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Energy Costs

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

  1. MTnews

    MTnews Content Contributor

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

    Ongoing surge of energy costs put the whammy on United Parcel Service (NYSE: UPS) and Dow Chemical (NYSE: DOW) as they warned of increased shipping costs. Jet-fuel costs by UPS have increased by 30% for the quarter and the company must allow at least two months to recover the expenses through surcharges on customers. (read more)

    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 world market as well as the emerging markets including the stock market closing price:

    DOW (Dow Jones Industrial Average) loss of 34.93 points on the day to end the trading session at 11,807.43
    NYSE (New York Stock Exchange) loss of 38.55 points to end the trading session at 8,803.34
    NASDAQ loss of 17.46 points to end the trading session at 2,368.28
    S&P 500 loss of 3.72 points to end the trading session at 1,314.28
    FTSE All-World ex-U.S. loss of 0.96 points to end the trading session at 234.64
    FTSE RAFI 1000 loss of 4.63 points to end the trading session at 5,138.07
    BEL 20 (BEL20) loss of 31.95 points to end the trading session at 3,318.54
    CAC 40 (CAC40) gain of 37.61 points to end the trading session at 4,473.76
    FTSE100 (UKX100) loss of 32.5 points to end the trading session at 5,634.7
    NIKKEI 225 (NIK/O) loss of 7.91 points to end the trading session at 13,849.56

    Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 988; declined stocks 2,198; unchanged stocks 85; stocks hitting new highs 43; stocks hitting new lows 366. List of volatile stocks 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: Walter Industries Incorporated (NYSE: WLT) shed 4.32 points on the trading session, high on the trading session $106.29, low on the trading session $97.31 for a closing stock price at $100.25; PetroChina Company Limited (NYSE: PTR) shed 2.08 points on the trading session, high on the trading session $133.78, low on the trading session $129.10 for a closing stock price at $131.77; CF Industries Holdings Incorporated (NYSE: CF) shed 8.13 points on the trading session, high on the trading session $170.18, low on the trading session $159.14 for a closing stock price at $160.22; Kroger Corporation (NYSE: KR) gained 1.82 points on the trading session, high on the trading session $28.50, low on the trading session $27.05 for a closing stock price at $27.82; Petroleo Brasileiro SA (NYSE: PBR) shed 0.18 points on the trading session, high on the trading session $67.74, low on the trading session $65.85 for a closing stock price at $66.14; Transocean Incorporated (NYSE: RIG) shed 3.11 points on the trading session, high on the trading session $154.51, low on the trading session $151.19 for a closing stock price at $151.55; Valmont Industries Incorporated (NYSE: VMI) shed 1.97 points on the trading session, high on the trading session $110.16, low on the trading session $105.36 for a closing stock price at $106.47; Reliance Steel & Aluminum Corporation (NYSE: RS) gained 0.26 points on the trading session, high on the trading session $78.31, low on the trading session $73.32 for a closing stock price at $73.74; United Parcel Service Incorporated (NYSE: UPS) shed 4.00 points on the trading session, high on the trading session $64.72, low on the trading session $62.18 for a closing stock price at $62.26; CGG Veritas (NYSE: CGV) shed 0.02 points on the trading session, high on the trading session $45.68, low on the trading session $43.62 for a closing stock price at $45.49; Mexco Energy Corporation (NYSE: MXC) shed 3.73 points on the trading session, high on the trading session $55.86, low on the trading session $43.80 for a closing stock price at $44.77; Oil Service HOLDRs (NYSE: OIH) shed 5.53 points on the trading session, high on the trading session $223.26, low on the trading session $218.97 for a closing stock price at $219.68; Cleveland-Cliffs Incorporated (NYSE: CLF) gained 3.23 points on the trading session, high on the trading session $117.58, low on the trading session $108.25 for a closing stock price at $114.50; Patriot Coal Corporation (NYSE: PCX) shed 5.41 points on the trading session, high on the trading session $148.50, low on the trading session $138.24 for a closing stock price at $140.58; Pyramid Oil Company (NYSE: PDO) gained 3.16 points on the trading session, high on the trading session $46.00, low on the trading session $38.00 for a closing stock price at $41.60; CenturyTel Incorporated (NYSE: CTL) gained 5.53 points on the trading session, high on the trading session $37.25, low on the trading session $34.37 for a closing stock price at $36.78; Bunge Limited (NYSE: BG) shed 0.97 points on the trading session, high on the trading session $113.87, low on the trading session $108.54 for a closing stock price at $109.73; Mosaic Company (NYSE: MOS) shed 7.69 points on the trading session, high on the trading session $151.36, low on the trading session $142.02 for a closing stock price at $142.98.

