Daily Market Commentary for April 16, 2008 from Millennium-Traders.Com
Crude Oil continues to surge higher striking an intraday high of
$114.95 a barrel. Crude Oil Futures surpassed $115 for first time ever
on supply concerns after Energy Information Administration re****ted a
drop in crude oil inventories (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) triple digit gain of 256.80 points
on the day to end the session at 12,619.27
NYSE (New York Stock Exchange) triple digit gain of 225.57 points to
end the session at 9,203.76
NASDAQ gain of 64.07 points for a close at 2,286.04
S&P 500 gain of 30.28 points for a close at 1,364.71
FTSE All-World ex-U.S. gain of 5.37 points to close at 247.17
FTSE RAFI 1000 triple digit gain of 125.23 points to close at 5,496.84
BEL 20 gain of 74.05 points on the day to end the session at 3,863.27
CAC 40 gain of 74.42 points on the day to end the session at 4,855.10
FTSE100 triple digit gain of 139.3 points on the day to end the session
at 6,046.20
NIKKEI 225 triple digit gain of 155.5 points on the day to end the
session at 13,146.10
News on the New York Stock Exchange (NYSE) today: advanced stocks
2,615; declined stocks 565; unchanged stocks 73; stocks hitting new
highs 120; stocks hitting new lows 29. Daily Trading Range and end of
day trading results for volatile NYSE stocks traded by active Day
Traders today: Flowserve Cor****ation (NYSE: FLS) gained 4.55 points on
the trading day, high on the trading day $112.28, low on the trading
day $107.56, for a closing price at $111.85; Agrium Incor****ated (NYSE:
AGU) gained 8.16 points on the trading day, high on the trading day
$87.13, low on the trading day $81.75, for a closing price at $87.12;
Monsanto Company (NYSE: MON) gained 8.86 points on the trading day,
high on the trading day $132.36, low on the trading day $125.10, for a
closing price at $131.5; Wells Fargo & Company (NYSE: WFC) gained 1.20
points on the trading day, high on the trading day $30.34, low on the
trading day $28.49, for a closing price at $29.01; Mobile TeleSystems
OJSC (NYSE: MBT) shed 7.51 points on the trading day, high on the
trading day $77.61, low on the trading day $70.09, for a closing price
at $70.52; Wolverine World Wide Incor****ated (NYSE: WWW) shed 2.41
points on the trading day, high on the trading day $31.21, low on the
trading day $27.60, for a closing price at $27.70; Bunge Limited (NYSE:
BG) gained 11.76 points on the trading day, high on the trading day
$122.72, low on the trading day $110.63, for a closing price at
$120.34; Petroleo Brasileiro (NYSE: PBR) shed 0.26 points on the
trading day, high on the trading day $124.83, low on the trading day
$120.46, for a closing price at $122.84; Transocean, Incor****ated
(NYSE: RIG) gained 3.47 points on the trading day, high on the trading
day $153.08, low on the trading day $147.38, for a closing price at
$152.77; CF Industries Holdings, Incor****ated (NYSE: CF) gained 8.55
points on the trading day, high on the trading day $151.64, low on the
trading day $144.30, for a closing price at $151.42; Potash Cor****ation
of Saskatchewan, Incor****ated (NYSE: POT) gained 13.85 points on the
trading day, high on the trading day $199.05, low on the trading day
$191.10, for a closing price at $198.26.
News on the NASDAQ today: advanced stocks 2,142; declined stocks 795;
unchanged stocks 145; stocks hitting new highs 41; stocks hitting new
lows 100. Trading range and end of day trading results for volatile
NASDAQ stocks traded by active Day Traders today: Pozen, Incor****ated
(NasdaqGS: POZN) gained 3.07 points on the trading day, high on the
trading day $14.85, low on the trading day $12.90, closing price
$13.60; Intuitive Surgical, Incor****ated (NasdaqGS: ISRG) gained 6.19
points on the trading day, high on the trading day $346.55, low on the
trading day $339.13, closing price $345.99; Research In Motion Limited
(NasdaqGS: RIMM) gained 5.95 points on the trading day, high on the
trading day $120.86, low on the trading day $117.45, closing price
$121.60; Baidu.com, Incor****ated (NasdaqGS: BIDU) gained 30.62 points
on the trading day, high on the trading day $319.75, low on the trading
day $290.65, closing price $319.00; Google Incor****ated (NasdaqGS: GOOG)
gained 10.63 points on the trading day, high on the trading day $458.28,
low on the trading day $441.00, closing price $457.47.
