Daily Market Commentary for June 12, 2008 from Millennium-Traders.Com
Trading action on the street today was painfully slow and sludgy. Snug trading ranges and weak trading volume hampered the ability for day traders or traders to deal with the listless trading action. (read more) http://www.millennium-traders.com/ne...ommentary.aspx
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) gain of 57.81 points on the day to end the session at 12,141.58
NYSE (New York Stock Exchange) gain of 6.46 points to end the session at 8,947.73
NASDAQ gain of 10.34 points for a close at 2,404.35
S&P 500 gain of 4.38 points for a close at 1,339.87
FTSE All-World ex-U.S. loss of 0.94 points to close at 239.82
FTSE RAFI 1000 gain of 30.20 points for a close at 5,297.23
BEL 20 gain of 38.8 points to close at 3,585.69
CAC 40 gain of 11.39 points to close at 4,672.30
FTSE100 gain of 67.2 points to close at 5,790.5
NIKKEI 225 triple digit loss of 249.9 points to close at 13,888.6
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,587; declined stocks 1,568; unchanged stocks 96; stocks hitting new highs 26; stocks hitting new lows 155. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: Mosaic Company (NYSE: MOS) shed 2.14 points on the trading day, high on the trading day $150.49, low on the trading day $145.52 for a closing price at $147.49; Cummins Incorporated (NYSE: CMI) gained 6.25 points on the trading day, high on the trading day $72.89, low on the trading day $67.28 for a closing price at $69.38; Petroleo Brasileiro SA (NYSE: PBR) gained 0.33 points on the trading day, high on the trading day $67.65, low on the trading day $65.84 for a closing price at $66.51; Transocean Incorporated (NYSE: RIG) shed 1.03 points on the trading day, high on the trading day $146.50, low on the trading day $143.00 for a closing price at $144.48; CME Group Incorporated (NYSE: CME) gained 10.60 points on the trading day, high on the trading day $407.27, low on the trading day $390.00 for a closing price at $396.60; KeyCorp (NYSE: KEY) shed 3.73 points on the trading day, high on the trading day $14.45, low on the trading day $11.64 for a closing price at $11.98; Lehman Brothers Holdings Incorporated (NYSE: LEH) shed 1.05 points on the trading day, high on the trading day $24.55, low on the trading day $21.17 for a closing price at $22.70; Companhia de Bebidas das Americas (NYSE: ABV) gained 5.60 points on the trading day, high on the trading day $73.28, low on the trading day $63.90 for a closing price at $70.00; Hess Corp (NYSE: HES) shed 2.13 points on the trading day, high on the trading day $125.27, low on the trading day $121.47 for a closing price at $123.65; Potash Corporation Saskatchewan (NYSE: POT) shed 0.52 points on the trading day, high on the trading day $224.20, low on the trading day $217.67 for a closing price at $222.58.
News on the NASDAQ today: advanced stocks 1,564 declined stocks 1,330; unchanged stocks 132; stocks hitting new highs 26; stocks hitting new lows 158. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Invitrogen Corporation (NasdaqGS: IVGN) shed 4.62 points on the trading day, high on the trading day $41.61, low on the trading day $38.22 for a closing price at $38.73; Google Incorporated (NasdaqGS: GOOG) gained 7.75 points on the trading day, high on the trading day $558.00, low on the trading day $546.88 for a closing price at $552.95; Baidu.com (NasdaqGS: BIDU) shed 3.93 points on the trading day, high on the trading day $332.89, low on the trading day $310.50 for a closing price at $315.05; First Solar, Incorporated (NasdaqGS: FSLR) gained 8.61 points on the trading day, high on the trading day $272.49, low on the trading day $260.43 for a closing price at $261.80.
News on the American Stock Exchange (AMEX) today: advanced stocks 484; declined stocks 680; unchanged stocks 101; stocks hitting new highs 22; stocks hitting new lows 32.
U.S. Jobless Claims rose 25K to 384K for week of June 7 compared to survey of an increase by 9K; U.S. Continuing Claims for week of May 31 rose 58K to 3,139,000; U.S. Jobless Claims Revised for week of May 31 at 359K from 357K; Memorial Day Volatility may be factor in rise in jobless claims.
U.S. May Import Prices rose 2.3% compared to consensus of an increase by 2.6%; U.S. May Petroleum Import Prices rose 7.8%; U.S. May Retail & Food Sales rose 1.0% compared to consensus of an increase by 0.5%; U.S. May Retail & Food Sales Excluding-Autos rose 1.2%; April Retail & Food Sales revised to an increase by 0.4% from a decrease by 0.2%; U.S. Import Prices soar signaling rising inflation pressures.
Commodities Markets
Energy Sector: Light Crude (NYM) gained $0.36 on the day to close at $136.74 a barrel ($US per bbl.); Heating Oil (NYM) shed $0.03 on the day to close at $3.94 a gallon ($US per gal.); Natural Gas (NYM) gained $0.14 on the day to close at $12.80 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.06 on the day to close at $3.53 a gallon ($US per gal.).
Metals Markets: Gold (CMX) shed $10.90 to close at $872.00 ($US per Troy oz.); Silver (CMX) shed $0.37 to close at $16.49 ($US per Troy oz.); Platinum (NYM) shed $11.20 on the day to close at $2,025.90 ($US per Troy oz.) and Copper (CMX) shed $0.04 on the day to close at $3.54 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.51 to close at 74.10; Pork Bellies (CME) shed 0.23 to close at 73.33; Live Cattle (CME) gained 0.75 to close at 101.60; Feeder Cattle (CME) gained 0.23 to close at 109.05.
Other Commodities (cents per bu.): Corn (CBT) gained 6.75 to close the session at 739.50 and Soybeans (CBT) gained 3.50 to close session at 1,512.50.
Bond action for the day: 2 year bond shed 15/32 on the day to close at 99 5/32 with a Yield of 3.06, Yield Change +0.25; 5 year bond shed 1 2/32 to close at 99 2/32 with a Yield of 3.70, Yield Change +0.23; 10 year bond shed 22/32 to close at 97 9/32 with a Yield of 4.22, Yield Change +0.15; the 30 year bond shed 1 4/32 to close at 93 23/32 on the day with a Yield of 4.77, Yield Change +0.08.
The e-mini Dow $5 ended the commodity session today at 12,131 with a gain of 29 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.
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