO Corporation (NYSE: AG) shed 3.61 points on the trading day, high on the trading day $59.61, low on the trading day $54.68, for a closing price at $55.57;
InterContinental Exchange, Incorporated (NYSE: ICE) gained 1.44 points on the trading day, high on the trading day $164.00, low on the trading day $159.01, for a closing price at $162.56;
Hewitt Associates Incorporated (NYSE: HEW) shed 4.48 points on the trading day, high on the trading day $41.27, low on the trading day $37.32, for a closing price at $37.42;
Cleveland-Cliffs Incorporated (NYSE: CLF) gained 9.63 points on the trading day, high on the trading day $168.63, low on the trading day $157.99, for a closing price at $167.22;
Continental Resources Incorporated (NYSE: CLR) gained 7.14 points on the trading day, high on the trading day $52.15, low on the trading day $46.50, for a closing price at $50.97.
News on the NASDAQ today: advanced stocks 1,241; declined stocks 1,637; unchanged stocks 161; stocks hitting new highs 42; stocks hitting new lows 78.
Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today:
Zoltek Companies Incorporated (NasdaqGS: ZOLT) shed 2.37 points on the trading day, high on the trading day $28.69, low on the trading day $20.14, for a closing price at $25.20;
iPCS Incorporated (NasdaqGS: IPCS) shed 4.27 points on the trading day, high on the trading day $32.27, low on the trading day $26.82, for a closing price at $27.59;
Blue Nile Incorporated (NasdaqGS: NILE) shed 5.42 points on the trading day, high on the trading day $53.85, low on the trading day $47.76, for a closing price at $47.76;
Yahoo! Incorporated (NasdaqGS: YHOO) shed 4.30 points on the trading day, high on the trading day $24.93, low on the trading day $22.97, for a closing price at $24.37;
HMS Holdings Corporation (NasdaqGS: HMSY) shed 6.11 points on the trading day, high on the trading day $26.43, low on the trading day $18.23, for a closing price at $20.06;
Baidu.com, Incorporated (NasdaqGS: BIDU) gained 12.35 points on the trading day, high on the trading day $378.11, low on the trading day $361.01, for a closing price at $373.85;
Intuitive Surgical, Incorporated (NasdaqGS: ISRG) gained 4.72 points on the trading day, high on the trading day $297.70, low on the trading day $288.00, for a closing price at $294.75;
Apple Incorporated (NasdaqGS: AAPL) gained 3.79 points on the trading day, high on the trading day $185.31, low on the trading day $181.05, for a closing price at $184.73;
Mercadolibre, Incorporated (NasdaqGS: MELI) gained 6.01 points on the trading day, high on the trading day $56.78, low on the trading day $50.23, for a closing price at $56.00;
Research In Motion Limited (NasdaqGS: RIMM) gained 1.26 points on the trading day, high on the trading day $135.85, low on the trading day $131.73, for a closing price at $133.18;
Google Incorporated (NasdaqGS: GOOG) gained 13.91 points on the trading day, high on the trading day $599.00, low on the trading day $587.13, for a closing price at $594.90;
First Solar, Incorporated (NasdaqGS: FSLR) shed 7.42 points on the trading day, high on the trading day $274.94, low on the trading day $262.16, for a closing price at $268.82;
Dynamic Materials Corporation (NasdaqGS: BOOM) shed 2.18 points on the trading day, high on the trading day $36.39, low on the trading day $34.04, for a closing price at $34.20.
News on the American Stock Exchange (AMEX) today: advanced stocks 506; declined stocks 628; unchanged stocks 102; stocks hitting new highs 20; stocks hitting new lows 21.
U.S. Institute for Supply Management (ISM) April Non-Manufacturing New Orders Index came in at 50.1 versus March reading at 50.2; U.S. ISM Apr Non-Manufacturing Prices Index came in at 72.1 versus March reading at 70.8; U.S. ISM Apr Non-Manufacturing Employment Index came in at 50.8 versus March reading at 46.9; U.S. ISM Apr Non-Manufacturing Business Index came in at 50.9 versus March reading at 52.2; U.S. ISM Apr Non-Manufacturing Composite Index came in at 52.0 versus March reading at 49.6; U.S. ISM Apr Non-Manufacturing Business Index came in at 50.9; U.S. ISM Apr Non-Manufacturing Composite Index expected to come in at 49.8; U.S. ISM Apr Non-Manufacturing Composite Index came in at 52.0.
Commodities Markets
Energy Sector: Light Crude (NYM) gained $3.65 on the day to close at $119.97 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.09 on the day to close at $3.31 a gallon ($US per gal.); Natural Gas (NYM) gained $0.40 on the day to close at $11.18 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.09 on the day to close at $3.05 a gallon ($US per gal.).