News on the American Stock Exchange (AMEX) today: advanced stocks 860;
declined stocks 351; unchanged stocks 88; stocks hitting new highs 38;
stocks hitting new lows 23.
Input costs up; smaller rises in selling prices; labor markets
described as weakening; lending standards tightened, loan demand down;
consumer spending seen softening in most of U.S.
Department Of Energy: U.S. Crude Oil Stockpiles fell 2.3 Million
Barrels at 313.7 Million Barrels; U.S. Crude Oil Stockpiles fell 2.3
Million Barrels in the week compared to expectations of an increase of
1.7 Million Barrels; U.S. Gasoline Stockpiles fell 5.5 Million Barrels
in the week compared to expectations of a decrease by 1.7 Million
Barrels; U.S. Distillate Stockpiles increased by 100,000 Barrels in
the week compared to expectations of an increase of 1.5 Million
Barrels; U.S. Refineries ran at capacity of 81.4% compared to
expectations of an increase by 0.7 points at 83.7%.
Building Permits fell by 5.8% to 927,000 Rate in March; February
Housing Starts revised down 0.7% from a drop by 0.6%.
U.S. March Consumer Prices increased by 0.3% compared to consensus by
an increase by 0.3%; U.S. March CPI Ex-Food & Energy increased by 0.2%
compared to consensus by an increase by 0.2%; U.S. March CPI Unrounded
increased by 0.343%; U.S. March CPI Unrounded Core increased by 0.152%;
U.S. March CPI Energy Prices increased by 1.9%; U.S. March CPI Food
Prices increased by 0.2%; U.S. Real Average Weekly Earnings increased
by 0.2% during March.
Commodities Markets
Energy Sector:
Light Crude (NYM) gained $0.44 on the day to close at $114.23 a barrel
($US per bbl.); Heating Oil (NYM) gained $0.07 on the day to close at
$3.23 a gallon ($US per gal.); Natural Gas (NYM) gained $0.04 on the
day to close at $10.33 per million BTU ($US per mmbtu.); Unleaded Gas
(NYM) gained $0.04 on the day to close at $2.92 a gallon ($US per
gal.).
Metals Markets:
Gold (CMX) gained $16.30 to close at $948.30 ($US per Troy oz.); Silver
(CMX) gained $0.48 to close at $18.33 ($US per Troy oz.); Platinum (NYM)
gained $50.90 to close at $2,037.30 ($US per Troy oz.) and Copper (CMX)
gained $0.10 to close at $3.96 ($US per lb.).
Livestock and Meat Markets (cents per lb.):
Lean Hogs (CME) shed 0.05 to close at 74.05; ****k Bellies (CME) shed
1.95 to close at 78.00; Live Cattle (CME) gained 0.13 to close at
91.70; Feeder Cattle (CME) shed 0.18 to close at 107.10.
Other Commodities (cents per bu.):
Corn (CBT) shed 2.50 to close the session at 617.00 and Soybeans (CBT)
shed 36.00 to close the session at 1,361.00.
Bonds were higher across the board today:
2 year bond shed 7/32 at 99 18/32 with a Yield of 1.97, Yield Change
+0.11; 5 year bond shed 16/32 to close at 98 18/32 with a Yield of
2.81, Yield Change +0.12; 10 year bond shed 19/32 to close at 98 18/32
with a Yield of 3.67, Yield Change +0.07; the 30 year bond shed 1 2/32
to close at 97 2/32 on the day with a Yield of 4.50, Yield Change
+0.06.
The e-mini Dow $5 ended the commodity session today at 12,622 with a
gain of 268 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.
The end of day results for the CBOT (Chicago Board of Trade) which is
comprised of the total Exchange Volume for Futures and Options (EVFO)
including Electronic, Open Auction, Cash Exchange, Wholesale and
Cleared Only ended the day at 3,455,548; Open Interest for Futures
gained 79,754 points to close at 9,439,747; the Open Interest for
Options gained 39,150 points to close at 9,165,146 and the Cleared Only
gained 5 points to close at 30,011 for a total Open Interest on the day
of 18,634,904 for a total Change on the day with a gain of 118,902
points.
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