Message #113 From:
MTnews Date: May 5, 2008 06:40:56 PM
Rumor Mill
Daily Market Commentary for May 5, 2008 from Millennium-Traders.Com
Yahoo ended the day lower by over 4 points and Microsoft was lower by less than a quarter point at the closing bell. Rumor mill has it that Yahoo shareholders may initiate a lawsuit since the price offered by Microsoft, was appealing to them. (read more http://www.millennium-traders.com/news/newscommentary.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) loss 89.23 points on the day to end the session at 12,968.97
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,336; declined stocks 1,799; unchanged stocks 107; stocks hitting new highs 39; stocks hitting new lows 25. Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today: Walter Industries Incorporated (NYSE: WLT) gained 8.63 points on the trading day, high on the trading day $83.99, low on the trading day $75.00, for a closing price at $81.58; Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 7.28 points on the trading day, high on the trading day $193.96, low on the trading day $187.75, for a closing price at $193.89; Freeport-McMoRan Copper & Gold Incorporated (NYSE: FCX) gained 5.76 points on the trading day, high on the trading day $116.74, low on the trading day $114.00, for a closing price at $115.99; XL Capital Limited (NYSE: XL) shed 3.21 points on the trading day, high on the trading day $37.34, low on the trading day $34.40, for a closing price at $34.57; CME Group, Incorporated (NYSE: CME) gained 1.96 points on the trading day, high on the trading day $499.52, low on the trading day $485.04, for a closing price at $489.35; Fluor Corporation (NYSE: FLR) gained 5.17 points on the trading day, high on the trading day $158.81, low on the trading day $152.82, for a closing price at $157.99; ResMed Incorporated (NYSE: RMD) shed 1.50 points on the trading day, high on the trading day $41.40, low on the trading day $39.60, for a closing price at $40.00; ITT Educational Services Incorporated (NYSE: ESI) shed 3.05 points on the trading day, high on the trading day $76.85, low on the trading day $72.08, for a closing price at $73.33; Tidewater Incorporated (NYSE: TDW) shed 6.44 points on the trading day, high on the trading day $62.78, low on the trading day $57.08, for a closing price at $58.55; Monsanto Corporation (NYSE: MON) gained 2.69 points on the trading day, high on the trading day $118.12, low on the trading day $115.40, for a closing price at $117.91; AGCO Corporation (NYSE: AG) shed 3.61 points on the trading day, high on the trading day $59.61, low on the trading day $54.68, for a closing price at $55.57; InterContinental Exchange, Incorporated (NYSE: ICE) gained 1.44 points on the trading day, high on the trading day $164.00, low on the trading day $159.01, for a closing price at $162.56; Hewitt Associates Incorporated (NYSE: HEW) shed 4.48 points on the trading day, high on the trading day $41.27, low on the trading day $37.32, for a closing price at $37.42; Cleveland-Cliffs Incorporated (NYSE: CLF) gained 9.63 points on the trading day, high on the trading day $168.63, low on the trading day $157.99, for a closing price at $167.22; Continental Resources Incorporated (NYSE: CLR) gained 7.14 points on the trading day, high on the trading day $52.15, low on the trading day $46.50, for a closing price at $50.97.