Metals Markets: Gold (CMX) gained $16.20 to close at $874.20 ($US per Troy oz.); Silver (CMX) gained $0.37 to close at $16.83 ($US per Troy oz.); Platinum (NYM) gained $19.20 to close at $1,927.40 ($US per Troy oz.) and Copper (CMX) gained $0.13 to close at $3.95 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 1.25 to close at 73.20; Pork Bellies (CME) gained 0.15 to close at 74.85; Live Cattle (CME) shed 0.93 to close at 91.20; Feeder Cattle (CME) gained 0.10 to close at 108.25.
Other Commodities (cents per bu.): Corn (CBT) shed 3.75 to close the session at 594.00 and Soybeans (CBT) gained 33.50 to close the session at 1,286.00.
Bonds were higher across the board today: 2 year bond gained 2/32 to close at 99 13/32 with a Yield of 2.42, Yield Change -0.04; 5 year bond gained 3/32 to close at 99 27/32 with a Yield of 3.15, Yield Change -0.02; 10 year bond closed at 97 3/32 with a Yield of 3.85, Yield Change 0.00; the 30 year bond shed 6/32 to close at 96 16/32 on the day with a Yield of 4.59, Yield Change +0.02.
The e-mini Dow $5 ended the commodity session today at 12,953 with a loss of 107 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
Yahoo ended the day lower by over 4 points and Microsoft was lower by less than a quarter point at the closing bell. Rumor mill has it that Yahoo shareholders may initiate a lawsuit since the price offered by Microsoft, was appealing to them. (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) loss 89.23 points on the day to end the session at 12,968.97
NYSE (New York Stock Exchange) loss of 13.07 points to end the session at 9,438.10
NASDAQ loss of 12.87 points for a close at 2,464.12
S&P 500 loss of 6.41 points for a close at 1,407.49
FTSE All-World ex-U.S. gain of 0.15 points to close at 254.32
FTSE RAFI 1000 loss of 37.42 points to close at 5,694.10
BEL 20 loss of 2.6 points to close at 3,943.74
CAC 40 loss of 6.35 points to close at 5,063.36
FTSE100 unchanged at 6,215.50
NIKKEI 225 unchanged at 14,049.30
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,336; declined stocks 1,799; unchanged stocks 107; stocks hitting new highs 39; stocks hitting new lows 25.
Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today:
Walter Industries Incorporated (NYSE: WLT) gained 8.63 points on the trading day, high on the trading day $83.99, low on the trading day $75.00, for a closing price at $81.58;
Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 7.28 points on the trading day, high on the trading day $193.96, low on the trading day $187.75, for a closing price at $193.89;
Freeport-McMoRan Copper & Gold Incorporated (NYSE: FCX) gained 5.76 points on the trading day, high on the trading day $116.74, low on the trading day $114.00, for a closing price at $115.99;
XL Capital Limited (NYSE: XL) shed 3.21 points on the trading day, high on the trading day $37.34, low on the trading day $34.40, for a closing price at $34.57;
CME Group, Incorporated (NYSE: CME) gained 1.96 points on the trading day, high on the trading day $499.52, low on the trading day $485.04, for a closing price at $489.35;
Fluor Corporation (NYSE: FLR) gained 5.17 points on the trading day, high on the trading day $158.81, low on the trading day $152.82, for a closing price at $157.99;
ResMed Incorporated (NYSE: RMD) shed 1.50 points on the trading day, high on the trading day $41.40, low on the trading day $39.60, for a closing price at $40.00;
ITT Educational Services Incorporated (NYSE: ESI) shed 3.05 points on the trading day, high on the trading day $76.85, low on the trading day $72.08, for a closing price at $73.33;
Tidewater Incorporated (NYSE: TDW) shed 6.44 points on the trading day, high on the trading day $62.78, low on the trading day $57.08, for a closing price at $58.55;
Monsanto Corporation (NYSE: MON) gained 2.69 points on the trading day, high on the trading day $118.12, low on the trading day $115.40, for a closing price at $117.91;
AGCO Corporation (NYSE: AG) shed 3.61 points on the trading day, high on the trading day $59.61, low on the trading day $54.68, for a closing price at $55.57;
InterContinental Exchange, Incorporated (NYSE: ICE) gained 1.44 points on the trading day, high on the trading day $164.00, low on the trading day $159.01, for a closing price at $162.56;
Hewitt Associates Incorporated (NYSE: HEW) shed 4.48 points on the trading day, high on the trading day $41.27, low on the trading day $37.32, for a closing price at $37.42;
Cleveland-Cliffs Incorporated (NYSE: CLF) gained 9.63 points on the trading day, high on the trading day $168.63, low on the trading day $157.99, for a closing price at $167.22;
Continental Resources Incorporated (NYSE: CLR) gained 7.14 points on the trading day, high on the trading day $52.15, low on the trading day $46.50, for a closing price at $50.97.
News on the NASDAQ today: advanced stocks 1,241; declined stocks 1,637; unchanged stocks 161; stocks hitting new highs 42; stocks hitting new lows 78.
Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today:
Zoltek Companies Incorporated (NasdaqGS: ZOLT) shed 2.37 points on the trading day, high on the trading day $28.69, low on the trading day $20.14, for a closing price at $25.20;
iPCS Incorporated (NasdaqGS: IPCS) shed 4.27 points on the trading day, high on the trading day $32.27, low on the trading day $26.82, for a closing price at $27.59;
Blue Nile Incorporated (NasdaqGS: NILE) shed 5.42 points on the trading day, high on the trading day $53.85, low on the trading day $47.76, for a closing price at $47.76;
Yahoo! Incorporated (NasdaqGS: YHOO) shed 4.30 points on the trading day, high on the trading day $24.93, low on the trading day $22.97, for a closing price at $24.37;
HMS Holdings Corporation (NasdaqGS: HMSY) shed 6.11 points on the trading day, high on the trading day $26.43, low on the trading day $18.23, for a closing price at $20.06;
Baidu.com, Incorporated (NasdaqGS: BIDU) gained 12.35 points on the trading day, high on the trading day $378.11, low on the trading day $361.01, for a closing price at $373.85;
Intuitive Surgical, Incorporated (NasdaqGS: ISRG) gained 4.72 points on the trading day, high on the trading day $297.70, low on the trading day $288.00, for a closing price at $294.75;
Apple Incorporated (NasdaqGS: AAPL) gained 3.79 points on the trading day, high on the trading day $185.31, low on the trading day $181.05, for a closing price at $184.73;
Mercadolibre, Incorporated (NasdaqGS: MELI) gained 6.01 points on the trading day, high on the trading day $56.78, low on the trading day $50.23, for a closing price at $56.00;
Research In Motion Limited (NasdaqGS: RIMM) gained 1.26 points on the trading day, high on the trading day $135.85, low on the trading day $131.73, for a closing price at $133.18;
Google Incorporated (NasdaqGS: GOOG) gained 13.91 points on the trading day, high on the trading day $599.00, low on the trading day $587.13, for a closing price at $594.90;
First Solar, Incorporated (NasdaqGS: FSLR) shed 7.42 points on the trading day, high on the trading day $274.94, low on the trading day $262.16, for a closing price at $268.82;
Dynamic Materials Corporation (NasdaqGS: BOOM) shed 2.18 points on the trading day, high on the trading day $36.39, low on the trading day $34.04, for a closing price at $34.20.
News on the American Stock Exchange (AMEX) today: advanced stocks 506; declined stocks 628; unchanged stocks 102; stocks hitting new highs 20; stocks hitting new lows 21.
U.S. Institute for Supply Management (ISM) April Non-Manufacturing New Orders Index came in at 50.1 versus March reading at 50.2; U.S. ISM Apr Non-Manufacturing Prices Index came in at 72.1 versus March reading at 70.8; U.S. ISM Apr Non-Manufacturing Employment Index came in at 50.8 versus March reading at 46.9; U.S. ISM Apr Non-Manufacturing Business Index came in at 50.9 versus March reading at 52.2; U.S. ISM Apr Non-Manufacturing Composite Index came in at 52.0 versus March reading at 49.6; U.S. ISM Apr Non-Manufacturing Business Index came in at 50.9; U.S. ISM Apr Non-Manufacturing Composite Index expected to come in at 49.8; U.S. ISM Apr Non-Manufacturing Composite Index came in at 52.0.
Commodities Markets
Energy Sector: Light Crude (NYM) gained $3.65 on the day to close at $119.97 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.09 on the day to close at $3.31 a gallon ($US per gal.); Natural Gas (NYM) gained $0.40 on the day to close at $11.18 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.09 on the day to close at $3.05 a gallon ($US per gal.).
Metals Markets: Gold (CMX) gained $16.20 to close at $874.20 ($US per Troy oz.); Silver (CMX) gained $0.37 to close at $16.83 ($US per Troy oz.); Platinum (NYM) gained $19.20 to close at $1,927.40 ($US per Troy oz.) and Copper (CMX) gained $0.13 to close at $3.95 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 1.25 to close at 73.20; Pork Bellies (CME) gained 0.15 to close at 74.85; Live Cattle (CME) shed 0.93 to close at 91.20; Feeder Cattle (CME) gained 0.10 to close at 108.25.
Other Commodities (cents per bu.): Corn (CBT) shed 3.75 to close the session at 594.00 and Soybeans (CBT) gained 33.50 to close the session at 1,286.00.
Bonds were higher across the board today: 2 year bond gained 2/32 to close at 99 13/32 with a Yield of 2.42, Yield Change -0.04; 5 year bond gained 3/32 to close at 99 27/32 with a Yield of 3.15, Yield Change -0.02; 10 year bond closed at 97 3/32 with a Yield of 3.85, Yield Change 0.00; the 30 year bond shed 6/32 to close at 96 16/32 on the day with a Yield of 4.59, Yield Change +0.02.
The e-mini Dow $5 ended the commodity session today at 12,953 with a loss of 107 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
