At the closing bell, Lindsay had shed almost 5 points and its financials are scheduled to be released tomorrow before the opening bell. Lindsay is tied to the agriculture industry and provides large irrigation systems throughout the industry, worldwide. (read more)
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 loss of 108.78 points on the day to end the session at 12,160.30 NYSE (New York Stock Exchange) loss of 13.47 points to end the session at 9,074.41 NASDAQ loss of 17.05 points for a close at 2,457.73 S&P 500 loss of 9.21 points for a close at 1,350.93 FTSE All-World ex-U.S. gain of 0.49 points to close at 243.32 FTSE RAFI 1000 loss of 53.20 points for a close at 5,329.65 BEL 20 gain of 15.2 points to close at 3,581.80 CAC 40 gain of 28.59 points to close at 4,686.33 FTSE100 gain of 67.3 points to close at 5,861.9 NIKKEI 225 gain of 6 points to close at 14,348.4
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,283; declined stocks 1,860; unchanged stocks 102; stocks hitting new highs 94; stocks hitting new lows 90. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: CME Group Incorporated (NYSE: CME) gained 22.41 points on the trading day, high on the trading day $450.96, low on the trading day $435.00 for a closing price at $441.82; Mosaic Company (NYSE: MOS) gained 7.64 points on the trading day, high on the trading day $161.25, low on the trading day $153.13 for a closing price at $161.08; CF Industries Holdings Incorporated (NYSE: CF) gained 8.99 points on the trading day, high on the trading day $170.23, low on the trading day $161.98 for a closing price at $169.62; Walter Industries (NYSE: WLT) gained 3.22 points on the trading day, high on the trading day $105.02, low on the trading day $99.66 for a closing price at $102.72; Bunge Limited (NYSE: BG) gained 0.93 points on the trading day, high on the trading day $124.00, low on the trading day $120.42 for a closing price at $122.74; SunTrust Banks Incorporated (NYSE: STI) shed 3.94 points on the trading day, high on the trading day $45.03, low on the trading day $40.56 for a closing price at $40.61; Potash Corporation Saskatchewan (NYSE: POT) gained 9.37 points on the trading day, high on the trading day $240.00, low on the trading day $231.88 for a closing price at $239.50; Goldman Sachs Group Incorporated (NYSE: GS) shed 2.65 points on the trading day, high on the trading day $185.89, low on the trading day $179.14 for a closing price at $179.44; MasterCard Incorporated (NYSE: MA) shed 2.26 points on the trading day, high on the trading day $299.84, low on the trading day $290.33 for a closing price at $292.21; Elan Corporation plc (NYSE: ELN) gained 2.89 points on the trading day, high on the trading day $30.03, low on the trading day $27.55 for a closing price at $30.00; Comstock Resources Incorporated (NYSE: CRK) gained 4.77 points on the trading day, high on the trading day $75.34, low on the trading day $70.86 for a closing price at $74.15; Monsanto Company (NYSE: MON) gained 6.77 points on the trading day, high on the trading day $143.75, low on the trading day $137.12 for a closing price at $142.69; Lindsay Corporation (NYSE: LNN) shed 4.72 points on the trading day, high on the trading day $130.49, low on the trading day $118.66 for a closing price at $124.43.
News on the NASDAQ today: advanced stocks 1,052 declined stocks 1,829; unchanged stocks 150; stocks hitting new highs 49; stocks hitting new lows 122. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Canadian Solar Incorporated (NasdaqGS: CSIQ) gained 4.64 points on the trading day, high on the trading day $49.24, low on the trading day $45.87 for a closing price at $47.10; Infinera Corporation (NasdaqGS: INFN) shed 3.84 points on the trading day, high on the trading day $10.50, low on the trading day $9.52 for a closing price at $9.96; Joseph B Bank Clothiers Incorporated (NasdaqGS: JOSB) shed 0.28 points on the trading day, high on the trading day $30.72, low on the trading day $28.72 for a closing price at $30.09; Zions Bancorporation (NasdaqGS: ZION) shed 3.35 points on the trading day, high on the trading day $36.97, low on the trading day $32.42 for a closing price at $33.80; First Solar, Incorporated (NasdaqGS: FSLR) gained 3.77 points on the trading day, high on the trading day $288.38, low on the trading day $278.16 for a closing price at $281.17; DryShips Incorporated (NasdaqGS: DRYS) gained 6.13 points on the trading day, high on the trading day $83.75, low on the trading day $79.00 for a closing price at $82.08; Baidu.com Incorporated (NasdaqGS: BIDU) shed 3.41 points on the trading day, high on the trading day $344.38, low on the trading day $330.87 for a closing price at $332.50; Google Incorporated (NasdaqGS: GOOG) shed 3.48 points on the trading day, high on the trading day $578.07, low on the trading day $568.38 for a closing price at $569.33.
News on the American Stock Exchange (AMEX) today: advanced stocks 546; declined stocks 607; unchanged stocks 98; stocks hitting new highs 27; stocks hitting new lows 20.