News on the NASDAQ today: advanced stocks 1,241; declined stocks 1,637; unchanged stocks 161; stocks hitting new highs 42; stocks hitting new lows 78. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Zoltek Companies Incorporated (NasdaqGS: ZOLT) shed 2.37 points on the trading day, high on the trading day $28.69, low on the trading day $20.14, for a closing price at $25.20; iPCS Incorporated (NasdaqGS: IPCS) shed 4.27 points on the trading day, high on the trading day $32.27, low on the trading day $26.82, for a closing price at $27.59; Blue Nile Incorporated (NasdaqGS: NILE) shed 5.42 points on the trading day, high on the trading day $53.85, low on the trading day $47.76, for a closing price at $47.76; Yahoo! Incorporated (NasdaqGS: YHOO) shed 4.30 points on the trading day, high on the trading day $24.93, low on the trading day $22.97, for a closing price at $24.37; HMS Holdings Corporation (NasdaqGS: HMSY) shed 6.11 points on the trading day, high on the trading day $26.43, low on the trading day $18.23, for a closing price at $20.06; Baidu.com, Incorporated (NasdaqGS: BIDU) gained 12.35 points on the trading day, high on the trading day $378.11, low on the trading day $361.01, for a closing price at $373.85; Intuitive Surgical, Incorporated (NasdaqGS: ISRG) gained 4.72 points on the trading day, high on the trading day $297.70, low on the trading day $288.00, for a closing price at $294.75; Apple Incorporated (NasdaqGS: AAPL) gained 3.79 points on the trading day, high on the trading day $185.31, low on the trading day $181.05, for a closing price at $184.73; Mercadolibre, Incorporated (NasdaqGS: MELI) gained 6.01 points on the trading day, high on the trading day $56.78, low on the trading day $50.23, for a closing price at $56.00; Research In Motion Limited (NasdaqGS: RIMM) gained 1.26 points on the trading day, high on the trading day $135.85, low on the trading day $131.73, for a closing price at $133.18; Google Incorporated (NasdaqGS: GOOG) gained 13.91 points on the trading day, high on the trading day $599.00, low on the trading day $587.13, for a closing price at $594.90; First Solar, Incorporated (NasdaqGS: FSLR) shed 7.42 points on the trading day, high on the trading day $274.94, low on the trading day $262.16, for a closing price at $268.82; Dynamic Materials Corporation (NasdaqGS: BOOM) shed 2.18 points on the trading day, high on the trading day $36.39, low on the trading day $34.04, for a closing price at $34.20.
News on the American Stock Exchange (AMEX) today: advanced stocks 506; declined stocks 628; unchanged stocks 102; stocks hitting new highs 20; stocks hitting new lows 21.
U.S. Institute for Supply Management (ISM) April Non-Manufacturing New Orders Index came in at 50.1 versus March reading at 50.2; U.S. ISM Apr Non-Manufacturing Prices Index came in at 72.1 versus March reading at 70.8; U.S. ISM Apr Non-Manufacturing Employment Index came in at 50.8 versus March reading at 46.9; U.S. ISM Apr Non-Manufacturing Business Index came in at 50.9 versus March reading at 52.2; U.S. ISM Apr Non-Manufacturing Composite Index came in at 52.0 versus March reading at 49.6; U.S. ISM Apr Non-Manufacturing Business Index came in at 50.9; U.S. ISM Apr Non-Manufacturing Composite Index expected to come in at 49.8; U.S. ISM Apr Non-Manufacturing Composite Index came in at 52.0.
Commodities Markets Energy Sector: Light Crude (NYM) gained $3.65 on the day to close at $119.97 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.09 on the day to close at $3.31 a gallon ($US per gal.); Natural Gas (NYM) gained $0.40 on the day to close at $11.18 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.09 on the day to close at $3.05 a gallon ($US per gal.).
Metals Markets: Gold (CMX) gained $16.20 to close at $874.20 ($US per Troy oz.); Silver (CMX) gained $0.37 to close at $16.83 ($US per Troy oz.); Platinum (NYM) gained $19.20 to close at $1,927.40 ($US per Troy oz.) and Copper (CMX) gained $0.13 to close at $3.95 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 1.25 to close at 73.20; Pork Bellies (CME) gained 0.15 to close at 74.85; Live Cattle (CME) shed 0.93 to close at 91.20; Feeder Cattle (CME) gained 0.10 to close at 108.25.
Other Commodities (cents per bu.): Corn (CBT) shed 3.75 to close the session at 594.00 and Soybeans (CBT) gained 33.50 to close the session at 1,286.00.
Bonds were higher across the board today: 2 year bond gained 2/32 to close at 99 13/32 with a Yield of 2.42, Yield Change -0.04; 5 year bond gained 3/32 to close at 99 27/32 with a Yield of 3.15, Yield Change -0.02; 10 year bond closed at 97 3/32 with a Yield of 3.85, Yield Change 0.00; the 30 year bond shed 6/32 to close at 96 16/32 on the day with a Yield of 4.59, Yield Change +0.02.
The e-mini Dow $5 ended the commodity session today at 12,953 with a loss of 107 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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