Daily Market Commentary for May 2, 2008 from Millennium-Traders.Com
After the closing bell, news came out that Microsoft has agreed to
increase its bid for Yahoo, to the range of $33 a share. A hostile
takeover of Yahoo by Microsoft has not been totally ruled out, as of yet.
(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 48.20 points on the day to end
the session at 13,058.20
NYSE (New York Stock Exchange) gain of 56.13 points to end the session at
9,451.17
NASDAQ loss of 3.72 points for a close at 2,476.99
S&P 500 gain of 4.55 points for a close at 1,413.89
FTSE All-World ex-U.S. gain of 2.30 points to close at 254.17
FTSE RAFI 1000 gain of 9.67 points to close at 5,731.52
BEL 20 gain of 20.91 points to close at 3,946.34
CAC 40 gain of 73.17 points to close at 5,069.71
FTSE100 gain of 128.2 points to close at 6,215.50
NIKKEI 225 gain of 282.7 points on the day to end the session at
14,049.30
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,775;
declined stocks 1,343; unchanged stocks 119; stocks hitting new highs 72;
stocks hitting new lows 20.
Daily Trading Range and end of day trading results for volatile NYSE
stocks traded by active Day Traders today:
Lubrizol Corporation (NYSE: LZ) shed 6.00 points on the trading day, high
on the trading day $59.44, low on the trading day $53.41, for a closing
price at $53.50;
Triumph Group Incorporated (NYSE: TGI) gained 11.16 points on the trading
day, high on the trading day $71.52, low on the trading day $64.40, for a
closing price at $71.24;
Superior Energy Services Incorporated (NYSE: SPN) gained 3.97 points on
the trading day, high on the trading day $47.75, low on the trading day
$44.70, for a closing price at $47.33;
Texas Industries Incorporated (NYSE: TXI) shed 2.78 points on the trading
day, high on the trading day $79.93, low on the trading day $74.60, for a
closing price at $76.24;
Transocean, Incorporated (NYSE: RIG) gained 6.15 points on the trading
day, high on the trading day $152.43, low on the trading day $146.50, for
a closing price at $151.92;
Visa Incorporated (NYSE: V) shed 2.65 points on the trading day, high on
the trading day $87.50, low on the trading day $81.00, for a closing price
at $82.75;
Mastercard Incorporated (NYSE: MA) shed 8.90 points on the trading day,
high on the trading day $298.40, low on the trading day $281.85, for a
closing price at $285.04;
Petroleo Brasileiro (NYSE: PBR) gained 2.47 points on the trading day,
high on the trading day $126.65, low on the trading day $122.51, for a
closing price at $124.42.
News on the NASDAQ today: advanced stocks 1,268; declined stocks 1,616;
unchanged stocks 146; stocks hitting new highs 62; stocks hitting new lows
67.
Trading range and end of day trading results for volatile NASDAQ stocks
traded by active Day Traders today:
Dynamic Materials Corporation (NasdaqGS: BOOM) shed 10.21 points on the
trading day, high on the trading day $39.36, low on the trading day
$35.60, for a closing price at $36.38;
Morningstar Incorporated (NasdaqGS: MORN) gained 11.87 points on the
trading day, high on the trading day $73.57, low on the trading day
$64.82, for a closing price at $71.84;
MicroStrategy Incorporated (NasdaqGS: MSTR) shed 16.84 points on the
trading day, high on the trading day $80.87, low on the trading day
$72.40, for a closing price at $73.41;
Google Incorporated (NasdaqGS: GOOG) shed 11.79 points on the trading day,
high on the trading day $602.45, low on the trading day $579.30, for a
closing price at $581.29;
First Solar, Incorporated (NasdaqGS: FSLR) gained 12.89 points on the
trading day, high on the trading day $278.90, low on the trading day
$266.70, for a closing price at $276.24.
News on the American Stock Exchange (AMEX) today: advanced stocks 645;
declined stocks 520; unchanged stocks 89; stocks hitting new highs 23;
stocks hitting new lows 24.
U.S. Factory Orders increased by 1.4% in March compared to consensus of an
increase by 0.3%; March Factory Orders, Excluding Transportation rose by
2.2%; March Factory Orders, Excluding Defense rose by 1.4%; March Durable
Goods Revised to an increase by 0.1% from a decrease by 0.3%; February
Factory Orders revised to a drop by 0.9% from a decrease by 1.3%.
U.S. April Nonfarm Payrolls fell 20K compared to consensus of a drop by
85K; U.S. April Unemployment Rate 5.0% compared to consensus of 5.2%; U.S.
April Average Hourly Earnings increased by $0.01 to $17.88; U.S. April
Manufacturing Payrolls fell 46K; U.S. April Service-Producing increased by
90K; U.S. April Overall Workweek fell by 0.1 Hour to 33.7 Hours; U.S.
March
Payrolls Revised to a drop by 81K from a drop by 80K; U.S. March
Unemployment Left Unrevised at 5.1%.
Commodities Markets
Energy Sector: Light Crude (NYM) gained $3.80 on the day to close at
$116.32 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.10 on the day
to close at $3.22 a gallon ($US per gal.); Natural Gas (NYM) gained $0.22
on the day to close at $10.78 per million BTU ($US per mmbtu.); Unleaded
Gas (NYM) gained $0.08 on the day to close at $2.97 a gallon ($US per
gal.).
Metals Markets: Gold (CMX) gained $7.10 to close at $858.00 ($US per Troy
oz.); Silver (CMX) gained $0.26 to close at $16.47 ($US per Troy oz.);
Platinum (NYM) gained $25.90 to close at $1,906.50 ($US per Troy oz.) and
Copper (CMX) gained $0.13 to close at $3.82 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.85 to
close at 71.95; Pork Bellies (CME) gained 0.15 to close at 74.70; Live
Cattle (CME) gained 0.68 to close at 92.13; Feeder Cattle (CME) gained
0.88 to close at 108.15.
Other Commodities (cents per bu.): Corn (CBT) shed 3.75 to close the
session at 613.50 and Soybeans (CBT) gained 33.50 to close the session at
1,304.50.
Bonds were higher across the board today: 2 year bond shed 5/32 to close
at 99 11/32 with a Yield of 2.46, Yield Change +0.09; 5 year bond shed
15/32 to close at 99 23/32 with a Yield of 3.18, Yield Change +0.10; 10
year bond shed 25/32 to close at 97 1/32 with a Yield of 3.86, Yield
Change +0.10; the 30 year bond shed 1 11/32 to close at 96 18/32 on the
day with a Yield of 4.58, Yield Change +0.08.
The e-mini Dow $5 ended the commodity session today at 13,032 with a gain
of 31 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.
At the close of the week, performance results for our Moderators:
Stocks Trading Room:
Jeannie - $6,573
Barry - $16,328
Marty - $6,993
Sam - $6,942
Futures Trading Room:
JT - $6,377
Forex Trading Room:
JT - $19,050
Daily Swing Trades:
Barry - $27,910
Weekly Swing Trades:
Jeannie - $6,120
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.
Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com
--
Message posted using
http://www.talkaboutinvestments.com/group/misc.invest.marketplace/
More information at http://www.talkaboutinvestments.com/faq.html
|
