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Tropical Depressions

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

  1. MTnews

    MTnews Content Contributor

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

    Across the country, major sighs of relief could be heard over the minimal amount of damage caused to oil rigs, oil platforms and oil pipelines was seen, by Hurricane Gustav resulting in the fall of Crude oil today to just under $110 a barrel in comparison to the price per barrel a year ago in the range of $70 per barrel. .… (read more)

    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 session on the world market as well as the emerging markets including the stock market closing bell price:
    DOW (Dow Jones Industrial Average) loss of 26.63 points on the day to end the trading session at 11,516.92
    NYSE (New York Stock Exchange) loss of 85.11 points to end the trading session at 8,296.97
    NASDAQ loss of 18.28 points to end the trading session at 2,349.24
    S&P 500 loss of 5.25 points to end the trading session at 1,277.58
    FTSE All-World excluding - U.S. loss of 2.87 points to end the trading session at 217.68
    FTSE RAFI 1000 gain of 12.71 points to end the trading session at 5,075.03
    BEL 20 (BEL20) gain of 75.59 points to end the trading session at 3,211.59
    CAC 40 (CAC40) gain of 56.47 points to end the trading session at 4,539.07
    FTSE100 (UKX100) loss of 15.9 points to end the trading session at 5,620.70
    NIKKEI 225 (NIK/O) triple digit loss of 463.4 points on the day to end the trading session at 12,609.47

    New York Stock Exchange (NYSE) stock market indicators for the day:
    Advanced stock prices 1,721; declined stock prices 1,441; unchanged stock prices 97; stock prices hitting new highs 53 and stock prices hitting new lows 44.
    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: Norfolk Southern Corporation (NYSE: NSC) stock price shed 3.55 points on the trading session, high on the trading session $74.50, low on the trading session $69.65 with a closing stock price at $69.98; Transocean Incorporated (NYSE: RIG) stock price shed 3.04 points on the trading session, high on the trading session $126.20, low on the trading session $124.00 with a closing stock price at $124.16; BHP Billiton Limited (NYSE: BHP) stock price shed 5.76 points on the trading session, high on the trading session $64.81, low on the trading session $63.90 with a closing stock price at $64.75; Streettracks Gold Trust (NYSE: GLD) stock price shed 2.51 points on the trading session, high on the trading session $79.79, low on the trading session $77.98 with a closing stock price at $79.20; Consol Energy Incorporated (NYSE: CNX) stock price shed 5.43 points on the trading session, high on the trading session $65.47, low on the trading session $59.77 with a closing stock price at $62.28; Mosaic Company (NYSE: MOS) stock price shed 9.53 points on the trading session, high on the trading session $104.00, low on the trading session $96.80 with a closing stock price at $97.21; Cleveland-Cliffs Incorporated (NYSE: CLF) stock price shed 8.57 points on the trading session, high on the trading session $99.01, low on the trading session $92.01 with a closing stock price at $92.65; Suntech Power Holdings Corporation Limited (NYSE: STP) stock price shed 2.89 points on the trading session, high on the trading session $47.13, low on the trading session $43.81 with a closing stock price at $44.92; Rio Tinto plc (NYSE: RTP) stock price shed 39.73 points on the trading session, high on the trading session $347.89, low on the trading session $339.00 with a closing stock price at $339.99; LDK Solar Corporation Limited (NYSE: LDK) stock price shed 2.52 points on the trading session, high on the trading session $50.51, low on the trading session $48.10 with a closing stock price at $48.74; CME Group Incorporated (NYSE: CME) stock price gained 3.39 points on the trading session, high on the trading session $344.62, low on the trading session $332.03 with a closing stock price at $338.77; Potash Corporation Saskatchewan (NYSE: POT) stock price shed 11.33 points on the trading session, high on the trading session $167.65, low on the trading session $161.63 with a closing stock price at $162.27; United States Steel Corporation (NYSE: X) stock price shed 11.10 points on the trading session, high on the trading session $128.00, low on the trading session $119.30 with a closing stock price at $121.97; CF Industries Holdings Incorporated (NYSE: CF) stock price shed 14.38 points on the trading session, high on the trading session $146.93, low on the trading session $137.55 with a closing stock price at $138.02; Devon Energy Corporation (NYSE: DVN) stock price shed 6.04 points on the trading session, high on the trading session $98.88, low on the trading session $95.02 with a closing stock price at $96.01; Ultrashort Financial Corporation (NYSE: SKF) stock price shed 3.31 points on the trading session, high on the trading session $116.93, low on the trading session $108.75 with a closing stock price at $113.38.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
    Advanced stock prices 1,427; declined stock prices 1,451; unchanged stock prices 130; stock prices hitting new highs 58; stock prices hitting new lows 71.
    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 shed 14.87 points on the trading session, high on the trading session $271.48, low on the trading session $258.00 with a closing stock price at $261.77; Google Incorporated (NasdaqGS: GOOG) stock price gained 0.71 points on the trading session, high on the trading session $482.18, low on the trading session $461.42 with a closing stock price at $464.00.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
    Advanced stock prices 468; declined stock prices 726; unchanged stock prices 76; stock prices hitting new highs 13; stock prices hitting new lows 31.