Chicago Board of Trade Futures Market activity for the day, June 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1349.50, change -8.25;
E-mini NASDAQ-100 (NQ) end of day price 1973.25, change -7.25;
E-mini S&P SmallCap 600 (SMP) end of day price 389.70, change -1.40;
$5 DJIA (YM) end of day price 12167, change -92.
U.S. May Industrial Production fell 0.2% compared to consensus of an increase by 0.2%; U.S. May Capacity Utilization fell 0.2-Pt at 79.4% compared to consensus of 79.7%; U.S. April Capacity Use Revised to 79.6% from 79.7%; U.S. April Industrial Production Unrevised at a drop by 0.7%.
U.S. First Quarter Current Account Goods/Services Deficit $174.9 Billion.
U.S. May Producer Prices rose 1.4% compared to consensus of an increase by 1.0%; U.S. May PPI Excluding-Food & Energy rose 0.2% compared to consensus of an increase by 0.2%; U.S. May PPI Intermediate Goods rose 2.9%; U.S. May PPI Intermediate Goods Core rose 2.0%; U.S. May PPI Crude Goods rose 6.7%; U.S. May PPI Crude Goods Core rose 5.0%; U.S. May PPI Energy Prices rose 4.9%; U.S. May Passenger Car Prices fell 1.0%; U.S. Apr PPI Unrevised at an increase by 0.2%.
U.S. Core Intermediate PPI rise biggest since 1980.
U.S. May Housing Starts fell 3.3% to .975M compared to consensus of a drop by 5.5%; Building Permits fell 1.3% to rate of .969M in May; April Housing Starts Revised to an increase by 2.0% from an increase by 8.2%.
Commodities Markets Energy Sector: Light Crude (NYM) shed $0.60 on the day to close at $134.01 a barrel ($US per bbl.); Heating Oil (NYM) shed $0.01 on the day to close at $3.82 a gallon ($US per gal.); Natural Gas (NYM) gained $0.02 on the day to close at $12.95 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.02 on the day to close at $3.42 a gallon ($US per gal.).
Metals Markets: Gold (CMX) gained $0.60 to close at $886.90 ($US per Troy oz.); Silver (CMX) shed $0.16 to close at $17.08 ($US per Troy oz.); Platinum (NYM) gained $13.60 on the day to close at $2,064.30 ($US per Troy oz.) and Copper (CMX) shed $0.07 01 the day to close at $3.65 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 1.18 to close at 76.15; Pork Bellies (CME) gained 0.08 to close at 73.20; Live Cattle (CME) gained 0.15 to close at 103.60; Feeder Cattle (CME) gained 0.68 to close at 110.33.
Other Commodities (cents per bu.): Corn (CBT) gained 11.00 to close at 776.00 and Soybeans (CBT) gained 30.00 to close at 1,553.00.
Bond action for the day: 2 year bond gained 8/32 to close at 99 15/32 with a Yield of 2.90, Yield Change -0.13; 5 year bond gained 17/32 to close at 99 12/32 with a Yield of 3.63, Yield Change -0.12; 10 year bond gained 18/32 to close at 97 11/32 with a Yield of 4.20, Yield Change -0.07; the 30 year bond gained 7/32 to close at 93 20/32 on the day with a Yield of 4.77, Yield Change -0.02.
The e-mini Dow $5 ended the commodity session today at 12,178 with a loss of 84 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.
Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.
Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.
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Trading volume was heavy amidst the sell off and with the rapid gains on Crude, we saw curbs setting in on the Crude Oil Futures market. Adding fuel to the pain, Crude Oil surged on the day with a gain of almost eleven points to hit an all time new record high of more than $138 a barrel. (read more)
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 loss of 394.64 points on the day to end the session at 12,209.81 NYSE (New York Stock Exchange) triple digit loss of 255.98 points to end the session at 9,152.51 NASDAQ loss of 75.38 points for a close at 2,474.56 S&P 500 loss of 43.37 points for a close at 1,360.68 FTSE All-World ex-U.S. loss of 3.41 points to close at 248.58 FTSE RAFI 1000 triple digit loss of 182.12 points for a close at 5,409.74 BEL 20 loss of 82.2 points to close at 3,672.84 CAC 40 triple digit loss of 111.74 points to close at 4,795.32 FTSE100 loss of 88.5 points to close at 5,906.8 NIKKEI 225 triple digit gain of 148.3 points to close at 14,489.4
News on the New York Stock Exchange (NYSE) today: advanced stocks 576; declined stocks 2,595; unchanged stocks 70; stocks hitting new highs 129; stocks hitting new lows 118. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: Oil Service HOLDRs (NYSE: OIH) shed 2.84 points on the trading day, high on the trading day $221.05, low on the trading day $211.71 for a closing price at $212.02; Goldman Sachs Group Incorporated (NYSE: GS) shed 7.16 points on the trading day, high on the trading day $175.07, low on the trading day $169.4 for a closing price at $169.44; Patriot Coal Corporation (NYSE: PCX) gained 0.69 points on the trading day, high on the trading day $143.53, low on the trading day $135.46 for a closing price at $135.46; Rio Tinto plc (NYSE: RTP) shed 7.39 points on the trading day, high on the trading day $481.23, low on the trading day $465.04 for a closing price at $467.78; Valero Energy Corporation (NYSE: VLO) shed 3.31 points on the trading day, high on the trading day $49.33, low on the trading day $46.20 for a closing price at $46.33; Trina Solar Limited American Depository (NYSE: TSL) shed 4.63 points on the trading day, high on the trading day $48.00, low on the trading day $44.67 for a closing price at $45.00; CF Industries Holdings Incorporated (NYSE: CF) shed 5.47 points on the trading day, high on the trading day $153.72, low on the trading day $146.07 for a closing price at $146.67; CME Group, Incorporated (NYSE: CME) shed 14.94 points on the trading day, high on the trading day $401.82 for a closing price at $387.60; Mosaic Company (NYSE: MOS) shed 1.06 points on the trading day, high on the trading day $137.97, low on the trading day $132.81 for a closing price at $133.36.
