Daily Market Commentary for June 23, 2008 from Millennium-Traders.Com
Todays top stock pick for the trading session was Bunge Limited (NYSE: BG) which took a hard hit today on its merger announcement with Corn Products (NYSE: CPO). At the closing bell, Bunge was down over 11 points on the trading session. (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) loss of 0.33 points on the day to end the trading session at 11,842.36
NYSE (New York Stock Exchange) gain of 12.64 points to end the trading session at 8,841.89
NASDAQ loss of 20.35 points to end the trading session at 2,385.74
S&P 500 gain of 0.07 points to end the trading session at 1,318.00
FTSE All-World ex-U.S. loss of 1.00 point to end the trading session at 235.69
FTSE RAFI 1000 loss of 36.72 points to end the trading session at 5,143.94
BEL 20 (BEL20) loss of 18.18 points to end the trading session at 3,350.49
CAC 40 (CAC40) gain of 2.1 points to end the trading session at 4,511.37
FTSE100 (UKX100) gain of 46.4 points to end the trading session at 5,667.2
NIKKEI 225 (NIK/O) loss of 84.63 points to end the trading session at 13,857.47
Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 1,078; declined stocks 2,134; unchanged stocks 78; stocks hitting new highs 66; stocks hitting new lows 306. 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: BCE Incorporated (NYSE: BCE) gained 1.94 points on the trading session, high on the trading session $37.55, low on the trading session $36.02 for a closing stock price at $36.04; Bunge Limited (NYSE: BG) shed 11.47 points on the trading session, high on the trading session $127.64, low on the trading session $106.27 for a closing stock price at $110.70; MasterCard Incorporated (NYSE: MA) shed 1.49 points on the trading session, high on the trading session $289.22, low on the trading session $280.00 for a closing stock price at $282.52; Helmerich & Payne Incorporated (NYSE: HP) gained 4.96 points on the trading session, high on the trading session $77.07, low on the trading session $71.94 for a closing stock price at $76.99; Corn Products International Incorporated (NYSE: CPO) gained 7.85 points on the trading session, high on the trading session $54.96, low on the trading session $49.32 for a closing stock price at $50.75; Mosaic Company (NYSE: MOS) shed 2.05 points on the trading session, high on the trading session $154.50, low on the trading session $146.11 for a closing stock price at $150.67; Monsanto Company (NYSE: MON) gained 2.10 points on the trading session, high on the trading session $142.05, low on the trading session $135.93 for a closing stock price at $142.05; CME Group Incorporated (NYSE: CME) gained 7.69 points on the trading session, high on the trading session $444.00, low on the trading session $428.50 for a closing stock price at $436.95; Potash Corporation Saskatchewan (NYSE: POT) gained 6.16 points on the trading session, high on the trading session $236.49, low on the trading session $225.24 for a closing stock price at $236.25.
Market trends on the NASDAQ today: advanced stocks 885; declined stocks 2,024; unchanged stocks 129; stocks hitting new highs 41; stocks hitting new lows 278. 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: Research In Motion Limited (NasdaqGS: RIMM) shed 1.61 points on the trading session, high on the trading session $147.50, low on the trading session $143.00 for a closing stock price at $142.95; First Solar Incorporated (NasdaqGS: FSLR) gained 19.28 points on the trading session, high on the trading session $288.00, low on the trading session $274.56 for a closing stock price at $287.50; Deckers Outdoor Corporation (NasdaqGS: DECK) gained 2.30 points on the trading session, high on the trading session $144.93, low on the trading session $139.90 for a closing stock price at $141.85; Children's Place Retail Stores (NasdaqGS: PLCE) shed 0.63 points on the trading session, high on the trading session $36.34, low on the trading session $33.19 for a closing stock price at $34.95; Energy Conversion Devices Incorporated (NasdaqGS: ENER) gained 4.43 points on the trading session, high on the trading session $83.33, low on the trading session $77.36 for a closing stock price at $81.07; Penn National Gaming Incorporated (NasdaqGS: PENN) shed 2.41 points on the trading session, high on the trading session $37.49, low on the trading session $33.76 for a closing stock price at $34.63; FCStone Group Incorporated (NasdaqGS: FCSX) shed 6.33 points on the trading session, high on the trading session $38.48, low on the trading session $30.25 for a closing stock price at $32.00; Google Incorporated (NasdaqGS: GOOG) shed 0.93 points on the trading session, high on the trading session $553.15, low on the trading session $542.02 for a closing stock price at $545.50; Sohu.com Incorporated (NasdaqGS: SOHU) gained 3.92 points on the trading session, high on the trading session $76.87, low on the trading session $72.27 for a closing stock price at $75.83; Baidu.com Incorporated (NasdaqGS: BIDU) shed 4.89 points on the trading session, high on the trading session $326.94, low on the trading session $315.66 for a closing stock price at $318.00.
