House of Representatives

Daily Market Commentary for September 29, 2008 from Millennium-Traders.Com

Americans watched as Republicans and Democrats childishly pointed fingers at each other, for the reason of the failed plan. Americans have no interest in watching Congressional childish play, we just want the problem fixed! (read more)

Economic data released today:

Personal Income and Outlays:
U.S. Personal Income rose by 0.5% during month of August compared to consensus of an increase by 0.2%; U.S. Personal Spending remained unchanged during month of August compared to consensus of an increase by 0.2%; August PCE Core Price Index rose at rate of 0.2% Rate on the month; August PCE Core Price Index rose at rate of 2.6% on the year; August PCE Price Index rate remained unchanged on the month; August PCE Price Index rate increased by 4.5% on the year; July Personal Income revised to a drop by 0.6% from a drop by 0.7%; July Spending Revised to an increase by 0.1% from an increase by 0.2%.

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 777.68 points on the day to end the trading session at 10,365.45
NYSE (New York Stock Exchange) triple digit loss of 685.70 points to end the trading session at 7,204.97
NASDAQ triple digit loss of 199.61 points to end the trading session at 1,983.73
S&P 500 triple digit loss of 106.69 points to end the trading session at 1,106.58
FTSE All-World excluding U.S. loss of 12.75 points to end the trading session at 191.13
FTSE RAFI 1000 triple digit loss of 376.38 points to end the trading session at 4,450.19
BEL 20 (BEL20) triple digit loss of 224.64 points to end the trading session at 2,589.47
CAC 40 (CAC40) triple digit loss of 209.9 points to end the trading session at 3,953.48
FTSE100 (UKX100) triple digit loss of 269.70 points to end the trading session at 4,818.77
NIKKEI 225 (NIK/O) triple digit loss of 149.37 points to end the trading session at 11,743.61

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 162; declined stock prices 3,114; unchanged stock prices 18; stock prices hitting new highs 15 and stock prices hitting new lows 974.
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: LDK Solar Company Limited (NYSE: LDK) stock price shed 5.41 points on the trading session, high on the trading session $34.81, low on the trading session $26.00 with a closing stock price at $30.53; Walter Industries Incorporated (NYSE: WLT) stock price shed 8.68 points on the trading session, high on the trading session $48.75, low on the trading session $39.08 with a closing stock price at $42.09; UGI Corporation (NYSE: UGI) stock price shed 0.78 points on the trading session, high on the trading session $25.82, low on the trading session $24.81 with a closing stock price at $25.17; Deere & Company (NYSE: DE) stock price shed 7.57 points on the trading session, high on the trading session $54.24, low on the trading session $46.18 with a closing stock price at $47.76; Cleveland-Cliffs Incorporated (NYSE: CLF) stock price shed 11.76 points on the trading session, high on the trading session $57.10, low on the trading session $42.16 with a closing stock price at $48.13; Office Depot Incorporated (NYSE: ODP) stock price shed 0.14 points on the trading session, high on the trading session $5.89, low on the trading session $5.55 with a closing stock price at $5.68; Consol Energy Incorporated (NYSE: CNX) stock price shed 11.89 points on the trading session, high on the trading session $47.11, low on the trading session $31.50 with a closing stock price at $41.00; Alpha Natural Resources Incorporated (NYSE: ANR) stock price shed 12.53 points on the trading session, high on the trading session $53.00, low on the trading session $42.68 with a closing stock price at $43.41; National City Corporation (NYSE: NCC) stock price shed 2.18 points on the trading session, high on the trading session $3.35, low on the trading session $1.25 with a closing stock price at $1.53; United States Steel Corporation (NYSE: X) stock price shed 16.18 points on the trading session, high on the trading session $83.00, low on the trading session $68.62 with a closing stock price at $71.07.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 394; declined stock prices 2,602; unchanged stock prices 89; stock prices hitting new highs 21; stock prices hitting new lows 721.
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: ***** Incorporated (NasdaqGS: AAPL) stock price shed 22.38 points on the trading session, high on the trading session $119.68, low on the trading session $100.59 with a closing stock price at $105.91; Google Incorporated (NasdaqGS: GOOG) stock price shed 44.05 points on the trading session, high on the trading session $423.51, low on the trading session $380.71 with a closing stock price at $386.99; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 25.02 points on the trading session, high on the trading session $196.32, low on the trading session $87.09 with a closing stock price at $196.32.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 197; declined stock prices 1,071; unchanged stock prices 39; stock prices hitting new highs 20; stock prices hitting new lows 410.

Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1,119.50 change -95.50
E-mini NASDAQ-100 (NQ) end of day price 1,512.50, change -162.25
E-mini S&P SmallCap 600 (SMP) end of day price 373.60, change 0.0
$5 DJIA (YM) end of day price 10,458 change -689

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6921 to U.S. Dollars 1.4448
Japanese Yen 104.090 to U.S. Dollars 0.0096
British Pound 0.5529 to U.S. Dollars 1.8086
Canadian Dollar 1.0429 to U.S. Dollars 0.9589
Swiss Franc 1.0869 to U.S. Dollars 0.920

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $10.52 on the day for a closing price of $96.37 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.23 on the day for a closing price of $2.79 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.41 on the day for a closing price of $7.22 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.27 on the day for a closing price of $2.40 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) gained $5.90 on the day for a closing price of $894.40 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.48 on the day for a closing price of $13.03 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $38.20 on the day for a closing price of $1,123.10 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.17 on the day for a closing price of $2.91 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 1.08 on the day for a closing price of 68.55
Pork Bellies (Chicago Mercantile Exchange: CME) shed 2.93 on the day for a closing price of 96.75
Live Cattle (Chicago Mercantile Exchange: CME) shed 2.93 on the day for a closing price of 99.88
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 3.00 on the day for a closing price of 102.58

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 30.00 on the day for a closing price of 513.00
Soybeans (Chicago Board of Trade: CBT) shed 70.00 on the day for a closing price of 1,094.00

Bond Market:
2 year bond gained 25/32 on the day for a closing price of 100 17/32 with a Yield of 1.72, Yield Change -0.39
5 year bond shed 1 17/32 on the day for a closing price of 101 25/32 with a Yield of 2.72, Yield Change -0.35
10 year bond gained 1 29/32 on the day for a closing price of 103 1/32 with a Yield of 3.62, Yield Change -0.23
30 year bond gained 3 21/32 on the day for a closing price of 105 23/32 with a Yield of 4.16, Yield Change -0.21

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