News on the NASDAQ today: advanced stocks 540 declined stocks 2,332; unchanged stocks 122; stocks hitting new highs 43; stocks hitting new lows 119. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Inspire Pharmaceuticals Incorporated (NasdaqGS: ISPH) gained 1.42 points on the trading day, high on the trading day $6.75, low on the trading day $5.07 for a closing price at $5.27; Ryanair Holdings plc (NasdaqGS: RYAAY) shed 3.01 points on the trading day, high on the trading day $29.81, low on the trading day $28.75 for a closing price at $28.82; Energy Conversion Devices Incorporated (NasdaqGS: ENER) shed 1.13 points on the trading day, high on the trading day $68.00, low on the trading day $64.09 for a closing price at $64.17; BE Aerospace Incorporated (NasdaqGS: BEAV) shed 2.84 points on the trading day, high on the trading day $29.54, low on the trading day $26.00 for a closing price at $26.98; Macrovision Solutions Corporation (NasdaqGS: MVSN) gained 1.19 points on the trading day, high on the trading day $17.34, low on the trading day $15.22 for a closing price at $16.30; Sanderson Farms Incorporated (NasdaqGS: SAFM) shed 3.56 points on the trading day, high on the trading day $48.60, low on the trading day $45.70 for a closing price at $46.31; Sohu.com Incorporated (NasdaqGS: SOHU) shed 7.98 points on the trading day, high on the trading day $89.97, low on the trading day $83.18 for a closing price at $83.28; Calamos Asset Management Incorporated (NasdaqGS: CLMS) shed 3.94 points on the trading day, high on the trading day $21.60 low on the trading day $18.94 for a closing price at $19.06; Google Incorporated (NasdaqGS: GOOG) shed 18.30 points on the trading day, high on the trading day $580.72, low on the trading day $567.00 for a closing price at $568.00; Focus Media Holding Limited (NasdaqGS: FMCN) shed 5.70 points on the trading day, high on the trading day $34.17, low on the trading day $31.00 for a closing price at $31.09; First Solar, Incorporated (NasdaqGS: FSLR) shed 5.00 points on the trading day, high on the trading day $262.77, low on the trading day $251.00 for a closing price at $251.00; Baidu.com Incorporated (NasdaqGS: BIDU) shed 16.62 points on the trading day, high on the trading day $358.00, low on the trading day $344.55 for a closing price at $345.19.
News on the American Stock Exchange (AMEX) today: advanced stocks 412; declined stocks 773; unchanged stocks 63; stocks hitting new highs 40; stocks hitting new lows 21.
U.S. May Nonfarm Payrolls fell by 49K compared to consensus of a drop by 60K; U.S. May Unemployment Rate came in at 5.5% compared to consensus of 5.1%; U.S. May Average Hourly Earnings increased by $0.05 to $17.94; U.S. May Manufacturing Payrolls fell 26K; U.S. May Service-Producing Payrolls increased by 8K; U.S. May Overall Workweek had no change at 33.7 Hours; U.S. April Payrolls Revised to a decrease by 28K from a decrease by 20K; U.S. April Unemployment left Unrevised at 5.0%; U.S. Jobless Rate Posts Biggest One-Month Rise since 1986.
Federal Reserve Member Randall S. Kroszner: risk premiums in bond, stock markets still wide; data show investors still cautious; financial companies should continue to raise capital; foreclosures still `urgent` problem for the Fed; sees housing markets recovering `only gradually`; credit conditions still tight; financial market strains have eased `somewhat`.