    Chicago Board of Trade Futures Market activity for the day, at time of this posting for September 2008 Contracts:
    E-mini S&P 500 (ES) end of day price 1,276.00 change -0.50
    E-mini NASDAQ-100 (NQ) end of day price 1,852.25, change 0.75
    E-mini S&P SmallCap 600 (SMP) end of day price 387.70, change 0.00
    $5 DJIA (YM) end of day price 11,512, change -2

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.6890 to U.S. Dollars 1.4513
    Japanese Yen 108.570 to U.S. Dollars 0.0092
    British Pound 0.5609 to U.S. Dollars 1.7830
    Canadian Dollar 1.0679 to U.S. Dollars 0.9364
    Swiss Franc 1.1065 to U.S. Dollars 0.9038

    Commodity Markets:
    Energy Sector: Light Crude (NYMEX: NYM) shed $5.75 on the day for a closing price of $109.71 a barrel ($US per barrel)
    Heating Oil (NYMEX: NYM) shed $0.12 on the day for a closing price of $3.07 a gallon ($US per gallon)
    Natural Gas (NYMEX: NYM) shed $0.68 on the day for a closing price of $7.26 per million BTU ($US per mmbtu.)
    Unleaded Gas (NYMEX: NYM) shed $0.12 on the day for a closing price of $2.73 a gallon ($US per gallon)

    Metals Markets:
    Gold Market Price (COMEX: CMX) shed $24.70 on the day for a closing price of $810.50 ($US per Troy ounce)
    Silver (COMEX: CMX) shed $0.56 on the day for a closing price of $13.15 ($US per Troy ounce)
    Platinum (NYMEX: NYM) shed $86.30 on the day for a closing price of $1,403.50 ($US per Troy ounce)
    Copper (COMEX: CMX) shed $0.11 on the day for a closing price of $3.27 ($US per pound)

    Livestock and Meat Markets (cents per lb.):
    Lean Hogs (Chicago Mercantile Exchange: CME) gained 1.13 on the day for a closing price of 69.55
    Pork Bellies (Chicago Mercantile Exchange: CME) shed 0.20 on the day for a closing price of 92.75
    Live Cattle (Chicago Mercantile Exchange: CME) shed 0.30 on the day for a closing price of 103.75
    Feeder Cattle (Chicago Mercantile Exchange: CME) gained 0.78 on the day for a closing price of 111.73

    Other Commodities (cents per bushel):
    Corn (Chicago Board of Trade: CBT) shed 15.75 on the day for a closing price of 569.25
    Soybeans (Chicago Board of Trade: CBT) shed 25.50 on the day for a closing price of 1,298.50

    Bond Market:
    2 year bond gained 7/32 on the day for a closing price of 100 6/32 with a Yield of 2.26, Yield Change -0.13
    5 year bond gained 15/32 on the day for a closing price of 100 19/32 with a Yield of 2.99, Yield Change -0.10
    10 year bond gained 31/32 on the day for a closing price of 102 6/32 with a Yield of 3.73, Yield Change -0.12
    30 year bond gained 1 13/32 on the day for a closing price of 102 13/32 with a Yield of 4.35, Yield Change -0.08

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