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Daily Market Commentary for August 7, 2008 from Millennium-Traders.Com

It has confirmed that annual inflation rates are likely to remain well above levels consistent with price stability for a protracted period of time and that risks to price stability over the medium term remain on the upside. This assessment is underpinned by continued vigorous money growth, with so far no signs of significant constraints on bank loan supply. (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) triple digit loss of 224.64 points on the day to end the trading session at 11,431.43
NYSE (New York Stock Exchange) triple digit loss of 163.04 points to end the trading session at 8,338.40
NASDAQ loss of 22.64 points to end the trading session at 2,355.73
S&P 500 loss of 23.12 points to end the trading session at 1,266.07
FTSE All-World excluding - U.S. loss of 2.71 points to end the trading session at 223.05
FTSE RAFI 1000 triple digit loss of 109.26 points to end the trading session at 4,974.24
BEL 20 (BEL20) loss of 77.23 points to end the trading session at 3,046.81
CAC 40 (CAC40) gain of 9.1 points to end the trading session at 4,457.43
FTSE100 (UKX100) loss of 8.6 points to end the trading session at 5,477.50
NIKKEI 225 (NIK/O) triple digit loss of 129.90 points on the day to end the trading session at 13,124.99

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 777; declined stock prices 2,394; unchanged stock prices 84; stock prices hitting new highs 21 and stock prices hitting new lows 86.
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: Murphy Oil Corporation (NYSE: MUR) stock price shed 4.48 points on the trading session, high on the trading session $83.32, low on the trading session $76.08 for a closing stock price at $76.26; Bunge Limited (NYSE: BG) stock price shed 0.27 points on the trading session, high on the trading session $93.90, low on the trading session $91.69 for a closing stock price at $93.11; Constellation Energy Group Incorporated (NYSE: CEG) stock price gained 0.55 points on the trading session, high on the trading session $75.02, low on the trading session $72.37 for a closing stock price at $74.60; Nationwide Financial Services Incorporated (NYSE: NFS) stock price gained 4.60 points on the trading session, high on the trading session $51.10, low on the trading session $50.90 for a closing stock price at $51.05; American International Group Incorporated (NYSE: AIG) stock price shed 5.25 points on the trading session, high on the trading session $25.72, low on the trading session $23.53 for a closing stock price at $23.84; Martin Marietta Materials Incorporated (NYSE: MLM) stock price shed 5.74 points on the trading session, high on the trading session $105.78, low on the trading session $98.10 for a closing stock price at $103.11; Tenaris S.A. (NYSE: TS) stock price shed 2.01 points on the trading session, high on the trading session $60.12, low on the trading session $57.44 for a closing stock price at $57.63; Edwards Lifesciences Corporation (NYSE: EW) stock price shed 5.68 points on the trading session, high on the trading session $58.19, low on the trading session $53.75 for a closing stock price at $57.84; URS Corporation (NYSE: URS) stock price gained 1.62 points on the trading session, high on the trading session $46.06, low on the trading session $42.88 for a closing stock price at $44.41; Rio Tinto plc (NYSE: RTP) stock price shed 12.03 points on the trading session, high on the trading session $383.87, low on the trading session $368.04 for a closing stock price at $368.16;CME Group Incorporated (NYSE: CME) stock price shed 8.19 points on the trading session, high on the trading session $343.94, low on the trading session $327.91 for a closing stock price at $328.49; Nucor Corporation (NYSE: NUE) stock price shed 0.10 points on the trading session, high on the trading session $54.68, low on the trading session $53.03 for a closing stock price at $53.66; Ultrashort Financial Corporation (NYSE: SKF) stock price gained 9.98 points on the trading session, high on the trading session $125.25, low on the trading session $115.36 for a closing stock price at $123.20; Walter Industries Incorporated (NYSE: WLT) stock price shed 4.55 points on the trading session, high on the trading session $94.30, low on the trading session $87.13 for a closing stock price at $88.26; United States Steel Corporation (NYSE: X) stock price shed 1.16 points on the trading session, high on the trading session $145.97, low on the trading session $140.21 for a closing stock price at $143.17; Cleveland-Cliffs Incorporated (NYSE: CLF) stock price shed 4.38 points on the trading session, high on the trading session $97.69, low on the trading session $90.26 for a closing stock price at $90.74.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 952; declined stock prices 1,913; unchanged stock prices 118; stock prices hitting new highs 35; 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: Haynes International Incorporated (NasdaqGS: HAYN) stock price gained 9.97 points on the trading session, high on the trading session $55.55, low on the trading session $48.07 for a closing stock price at $53.36.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 433; declined stock prices 726; unchanged stock prices 109; stock prices hitting new highs 10; stock prices hitting new lows 38.

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 1,268.50, change -19.25
E-mini NASDAQ-100 (NQ) end of day price 1,887.75, change -8.50
E-mini S&P SmallCap 600 (SMP) end of day price 379.90, change 0.00
$5 DJIA (YM) end of day price 11,442, change -189

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.653 to U.S. Dollars 1.5314
Japanese Yen 109.44 to U.S. Dollars 0.0091
British Pound 0.5149 to U.S. Dollars 1.9423
Canadian Dollar 1.0524 to U.S. Dollars 0.9502
Swiss Franc 1.0617 to U.S. Dollars 0.9419

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) gained $1.44 on the day for a closing price of $120.02 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.00 on the day for a closing price of $3.24 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.20 on the day for a closing price of $8.57 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) gained $0.05 on the day for a closing price of $3.00 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) shed $5.8010on the day for a closing price of $877.90 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.25 on the day for a closing price of $16.26 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $27.40 on the day for a closing price of $1,582.60 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.01 on the day for a closing price of $3.42 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.08 on the day for a closing price of 76.98
Pork Bellies (Chicago Mercantile Exchange: CME) gained 0.18 on the day for a closing price of 90.28
Live Cattle (Chicago Mercantile Exchange: CME) shed 1.35 on the day for a closing price of 107.20
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 1.33 on the day for a closing price of 115.90

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 14.25 on the day for a closing price of 542.00
Soybeans (Chicago Board of Trade: CBT) gained 17.00 on the day for a closing price of 1,239.00

Bond Market:
2 year bond gained 9/32 on the day for a closing price of 100 19/32 with a Yield of 2.43, Yield Change -0.14
5 year bond gained 24/32 on the day for a closing price of 101 with a Yield of 3.15, Yield Change -0.17
10 year bond gained 1 17/32 on the day for a closing price of 100 19/32 with a Yield of 3.92, Yield Change -0.13
30 year bond gained 2 7/32 on the day for a closing price of 97 5/32 with a Yield of 4.55, Yield Change -0.14

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