Treasury Economic Update "Today's jobs data reflect the slow growth of the past two quarters and the headwinds the U.S. economy faces from energy prices, the housing correction, and credit market strains. We expect the stimulus payments now going out to have a meaningful impact in supporting family and business spending this year while we work through the current challenges." Assistant Secretary Phillip Swagel. Employment Fell in May: Job Growth: Payroll employment fell by 49,000 in May, following a decrease of 28,000 in April. The United States has added about 8 million jobs since August 2003. Employment increased in 41 states and the District of Columbia over the year ending in April. Unemployment: The unemployment rate was 5.5 percent in May, up from 5.0 percent in April. Signs of Economic Strength Include Exports and Low Inflation: Exports: Strong global growth is boosting U.S. exports, which grew by 8.8 percent over the past 4 quarters. Inflation: Core inflation remains contained. The consumer price index excluding food and energy rose 2.3 percent over the 12 months ending in April. The Economic Stimulus Package Will Provide a Temporary Boost to Our Economy: The package will help our economy weather the housing correction and other challenges. The Economic Stimulus Act of 2008, signed into law by President Bush has two main elements--stimulus payments so that working Americans have more money to spend and temporary tax incentives for businesses to invest and grow. Together, the legislation will provide about $150 billion of stimulus for the economy in 2008, providing a meaningful boost to the U.S. economy in 2008. Pro-Growth Policies Will Enhance Long-Term U.S. Economic Strength: We are on track to make significant further progress on the deficit. The FY07 budget deficit was down to 1.2 percent of GDP, from 1.9 percent in FY06. Much of the improvement in the deficit reflects strong revenue growth, which in turn reflects strong economic growth. Looking ahead, higher spending on entitlement programs dominates the future fiscal situation; we must squarely face up to the challenge of reforming these programs.
Commodities Markets Energy Sector: Light Crude (NYM) gained $10.75 on the day to close at $138.54 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.29 on the day to close at $3.97 a gallon ($US per gal.); Natural Gas (NYM) gained $0.13 on the day to close at $12.65 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.21 on the day to close at $3.55 a gallon ($US per gal.).
Metals Markets: Gold (CMX) gained $23.50 to close at $899.00 ($US per Troy oz.); Silver (CMX) gained $0.26 to close at $17.43 ($US per Troy oz.); Platinum (NYM) gained $68.80 on the day to close at $2,081.30 ($US per Troy oz.) and Copper (CMX) gained $0.08 on the day to close at $3.62 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 1.50 to close at 74.00; Pork Bellies (CME) gained 1.70 to close at 73.20; Live Cattle (CME) shed 0.80 to close at 100.20; Feeder Cattle (CME) shed 0.58 to close at 112.25.
Other Commodities (cents per bu.): Corn (CBT) gained 7.00 to close the session at 677.75 and Soybeans (CBT) gained 5.50 to close session at 1,457.50.
At the close of the week, performance results for our Moderators:
Bond action for the day: 2 year bond gained 7/32 on the day to close at 100 14/32 with a Yield of 2.39, Yield Change -0.10; 5 year bond gained 20/32 to close at 101 13/32 with a Yield of 3.19, Yield Change -0.13; 10 year bond gained 28/32 to close at 99 17/32 with a Yield of 3.93, Yield Change -0.11; the 30 year bond gained 1 17/32 to close at 95 24/32 on the day with a Yield of 4.63, Yield Change -0.10.
The e-mini Dow $5 ended the commodity session today at 12,230 with a loss of 388 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.
Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.
Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.
Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.
The major indices found a safe haven in the green zone throughout the trading day today, ending the trading session near their highs for the trading session. Trading ranges were slightly improved but it appeared that day traders and investors were leery of the positive market tone. (read more)
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 213.97 points on the day to end the session at 12,604.45 NYSE (New York Stock Exchange) triple digit gain of 195.73 points to end the session at 9,408.49 NASDAQ gain of 46.80 points for a close at 2,549.94 S&P 500 gain of 26.85 points for a close at 1,404.05 FTSE All-World ex-U.S. gain of 2.66 points to close at 251.91 FTSE RAFI 1000 gain of 93.52 points for a close at 5,590.07 BEL 20 gain of 42.03 points to close at 3,755.04 CAC 40 loss of 8.01 points to close at 4,907.06 FTSE100 gain of 25.2 points to close at 5,995.3 NIKKEI 225 loss of 94.5 points to close at 14,341.1
News on the New York Stock Exchange (NYSE) today: advanced stocks 2,469; declined stocks 688; unchanged stocks 93; stocks hitting new highs 105; stocks hitting new lows 39. