Daily Market Commentary for November 6, 2008 from Millennium-Traders.Com
Buyers remain on the sidelines and even still, they are definitely not looking to take any chance in getting in on these heavy market losses taken by stocks as of yet. (read more)
Economic data released today:
Jobless Claims:
U.S. Jobless Claims in week of November 1 fell 4K to 481K compared to survey of unchanged; U.S. Continuing Claims for week of October 25 rose by 122K to 3,843,000; U.S. Jobless Claims for week of October 25 Week revised to 485K from 479K; U.S. Insured Unemployment for week of November 1 highest since 1983.
Productivity and Costs:
U.S. Third Quarter Non-Farm Productivity increased by 1.1 percent compared to consensus of an increase by 0.4 percent; U.S. Third Quarter Unit Labor Costs increased by 3.6 percent compared to consensus of an increase by 3.0 percent.
At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the session on the world market as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit loss of 443.48 points on the day to end the trading session at 8,695.79
NYSE (New York Stock Exchange) triple digit loss of 344.77 points to end the trading session at 5,667.40
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 72.948 points to end the trading session at 1,608.70
S&P 500 loss of 47.89 points to end the trading session at 904.88
FTSE All-World excluding U.S. loss of 8.58 points to end the trading session at 148.73
FTSE RAFI 1000 triple digit loss of 198.88 points to end the trading session at 3,495.23
BEL 20 (BEL20) loss of 66.56points to end the trading session at 2,132.87
CAC 40 (CAC40) triple digit loss of 230.86 points to end the trading session at 3,387.25
FTSE100 (UKX100) triple digit loss of 258.32 points to end the trading session at 4,272.41
NIKKEI 225 (NIK/O) triple digit loss of 622.10 points to end the trading session at 8,899.14
New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 547, declined stock prices 2,658; unchanged stock prices 50; stock prices hitting new highs 3 and stock prices hitting new lows 119. NYSE quotes for volatile stocks and market trends, 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: Charles River Laboratories Incorporated (NYSE: CRL) stock price shed 7.03 points on the trading session, high on the trading session $30.00, low on the trading session $25.65 with a closing stock price at $26.87; Amdocs Limited (NYSE: DOX) stock price shed 4.29 points on the trading session, high on the trading session $120.18, low on the trading session $18.16 with a closing stock price at $19.34; FTI Consulting Incorporated (NYSE: FCN) stock price shed 15.07 points on the trading session, high on the trading session $45.50, low on the trading session $37.80 with a closing stock price at $43.11; Vulcan Materials Company (NYSE: VMC) stock price shed 3.20 points on the trading session, high on the trading session $57.07, low on the trading session $50.24 with a closing stock price at $53.10; Goldman Sachs Group Incorporated (NYSE: GS) stock price shed 6.71 points on the trading session, high on the trading session $88.80, low on the trading session $79.41 with a closing stock price at $80.72; Ultrashort Financial ProShares Corporation (NYSE: SKF) stock price gained 15.90 points on the trading session, high on the trading session $146.21, low on the trading session $128.23 with a closing stock price at $143.33; Potash Corporation Saskatchewan (NYSE: POT) stock price shed 7.98 points on the trading session, high on the trading session $85.44, low on the trading session $76.62 with a closing stock price at $78.90; CNOOC Limited (NYSE: CEO) stock price shed 9.27 points on the trading session, high on the trading session $74.90, low on the trading session $68.13 with a closing stock price at $68.79; Proshares Ultrashort (NYSE: EEV) stock price gained 9.50 points on the trading session, high on the trading session $104.40, low on the trading session $90.60 with a closing stock price at $100.90; MEMC Electronic Materials Incorporated (NYSE: WFR) stock price shed 2.09 points on the trading session, high on the trading session $19.56, low on the trading session $17.50 with a closing stock price at $17.74; Canadian Natural Resource Limited (NYSE: CNQ) stock price shed 7.08 points on the trading session, high on the trading session $50.66, low on the trading session $42.73 with a closing stock price at $44.57; Integrys Energy Group Incorporated (NYSE: TEG) stock price shed 4.30 points on the trading session, high on the trading session $46.00, low on the trading session $42.29 with a closing stock price at $43.62; Toyota Motor Corporation (NYSE: TM) stock price shed 13.28 points on the trading session, high on the trading session $71.67, low on the trading session $64.80 with a closing stock price at $67.09; MasterCard Incorporated (NYSE: MA) stock price shed 12.57 points on the trading session, high on the trading session $155.67, low on the trading session $138.55 with a closing stock price at $143.30; CME Group Incorporated (NYSE: CME) stock price shed 22.39 points on the trading session, high on the trading session $288.74, low on the trading session $258.00 with a closing stock price at $259.66.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 631; declined stock prices 2,249; unchanged stock prices 106; stock prices hitting new highs 5; stock prices hitting new lows 182. NASDAQ quotes, volatile stocks and market trends, 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: First Solar Incorporated (NasdaqGS: FSLR) stock price shed 8.10 points on the trading session, high on the trading session $148.76, low on the trading session $135.77 with a closing stock price at $143.60.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 269; declined stock prices 677; unchanged stock prices 68; stock prices hitting new highs 3 and stock prices hitting new lows 27.
Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts:
E-mini S&P 500 (ES) end of day price 903.00 change -55.00
E-mini NASDAQ-100 (NQ) end of day price 1,241.00 change -65.25
E-mini S&P SmallCap 600 (SMP) end of day price 266.10 change -9.90
$5 DJIA (YM) end of day price 8,680 change -495
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7873 to U.S. Dollars 1.2702
Japanese Yen 97.70 to U.S. Dollars 0.0102
British Pound 0.640 to U.S. Dollars 1.5626
Canadian Dollar 1.1946 to U.S. Dollars 0.8371
Swiss Franc 1.1786 to U.S. Dollars 0.8485
Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $4.53 on the day for a closing price of $60.77 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.11 on the day for a closing price of $1.94 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.29 on the day for a closing price of $7.20 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.09 on the day for a closing price of $1.34 a gallon ($US per gallon)
Metals Markets:
Gold Market Price (COMEX: CMX) shed $10.20 on the day for a closing price of $732.20 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.40 on the day for a closing price of $10.06 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $41.70 on the day for a closing price of $838.30 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.09 on the day for a closing price of $1.73 ($US per pound)
Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.35 on the day for a closing price of 54.4838
Pork Bellies (Chicago Mercantile Exchange: CME) no change on the day for a closing price of 83.80
Live Cattle (Chicago Mercantile Exchange: CME) shed 0.98 on the day for a closing price of 93.30
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 1.80 on the day for a closing price of 98.98
Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 12.25 on the day for a closing price of 378.00
Soybeans (Chicago Board of Trade: CBT) gained 2.00 on the day for a closing price of 906.00
Bond Market:
2 year bond gained 4/32 on the day for a closing price of 100 13/32 with a Yield of 1.28, Yield Change -0.07
5 year bond gained 6/32 on the day for a closing price of 101 10/32 with a Yield of 2.46, Yield Change -0.04
10 year bond gained 3/32 on the day for a closing price of 102 15/32 with a Yield of 3.69, Yield Change -0.01
30 year bond shed 9/32 on the day for a closing price of 105 3/32 with a Yield of 4.17, Yield Change -0.00
Access upcoming scheduled economic data anytime by viewing the Economic Calendar 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
Buyers remain on the sidelines and even still, they are definitely not looking to take any chance in getting in on these heavy market losses taken by stocks as of yet. (read more)
Economic data released today:
Jobless Claims:
U.S. Jobless Claims in week of November 1 fell 4K to 481K compared to survey of unchanged; U.S. Continuing Claims for week of October 25 rose by 122K to 3,843,000; U.S. Jobless Claims for week of October 25 Week revised to 485K from 479K; U.S. Insured Unemployment for week of November 1 highest since 1983.
Productivity and Costs:
U.S. Third Quarter Non-Farm Productivity increased by 1.1 percent compared to consensus of an increase by 0.4 percent; U.S. Third Quarter Unit Labor Costs increased by 3.6 percent compared to consensus of an increase by 3.0 percent.
At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the session on the world market as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit loss of 443.48 points on the day to end the trading session at 8,695.79
NYSE (New York Stock Exchange) triple digit loss of 344.77 points to end the trading session at 5,667.40
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 72.948 points to end the trading session at 1,608.70
S&P 500 loss of 47.89 points to end the trading session at 904.88
FTSE All-World excluding U.S. loss of 8.58 points to end the trading session at 148.73
FTSE RAFI 1000 triple digit loss of 198.88 points to end the trading session at 3,495.23
BEL 20 (BEL20) loss of 66.56points to end the trading session at 2,132.87
CAC 40 (CAC40) triple digit loss of 230.86 points to end the trading session at 3,387.25
FTSE100 (UKX100) triple digit loss of 258.32 points to end the trading session at 4,272.41
NIKKEI 225 (NIK/O) triple digit loss of 622.10 points to end the trading session at 8,899.14
New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 547, declined stock prices 2,658; unchanged stock prices 50; stock prices hitting new highs 3 and stock prices hitting new lows 119. NYSE quotes for volatile stocks and market trends, 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: Charles River Laboratories Incorporated (NYSE: CRL) stock price shed 7.03 points on the trading session, high on the trading session $30.00, low on the trading session $25.65 with a closing stock price at $26.87; Amdocs Limited (NYSE: DOX) stock price shed 4.29 points on the trading session, high on the trading session $120.18, low on the trading session $18.16 with a closing stock price at $19.34; FTI Consulting Incorporated (NYSE: FCN) stock price shed 15.07 points on the trading session, high on the trading session $45.50, low on the trading session $37.80 with a closing stock price at $43.11; Vulcan Materials Company (NYSE: VMC) stock price shed 3.20 points on the trading session, high on the trading session $57.07, low on the trading session $50.24 with a closing stock price at $53.10; Goldman