Daily Market Commentary for April 11, 2008 from Millennium-Traders.Com
General Electric (NYSE: GE) disappointed the street with a 6% decline in their first quarter profits. Generally a pillar of Wall Street, GE shook up the street after they announced they missed their estimates.(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 loss of 252.73 points on the day to end the session at 12,329.25
NYSE (New York Stock Exchange) triple digit loss of 160.75 points to end the session at 8,936.11
NASDAQ loss of 60.32 points for a close at 2,291.38
S&P 500 loss of 27.24 points for a close at 1,333.31
FTSE All-World ex-U.S. loss of 2.16 points to close at 242.90
FTSE RAFI 1000 triple digit loss of 111.91 points to close at 5,372.25
BEL 20 loss of 45.18 points on the day to end the session at 3,802.02
CAC 40 loss of 61.49 points on the day to end the session at 4,797.93
FTSE100 loss of 69.6 points on the day to end the session at 5,895.50
NIKKEI 225 gain of 378.40 points on the day to end the session at 13,323.70
News on the New York Stock Exchange (NYSE) today: advanced stocks 614; declined stocks 2,543; unchanged stocks 87; stocks hitting new highs 26; stocks hitting new lows 54. Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today: MEMC Electronic Materials Incorporated (NYSE: WFR) shed 3.01 points on the trading day, high on the trading day $75.98, low on the trading day $73.22, for a closing price at $73.43; NAVTEQ Corporation (NYSE: NVT) shed 3.70 points on the trading day, high on the trading day $67.75, low on the trading day $64.55, for a closing price at $67.27; Precision Castparts Corporation (NYSE: PCP) shed 3.36 points on the trading day, high on the trading day $112.49, low on the trading day $109.51, for a closing price at $110.25; Varian Medical Systems Incorporated (NYSE: VAR) shed 3.35 points on the trading day, high on the trading day $49.00, low on the trading day $45.76, for a closing price at $46.96; ITT Educational Services Incorporated (NYSE: ESI) shed 1.96 points on the trading day, high on the trading day $62.73, low on the trading day $59.71, for a closing price at $60.69; Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 0.37 points on the trading day, high on the trading day $180.20, low on the trading day $175.51, for a closing price at $178.47; CF Industries Holdings, Incorporated (NYSE: CF) gained 1.33 points on the trading day, high on the trading day $140.06, low on the trading day $133.12, for a closing price at $138.43; General Electric Corporation (NYSE: GE) shed 4.70 points on the trading day, high on the trading day $33.01, low on the trading day $31.81, for a closing price at $32.05; UltraShort Financials ProShares (NYSE: SKF) gained 3.70 points on the trading day, high on the trading day $113.68, low on the trading day $108.61, for a closing price at $113.45; Mechel Open Joint Stock Company (NYSE: MTL) shed 4.99 points on the trading day, high on the trading day $150.79, low on the trading day $142.50, for a closing price at $146.51; Flowserve Corporation (NYSE: FLS) shed 2.96 points on the trading day, high on the trading day $108.00, low on the trading day $105.22, for a closing price at $106.42.
News on the NASDAQ today: advanced stocks 598; declined stocks 2,310; unchanged stocks 141; stocks hitting new highs 10; stocks hitting new lows 122. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Apple Incorporated (NasdaqGS: AAPL) shed 7.33 points on the trading day, high on the trading day $153.30, low on the trading day $146.40, closing price $147.12; Research In Motion Limited (NasdaqGS: RIMM) shed 4.57 points on the trading day, high on the trading day $119.77, low on the trading day $115.10, closing price $116.11; First Solar, Incorporated (NasdaqGS: FSLR) shed 1.16 points on the trading day, high on the trading day $274.25, low on the trading day $265.86, closing price $270.03; Intuitive Surgical, Incorporated (NasdaqGS: ISRG) shed 16.23 points on the trading day, high on the trading day $347.02, low on the trading day $330.23, closing price $337.64; Google Incorporated (NasdaqGS: GOOG) shed 8.02 points on the trading day, high on the trading day $467.26, low on the trading day $455.01, closing price $461.05.