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: Parker-Hannifin Corporation (NYSE: PH) shed 2.16 points on the trading day, high on the trading day $80.42, low on the trading day $78.39 for a closing price at $79.78; Nucor Corporation (NYSE: NUE) gained 6.40 points on the trading day, high on the trading day $81.24, low on the trading day $76.32 for a closing price at $80.54; CF Industries Holdings Incorporated (NYSE: CF) gained 9.84 points on the trading day, high on the trading day $152.68, low on the trading day $143.10 for a closing price at $152.14; Webster Financial Corporation (NYSE: WBS) shed 3.44 points on the trading day, high on the trading day $25.26, low on the trading day $21.76 for a closing price at $22.18; Greif Incorporated (NYSE: GEF) gained 0.94 points on the trading day, high on the trading day $73.00, low on the trading day $68.17 for a closing price at $69.86; ArcelorMittal (NYSE: MT) gained 6.90 points on the trading day, high on the trading day $104.46 low on the trading day $100.47 for a closing price at $104.25; Tenaris S.A. (NYSE: TS) gained 5.64 points on the trading day, high on the trading day $65.01, low on the trading day $60.90 for a closing price at $64.89; Syniverse Holdings Incorporated (NYSE: SVR) shed 1.97 points on the trading day, high on the trading day $20.96, low on the trading day $17.88 for a closing price at $19.13; Carpenter Technology Corporation (NYSE: CRS) shed 2.91 points on the trading day, high on the trading day $50.51, low on the trading day $47.62 for a closing price at $48.31; Agnico-Eagle Mines Limited (NYSE: AEM) gained 0.04 points on the trading day, high on the trading day $66.90, low on the trading day $64.32 for a closing price at $66.72; Fording Canadian Coal Trust (NYSE: FDG) shed 0.21 points on the trading day, high on the trading day $81.48, low on the trading day $76.72 for a closing price at $79.23; Comstock Resources Incorporated (NYSE: CRK) gained 5.82 points on the trading day, high on the trading day $63.23, low on the trading day $58.33 for a closing price at $63.23; Lehman Brothers Holdings Incorporated (NYSE: LEH) gained 2.45 points on the trading day, high on the trading day $34.42, low on the trading day $31.71, for a closing price at $33.85; CME Group, Incorporated (NYSE: CME) gained 24.54 points on the trading day, high on the trading day $404.37, low on the trading day $381.01, for a closing price at $402.54; Potash Corporation of Saskatchewan (NYSE: POT) gained 10.47 points on the trading day, high on the trading day $219.25, low on the trading day $207.66 for a closing price at $218.85; MasterCard Incorporated (NYSE: MA) gained 8.76 points on the trading day, high on the trading day $306.16, low on the trading day $295.44, for a closing price at $306.16; Monsanto Company (NYSE: MON) gained 6.91 points on the trading day, high on the trading day $139.06, low on the trading day $133.03 for a closing price at $138.51; IntercontinentalExchange Incorporated (NYSE: ICE) gained 7.56 points on the trading day, high on the trading day $136.63, low on the trading day $129.40, for a closing price at $136.63; Mosaic Company (NYSE: MOS) gained 5.68 points on the trading day, high on the trading day $134.42, low on the trading day $129.19 for a closing price at $134.42; United States Steel Corporation (NYSE: X) gained 9.93 points on the trading day, high on the trading day $184.59, low on the trading day $175.25, for a closing price at $183.15.
News on the NASDAQ today: advanced stocks 2,111 declined stocks 764; unchanged stocks 127; stocks hitting new highs 77; stocks hitting new lows 66. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Baidu.com Incorporated (NasdaqGS: BIDU) gained 16.78 points on the trading day, high on the trading day $361.99, low on the trading day $345.64 for a closing price at $361.30; UTi Worldwide Incorporated (NasdaqGS: UTIW) shed 0.29 points on the trading day, high on the trading day $24.35, low on the trading day $20.94 for a closing price at $23.03; ADC Telecommunications (NasdaqGS: ADCT) gained 1.43 points on the trading day, high on the trading day $17.12, low on the trading day $16.32 for a closing price at $17.07; CRA International (NasdaqGS: CRAI) gained 4.56 points on the trading day, high on the trading day $41.96, low on the trading day $35.30 for a closing price at $39.31; First Solar, Incorporated (NasdaqGS: FSLR) gained 13.14 points on the trading day, high on the trading day $257.53, low on the trading day $241.64 for a closing price at $256.02; Research In Motion Limited (NasdaqGS: RIMM) gained 0.96 points on the trading day, high on the trading day $137.68, low on the trading day $134.80, for a closing price at $135.25.
News on the American Stock Exchange (AMEX) today: advanced stocks 821; declined stocks 375; unchanged stocks 73; stocks hitting new highs 28; stocks hitting new lows 17.
U.S. Jobless Claims fell 18K to 357K for week of May 31 compared to survey of an increase by 3K; U.S. Continuing Claims for week of May 24 fell 16K to 3,093,000; U.S. Jobless Claims for week of May 24 revised to 375K from 372K.
Commodities Markets Energy Sector: Light Crude (NYM) gained $5.49 on the day to close at $127.79 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.14 on the day to close at $3.68 a gallon ($US per gal.); Natural Gas (NYM) gained $0.14 on the day to close at $12.52 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.14 on the day to close at $3.33 a gallon ($US per gal.).
Metals Markets: Gold (CMX) shed $8.30 to close at $875.50 ($US per Troy oz.); Silver (CMX) gained $0.23 to close at $17.17 ($US per Troy oz.); Platinum (NYM) gained $17.60 on the day to close at $2,012.50 ($US per Troy oz.) and Copper (CMX) shed $0.01 on the day to close at $3.54 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.20 to close at 75.50; Pork Bellies (CME) shed 2.00 to close at 71.50; Live Cattle (CME) gained 0.50 to close at 101.00; Feeder Cattle (CME) shed 0.90 to close at 112.83.
Other Commodities (cents per bu.): Corn (CBT) gained 27.75 to close the session at 670.75 and Soybeans (CBT) gained 63.00 to close session at 1,452.00.
Bond action for the day: 2 year bond shed 3/32 on the day to close at 100 7/32 with a Yield of 2.50, Yield Change +0.05; 5 year bond shed 10/32 to close at 100 24/32 with a Yield of 3.33, Yield Change +0.07; 10 year bond shed 16/32 to close at 98 20/32 with a Yield of 4.04, Yield Change +0.06; the 30 year bond shed 19/32 to close at 94 5/32 on the day with a Yield of 4.74, Yield Change +0.04.
