Home Price Index

Daily Market Commentary for September 30, 2008 from Millennium-Traders.Com

Standard & Poor's Case-Shiller Home Price Index released today showed a record decline in home prices during July. (read more)

Economic data released today:

Redbook:
U.S. Retail Sales fell 1.3 percent during first four weeks of September compared to August. according to Redbook Research's latest indicator of national retail sales. The drop in the index was steeper than the targeted 1 percent decline, according to the report. The Johnson Redbook Index additionally showed seasonally adjusted sales in the month-to-date rose 1.4 percent compared with September 2007 which was just short of the 1.7 percent targeted increase. On an unadjusted basis, sales in the week ending September 27 were up 1 percent from the same week in 2007, after a 1.2 percent gain the previous week. September is a five-week month in the retail calendar ending October 4.

Consumer Confidence:
U.S. Conference Board September Consumer Confidence came in at 59.8 versus August reading of 58.5; Conference Board presented September expectations Index came in at 60.5 versus August reading at 54.1; Conference Board September Present Situation Index came in at 58.8 versus August reading at 65.0.

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 485.29 points on the day to end the trading session at 10,850.74
NYSE (New York Stock Exchange) triple digit gain of 328.91 points to end the trading session at 7,532.92
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 98.60 points to end the trading session at 2,082.33
S&P 500 gain of 58.32 points to end the trading session at 1,164.74
FTSE All-World excluding U.S. gain of 2.96 points to end the trading session at 192.80
FTSE RAFI 1000 triple digit gain of 235.88 points to end the trading session at 4,630.76
BEL 20 (BEL20) gain of 82.73 points to end the trading session at 2,672.20
CAC 40 (CAC40) gain of 78.62 points to end the trading session at 4,032.10
FTSE100 (UKX100) gain of 83.68 points to end the trading session at 4,902.45
NIKKEI 225 (NIK/O) triple digit loss of 483.75 points to end the trading session at 11,889.91

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 2,553; declined stock prices 682; unchanged stock prices 60; stock prices hitting new highs 7 and stock prices hitting new lows 301.
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: Cypress Semiconductor Corporation (NYSE: CY) stock price gained 2.11 points on the trading session, high on the trading session $5.65, low on the trading session $5.01 with a closing stock price at $5.20; ING Groep N.V. (NYSE: ING) stock price gained 0.90 points on the trading session, high on the trading session $23.00, low on the trading session $19.94 with a closing stock price at $21.40; Anadarko Petroleum Corporation (NYSE: APC) stock price gained 4.64 points on the trading session, high on the trading session $49.22, low on the trading session $45.01 with a closing stock price at $49.50; Morgan Stanley Corporation (NYSE: MS) stock price gained 2.01 points on the trading session, high on the trading session $25.36, low on the trading session $21.52 with a closing stock price at $23.00; Ultrashort Financial Corporation (NYSE: SKF) stock price shed 13.30 points on the trading session, high on the trading session $114.77, low on the trading session $99.76 with a closing stock price at $100.99; State Street Corporation (NYSE: STT) stock price gained 12.88 points on the trading session, high on the trading session $58.85, low on the trading session $47.54 with a closing stock price at $56.88; Cleveland-Cliffs Incorporated (NYSE: CLF) stock price gained 4.81 points on the trading session, high on the trading session $53.22 low on the trading session $46.66 with a closing stock price at $52.94; Massey Energy Company (NYSE: MEE) stock price gained 2.59 points on the trading session, high on the trading session $35.89, low on the trading session $32.85 with a closing stock price at $35.67; Suntech Power Holdings Corporation Limited (NYSE: STP) stock price gained 3.68 points on the trading session, high on the trading session $36.03, low on the trading session $33.50 with a closing stock price at $35.87; CME Group (NYSE: CME) stock price gained 47.45 points on the trading session, high on the trading session $389.00, low on the trading session $343.27 with a closing stock price at $367.45; CF Industries Holdings Incorporated (NYSE: CF) stock price gained 7.53 points on the trading session, high on the trading session $92.46, low on the trading session $83.19 with a closing stock price at $91.46; Huntsman Corporation (NYSE: HUN) stock price gained 5.25 points on the trading session, high on the trading session $12.93, low on the trading session $10.51 with a closing stock price at $12.60; Transocean Incorporated (NYSE: RIG) stock price gained 2.58 points on the trading session, high on the trading session $111.06, low on the trading session $106.00 with a closing stock price at $109.84; Devon Energy Corporation (NYSE: DVN) stock price gained 3.08 points on the trading session, high on the trading session $92.70, low on the trading session $89.00 with a closing stock price at $91.20; Rio Tinto (NYSE: RTP) stock price gained 23.00 points on the trading session, high on the trading session $252.04, low on the trading session $241.70 with a closing stock price at $249.50.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 1,909; declined stock prices 1,083; unchanged stock prices 114; stock prices hitting new highs 14; stock prices hitting new lows 244.
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: Baidu.com (NasdaqGS: BIDU) stock price gained 17.00 points on the trading session, high on the trading session $251.00, low on the trading session $235.76 with a closing stock price at $248.50.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 729; declined stock prices 488; unchanged stock prices 65; stock prices hitting new highs 7; stock prices hitting new lows 189.

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 1,168.00 change 49.25
E-mini NASDAQ-100 (NQ) end of day price 1,596.75, change 84.75
E-mini S&P SmallCap 600 (SMP) end of day price 361.30, change 14.80
$5 DJIA (YM) end of day price 10,840 change 366

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7107 to U.S. Dollars 1.4071
Japanese Yen 106.310 to U.S. Dollars 0.0094
British Pound 0.5625 to U.S. Dollars 1.7779
Canadian Dollar 1.0651 to U.S. Dollars 0.9389
Swiss Franc 1.1237 to U.S. Dollars 0.8899

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) gained $4.27 on the day for a closing price of $100.64 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) gained $0.11 on the day for a closing price of $2.89 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) gained $0.22 on the day for a closing price of $7.44 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) gained $0.10 on the day for a closing price of $2.46 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) shed $13.60 on the day for a closing price of $880.80 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.75 on the day for a closing price of $12.28 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $56.40 on the day for a closing price of $1,028.50 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.03 on the day for a closing price of $2.88 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.03 on the day for a closing price of 68.58
Pork Bellies (Chicago Mercantile Exchange: CME) shed 3.00 on the day for a closing price of 93.75
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.50 on the day for a closing price of 100.38
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 1.15 on the day for a closing price of 103.73

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 25.50 on the day for a closing price of 487.50
Soybeans (Chicago Board of Trade: CBT) shed 49.00 on the day for a closing price of 1,045.00

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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