Bull Market

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Daily Market Commentary for May 9, 2008 from

A quiet day on the street created a general lack luster trading session today. Crude Oil moved lower on the session today and we'll continue to monitor the gas situation for any potential dips that we're all hoping for, at the gas pump. ()

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 gain of 130.43 points on the day to end the session at 12,876.31
NYSE (New York Stock Exchange) gain of 90.00 points to end the session at 9,417.87
NASDAQ gain of 42.97 points for a close at 2,488.49
S&P 500 gain of 15.30 points for a close at 1,403.58
FTSE All-World ex-U.S. gain of 2.14 points to close at 253.10
FTSE RAFI 1000 gain of 68.32 points to close at 5,654.26
BEL 20 gain of 16.01 points to close at 3,842.92
CAC 40 gain of 15.65 points to close at 4,976.21
FTSE100 gain of 15.9 points to close at 6,220.6
NIKKEI 225 gain of 88.1 points to close at 13,743.4

News on the New York Stock Exchange (NYSE) today: advanced stocks 2,217; declined stocks 945; unchanged stocks 92; stocks hitting new highs 56; stocks hitting new lows 29. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: FedEx Corporation (NYSE: FDX) gained 0.13 points on the trading day, high on the trading day $91.10, low on the trading day $87.59, for a closing price at $90.50; Potash Corporation of Saskatchewan, Incorporated (NYSE: POT) gained 2.83 points on the trading day, high on the trading day $201.73, low on the trading day $195.20, for a closing price at $200.69; American International Group, Incorporated (NYSE: AIG) shed 1.91 points on the trading day, high on the trading day $41.15, low on the trading day $38.37, for a closing price at $38.37; Mastercard Incorporated (NYSE: MA) gained 3.41 points on the trading day, high on the trading day $292.98, low on the trading day $282.30, for a closing price at $290.26; EnCana Corporation (NYSE: ECA) gained 5.80 points on the trading day, high on the trading day $93.65, low on the trading day $89.50, for a closing price at $91.73; Hess Corporation (NYSE: HES) shed 0.54 points on the trading day, high on the trading day $116.32, low on the trading day $112.64, for a closing price at $115.20; Vulcan Materials Company (NYSE: VMC) gained 4.21 points on the trading day, high on the trading day $70.66, low on the trading day $66.80, for a closing price at $70.51; Visa Incorporated (NYSE: V) shed 0.96 points on the trading day, high on the trading day $84.48, low on the trading day $78.10, for a closing price at $81.90.

News on the NASDAQ today: advanced stocks 1,986; declined stocks 893; unchanged stocks 139; stocks hitting new highs 46; stocks hitting new lows 75. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Apple Incorporated (NasdaqGS: AAPL) gained 4.71 points on the trading day, high on the trading day $188.87, low on the trading day $182.85, for a closing price at $188.16; Sohu.com Incorporated (NasdaqGS: SOHU) gained 6.38 points on the trading day, high on the trading day $82.50, low on the trading day $75.16, for a closing price at $82.20; Sina Corporation (NasdaqGS: SINA) gained 3.05 points on the trading day, high on the trading day $51.90, low on the trading day $47.75, for a closing price at $51.205; DryShips, Incorporated (NasdaqGS: DRYS) gained 4.68 points on the trading day, high on the trading day $97.17, low on the trading day $92.40, for a closing price at $96.64; Research In Motion Limited (NasdaqGS: RIMM) gained 9.20 points on the trading day, high on the trading day $143.08, low on the trading day $135.65, for a closing price at $141.97; First Solar, Incorporated (NasdaqGS: FSLR) gained 0.34 points on the trading day, high on the trading day $288.00, low on the trading day $278.00, for a closing price at $284.84; Baidu.com, Incorporated (NasdaqGS: BIDU) gained 20.59 points on the trading day, high on the trading day $367.75, low on the trading day $343.10, for a closing price at $366.87.

News on the American Stock Exchange (AMEX) today: advanced stocks 716; declined stocks 448; unchanged stocks 110; stocks hitting new highs 33; stocks hitting new lows 28.

President Federal Reserve Bank of Chicago Charles L. Evans: 'Open Question' whether economy is in Recession; U.S. economy 'resilient' despite challenges; growth 'well undershooting' potential output; tough to keep inflation expectations anchored; soaring food and energy costs slowing economy; FOMC 'always monitoring' value of U.S. Dollar; core prices 'above where we'd like it to occur'; a 2nd Stimulus Package likely too late to help economy; Treasury