The e-mini Dow $5 ended the commodity session today at 12,608 with a gain of 204 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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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 of 13.84 points on the day to end the session at 12,389.01 NYSE (New York Stock Exchange) loss of 49.24 points to end the session at 9,212.76 NASDAQ gain of 22.66 points for a close at 2,503.14 S&P 500 loss of 0.52 points for a close at 1,377.13 FTSE All-World ex-U.S. loss of 1.42 points to close at 249.00 FTSE RAFI 1000 loss of 18.51 points for a close at 5,487.04 BEL 20 loss of 4.95 points to close at 3,713.01 CAC 40 loss of 68.64 points to close at 4,915.07 FTSE100 loss of 80 points to close at 5,977.7 NIKKEI 225 triple digit gain of 226.4 points to close at 14,435.6
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,423; declined stocks 1,693; unchanged stocks 120; stocks hitting new highs 35; stocks hitting new lows 49. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: Lehman Brothers Holdings Incorporated (NYSE: LEH) gained 0.79 points on the trading day, high on the trading day $33.09, low on the trading day $28.52, for a closing price at $31.40; Petroleo Brasileiro SA (NYSE: PBR) shed 2.67 points on the trading day, high on the trading day $67.40, low on the trading day $64.90, for a closing price at $65.40; Oil Service HOLDRs (NYSE: OIH) gained 0.01 points on the trading day, high on the trading day $210.24, low on the trading day $204.50, for a closing price at $205.07; Guess:, Incorporated (NYSE: GES) gained 5.24 points on the trading day, high on the trading day $43.59, low on the trading day $40.87, for a closing price at $43.11; Goldman Sachs Group Incorporated (NYSE: GS) gained 1.52 points on the trading day, high on the trading day $175.56, low on the trading day $169.55, for a closing price at $172.10; Moody's Corporation (NYSE: MCO) gained 1.00 points on the trading day, high on the trading day $41.15, low on the trading day $37.83, for a closing price at $39.45; VMware Incorporated (NYSE: VMW) gained 1.60 points on the trading day, high on the trading day $68.50, low on the trading day $65.26, for a closing price at $67.25; American Express Company (NYSE: AXP) gained 1.60 points on the trading day, high on the trading day $47.05, low on the trading day $44.83, for a closing price at $45.91; SPX Corporation (NYSE: SPW) shed 2.50 points on the trading day, high on the trading day $136.13, low on the trading day $131.68, for a closing price at $132.66; Stone Energy Corporation (NYSE: SGY) shed 5.13 points on the trading day, high on the trading day $67.22, low on the trading day $62.12, for a closing price at $62.81; Cleveland-Cliffs Incorporated (NYSE: CLF) shed 3.90 points on the trading day, high on the trading day $105.40, low on the trading day $101.32, for a closing price at $102.00; Hess Corporation (NYSE: HES) shed 4.53 points on the trading day, high on the trading day $122.19, low on the trading day $117.71, for a closing price at $117.92; Walter Industries Incorporated (NYSE: WLT) shed 6.14 points on the trading day, high on the trading day $95.10, low on the trading day $88.36, for a closing price at $89.15; IntercontinentalExchange Incorporated (NYSE: ICE) shed 3.06 points on the trading day, high on the trading day $133.28, low on the trading day $128.53, for a closing price at $129.07; CME Group, Incorporated (NYSE: CME) shed 22.30 points on the trading day, high on the trading day $398.98, low on the trading day $375.38, for a closing price at $378.00; MasterCard Incorporated (NYSE: MA) shed 10.00 points on the trading day, high on the trading day $309.60, low on the trading day $294.54, for a closing price at $297.40; Potash Corporation of Saskatchewan (NYSE: POT) shed 3.11 points on the trading day, high on the trading day $212.12, low on the trading day $206.59 for a closing price at $208.38; Mosaic Company (NYSE: MOS) shed 1.96 points on the trading day, high on the trading day $132.25, low on the trading day $127.83 for a closing price at $128.74; Monsanto Company (NYSE: MON) shed 1.54 points on the trading day, high on the trading day $135.48, low on the trading day $131.05 for a closing price at $131.60; United States Steel Corporation (NYSE: X) shed 2.82 points on the trading day, high on the trading day $179.48, low on the trading day $172.63, for a closing price at $173.75.
News on the NASDAQ today: advanced stocks 1,656 declined stocks 1,237; unchanged stocks 133; stocks hitting new highs 50; stocks hitting new lows 116. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Royale Energy Incorporated (NasdaqGS: ROYL) shed 2.14 points on the trading day, high on the trading day $10.55, low on the trading day $8.80, for a closing price at $8.95; Crocs, Incorporated (NasdaqGS: CROX) gained 0.20 points on the trading day, high on the trading day $10.40, low on the trading day $9.82, for a closing price at $10.07; Research In Motion Limited (NasdaqGS: RIMM) gained 0.80 points on the trading day, high on the trading day $136.50, low on the trading day $132.62, for a closing price at $134.31;First Solar, Incorporated (NasdaqGS: FSLR) shed 14.62 points on the trading day, high on the trading day $255.49, low on the trading day $241.50 for a closing price at $242.70.
