Stock Market Holidays

Daily Market Commentary for November 26, 2008 from Millennium-Traders.Com

Ahead of the Thanksgiving holiday, the trading session and the trading floors on Wall Street remained quiet with low trading volume, which was to be expected. (read more)

Economic data released today:
Jobless Claims:
U.S. Jobless Claims fell 14K to 529K for week of November 22 compared to survey of a drop by 12K; U.S. Continuing Claims for week of November 15 Week fell 54K to 3,962,000; U.S. Jobless Claims Revised for week of November 15 to 543K from 542K.

Durable Goods:
U.S. October Durable Goods Orders fell 6.2 percent compared to consensus of a drop by 3.0 percent; U.S. October Durable Goods Orders, Excluding-Transportation fell 4.4 percent; U.S. October Durable Goods Orders, Excluding-Defense fell 4.6 percent; U.S. September Durable Goods Orders Revised to drop by 0.2 percent from increase by 0.9 percent.

Personal Income and Outlays:
U.S. Personal Income rose 0.3 percent in October compared to consensus of an increase by 0.1 percent; U.S. Personal Spending fell 1.0 percent in October compared to consensus of a drop by 1.2 percent; U.S. September Personal Income Revised to increase by 0.1 percent from increase by 0.2 percent; U.S. September Spending Unrevised at drop by 0.3 percent; U.S. October PCE Core Price Index Unchanged Percentage Rate on the month; U.S. October PCE Core Price Index increase by 2.1 percent on the year; U.S. October PCE Price Index fell 0.6 Percentage Rate on the month; U.S. October PCE Price Index rose 3.2 percent on the year.

National Association Purchasing Management (NAPM):
U.S. Chicago Purchasing Management adjusted November Index came in at 33.8 versus October reading of 37.8; U.S. Chicago Purchasing Management November Prices Paid Index came in at 50.7 versus October reading of 53.7; U.S. Chicago Purchasing Management November Supplier Deliveries came in at 48.4; October reading of 47.5; U.S. Chicago Purchasing Management November Employment Index came in at 33.4 versus October reading of 41.5; U.S. Chicago Purchasing Management November New Orders Index came in at 27.2 versus October reading of 32.5.

Consumer Sentiment:
University of Michigan End-November Current Index came in at 57.5 as compared to October reading at 58.4; University of Michigan End-November Expectations came in at 53.9 as compared to October reading at 57.0; University of Michigan Preliminary November Sentiment reading was 57.9; University of Michigan 12-Month Inflation Forecast rose by 2.9 percent as compared to October increase by 3.9 percent; University of Michigan 5-Year Inflation Forecast rose 2.9 percent as compared to October increase by 2.9 percent; University of Michigan End-November Sentiment came in at 55.3 as compared to October reading at 57.6.

New Home Sales:
U.S. October New Home Sales fell 5.3 percent to 433,000 as compared to consensus of 450,000; U.S. September New Home Sales Revised to 457,000 from 464,000.

Energy Information Administration (EIA) Petroleum Status Report:
U.S. Crude Oil Stockpiles rose by 7.28 Million Barrels at 320.828 Million Barrels; U.S. Gasoline Stockpiles rose by 1.842 Million Barrels at 200.476 Million Barrels; U.S. Distillate Stockpiles fell 0.186 Million Barrels at 126.694 Million Barrels; U.S. Refineries ran at 86.2 percent versus 84.9 percent week ago; U.S. Crude Oil Stockpiles rose by 7.3 Million Barrels in the week compared to expectations of an increase by 900,000; U.S. Gasoline Stockpiles rose by 1.8 Million Barrels in the week compared to expectations of an increase by 100,000.

