Market Economy

[MTnews]

Daily Market Commentary for August 1, 2008 from

So how are soaring energy and food prices really effecting consumers? For weeks and months, the economic situation in the country has been painted as very gloomy. ()

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 48.77 points on the day to end the trading session at 11,329.25
NYSE (New York Stock Exchange) loss of 59.48 points to end the trading session at 8,379.16
NASDAQ loss of 14.59 points to end the trading session at 2,310.96
S&P 500 loss of 6.97 points to end the trading session at 1,260.41
FTSE All-World excluding - U.S. loss of 2.27 points to end the trading session at 223.75
FTSE RAFI 1000 loss of 3.77 points to end the trading session at 4,974.66
BEL 20 (BEL20) loss of 10.83 points to end the trading session at 2,983.55
CAC 40 (CAC40) loss of 78.02 points to end the trading session at 4,314.34
FTSE100 (UKX100) loss of 57.2 points to end the trading session at 5,354.70
NIKKEI 225 (NIK/O) triple digit loss of 282.22 points on the day to end the trading session at 13,094.59

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 1,559; declined stock prices 1,599; unchanged stock prices 93; stock prices hitting new highs 25 and stock prices hitting new lows 80.
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: IntercontinentalExchange Incorporated (NYSE: ICE) stock price shed 3.60 points on the trading session, high on the trading session $101.07, low on the trading session $91.60 for a closing stock price at $96.20; NYSE Euronext (NYSE: NYX) stock price shed 6.09 points on the trading session, high on the trading session $44.95, low on the trading session $40.01 for a closing stock price at $41.15; Potash Corporation Saskatchewan (NYSE: POT) stock price shed 3.21 points on the trading session, high on the trading session $208.99, low on the trading session $198.73 for a closing stock price at $201.06; Ambac Financial Group Incorporated (NYSE: ABK) stock price gained 1.27 points on the trading session, high on the trading session $4.15, low on the trading session $2.86 for a closing stock price at $3.79; CME Group Incorporated (NYSE: CME) stock price shed 28.01 points on the trading session, high on the trading session $362.57, low on the trading session $326.44 for a closing stock price at $332.11; Nucor Corporation (NYSE: NUE) stock price shed 3.44 points on the trading session, high on the trading session $57.77, low on the trading session $53.57 for a closing stock price at $53.78; MasterCard Incorporated (NYSE: MA) stock price shed 6.88 points on the trading session, high on the trading session $242.65, low on the trading session $225.49 for a closing stock price at $237.27; CONSOL Energy Incorporated (NYSE: CNX) stock price shed 6.54 points on the trading session, high on the trading session $75.09, low on the trading session $67.67 for a closing stock price at $67.85.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 1,406; declined stock prices 1,439; unchanged stock prices 137; stock prices hitting new highs 36; stock prices hitting new lows 93.
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: Biogen Idec Incorporated (NasdaqGS: BIIB) stock price shed 18.19 points on the trading session, high on the trading session $53.52, low on the trading session $49.84 for a closing stock price at $51.56; Intuitive Surgical Incorporated (NasdaqGS: ISRG) stock price shed 9.74 points on the trading session, high on the trading session $312.67, low on the trading session $299.79 for a closing stock price at $301.54.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 458; declined stock prices 674; unchanged stock prices 87; stock prices hitting new highs 10; stock prices hitting new lows 26.

Chicago Board of Trade Futures Market activity for the day, at time of this posting for September 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1,259.25, change -7.75
E-mini NASDAQ-100 (NQ) end of day price 1,831.50, change -22.25
E-mini S&P SmallCap 600 (SMP) end of day price 373.30, change 0.50
$5 DJIA (YM) end of day price 11,312, change -47

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6434 to U.S. Dollars 1.5542
Japanese Yen 107.75 to U.S. Dollars 0.0093
British Pound 0.5068 to U.S. Dollars 1.9734
Canadian Dollar 1.0271 to U.S. Dollars 0.9736
Swiss Franc 1.0509 to U.S. Dollars 0.9516

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) gained $1.02 on the day for a closing price of $125.10 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.02 on the day for a closing price of $3.44 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) gained $0.27 on the day for a closing price of $9.39 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) gained $0.01 on the day for a closing price of $3.08 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) shed $5.20 on the day for a closing price of $917.50 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.27 on the day for a closing price of $17.52 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $106.60 on the day for a closing price of $1,655.30 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.08 on the day for a closing price of $3.58 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.28 on the day for a closing price of 74.63
Pork Bellies (Chicago Mercantile Exchange: CME) shed 3.00 on the day for a closing price of 65.50
Live Cattle (Chicago Mercantile Exchange: CME) gained 1.50 on the day for a closing price of 107.80
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 2.38 on the day for a closing price of 117.70

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 22.50 on the day for a closing price of 585.00
Soybeans (Chicago Board of Trade: CBT) shed 39.00 on the day for a closing price of 1,366.00

Bond Market:
2 year bond had no change on the day for a closing price of 100 14/32 with a Yield of 2.51, Yield Change 0.00
5 year bond gained 2/32 on the day for a closing price of 100 22/32 with a Yield of 3.22, Yield Change -0.01
10 year bond gained 2/32 on the day for a closing price of 99 14/32 with a Yield of 3.93, Yield Change -0.02
30 year bond shed 4/32 on the day for a closing price of 96 28/32 with a Yield of 4.56, Yield Change -0.01

At the close of the week, performance results for our Moderators:

Stocks Trading Room:
Jeannie $9,263
Barry $16,714
Marty $6,652
Sam $2,915

Futures Trading Room:
JT $6,459.13

Forex Trading Room:
JT $10,550

Daily Swing Trades:
Barry $9,430

Weekly Swing Trades:
Jeannie $1,840

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