    Market trends on the NASDAQ today: advanced stocks 789; declined stocks 2,121; unchanged stocks 136; stocks hitting new highs 22; stocks hitting new lows 337. List of volatile stocks 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: COMSCORE Incorporated (NasdaqGS: SCOR) shed 6.37 points on the trading session, high on the trading session $25.33, low on the trading session $21.05 for a closing stock price at $21.32; Yahoo Incorporated (NasdaqGS: YHOO) gained 0.59 points on the trading session, high on the trading session $23.71, low on the trading session $20.60 for a closing stock price at $22.04; First Solar Incorporated (NasdaqGS: FSLR) shed 0.10 points on the trading session, high on the trading session $292.88, low on the trading session $283.00 for a closing stock price at $287.90; Penn National Gaming Incorporated (NasdaqGS: PENN) shed 2.17 points on the trading session, high on the trading session $34.38, low on the trading session $31.82 for a closing stock price at $32.45; Baidu.com Incorporated (NasdaqGS: BIDU) shed 12.16 points on the trading session, high on the trading session $318.55, low on the trading session $303.20 for a closing stock price at $306.70; Google Incorporated (NasdaqGS: GOOG) shed 1.10 points on the trading session, high on the trading session $551.19, low on the trading session $535.10 for a closing stock price at $544.10.

    Market trends on the American Stock Exchange (AMEX) today: advanced stocks 410; declined stocks 800; unchanged stocks 84; stocks hitting new highs 20; stocks hitting new lows 78.

    Redbook data released today: U.S. Retail Sales fell by 0.7% during first 3 weeks of June versus May.

    Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts:

    E-mini S&P 500 (ES) end of day price 1316.25, change -2.00

    E-mini NASDAQ-100 (NQ) end of day price1914.25, change -3.75

    E-mini S&P SmallCap 600 (SMP) end of day price 380.00, change 0.00

    $5 DJIA (YM) end of day price 11,826, change -5

    World Currencies at time of this posting:
    Euro 0.6405 to U.S. Dollars 1.5612

    Japanese Yen 107.44 to U.S. Dollars 0.0093

    British Pound 0.5072 to U.S. Dollars 1.9717

    Canadian Dollar 1.0137 to U.S. Dollars 0.9865

    Swiss Franc 1.0352 to U.S. Dollars 0.9660

    Commodities Markets:
    Energy Sector: Light Crude (NYM) gained $0.26 on the day for a closing price of $137.00 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.02 on the day for a closing price of $3.84 a gallon ($US per gal.); Natural Gas (NYM) shed $0.20 on the day for a closing price of $13.13 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.01 on the day for a closing price of $3.46 a gallon ($US per gal.).

    Metals Markets: Gold Market Price (CMX) gained $4.40 on the day for a closing price of $891.60 ($US per Troy oz.); Silver (CMX) shed $0.16 on the day for a closing price of $16.63 ($US per Troy oz.); Platinum (NYM) shed $14.20 on the day for a closing price of $2,031.50 ($US per Troy oz.) and Copper (CMX) shed $0.02 on the day for a closing price of $3.79 ($US per lb.).

    Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 1.45 on the day for a closing price of 75.90; Pork Bellies (CME) shed 0.75 on the day for a closing price of 72.35; Live Cattle (CME) shed 0.03 on the day for a closing price of 104.68; Feeder Cattle (CME) gained 0.43 on the day for a closing price of 113.48.

    Other Commodities (cents per bu.): Corn (CBT) shed 11.75 on the day for a closing price of 747.50 and Soybeans (CBT) shed 11.50 on the day for a closing price of 1,491.00.

    Bond action for the day: 2 year bond gained 6/32 on the day for a closing price of 99 18/32 with a Yield of 2.85, Yield Change -0.09; 5 year bond gained 12/32 on the day for a closing price of 99 25/32 with a Yield of 3.54, Yield Change -0.08; 10 year bond gained 14/32 on the day for a closing price of 98 3/32 with a Yield of 4.10, Yield Change -0.08; the 30 year bond gained 25/32 on the day for a closing price of 95 17/32 with a Yield of 4.65, Yield Change -0.05.

    Thanks for reading
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