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Citigroup

Discussion in 'Forex Daily News & Outlook' started by MTnews, Nov 24, 2008.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for November 24, 2008 from Millennium-Traders.Com

    A very important question from taxpayers is, should Citigroup still take $400M to have a baseball field named after them when the government/taxpayers gave them a loan? (read more)

    Economic data released today:

    Existing Home Sales:
    U.S. October Median Existing Home Price fell 11.3% on the year to $183,300; U.S. Inventory of Unsold U.S. Homes at 10.2 Months Supply.

    At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
    DOW (Dow Jones Industrial Average) triple digit gain of 387.57 points to end the trading session at 8,433.99
    NYSE (New York Stock Exchange) triple digit gain of 351.22 points to end the trading session at 5,311.01
    National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 87.67 points to end the trading session at 1,472.02
    S&P 500 (SPX) gain of 51.28 points to end the trading session at 851.32
    FTSE All-World Index data excluding U.S. (AW01UK) gain of 9.01 points to end the trading session at 137.32
    FTSE RAFI 1000 triple digit gain of 220.90 points to end the trading session at 3,219.26
    BEL 20 (BEL20) gain of 44.48 points to end the trading session at 1,828.18
    CAC 40 (CAC40) triple digit gain of 290.85 points to end the trading session at 3,172.11
    FTSE100 (UKX100) triple digit gain of 372 points to end the trading session at 4,152.96
    NIKKEI 225 (NIK/O) - closed November 24

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 2,796, declined stock prices 424; unchanged stock prices 34; stock prices hitting new highs 1 and stock prices hitting new lows n/a. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Rio Tinto (NYSE: RTP) stock price gained 13.90 points on the trading session, high on the trading session $150.20, low on the trading session $134.40 with a closing stock price at $145.01; ProShares Ultrashort QQQ (NYSE: QID) stock price shed 10.92 points on the trading session, high on the trading session $88.00, low on the trading session $76.78 with a closing stock price at $79.19; Cooper Industries Limited (NYSE: CBE) stock price shed 1.76 points on the trading session, high on the trading session $23.04, low on the trading session $19.32 with a closing stock price at $22.38; POSCO (NYSE: PKX) stock price gained 1.52 points on the trading session, high on the trading session $57.45, low on the trading session $51.01 with a closing stock price at $55.70; ProShares Ultrashort Real Estate (NYSE: SRS) stock price shed 73.47 points on the trading session, high on the trading session $227.20, low on the trading session $140.19 with a closing stock price at $143.20; Morgan Stanley Incorporated (NYSE: MS) stock price gained 3.33 points on the trading session, high on the trading session $13.62, low on the trading session $10.61 with a closing stock price at $13.38; Goldman Sachs Group Incorporated (NYSE: GS) stock price gained 14.11 points on the trading session, high on the trading session $70.10, low on the trading session $55.27 with a closing stock price at $67.42; ProShares Ultrashort S&P 500 (NYSE: SDS) stock price shed 12.84 points on the trading session, high on the trading session $110.29, low on the trading session $94.10 with a closing stock price at $100.10; Potash Corporation (NYSE: POT) stock price shed 0.78 points on the trading session, high on the trading session $64.39, low on the trading session $59.24 with a closing stock price at $59.64; ProShares Ultrashort Financials (NYSE: SKF) stock price shed 70.13 points on the trading session, high on the trading session $232.00, low on the trading session $161.02 with a closing stock price at $173.99; CME Group Incorporated (NYSE: CME) stock price gained 25.41 points on the trading session, high on the trading session $201.11, low on the trading session $171.85 with a closing stock price at $201.19.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 2,187; declined stock prices 749; unchanged stock prices 113; stock prices hitting new highs 6 and stock prices hitting new lows 273. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: First Solar Incorporated (NasdaqGS: FSLR) stock price gained 19.19 points on the trading session, high on the trading session $116.00, low on the trading session $98.63 with a closing stock price at $112.00; Baidu.com Incorporated (NasdaqGS: BIDU) stock price gained 2.44 points on the trading session, high on the trading session $118.50, low on the trading session $109.17 with a closing stock price at $115.13; Google Incorporated (NasdaqGS: GOOG) stock price shed 5.44 points on the trading session, high on the trading session $269.95, low on the trading session $249.01 with a closing stock price at $256.99.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 421; declined stock prices 228; unchanged stock prices 65; stock prices hitting new highs n/a and stock prices hitting new lows n/a.

    Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts:
    E-mini S&P 500 (ES) end of trading session price 850.75, 58.75
    E-mini NASDAQ-100 (NQ) end of trading session price 1,151.75, 60.75
    E-mini DOW $5 (YM) end of trading session price 8,383, 347
    E-mini S&P MidCap 400 end of trading session price 473.10, 39.70
    E-mini S&P SmallCap 600 (SMP) end of trading session price 235.20, 16.20

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7747 to U.S. Dollars 1.2908
    Japanese Yen 97.010 to U.S. Dollars 0.0103
    British Pound 0.6599 to U.S. Dollars 1.5154
    Canadian Dollar 1.2345 to U.S. Dollars 0.810
    Swiss Franc 1.1960 to U.S. Dollars 0.8361

    Commodity Markets:
    Energy Sector: Light Crude (NYMEX: NYM) gained $4.57 on the trading session for a closing price of $54.50 barrel ($US per barrel)
    Heating Oil (NYMEX: NYM) gained $0.09 on the trading session for a closing price of $1.80 a gallon ($US per gallon)
    Natural Gas (NYMEX: NYM) gained $0.32 on the trading session for a closing price of $6.82 per million BTU ($US per mmbtu.)
    Unleaded Gas (NYMEX: NYM) gained $0.08 on the trading session for a closing price of $1.14 a gallon ($US per gallon)

    Metals Markets:
    Gold Market Price (COMEX: CMX) gained $27.70 on the trading session for a closing price of $819.50 ($US per Troy ounce)
    Silver (COMEX: CMX) gained $0.87 on the trading session for a closing price of $10.38 ($US per Troy ounce)
    Platinum (NYMEX: NYM) gained $40.70 on the trading session for a closing price of $866.40 ($US per Troy ounce)
    Copper (COMEX: CMX) gained $0.09 on the trading session for a closing price of $1.67 ($US per pound)

    Livestock and Meat Markets (cents per lb.):
    Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.65 on the trading session for a closing price of 64.75
    Pork Bellies (Chicago Mercantile Exchange: CME) gained 1.80 on the trading session for a closing price of 92.10
    Live Cattle (Chicago Mercantile Exchange: CME) gained 2.10 on the trading session for a closing price of 87.63
    Feeder Cattle (Chicago Mercantile Exchange: CME) gained 1.90 on the trading session for a closing price of 91.30

    Other Commodities (cents per bushel):
    Corn (Chicago Board of Trade: CBT) gained 16.75 on the trading session for a closing price of 371.00
    Soybeans (Chicago Board of Trade: CBT) gained 44.00 on the trading session for a closing price of 884.00

    Bond Market:
    2 year bond shed 7/32 on the trading session for a closing price of 100 17/32 with a Yield of 1.21, Yield Change 0.12
    5 year bond shed 28/32 on the trading session for a closing price of 102 17/32 with a Yield of 2.20, Yield Change 0.19
    10 year bond shed 1 8/32 on the trading session for a closing price of 103 14/32 with a Yield of 3.34, Yield Change 0.15
    30 year bond shed 2 6/32 on the trading session for a closing price of 112 18/32 with a Yield of 3.75, Yield Change 0.08

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