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DOW Tanks 370 Points on Economic Woes

Discussion in 'Forex Daily News & Outlook' started by MTnews, Feb 5, 2008.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for February 5, 2008 from Millennium-Traders.Com

    At the closing bell on the Stock Exchange, here is how the major indices ended the session on the U.S. Markets:

    DOW (Dow Jones Industrial Average) triple digit loss of 370.03 points on the day to end the session at 12,265.13

    NYSE (New York Stock Exchange) triple digit loss of 327.61 points to end the session at 8,874.50

    NASDAQ loss of 73.28 points for a close at 2,309.57

    S&P 500 loss of 44.18 points for a close at 1,336.64

    RUSSELL 2000 loss of 21.88 points to close at 701.58

    FTSE Global Equity Index Series (GEIS) loss of 7.16 points to close at 238.56

    FTSE RAFI 1000 triple digit loss of 174.99 points to close at 5,510.21

    BEL 20 triple digit loss of 120.82 points to close at 3,688.83

    CAC 40 triple digit loss of 196.78 points to close at $4,776.86

    FTSE100 triple digit loss of 158.2 points to close at 5,868.00

    NIKKEI 225 triple digit loss of 114.2 points to close at 13,745.50

    On the NYSE today, advancers came in at 622; decliners totaled 2,572; unchanged came in at 73; new highs came in at 19 and new lows came in at 35. Momentum stocks traded by active Day Traders on the NYSE today: Las Vegas Sands Corporation (LVS) gained 7.45 points with a high on the day of $93.85, a low of $84.76 for a closing price at $88.90; Goldman Sachs Group Incorporated (GS) shed 10.94 points with a high on the day of $197.31, a low of $189.61 for a closing price at $189.86; NYSE Euronext, Incorporated (NYX) shed 11.70 points with a high on the day of $79.00, a low of $71.03 for a closing price at $71.03; Whirlpool Corp (WHR) gained 8.41 points with a high on the day of $94.19, a low of $84.55 for a closing price at $90.00; Martin Marietta Materials Incorporated (MLM) shed 12.10 points with a high on the day of $112.91, a low of $104.07 for a closing price at $106.02; Petroleo Brasileiro (PBR) shed 7.42 points with a high on the day of $111.06, a low of $105.60 for a closing price at $106.47; Principal Financial Group Incorporated (PFG) shed 6.71 points with a high on the day of $54.97, a low of $51.01 for a closing price at $53.10; CME Group, Incorporated (CME) shed 30.20 points with a high on the day of $624.51, a low of $588.77 for a closing price at $588.80; Siemens AG (SI) shed 8.20 points with a high on the day of $128.11, a low of $123.93 for a closing price at $125.57; Fluor Corporation (FLR) shed 10.86 points with a high on the day of $121.06, a low of $112.11 for a closing price at $112.40; Monsanto Corporation (MON) shed 6.70 points with a high on the day of $114.55, a low of $107.49 for a closing price at $107.57; InterContinental Exchange, Incorporated (ICE) shed 11.60 points with a high on the day of $137.34, a low of $124.53 for a closing price at $124.65; Mosaic Corporation (MOS) shed 5.76 points with a high on the day of $100.90, a low of $92.11 for a closing price at $92.69; CF Industries Holdings, Incorporated (CF) shed 7.40 points with a high on the day of $112.38, a low of $102.50 for a closing price at $103.72; Potash Corp. of Saskatchewan, Incorporated (POT) shed 5.14 points with a high on the day of $147.10, a low of $138.80 for a closing price at $139.86; Flotek Industries Incorporated (FTK) shed 3.44 points with a high on the day of $21.54, a low of $18.11 for a closing price at $18.11.