News on the American Stock Exchange (AMEX) today: advanced stocks 384; declined stocks 810; unchanged stocks 95; stocks hitting new highs 4; stocks hitting new lows 25.
U.S. March Import Prices rose by 2.8% compared to consensus of an increase by 2.1%; U.S. March Non-Petroleum Import Prices rose 1.1%; U.S. March Petroleum Import Prices rose 9.1%.
University of Michigan Consumer Sentiment: 5-Yr Inflation Forecast increased 3.1% compared to March increase by 2.9%; University of Michigan Mid-April Sentiment came in at 63.2 compared to March reading at 69.5; University of Michigan Mid-April Current Index came in at 78.4 compared to March reading of 84.2; University of Michigan Mid-April Expectations came in at 53.4 compared to March reading of 60.1; University of Michigan 12-Month Inflation Forecast increased 4.8%compared to March increase by 4.3%.
Commodities Markets
Energy Sector:
Light Crude (NYM) shed $0.76 on the day to close at $109.35 a barrel ($US per bbl.); Heating Oil (NYM) shed $0.02 on the day to close at $3.18 a gallon ($US per gal.); Natural Gas (NYM) shed $0.22 on the day to close at $9.88 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.02 on the day to close at $2.77 a gallon ($US per gal.).
Metals Markets:
Gold (CMX) shed $4.80 to close at $927.00 ($US per Troy oz.); Silver (CMX) shed $0.35 to close at $17.69 ($US per Troy oz.); Platinum (NYM) shed $16.90 to close at $2,028.10 ($US per Troy oz.) and Copper (CMX) gained $0.02 to close at $3.94 ($US per lb.).
Livestock and Meat Markets (cents per lb.):
Lean Hogs (CME) gained 1.05 to close at 71.20; Pork Bellies (CME) gained 3.00 to close at 74.38; Live Cattle (CME) shed 0.03 to close at 89.78; Feeder Cattle (CME) gained 0.70 to close at 103.05.
Other Commodities (cents per bu.):
Corn (CBT) shed 10.50 to close the session at 597.00 and Soybeans (CBT) shed 22.75 to close the session at 1,350.00.
Bonds were higher across the board today:
2 year bond gained 6/32 at 100 with a Yield of 1.74, Yield Change 0.09; 5 year bond gained 17/32 to close at 99 22/32 with a Yield of 2.56, Yield Change 0.11; 10 year bond gained 21/32 to close at 100 10/32 with a Yield of 3.46, Yield Change 0.05; the 30 year bond gained 28/32 to close at 101 10/32 on the day with a Yield of 4.29, Yield Change 0.05.
The e-mini Dow $5 ended the commodity session today at 12,317 with a loss of 283 points on the trading session. The total Dow Exchange Volume for the day came in at 145,301 which is comprised of Electronic, Open Auction and Cash Exchange. 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.
The end of day results for the CBOT (Chicago Board of Trade) which is comprised of the total Exchange Volume for Futures and Options (EVFO) including Electronic, Open Auction, Cash Exchange, Wholesale and Cleared Only ended the day at 3,533,826; Open Interest for Futures shed 19,123 points to close at 9,356,410; the Open Interest for Options gained 72,080 points to close at 9,007,445 and the Cleared Only gained 484 points to close at 29,609 for a total Open Interest on the day of 18,393,464 for a total Change on the day with a gain of 53,441 points.