Sachs Group Incorporated (NYSE: GS) stock price shed 6.71 points on the trading session, high on the trading session $88.80, low on the trading session $79.41 with a closing stock price at $80.72; Ultrashort Financial ProShares Corporation (NYSE: SKF) stock price gained 15.90 points on the trading session, high on the trading session $146.21, low on the trading session $128.23 with a closing stock price at $143.33; Potash Corporation Saskatchewan (NYSE: POT) stock price shed 7.98 points on the trading session, high on the trading session $85.44, low on the trading session $76.62 with a closing stock price at $78.90; CNOOC Limited (NYSE: CEO) stock price shed 9.27 points on the trading session, high on the trading session $74.90, low on the trading session $68.13 with a closing stock price at $68.79; Proshares Ultrashort (NYSE: EEV) stock price gained 9.50 points on the trading session, high on the trading session $104.40, low on the trading session $90.60 with a closing stock price at $100.90; MEMC Electronic Materials Incorporated (NYSE: WFR) stock price shed 2.09 points on the trading session, high on the trading session $19.56, low on the trading session $17.50 with a closing stock price at $17.74; Canadian Natural Resource Limited (NYSE: CNQ) stock price shed 7.08 points on the trading session, high on the trading session $50.66, low on the trading session $42.73 with a closing stock price at $44.57; Integrys Energy Group Incorporated (NYSE: TEG) stock price shed 4.30 points on the trading session, high on the trading session $46.00, low on the trading session $42.29 with a closing stock price at $43.62; Toyota Motor Corporation (NYSE: TM) stock price shed 13.28 points on the trading session, high on the trading session $71.67, low on the trading session $64.80 with a closing stock price at $67.09; MasterCard Incorporated (NYSE: MA) stock price shed 12.57 points on the trading session, high on the trading session $155.67, low on the trading session $138.55 with a closing stock price at $143.30; CME Group Incorporated (NYSE: CME) stock price shed 22.39 points on the trading session, high on the trading session $288.74, low on the trading session $258.00 with a closing stock price at $259.66.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 631; declined stock prices 2,249; unchanged stock prices 106; stock prices hitting new highs 5; stock prices hitting new lows 182. NASDAQ quotes, volatile stocks and market trends, 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: First Solar Incorporated (NasdaqGS: FSLR) stock price shed 8.10 points on the trading session, high on the trading session $148.76, low on the trading session $135.77 with a closing stock price at $143.60.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 269; declined stock prices 677; unchanged stock prices 68; stock prices hitting new highs 3 and stock prices hitting new lows 27.
Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts:
E-mini S&P 500 (ES) end of day price 903.00 change -55.00
E-mini NASDAQ-100 (NQ) end of day price 1,241.00 change -65.25
E-mini S&P SmallCap 600 (SMP) end of day price 266.10 change -9.90
$5 DJIA (YM) end of day price 8,680 change -495
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7873 to U.S. Dollars 1.2702
Japanese Yen 97.70 to U.S. Dollars 0.0102
British Pound 0.640 to U.S. Dollars 1.5626
Canadian Dollar 1.1946 to U.S. Dollars 0.8371
Swiss Franc 1.1786 to U.S. Dollars 0.8485
Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $4.53 on the day for a closing price of $60.77 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.11 on the day for a closing price of $1.94 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.29 on the day for a closing price of $7.20 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.09 on the day for a closing price of $1.34 a gallon ($US per gallon)
Metals Markets:
Gold Market Price (COMEX: CMX) shed $10.20 on the day for a closing price of $732.20 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.40 on the day for a closing price of $10.06 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $41.70 on the day for a closing price of $838.30 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.09 on the day for a closing price of $1.73 ($US per pound)
Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.35 on the day for a closing price of 54.4838
Pork Bellies (Chicago Mercantile Exchange: CME) no change on the day for a closing price of 83.80
Live Cattle (Chicago Mercantile Exchange: CME) shed 0.98 on the day for a closing price of 93.30
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 1.80 on the day for a closing price of 98.98
Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 12.25 on the day for a closing price of 378.00
Soybeans (Chicago Board of Trade: CBT) gained 2.00 on the day for a closing price of 906.00
Bond Market:
2 year bond gained 4/32 on the day for a closing price of 100 13/32 with a Yield of 1.28, Yield Change -0.07
5 year bond gained 6/32 on the day for a closing price of 101 10/32 with a Yield of 2.46, Yield Change -0.04
10 year bond gained 3/32 on the day for a closing price of 102 15/32 with a Yield of 3.69, Yield Change -0.01
30 year bond shed 9/32 on the day for a closing price of 105 3/32 with a Yield of 4.17, Yield Change -0.00
Access upcoming scheduled economic data anytime by viewing the Economic Calendar 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