News on the American Stock Exchange (AMEX) today: advanced stocks 553; declined stocks 629; unchanged stocks 82; stocks hitting new highs 23; stocks hitting new lows 20.
ADP sees May U.S. Private Sector Jobs increased by 40,000; ADP May U.S. Private Sector Jobs expected to fall by 60,000.
U.S. First Quarter Unit Labor Costs Unchanged at an increase by 2.2%; U.S. First Quarter Unit Labor Costs Consensus increased by 2.0%; U.S. First Quarter Non-Farm Productivity Consensus increased by 2.5%; U.S. First Quarter Non-Farm Productivity revised to increase of 2.6% from an increase by 2.2%.
U.S. Institute Supply Management (ISM) May Non-Mfg Composite Index came in at 51.7; U.S. ISM May Non-Mfg Composite Index Expected to come in at 51.1; U.S. ISM May Non-Mfg Business Index came in at 53.6; U.S. ISM May Non-Mfg Composite Index came in at 51.7 versus April reading of 52.0; U.S. ISM May Non-Mfg Business Index came in at 53.6 versus April reading of 50.9; U.S. ISM May Non-Mfg Employment Index came in at 48.7 versus April reading of 50.8; U.S. ISM May Non-Mfg Prices Index came in at 77.0 versus April reading of 72.1; U.S. ISM May Non-Mfg New Orders Index came in at 53.6 versus April reading of 50.1.
Department Of Energy: U.S. Crude Oil Stockpiles fell by 4.802 Million Barrels at 306.757 Million Barrels; U.S. Gasoline Stockpiles increased by 2.935 Million Barrels at 209.09 Million Barrels; U.S. Distillate Stockpiles increased by 2.273 Million Barrels at 111.704 Million Barrels; U.S. Refineries ran at capacity of 89.7% versus 87.9% Week Ago; U.S. Gasoline Stockpiles increased by 2.9 Million Barrels in the week compared to expectations of an increase by 300,000 Barrels; U.S. Distillate Stockpiles increased by2.3 Million Barrels in the week compared to expectations of an increase by1.4 Million Barrels; U.S. Refineries ran at capacity of 89.7% compared to expectations of an increase by 0.4 Pts at 88.3%.
Commodities Markets Energy Sector: Light Crude (NYM) shed $2.01 on the day to close at $122.30 a barrel ($US per bbl.); Heating Oil (NYM) shed $0.09 on the day to close at $3.55 a gallon ($US per gal.); Natural Gas (NYM) gained $0.16 on the day to close at $12.38 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.16 on the day to close at $3.20 a gallon ($US per gal.).
Metals Markets: Gold (CMX) shed $1.70 to close at $883.80 ($US per Troy oz.); Silver (CMX) gained $0.11 to close at $16.94 ($US per Troy oz.); Platinum (NYM) shed $23.60 on the day to close at $1,992.00 ($US per Troy oz.) and Copper (CMX) shed $0.03 on the day to close at $3.55 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.98 to close at 75.30; Pork Bellies (CME) shed 1.75 to close at 73.50; Live Cattle (CME) gained 0.25 to close at 100.50; Feeder Cattle (CME) shed 0.05 to close at 113.73.
Other Commodities (cents per bu.): Corn (CBT) gained 6.75 to close the session at 643.00 and Soybeans (CBT) gained 29.50 to close session at 1,389.00.
Bond action for the day: 2 year bond shed 3/32 on the day to close at100 10/32 with a Yield of 2.45, Yield Change +0.05; 5 year bond shed 12/32 to close at 101 1/32 with a Yield of 3.26, Yield Change +0.08; 10 year bond shed 21/32 to close at 99 5/32 with a Yield of 3.97, Yield Change +0.08; the 30 year bond shed 1 20 5/32 to close at 94 27/32 on the day with a Yield of 4.69, Yield Change +0.07.
The e-mini Dow $5 ended the commodity session today at 12,376 with a loss of 28 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.
Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.
Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.
Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.
Positive housing data released early during the trading session gave the go ahead for the markets to test the positive territory today, after the strong sell off on Friday. The report shows there is an increase in the number of individuals buying homes, which is good news for the economy with the NAR's highest reading in six months. (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) gain of 74.01 points on the day to end the session at 12,283.82 NYSE (New York Stock Exchange) loss of 3.42 points to end the session at 9,149.91 NASDAQ loss of 15.10 points for a close at 2,459.46 S&P 500 gain of 0.97 points for a close at 1,361.65 FTSE All-World ex-U.S. loss of 1.92 points to close at 246.37 FTSE RAFI 1000 loss of 21.52 points for a close at 5,381.9 BEL 20 loss of 32.13 points to close at 3,640.71 CAC 40 gain of 4.06 points to close at 4,799.38 FTSE100 loss of 29.2 points to close at 5,877.6 NIKKEI 225 triple digit loss of 308 points to close at 14,181.4
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,062; declined stocks 2,086; unchanged stocks 86; stocks hitting new highs 50; stocks hitting new lows 126. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: Potash Corporation Saskatchewan (NYSE: POT) gained 5.27 points on the trading day, high on the trading day $227.20, low on the trading day $218.56 for a closing price at $222.12; Mosaic Company (NYSE: MOS) gained 7.65 points on the trading day, high on the trading day $143.22, low on the trading day $137.08 for a closing price at $141.01; Monsanto Company (NYSE: MON) gained 2.69 points on the trading day, high on the trading day $140.84, low on the trading day $136.00 for a closing price at $138.45; Lehman Brothers Holdings Incorporated (NYSE: LEH) shed 2.81 points on the trading day, high on the trading day $30.40, low on the trading day $28.00 for a closing price at $29.48; MasterCard Incorporated (NYSE: MA) shed 4.33 points on the trading day, high on the trading day $298.86, low on the trading day $276.41 for a closing price at $291.40; Cleveland-Cliffs Incorporated (NYSE: CLF) gained 2.25 points on the trading day, high on the trading day $107.95, low on the trading day $103.08 for a closing price at $106.60.
