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Financial Markets

Discussion in 'Forex Daily News & Outlook' started by MTnews, Jun 2, 2008.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for June 2, 2008 from Millennium-Traders.Com

    Todays top stock pick for the trading session was Acorda Therapeutics Incorporated (NasdaqGS: ACOR) with a gain of almost seven bucks by the closing bell. The price rise was attributed to reports that a second late stage study of Fampridine-SR improved walking speed of multiple sclerosis patients, with no additional safety risks. (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 U.S. Markets:
    DOW (Dow Jones Industrial Average) triple digit loss of 134.50 points on the day to end the session at 12,503.82
    NYSE (New York Stock Exchange) loss of 84.47 points to end the session at 9,316.61
    NASDAQ loss of 31.13 points for a close at 2,491.53
    S&P 500 loss of 14.70 points for a close at 1,385.68
    FTSE All-World ex-U.S. loss of 1.44 points to close at 252.00
    FTSE RAFI 1000 loss of 52.36 points for a close at 5,538.96
    BEL 20 loss of 59.02 points to close at 3,692.39
    CAC 40 loss of 79.07 points to close at 4,935.21
    FTSE100 loss of 45.9 points to close at 6,007.6
    NIKKEI 225 triple digit gain of 101.6 points to close at 14,440.10

    News on the New York Stock Exchange (NYSE) today: advanced stocks 977; declined stocks 2,166; unchanged stocks 110; stocks hitting new highs 49; stocks hitting new lows 51. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: CME Group, Incorporated (NYSE: CME) shed 18.20 points on the trading day, high on the trading day $430.00, low on the trading day $399.61, for a closing price at $412.10; MasterCard Incorporated (NYSE: MA) gained 11.35 points on the trading day, high on the trading day $320.00, low on the trading day $302.57, for a closing price at $320.00;Potash Corporation of Saskatchewan (NYSE: POT) gained 4.11 points on the trading day, high on the trading day $205.23, low on the trading day $197.60 for a closing price at $203.18; Mosaic Company (NYSE: MOS) gained 0.49 points on the trading day, high on the trading day $129.49, low on the trading day $124.00 for a closing price at $125.81; Monsanto Company (NYSE: MON) gained 1.15 points on the trading day, high on the trading day $130.44, low on the trading day $126.65 for a closing price at $128.55; (NYSE: CF) gained 2.690 points on the trading day, high on the trading day $143.08, low on the trading day $136.50 for a closing price at $139.50; WellCare Health Plans Incorporated (NYSE: WCG) shed 2.11 points on the trading day, high on the trading day $55.73, low on the trading day $51.42 for a closing price at $53.06.

    News on the NASDAQ today: advanced stocks 912 declined stocks 2,044; unchanged stocks 91; stocks hitting new highs 53; stocks hitting new lows 107. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Agilysys Incorporated (NasdaqGS: AGYS) shed 0.27 points on the trading day, high on the trading day $10.38, low on the trading day $9.21 for a closing price at $10.16; Acorda Therapeutics Incorporated (NasdaqGS: ACOR) gained 6.79 points on the trading day, high on the trading day $28.82, low on the trading day $26.13 for a closing price at $28.35; Baidu.com Incorporated (NasdaqGS: BIDU) shed 7.70 points on the trading day, high on the trading day $345.99, low on the trading day $334.73 for a closing price at $337.36; ImClone Systems Incorporated (NasdaqGS: IMCL) shed 2.71 points on the trading day, high on the trading day $41.45, low on the trading day $40.33 for a closing price at $40.86; Google Incorporated (NasdaqGS: GOOG) shed 10.80 points on the trading day, high on the trading day $583.89, low on the trading day $571.27 for a closing price at $575.00; Quantum Fuel Systems Technologies (NasdaqGS: QTWW) gained 0.22 points on the trading day, high on the trading day $2.65, low on the trading day $2.38 for a closing price at $2.65; AVANT Immunotherapeutics Incorporated (NasdaqGS: AVAN) gained 4.01 points on the trading day, high on the trading day $19.79, low on the trading day $13.80 for a closing price at $18.02; Apple Incorporated (NasdaqGS:AAPL) shed 2.63 points on the trading day, high on the trading day $189.65, low on the trading day $184.53 for a closing price at $186.12; K-Swiss Incorporated (NasdaqGS:KSWS) gained 1.63 points on the trading day, high on the trading day $17.71, low on the trading day $15.74 for a closing price at $17.65; First Solar, Incorporated (NasdaqGS: FSLR) shed 11.64 points on the trading day, high on the trading day $261.95, low on the trading day $251.00 for a closing price at $255.90.

    News on the American Stock Exchange (AMEX) today: advanced stocks 467; declined stocks 732; unchanged stocks 93; stocks hitting new highs 31; stocks hitting new lows 17.

    Commodities Markets
    Energy Sector: Light Crude (NYM) gained $0.41 on the day to close at $127.76 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.06 on the day to close at $3.72 a gallon ($US per gal.); Natural Gas (NYM) gained $0.27 on the day to close at $11.97 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.04 on the day to close at $3.39 a gallon ($US per gal.).

    Metals Markets: Gold (CMX) gained $5.40 to close at $896.90 ($US per Troy oz.); Silver (CMX) gained $0.05 to close at $16.91 ($US per Troy oz.); Platinum (NYM) shed $0.80 on the day to close at $2,013.00 ($US per Troy oz.) and Copper (CMX) shed $0.01 to close at $3.60 ($US per lb.).

    Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 1.90 to close at 76.20; Pork Bellies (CME) shed 0.73 to close at 78.00; Live Cattle (CME) shed 1.03 to close at 100.83; Feeder Cattle (CME) shed 2.3 to close at 113.70.

    Other Commodities (cents per bu.): Corn (CBT) gained 16.75 to close the session at 643.25 and Soybeans (CBT) gained 2.00 to close session at 1,365.50.

    Bond action for the day: 2 year bond gained 8/32 to close at 100 6/32 with a Yield of 2.20, Yield Change -0.13; 5 year bond gained 19/32 to close at 100 30/32 with a Yield of 3.28, Yield Change -0.14; 10 year bond gained 21/32 to close at 99 9/32 with a Yield of 3.97, Yield Change -0.09; the 30 year bond gained 22/32 to close at 95 5/32 on the day with a Yield of 4.67, Yield Change -0.05.

    The e-mini Dow $5 ended the commodity session today at 12,484 with a loss of 153 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.

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

    Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.

    Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.

    Thanks for reading
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