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 trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit gain of 247.14 points to end the trading session at 8,726.61
NYSE (New York Stock Exchange) triple digit gain of 171.97 points to end the trading session at 5,547.33
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 67.37 points to end the trading session at 1,532.10
S&P 500 (SPX) gain of 30.28 points to end the trading session at 887.67
FTSE All-World Index data excluding U.S. (AW01UK) gain of 1.70 points to end the trading session at 140.86
FTSE RAFI 1000 triple digit gain of 110.62 points to end the trading session at 3,372.08
BEL 20 (BEL20) loss of 39.63 points to end the trading session at 1,809.26
CAC 40 (CAC40) loss of 39.71 points to end the trading session at 3,169.85
FTSE100 (UKX100) loss of 18.56 points to end the trading session at 4,152.69
NIKKEI 225 (NIK/O) triple digit loss of 110.71 points to end the trading session at 8,213.22

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,648, declined stock prices 522; unchanged stock prices 75; stock prices hitting new highs 7 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: McCormick & Company Incorporated (NYSE: MKC) stock price shed 0.62 points on the trading session, high on the trading session $29.93, low on the trading session $28.50 with a closing stock price at $29.68.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,239; declined stock prices 633; unchanged stock prices 121; stock prices hitting new highs 6 and stock prices hitting new lows 125. 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 Incorporated (NasdaqGS: BIDU) stock price gained 18.72 points on the trading session, high on the trading session $144.91, low on the trading session $120.97 with a closing stock price at $142.75.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 382; declined stock prices 239; unchanged stock prices 69; stock prices hitting new highs n/a and stock prices hitting new lows 20.

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 trading session price 887.50; Change for the trading session 34.25
E-mini NASDAQ-100 (NQ) - End of trading session price 1,193.00; Change for the trading session 57.50
E-mini DOW $5 (YM) - End of trading session price 8,712; Change for the trading session 267
E-mini S&P MidCap 400 (MF) - End of trading session price 507.60; Change for the trading session 29.60
E-mini S&P Small Cap 600 (HS) - End of trading session price 250.70; Change for the trading session 15.00

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7754 to U.S. Dollars 1.2897
Japanese Yen 95.570 to U.S. Dollars 0.0105
British Pound 0.6518 to U.S. Dollars 1.5341
Canadian Dollar 1.2306 to U.S. Dollars 0.8126
Swiss Franc 1.2036 to U.S. Dollars 0.8308

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (January 09) gained $3.67 on the trading session for a closing price of $54.44 barrel ($US per barrel)
Heating Oil (January 09) gained $0.05 on the trading session for a closing price of $1.76 a gallon ($US per gallon)
Natural Gas (January 09) gained $0.49 on the trading session for a closing price of $6.88 per million BTU ($US per mmbtu.)
Unleaded Gas (December 08) shed $0.08 on the trading session for a closing price of $1.18 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 09) shed $9.20 on the trading session for a closing price of $811.30 ($US per Troy ounce)
Silver (March 09) shed $0.04 on the trading session for a closing price of $10.27 ($US per Troy ounce)
Platinum (January 09) shed $1.90 on the trading session for a closing price of $869.70 ($US per Troy ounce)
Copper (March 09) gained $0.04 on the trading session for a closing price of $1.69 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) gained 1.18 on the trading session for a closing price of 65.78
Pork Bellies (February 09) gained 1.45 on the trading session for a closing price of 93.505
Live Cattle (February 09) gained 0.83 on the trading session for a closing price of 88.15
Feeder Cattle (January 09) gained 0.85 on the trading session for a closing price of 92.20

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) gained 0.50 on the trading session for a closing price of 371.00
Soybeans (January 09) gained 3.00 on the trading session for a closing price of 886.00

BOND MARKET:
2 year Bond closing price 100 8/32, +4/32, Yield 1.11, Yield change -0.06
5 year Bond closing price of 99 29/32, +14/32, Yield 2.01, Yield change -0.01
10 year Bond closing price 106 16/32, + 31/32, Yield 2.98, Yield change -0.12
30 year Bond closing price 117 2/32, +1 3/32, Yield 3.56, Yield change -0.05

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