U.S. Economy

[MTnews]

Daily Market Commentary for October 14, 2008 from

Today, there is a lack of confidence in our financial system a lack of confidence that must be conquered because it poses an enormous threat to our economy. ()

Economic data released today: n/a

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) loss of 76.62 points on the day to end the trading session at 9,310.99
NYSE (New York Stock Exchange) loss of 20.43 points to end the trading session at 6,380.53
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 76.62 points to end the trading session at 1,779.01
S&P 500 loss of 5.34 points to end the trading session at 998.01
FTSE All-World excluding U.S. gain of 4.26 points to end the trading session at 166.94
FTSE RAFI 1000 gain of 15.75 points to end the trading session at 3,918.68
BEL 20 (BEL20) triple digit loss of 110.93 points to end the trading session at 2,213.87
CAC 40 (CAC40) gain of 97.02 points to end the trading session at 3,628.52
FTSE100 (UKX100) triple digit gain of 137.31 points to end the trading session at 4,394.21
NIKKEI 225 (NIK/O) quadruple digit gain of 1,171.14 points to end the trading session at 9,447.57 - for October 13

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 1,803 declined stock prices 1,470; unchanged stock prices 39; stock prices hitting new highs n/a and stock prices hitting new lows 1.
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: MasterCard Incorporated (NYSE: MA) stock price gained 0.47 points on the trading session, high on the trading session $184.30, low on the trading session $165.24 with a closing stock price at $174.07; Proshares Ultrashort (NYSE: EEV) stock price gained 9.75 points on the trading session, high on the trading session $110.37, low on the trading session $89.88 with a closing stock price at $105.00; Nucor Corporation (NYSE: NUE) stock price shed 5.09 points on the trading session, high on the trading session $41.36 low on the trading session $32.57 with a closing stock price at $34.20; State Street Corporation (NYSE: STT) stock price gained 8.34 points on the trading session, high on the trading session $58.05 low on the trading session $52.61 with a closing stock price at $56.69; Morgan Stanley (NYSE: MS) stock price gained 3.84 points on the trading session, high on the trading session $58.05, low on the trading session $20.55 with a closing stock price at $21.94; St. Green Realty Corporation (NYSE: SLG) stock price shed 6.87 points on the trading session, high on the trading session $56.29, low on the trading session $41.65 with a closing stock price at $46.88; Goldman Sachs Group Incorporated (NYSE: GS) stock price gained 11.90 points on the trading session, high on the trading session $128.00, low on the trading session $117.32 with a closing stock price at $122.90; Ultrashort Financial Corporation (NYSE: SKF) stock price shed 9.76 points on the trading session, high on the trading session $123.85, low on the trading session $105.66 with a closing stock price at $1140.06; ProShares UltraShort MidCap400 (NYSE: MZZ) stock price gained 2.94 points on the trading session, high on the trading session $95.21, low on the trading session $79.72 with a closing stock price at $90.31; CME Group Incorporated (NYSE: CME) stock price shed 13.04 points on the trading session, high on the trading session $419.00, low on the trading session $386.87 with a closing stock price at $398.40; Potash Corporation Saskatchewan (NYSE: POT) stock price shed 8.60 points on the trading session, high on the trading session $116.75, low on the trading session $96.69 with a closing stock price at $97.20; Agnico-Eagle Mines Limited (NYSE: AEM) stock price gained 4.36 points on the trading session, high on the trading session $46.10, low on the trading session $40.96 with a closing stock price at $44.15.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 1,153; declined stock prices 1,845; unchanged stock prices 82; stock prices hitting new highs 7; stock prices hitting new lows 104.
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: Rackable Systems Incorporated (NasdaqGS: RACK) stock price shed 1.17points on the trading session, high on the trading session $7.99, low on the trading session $7.15 with a closing stock price at $7.57; Baidu.com Incorporated (NasdaqGS: BIDU) stock price shed 15.80 points on the trading session, high on the trading session $274.83, low on the trading session $247.00 with a closing stock price at $250.25; Google Incorporated (NasdaqGS: GOOG) stock price shed 16.00 points on the trading session, high on the trading session $394.50, low on the trading session $357.00 with a closing stock price at $365.51.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 757; declined stock prices 488; unchanged stock prices 65; stock prices hitting new highs n/a stock prices hitting new lows 1.

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 1,006.75 change 4.50
E-mini NASDAQ-100 (NQ) end of day price 1,381.50, change 15.50
E-mini S&P SmallCap 600 (SMP) end of day price 300.80, change 0.00
$5 DJIA (YM) end of day price 9,393 change 31

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7337 to U.S. Dollars 1.3630
Japanese Yen 101.860 to U.S. Dollars 0.0098
British Pound 0.5744 to U.S. Dollars 1.7410
Canadian Dollar 1.1646 to U.S. Dollars 0.8587
Swiss Franc 1.1352 to U.S. Dollars 0.8809

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $2.56 on the day for a closing price of $78.63 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.08 on the day for a closing price of $2.29 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.01 on the day for a closing price of $7.32 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.03 on the day for a closing price of $1.88 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) shed $3.00 on the day for a closing price of $839.50 ($US per Troy ounce)
Silver (COMEX: CMX) gained $0.27 on the day for a closing price of $11.06 ($US per Troy ounce)
Platinum (NYMEX: NYM) gained $46.00 on the day for a closing price of $1,043.60 ($US per Troy ounce)
Copper (COMEX: CMX) gained $0.08 on the day for a closing price of $2.39 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 0.35 on the day for a closing price of 65.63
Pork Bellies (Chicago Mercantile Exchange: CME) shed 0.48 on the day for a closing price of 86.68
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.35 on the day for a closing price of 93.35
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 0.53 on the day for a closing price of 97.35

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 30.00 on the day for a closing price of 408.25
Soybeans (Chicago Board of Trade: CBT) shed 70.00 on the day for a closing price of 910.00

Bond Market:
2 year bond shed 13/32 on the day for a closing price of 100 10/32 with a Yield of 1.82, Yield Change 0.21
5 year bond shed 31/32 on the day for a closing price of 100 23/32 with a Yield of 2.96, Yield Change 0.21
10 year bond shed 1 17/32 on the day for a closing price of 99 14/32 with a Yield of 4.06, Yield Change 0.1
30 year bond shed 2 9/32 on the day for a closing price of 103 29/32 with a Yield of 4.26, Yield Change 0.13

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