Daily Market Commentary for November 4, 2008 from Millennium-Traders.Com
Today will be a historical day for all Americans as well as, people around the world. (read more)
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Economic data released today:
Redbook:
U.S. Retail Sales were down 1.2 percent during the month of October versus September according to Redbook Research's latest indicator of national retail sales. The Johnson Redbook Index showed seasonally adjusted sales in the four-week period rose 0.6 percent compared to same time a year ago, compared with a targeted increase of 0.7%. Redbook said on an unadjusted basis, sales in the week ended November 1 were up
0.3 percent versus a year ago, following a gain of 0.7 percent a week earlier.
Factory Orders:
U.S. Factory Orders fell 2.5 percent in September compared to consensus of a drop by 0.6 percent; September Factory Orders, excluding Transportation fell 3.7 percent; September Factory Orders, excluding Defense fell 3.3 percent; September Durable Goods Revised to an increase by 0.9 percent from an increase by 0.8 percent; August Factory Orders Revised to a drop by 4.3 percent from a drop by 4.0 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 gain of 305.45 points on the day to end the trading session at 9,625.28
NYSE (New York Stock Exchange) gain of 86.06 points to end the trading session at 6,061.09
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 53.79 points to end the trading session at 1,780.12
S&P 500 gain of 39.44 points to end the trading session at 1,005.74
FTSE All-World excluding U.S. gain of 6.50 points to end the trading session at 162.10
FTSE RAFI 1000 triple digit gain of 124.34 points to end the trading session at 3,893.16
BEL 20 (BEL20) gain of 60.6 points to end the trading session at 2,233.66
CAC 40 (CAC40) triple digit gain of 163.12 points to end the trading session at 3,691.09
FTSE100 (UKX100) triple digit gain of 196.22 points to end the trading session at 4,639.50
NIKKEI 225 (NIK/O) triple digit gain of 537.62 points to end the trading session at 9,114.60
New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 2,513, declined stock prices 711; unchanged stock prices 48; stock prices hitting new highs 7 and stock prices hitting new lows 29. 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: First Energy Corporation (NYSE: FE) stock price gained 4.09 points on the trading session, high on the trading session $58.15, low on the trading session $54.50 with a closing stock price at $57.30; Automatic Data Processing Corporation (NYSE: ADP) stock price gained 2.69 points on the trading session, high on the trading session $36.44, low on the trading session $33.51 with a closing stock price at $35.96; EOG Resources Incorporated (NYSE: EOG) stock price gained 8.38 points on the trading session, high on the trading session $85.50, low on the trading session $77.56 with a closing stock price at $84.16; Stifel Financial Corporation (NYSE: SF) stock price gained 3.93 points on the trading session, high on the trading session $46.58, low on the trading session $42.96 with a closing stock price at $45.95; Mohawk Industries Incorporated (NYSE: MHK) stock price shed 0.97 points on the trading session, high on the trading session $44.65, low on the trading session $41.56 with a closing stock price at $44.35; Rio Tinto (NYSE: RTP) stock price gained 21.22 points on the trading session, high on the trading session $204.73, low on the trading session $190.48 with a closing stock price at $201.02; Alcon Incorporated (NYSE: ACL) stock price shed 2.68 points on the trading session, high on the trading session $99.23, low on the trading session $91.51 with a closing stock price at $93.50; MasterCard Incorporated (NYSE: MA) stock price gained 26.35 points on the trading session, high on the trading session $171.97, low on the trading session $155.61 with a closing stock price at $170.24; Ultrashort Financial ProShares Corporation (NYSE: SKF) stock price shed 13.27 points on the trading session, high on the trading session $120.44, low on the trading session $110.23 with a closing stock price at $110.73.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 1,858; declined stock prices 1,031; unchanged stock prices 124; stock prices hitting new highs 15; stock prices hitting new lows 68. 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: Myriad Genetics Incorporated (NasdaqGS: MYGN) stock price gained 7.62 points on the trading session, high on the trading session $71.94, low on the trading session $66.02 with a closing stock price at $69.75; Google Incorporated (NasdaqGS: GOOG) stock price gained 19.91 points on the trading session, high on the trading session $372.36, low on the trading session $345.50 with a closing stock price at $366.40.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 738; declined stock prices 303; unchanged stock prices 71; stock prices hitting new highs 1 and stock prices hitting new lows 18.
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 1,002.25 change 32.75
E-mini NASDAQ-100 (NQ) end of day price 1,378.75 change 37.25
E-mini S&P SmallCap 600 (SMP) end of day price 290.80 change 1.30
$5 DJIA (YM) end of day price 9,586 change 254
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7686 to U.S. Dollars 1.3010
Japanese Yen 99.70 to U.S. Dollars 0.010
British Pound 0.6253 to U.S. Dollars 1.5993
Canadian Dollar 1.1506 to U.S. Dollars 0.8691
Swiss Franc 1.1613 to U.S. Dollars 0.8611
Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) gained $7.59 on the day for a closing price of $71.50 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) gained $0.18 on the day for a closing price of $2.16 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) gained $0.36 on the day for a closing price of $7.45 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) gained $0.17 on the day for a closing price of $1.53 a gallon ($US per gallon)
Metals Markets:
Gold Market Price (COMEX: CMX) gained $30.50 on the day for a closing price of $757.30 ($US per Troy ounce)
Silver (COMEX: CMX) gained $0.38 on the day for a closing price of $10.13 ($US per Troy ounce)
Platinum (NYMEX: NYM) gained $30.60 on the day for a closing price of $857.70 ($US per Troy ounce)
Copper (COMEX: CMX) gained $0.12 on the day for a closing price of $1.96 ($US per pound)
Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.03 on the day for a closing price of 54.43
Pork Bellies (Chicago Mercantile Exchange: CME) gained 0.75 on the day for a closing price of 84.65
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.53 on the day for a closing price of 93.85
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 1.13 on the day for a closing price of 100.30
Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 10.00 on the day for a closing price of 413.00
Soybeans (Chicago Board of Trade: CBT) gained 21.50 on the day for a closing price of 959.00
Bond Market:
2 year bond gained 4/32 on the day for a closing price of 100 7/32 with a Yield of 1.38, Yield Change -0.06
5 year bond gained 25/32 on the day for a closing price of 101 with a Yield of 2.53, Yield Change -0.16
10 year bond gained 1 14/32 on the day for a closing price of 102 4/32 with a Yield of 3.73, Yield Change -0.18
30 year bond shed 1 31/32 on the day for a closing price of 104 31/32 with a Yield of 4.20, Yield Change -0.11
Thanks for reading
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