News on the NASDAQ today: advanced stocks 871 declined stocks 2,028; unchanged stocks 111; stocks hitting new highs 27; stocks hitting new lows 171. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Amylin Pharmaceuticals Incorporated (NasdaqGS: AMLN) shed 2.84 points on the trading day, high on the trading day $27.96, low on the trading day $26.28 for a closing price at $27.09; Iconix Brand Group Incorporated (NasdaqGS: ICON) gained 0.14 points on the trading day, high on the trading day $13.61, low on the trading day $12.25 for a closing price at $12.96; First Solar, Incorporated (NasdaqGS: FSLR) shed 7.19 points on the trading day, high on the trading day $253.80, low on the trading day $237.63 for a closing price at $244.50; Garmin Limited (NasdaqGS: GRMN) shed 1.69 points on the trading day, high on the trading day $51.94, low on the trading day $48.57 for a closing price at $49.65; Google Incorporated (NasdaqGS: GOOG) shed 9.13 points on the trading day, high on the trading day $570.00, low on the trading day $545.40 for a closing price at $557.87.
News on the American Stock Exchange (AMEX) today: advanced stocks 360; declined stocks 800; unchanged stocks 72; stocks hitting new highs 21; stocks hitting new lows 34.
Conference Board Employment Trends Index down 6% since July 2007; Conference Board Employment Trends Index at 114.3 in April; Conference Board Employment Trends Index down 0.5% in May to 113.7.
According to National Association for Realtors: U.S. April Pending Home Sales fell 13.1% from April 2007; U.S. Pending Home Sales Index rose 6.3% in April.
President of Federal Reserve Bank of New York, Timothy F. Geithner: No clear sign of speculation pushing oil prices; sees no major risk of sustained inflation; global economies may see tighter monetary policy; confident of consensus on derivatives clearing; need a more mature derivatives market; no central bank can be indifferent to dollar value; regulatory system needs fast action to adapt; some fed programs best reserved for acute crisis; 17 firms meet Monday on CDS infrastructure; preemptive policy action on risk unrealistic; financial system needs better shock absorbers; significant problems in global financial system; top priority is to get economy through crisis; sees `modest, tentative' improvement in markets.
President of Federal Reserve Bank of New York, Richard W. Fisher: Fed borrowers should expect heightened oversight; controlled inflation a must for sustainable growth; most concerned about expectations of inflation; must deal with new consumer demand for awhile.
Commodities Markets Energy Sector: Light Crude (NYM) shed $4.09 on the day to close at $134.35 a barrel ($US per bbl.); Heating Oil (NYM) shed $0.41 on the day to close at $3.88 a gallon ($US per gal.); Natural Gas (NYM) shed $0.09 on the day to close at $12.60 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.15 on the day to close at $3.39 a gallon ($US per gal.).
Metals Markets: Gold (CMX) shed $0.90 to close at $898.10 ($US per Troy oz.); Silver (CMX) shed $0.22 to close at $17.21 ($US per Troy oz.); Platinum (NYM) shed $21.70 on the day to close at $2,059.60 ($US per Troy oz.) and Copper (CMX) shed $0.01 on the day to close at $3.61 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 1.08 to close at 72.93; Pork Bellies (CME) shed 1.00 to close at 72.20; Live Cattle (CME) shed 1.23 to close at 98.98; Feeder Cattle (CME) shed 1.58 to close at 110.68.
Other Commodities (cents per bu.): Corn (CBT) gained 7.50 to close the session at 685.25 and Soybeans (CBT) shed 5.50 to close session at 1,452.00.
Bond action for the day: 2 year bond shed 22/32 on the day to close at 99 25/32 with a Yield of 2.72, Yield Change +0.34; 5 year bond shed 1 to close at 100 14/32 with a Yield of 3.40, Yield Change +0.22; 10 year bond shed 25/32 to close at 99 6/32 with a Yield of 4.00, Yield Change +0.09; the 30 year bond shed 5/32 to close at 95 25/32 on the day with a Yield of 4.63, Yield Change +0.01.
The e-mini Dow $5 ended the commodity session today at 12,230 with a loss of 388 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.
Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.
Subscribe to our free Weekly MarketNews for a review of the past weeks.