At the close of the week, performance results for our Moderators:
Stocks Trading Room:
Jeannie - $4,765
Barry - $10,236
Marty - $2,843
Sam - $3,068
Futures Trading Room:
JT - $5,951.25
Forex Trading Room:
JT - $4,550
Daily Swing Trades:
Barry - $11,630
Weekly Swing Trades:
Jeannie - $3,750
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
General Electric (NYSE: GE) disappointed the street with a 6% decline in their first quarter profits. Generally a pillar of Wall Street, GE shook up the street after they announced they missed their estimates.(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 loss of 252.73 points on the day to end the session at 12,329.25
NYSE (New York Stock Exchange) triple digit loss of 160.75 points to end the session at 8,936.11
NASDAQ loss of 60.32 points for a close at 2,291.38
S&P 500 loss of 27.24 points for a close at 1,333.31
FTSE All-World ex-U.S. loss of 2.16 points to close at 242.90
FTSE RAFI 1000 triple digit loss of 111.91 points to close at 5,372.25
BEL 20 loss of 45.18 points on the day to end the session at 3,802.02
CAC 40 loss of 61.49 points on the day to end the session at 4,797.93
FTSE100 loss of 69.6 points on the day to end the session at 5,895.50
NIKKEI 225 gain of 378.40 points on the day to end the session at 13,323.70
News on the New York Stock Exchange (NYSE) today: advanced stocks 614; declined stocks 2,543; unchanged stocks 87; stocks hitting new highs 26; stocks hitting new lows 54. Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today: MEMC Electronic Materials Incorporated (NYSE: WFR) shed 3.01 points on the trading day, high on the trading day $75.98, low on the trading day $73.22, for a closing price at $73.43; NAVTEQ Corporation (NYSE: NVT) shed 3.70 points on the trading day, high on the trading day $67.75, low on the trading day $64.55, for a closing price at $67.27; Precision Castparts Corporation (NYSE: PCP) shed 3.36 points on the trading day, high on the trading day $112.49, low on the trading day $109.51, for a closing price at $110.25; Varian Medical Systems Incorporated (NYSE: VAR) shed 3.35 points on the trading day, high on the trading day $49.00, low on the trading day $45.76, for a closing price at $46.96; ITT Educational Services Incorporated (NYSE: ESI) shed 1.96 points on the trading day, high on the trading day $62.73, low on the trading day $59.71, for a closing price at $60.69; Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 0.37 points on the trading day, high on the trading day $180.20, low on the trading day $175.51, for a closing price at $178.47; CF Industries Holdings, Incorporated (NYSE: CF) gained 1.33 points on the trading day, high on the trading day $140.06, low on the trading day $133.12, for a closing price at $138.43; General Electric Corporation (NYSE: GE) shed 4.70 points on the trading day, high on the trading day $33.01, low on the trading day $31.81, for a closing price at $32.05; UltraShort Financials ProShares (NYSE: SKF) gained 3.70 points on the trading day, high on the trading day $113.68, low on the trading day $108.61, for a closing price at $113.45; Mechel Open Joint Stock Company (NYSE: MTL) shed 4.99 points on the trading day, high on the trading day $150.79, low on the trading day $142.50, for a closing price at $146.51; Flowserve Corporation (NYSE: FLS) shed 2.96 points on the trading day, high on the trading day $108.00, low on the trading day $105.22, for a closing price at $106.42.
News on the NASDAQ today: advanced stocks 598; declined stocks 2,310; unchanged stocks 141; stocks hitting new highs 10; stocks hitting new lows 122. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Apple Incorporated (NasdaqGS: AAPL) shed 7.33 points on the trading day, high on the trading day $153.30, low on the trading day $146.40, closing price $147.12; Research In Motion Limited (NasdaqGS: RIMM) shed 4.57 points on the trading day, high on the trading day $119.77, low on the trading day $115.10, closing price $116.11; First Solar, Incorporated (NasdaqGS: FSLR) shed 1.16 points on the trading day, high on the trading day $274.25, low on the trading day $265.86, closing price $270.03; Intuitive Surgical, Incorporated (NasdaqGS: ISRG) shed 16.23 points on the trading day, high on the trading day $347.02, low on the trading day $330.23, closing price $337.64; Google Incorporated (NasdaqGS: GOOG) shed 8.02 points on the trading day, high on the trading day $467.26, low on the trading day $455.01, closing price $461.05.
