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
NYSE (New York Stock Exchange) loss of 13.07 points to end the session at
9,438.10
NASDAQ loss of 12.87 points for a close at 2,464.12
S&P 500 loss of 6.41 points for a close at 1,407.49
FTSE All-World ex-U.S. gain of 0.15 points to close at 254.32
FTSE RAFI 1000 loss of 37.42 points to close at 5,694.10
BEL 20 loss of 2.6 points to close at 3,943.74
CAC 40 loss of 6.35 points to close at 5,063.36
FTSE100 unchanged at 6,215.50
NIKKEI 225 unchanged at 14,049.30
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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