Market trends on the American Stock Exchange (AMEX) today: advanced stocks 450; declined stocks 750; unchanged stocks 103; stocks hitting new highs 24; stocks hitting new lows 74.
Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1346.50, change 7.75
E-mini NASDAQ-100 (NQ) end of day price1991.75, change 30.25
E-mini S&P SmallCap 600 (SMP) end of day price 389.70, change 2.70
$5 DJIA (YM) end of day price 12091, change 63
World Currencies at time of this posting:
Euro 0.6444 to U.S. Dollars 1.5519
Japanese Yen 107.85 to U.S. Dollars 0.0093
British Pound 0.5089 to U.S. Dollars 1.9649
Canadian Dollar 1.015 to U.S. Dollars 0.9852
Swiss Franc 1.0459 to U.S. Dollars 0.9561
Commodities Markets:
Energy Sector: Light Crude (NYM) gained $1.04 on the day for a closing price of $136.40 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.03 on the day for a closing price of $3.83 a gallon ($US per gal.); Natural Gas (NYM) ended the day with a closing price of $13.32 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.04 on the day for a closing price of $3.48 a gallon ($US per gal.).
Metals Markets: Gold Market Price (CMX) shed $16.70 on the day for a closing price of $887.00 ($US per Troy oz.); Silver (CMX) shed $0.62 on the day for a closing price of $16.78 ($US per Troy oz.); Platinum (NYM) ended the day with a closing price of $2,039.20 ($US per Troy oz.) and Copper (CMX) shed $0.02 on the day for a closing price of $3.81 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 1.03 on the day for a closing price of 77.35; Pork Bellies (CME) gained 0.15 on the day for a closing price of 73.10; Live Cattle (CME) shed 0.15 on the day for a closing price of 104.70; Feeder Cattle (CME) shed 0.53 on the day for a closing price of 113.05.
Other Commodities (cents per bu.): Corn (CBT) gained 3.50 on the day for a closing price of 759.00 and Soybeans (CBT) shed 7.00 on the day for a closing price of 1,502.00.
Bond action for the day: 2 year bond shed 3/32 on the day for a closing price of 99 12/32 with a Yield of 2.94, Yield Change 0.05; 5 year bond shed 5/32 on the day for a closing price of 99 13/32 with a Yield of 3.62, Yield Change 0.03; 10 year bond ended the day with a closing price of 97 20/32 with a Yield of 4.17, Yield Change 0.00; the 30 year bond gained 10/32 on the day for a closing price of 94 25/32 with a Yield of 4.70, Yield Change -0.02.
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Todays top stock pick for the trading session was Bunge Limited (NYSE: BG) which took a hard hit today on its merger announcement with Corn Products (NYSE: CPO). At the closing bell, Bunge was down over 11 points on the trading session. (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) loss of 0.33 points on the day to end the trading session at 11,842.36
NYSE (New York Stock Exchange) gain of 12.64 points to end the trading session at 8,841.89
NASDAQ loss of 20.35 points to end the trading session at 2,385.74
S&P 500 gain of 0.07 points to end the trading session at 1,318.00
FTSE All-World ex-U.S. loss of 1.00 point to end the trading session at 235.69
FTSE RAFI 1000 loss of 36.72 points to end the trading session at 5,143.94
BEL 20 (BEL20) loss of 18.18 points to end the trading session at 3,350.49
CAC 40 (CAC40) gain of 2.1 points to end the trading session at 4,511.37
FTSE100 (UKX100) gain of 46.4 points to end the trading session at 5,667.2
NIKKEI 225 (NIK/O) loss of 84.63 points to end the trading session at 13,857.47
Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 1,078; declined stocks 2,134; unchanged stocks 78; stocks hitting new highs 66; stocks hitting new lows 306. 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: BCE Incorporated (NYSE: BCE) gained 1.94 points on the trading session, high on the trading session $37.55, low on the trading session $36.02 for a closing stock price at $36.04; Bunge Limited (NYSE: BG) shed 11.47 points on the trading session, high on the trading session $127.64, low on the trading session $106.27 for a closing stock price at $110.70; MasterCard Incorporated (NYSE: MA) shed 1.49 points on the trading session, high on the trading session $289.22, low on the trading session $280.00 for a closing stock price at $282.52; Helmerich & Payne Incorporated (NYSE: HP) gained 4.96 points on the trading session, high on the trading session $77.07, low on the trading session $71.94 for a closing stock price at $76.99; Corn Products International Incorporated (NYSE: CPO) gained 7.85 points on the trading session, high on the trading session $54.96, low on the trading session $49.32 for a closing stock price at $50.75; Mosaic Company (NYSE: MOS) shed 2.05 points on the trading session, high on the trading session $154.50, low on the trading session $146.11 for a closing stock price at $150.67; Monsanto Company (NYSE: MON) gained 2.10 points on the trading session, high on the trading session $142.05, low on the trading session $135.93 for a closing stock price at $142.05; CME Group Incorporated (NYSE: CME) gained 7.69 points on the trading session, high on the trading session $444.00, low on the trading session $428.50 for a closing stock price at $436.95; Potash Corporation Saskatchewan (NYSE: POT) gained 6.16 points on the trading session, high on the trading session $236.49, low on the trading session $225.24 for a closing stock price at $236.25.