News on the American Stock Exchange (AMEX) today: advanced stocks 384; declined stocks 810; unchanged stocks 95; stocks hitting new highs 4; stocks hitting new lows 25.
U.S. March Import Prices rose by 2.8% compared to consensus of an increase by 2.1%; U.S. March Non-Petroleum Import Prices rose 1.1%; U.S. March Petroleum Import Prices rose 9.1%.
University of Michigan Consumer Sentiment: 5-Yr Inflation Forecast increased 3.1% compared to March increase by 2.9%; University of Michigan Mid-April Sentiment came in at 63.2 compared to March reading at 69.5; University of Michigan Mid-April Current Index came in at 78.4 compared to March reading of 84.2; University of Michigan Mid-April Expectations came in at 53.4 compared to March reading of 60.1; University of Michigan 12-Month Inflation Forecast increased 4.8%compared to March increase by 4.3%.
Commodities Markets
Energy Sector:
Light Crude (NYM) shed $0.76 on the day to close at $109.35 a barrel ($US per bbl.); Heating Oil (NYM) shed $0.02 on the day to close at $3.18 a gallon ($US per gal.); Natural Gas (NYM) shed $0.22 on the day to close at $9.88 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.02 on the day to close at $2.77 a gallon ($US per gal.).
Metals Markets:
Gold (CMX) shed $4.80 to close at $927.00 ($US per Troy oz.); Silver (CMX) shed $0.35 to close at $17.69 ($US per Troy oz.); Platinum (NYM) shed $16.90 to close at $2,028.10 ($US per Troy oz.) and Copper (CMX) gained $0.02 to close at $3.94 ($US per lb.).
Livestock and Meat Markets (cents per lb.):
Lean Hogs (CME) gained 1.05 to close at 71.20; Pork Bellies (CME) gained 3.00 to close at 74.38; Live Cattle (CME) shed 0.03 to close at 89.78; Feeder Cattle (CME) gained 0.70 to close at 103.05.
Other Commodities (cents per bu.):
Corn (CBT) shed 10.50 to close the session at 597.00 and Soybeans (CBT) shed 22.75 to close the session at 1,350.00.
Bonds were higher across the board today:
2 year bond gained 6/32 at 100 with a Yield of 1.74, Yield Change 0.09; 5 year bond gained 17/32 to close at 99 22/32 with a Yield of 2.56, Yield Change 0.11; 10 year bond gained 21/32 to close at 100 10/32 with a Yield of 3.46, Yield Change 0.05; the 30 year bond gained 28/32 to close at 101 10/32 on the day with a Yield of 4.29, Yield Change 0.05.
The e-mini Dow $5 ended the commodity session today at 12,317 with a loss of 283 points on the trading session. The total Dow Exchange Volume for the day came in at 145,301 which is comprised of Electronic, Open Auction and Cash Exchange. 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.
The end of day results for the CBOT (Chicago Board of Trade) which is comprised of the total Exchange Volume for Futures and Options (EVFO) including Electronic, Open Auction, Cash Exchange, Wholesale and Cleared Only ended the day at 3,533,826; Open Interest for Futures shed 19,123 points to close at 9,356,410; the Open Interest for Options gained 72,080 points to close at 9,007,445 and the Cleared Only gained 484 points to close at 29,609 for a total Open Interest on the day of 18,393,464 for a total Change on the day with a gain of 53,441 points.
At the close of the week, performance results for our Moderators:
Stocks Trading Room:
Jeannie - $4,765
Barry - $10,236
Marty - $2,843
Sam - $3,068
Futures Trading Room:
JT - $5,951.25
Forex Trading Room:
JT - $4,550
Daily Swing Trades:
Barry - $11,630
Weekly Swing Trades:
Jeannie - $3,750
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
