Monetary Policy

Daily Market Commentary for August 22, 2008 from Millennium-Traders.Com

The Federal Reserve's response to this crisis has consisted of three key elements. … eased monetary policy; … offer liquidity support to the financial markets; … range of activities and initiatives undertaken… (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 gain of 197.28 points on the day to end the trading session at 11,627.49
NYSE (New York Stock Exchange) gain of 59.41 points to end the trading session at 8,373.55
NASDAQ gain of 34.33 points to end the trading session at 2,414.71
S&P 500 gain of 14.48 points to end the trading session at 1,292.20
FTSE All-World excluding - U.S. gain of 1.14 points to end the trading session at 219.15
FTSE RAFI 1000 gain of 69.74 points to end the trading session at 4,993.24
BEL 20 (BEL20) gain of 57.32 points to end the trading session at 3,028.23
CAC 40 (CAC40) gain of 95.84 points to end the trading session at 4,400.45
FTSE100 (UKX100) triple digit gain of 135.4 points to end the trading session at 5,505.60
NIKKEI 225 (NIK/O) loss of 86.17 points on the day to end the trading session at 12,666.04

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 2,272; declined stock prices 890; unchanged stock prices 79; stock prices hitting new highs 17 and stock prices hitting new lows 40.
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: The Gap Incorporated (NYSE: GPS) stock price gained 0.87 points on the trading session, high on the trading session $20.23, low on the trading session $19.31 for a closing stock price at $19.88; Aeropostale Incorporated (NYSE: ARO) stock price shed 0.11 points on the trading session, high on the trading session $34.37, low on the trading session $32.95 for a closing stock price at $34.00; Kookmin Bank (NYSE: KB) stock price shed 3.97 points on the trading session, high on the trading session $54.28, low on the trading session $51.66 for a closing stock price at $52.60; ITT Educational Services Incorporated (NYSE: ESI) stock price gained 5.82 points on the trading session, high on the trading session $93.62, low on the trading session $87.71 for a closing stock price at $93.14; NYSE Euronext (NYSE: NYX) stock price gained 2.37 points on the trading session, high on the trading session $41.15, low on the trading session $39.16 for a closing stock price at $41.14; CME Group Incorporated (NYSE: CME) stock price gained 15.03 points on the trading session, high on the trading session $365.00, low on the trading session $347.55 for a closing stock price at $357.14; XTO Energy Incorporated (NYSE: XTO) stock price shed 2.56 points on the trading session, high on the trading session $50.17, low on the trading session $47.28 for a closing stock price at $48.34; Ultrashort Financial Corporation (NYSE: SKF) stock price shed 7.74 points on the trading session, high on the trading session $129.90, low on the trading session $124.76 for a closing stock price at $124.76; Mosaic Company (NYSE: MOS) stock price shed 0.77 points on the trading session, high on the trading session $108.29, low on the trading session $104.50 for a closing stock price at $107.35; Rio Tinto plc (NYSE: RTP) stock price shed 7.34 points on the trading session, high on the trading session $386.15, low on the trading session $376.42 for a closing stock price at $381.26; United States Steel Corporation (NYSE: X) stock price shed 5.44 points on the trading session, high on the trading session $138.93, low on the trading session $131.95 for a closing stock price at $133.76; CF Industries Holdings Incorporated (CF) stock price shed 1.07 points on the trading session, high on the trading session $147.13, low on the trading session $140.54 for a closing stock price at $144.47; Massey Energy Company (MEE) stock price shed 2.31 points on the trading session, high on the trading session $68.98, low on the trading session $65.20 for a closing stock price at $66.96.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 1,986; declined stock prices 836; unchanged stock prices 140; stock prices hitting new highs 21; stock prices hitting new lows 61.
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: Pacific Sunwear of California Incorporated (NasdaqGS: PSUN) stock price shed 1.93 points on the trading session, high on the trading session $5.90, low on the trading session $5.00 for a closing stock price at $5.85; Perry Ellis International Incorporated (NasdaqGS: PERY) stock price shed 5.82 points on the trading session, high on the trading session $20.72, low on the trading session $16.05 for a closing stock price at $17.17; Nordson Corporation (NasdaqGS: NDSN) stock price shed 16.28 points on the trading session, high on the trading session $57.96, low on the trading session $53.90 for a closing stock price at $55.48; First Solar Incorporated (NasdaqGS: FSLR) stock price gained 2.93 points on the trading session, high on the trading session $282.94, low on the trading session $276.52 for a closing stock price at $282.20.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 644; declined stock prices 496; unchanged stock prices 88; stock prices hitting new highs 6; stock prices hitting new lows 14.

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 1,292.75 change 16.75
E-mini NASDAQ-100 (NQ) end of day price 1,930.00, change 22.75
E-mini S&P SmallCap 600 (SMP) end of day price 387.30, change 7.00
$5 DJIA (YM) end of day price 11,619, change 211

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6769 to U.S. Dollars 1.4773
Japanese Yen 110.04 to U.S. Dollars 0.0091
British Pound 0.5403 to U.S. Dollars 1.8509
Canadian Dollar 1.0481 to U.S. Dollars 0.9541
Swiss Franc 1.0988 to U.S. Dollars 0.9101

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $6.59 on the day for a closing price of $114.59 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.17 on the day for a closing price of $3.16 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.40 on the day for a closing price of $7.96 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.18 on the day for a closing price of $2.87 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) shed $5.50 on the day for a closing price of $833.50 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.25 on the day for a closing price of $13.59 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $17.60 on the day for a closing price of $1,441.20 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.08 on the day for a closing price of $3.46 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 1.03 on the day for a closing price of 73.75
Pork Bellies (Chicago Mercantile Exchange: CME) shed 1.35 on the day for a closing price of 97.23
Live Cattle (Chicago Mercantile Exchange: CME) shed 0.53 on the day for a closing price of 105.78
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 0.03 on the day for a closing price of 112.50

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 11.00 on the day for a closing price of 606.50
Soybeans (Chicago Board of Trade: CBT) shed 21.00 on the day for a closing price of 1,327.00

Bond Market:
2 year bond shed 6/32 on the day for a closing price of 100 20/32 with a Yield of 2.41, Yield Change +0.10
5 year bond shed 11/32 on the day for a closing price of 101 2/32 with a Yield of 3.13, Yield Change +0.07
10 year bond shed 10/32 on the day for a closing price of 101 2/32 with a Yield of 3.87, Yield Change +0.04
30 year bond shed 3/32 on the day for a closing price of 100 16/32 with a Yield of 4.46, Yield Change 0.00

At the close of the week, performance results for our Moderators:
Stocks Trading Room:
Jeannie $5,673
Barry $9,808
Sam $6,683

Futures Trading Room:
JT $4,618.38

Forex Trading Room:
JT $7,500

Daily Swing Trades:
Barry $11,260

Weekly Swing Trades:
Jeannie $1,920

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