Market trends on the NASDAQ today: advanced stocks 885; declined stocks 2,024; unchanged stocks 129; stocks hitting new highs 41; stocks hitting new lows 278. 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: Research In Motion Limited (NasdaqGS: RIMM) shed 1.61 points on the trading session, high on the trading session $147.50, low on the trading session $143.00 for a closing stock price at $142.95; First Solar Incorporated (NasdaqGS: FSLR) gained 19.28 points on the trading session, high on the trading session $288.00, low on the trading session $274.56 for a closing stock price at $287.50; Deckers Outdoor Corporation (NasdaqGS: DECK) gained 2.30 points on the trading session, high on the trading session $144.93, low on the trading session $139.90 for a closing stock price at $141.85; Children's Place Retail Stores (NasdaqGS: PLCE) shed 0.63 points on the trading session, high on the trading session $36.34, low on the trading session $33.19 for a closing stock price at $34.95; Energy Conversion Devices Incorporated (NasdaqGS: ENER) gained 4.43 points on the trading session, high on the trading session $83.33, low on the trading session $77.36 for a closing stock price at $81.07; Penn National Gaming Incorporated (NasdaqGS: PENN) shed 2.41 points on the trading session, high on the trading session $37.49, low on the trading session $33.76 for a closing stock price at $34.63; FCStone Group Incorporated (NasdaqGS: FCSX) shed 6.33 points on the trading session, high on the trading session $38.48, low on the trading session $30.25 for a closing stock price at $32.00; Google Incorporated (NasdaqGS: GOOG) shed 0.93 points on the trading session, high on the trading session $553.15, low on the trading session $542.02 for a closing stock price at $545.50; Sohu.com Incorporated (NasdaqGS: SOHU) gained 3.92 points on the trading session, high on the trading session $76.87, low on the trading session $72.27 for a closing stock price at $75.83; Baidu.com Incorporated (NasdaqGS: BIDU) shed 4.89 points on the trading session, high on the trading session $326.94, low on the trading session $315.66 for a closing stock price at $318.00.
Market trends on the American Stock Exchange (AMEX) today: advanced stocks 450; declined stocks 750; unchanged stocks 103; stocks hitting new highs 24; stocks hitting new lows 74.
Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1346.50, change 7.75
E-mini NASDAQ-100 (NQ) end of day price1991.75, change 30.25
E-mini S&P SmallCap 600 (SMP) end of day price 389.70, change 2.70
$5 DJIA (YM) end of day price 12091, change 63
World Currencies at time of this posting:
Euro 0.6444 to U.S. Dollars 1.5519
Japanese Yen 107.85 to U.S. Dollars 0.0093
British Pound 0.5089 to U.S. Dollars 1.9649
Canadian Dollar 1.015 to U.S. Dollars 0.9852
Swiss Franc 1.0459 to U.S. Dollars 0.9561
Commodities Markets:
Energy Sector: Light Crude (NYM) gained $1.04 on the day for a closing price of $136.40 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.03 on the day for a closing price of $3.83 a gallon ($US per gal.); Natural Gas (NYM) ended the day with a closing price of $13.32 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.04 on the day for a closing price of $3.48 a gallon ($US per gal.).
Metals Markets: Gold Market Price (CMX) shed $16.70 on the day for a closing price of $887.00 ($US per Troy oz.); Silver (CMX) shed $0.62 on the day for a closing price of $16.78 ($US per Troy oz.); Platinum (NYM) ended the day with a closing price of $2,039.20 ($US per Troy oz.) and Copper (CMX) shed $0.02 on the day for a closing price of $3.81 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 1.03 on the day for a closing price of 77.35; Pork Bellies (CME) gained 0.15 on the day for a closing price of 73.10; Live Cattle (CME) shed 0.15 on the day for a closing price of 104.70; Feeder Cattle (CME) shed 0.53 on the day for a closing price of 113.05.
Other Commodities (cents per bu.): Corn (CBT) gained 3.50 on the day for a closing price of 759.00 and Soybeans (CBT) shed 7.00 on the day for a closing price of 1,502.00.
Bond action for the day: 2 year bond shed 3/32 on the day for a closing price of 99 12/32 with a Yield of 2.94, Yield Change 0.05; 5 year bond shed 5/32 on the day for a closing price of 99 13/32 with a Yield of 3.62, Yield Change 0.03; 10 year bond ended the day with a closing price of 97 20/32 with a Yield of 4.17, Yield Change 0.00; the 30 year bond gained 10/32 on the day for a closing price of 94 25/32 with a Yield of 4.70, Yield Change -0.02.
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