    On the NASDAQ today, advanced totaled 629; decliners totaled 2,315; unchanged came in at 114; new highs came in at 16 and new lows came in at 99. Momentum stocks traded by active Day Traders on the NASDAQ today: Garmin Limited (GRMN) shed 5.88 points with a high on the day of $66.23, a low of $61.89 for a closing price at $63.78; Research In Motion Limited (RIMM) shed 4.87 points with a high on the day of $93.38, a low of $88.03 for a closing price at $88.30; SiRF Technology Holdings Incorporated (SIRF) shed 8.91 points with a high on the day of $8.50, a low of $6.97 for a closing price at $7.36; Sigma Designs Incorporated (SIGM) shed 6.43 points with a high on the day of $48.36, a low of $43.04 for a closing price at $43.16; VCA Antech Incorporated (WOOF) shed 7.37 points with a high on the day of $32.99, a low of $31.40 for a closing price at $32.13; Illumina Incorporated (ILMN) gained 6.61 points with a high on the day of $71.80, a low of $68.21 for a closing price at $71.50; Cbeyond, Incorporated (CBEY) shed 4.58 points with a high on the day of $32.92, a low of $28.59 for a closing price at $28.76; Baidu.com Incorporated (BIDU) shed 18.79 points with a high on the day of $267.97, a low of $250.92 for a closing price at $253.49; Wynn Resorts Limited (WYNN) gained 7.89 points with a high on the day of $123.00, a low of $112.66 for a closing price at $119.36; First Solar, Incorporated (FSLR) shed 14.90 points with a high on the day of $191.50, a low of $177.64 for a closing price at $178.00; Google Incorporated (GOOG) gained 11.37 points with a high on the day of $509.00, a low of $488.52 for a closing price at $506.80.

    Redbook data released today: U.S. Retail Sales for first 4 weeks of January fell 0.4% versus December.

    U.S. Institute for Supply Management (ISM) January Non-Manufacturing Composite Index came in at 44.6; U.S. ISM January Non-Manufacturing New Orders Index came in at 43.5 versus December reading at 53.9; U.S. ISM January Non-Manufacturing Prices Index came in at 70.7 versus December reading at 71.5; U.S. ISM January Non-Manufacturing Employment Index came in at 43.9 versus December reading at 51.8; U.S. ISM January Non-Manufacturing Business Index was expected to come in at 52.5; U.S. ISM January Non-Manufacturing Business Index came in at 41.9 versus December reading at 54.4.

    Commodities Markets: The trend was mostly lower across the board today for the Energy Sector: Light crude moved lower today by $1.61 to close at $88.41 a barrel; Heating Oil moved lower today by $0.04 to close at $2.45 a gallon; Natural Gas moved higher today by $0.08 to close at $7.95 per million BTU and Unleaded Gas moved lower today by $0.05 to close at $2.26 a gallon.

    Metals Markets: ended the session lower across the board today: Gold moved sharply lower today by $19.10 to close at $890.30 a Troy ounce; Silver moved lower today by $0.44 to close at $16.35 per Troy ounce; Platinum moved sharply lower today by $12.10 to close at $1,781.00 per Troy ounce and Copper moved lower by $0.09 today to close at $3.21 per pound.

    On the Livestock and Meat Markets, the trend was mostly higher across the board today: Lean Hogs ended the day lower by $1.05 to close at $66.15; Pork Bellies ended the day higher by $0.10 to close at $93.00; Live Cattle ended the day higher by $0.70 at $94.63 and Feeder Cattle ended the day higher by $0.76 at $105.50.

    Other Commodities: Corn ended the day lower by $1.25 at $510.25 and Soybeans moved lower today by $3.00 to end the session at $1,323.00.

    Bonds were higher across the board today: 2 year bond moved higher by 9/32 to close at 100 12/32; 5 year bond moved higher by 21/32 to close at 101 3/32 today; 10 year bond moved higher by 21/32 to close at 105 18/32 and the 30 year bond moved higher by 1 1/32 to close at 111 6/32 on the day.

    The e-mini Dow ended the session today at 12,309 with a loss of 303 points on the trading session. The total Dow Exchange Volume for the day came in at 119,082 which are comprised of Electronic, Open Auction and Cash Exchange. Traders should review workshops available at the CBOT (Chicago Board of Trade) Educational in-person seminars schedules available on 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 and Cash Exchange ended the day at 2,901,438; Open Interest for Futures moved lower by 228,299 points to close at 10,383,285; the Open Interest for Options moved higher by 72,589 points to close at 9,572,187 and the Cleared Only closed lower by 1,007 points to close at 21,032 for a total Open Interest on the day of 19,976,504 for a total Change on the day with a loss of 156,717 points.

    Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

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