Thread: Mergers

Daily Market Commentary for September 27, 2010

Mergers

After rallying triple digits two days last week, stocks took a break today despite the news on possible mergers. (Read more at Millennium-Traders.Com)

Economic data released today: N/A

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) shed 43.60 points, EOD 10,816.66
NYSE (New York Stock Exchange) shed 36.98, EOD 7,263.38
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 11.94 points, EOD 2,369.28
S&P 500 (SPX) shed 6.51 points, EOD 1,142.16
BEL 20 (BEL20) shed 3.88 points, EOD 2,597.73
CAC 40 (CAC40) shed 16.32 points, EOD 3,766.16
FTSE100 (UKX100) shed 25.06 points, EOD 5,573.42
NIKKEI 225 (NIK/O) triple digit gain 131.47 points, EOD 9,603.14

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,281, declined stock prices 1,734, unchanged stock prices 126, stock prices hitting new highs 190 and stock prices hitting new lows 9. 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: POT shed 0.01, HOD 147.35, LOD 145.91, EOD 145.95; ESI shed 3.06, HOD 66.59, LOD 61.68, EOD 62.97; MA gain 1.12, HOD 224.50, LOD 221.00, EOD 222.69; EDU shed 5.39, HOD 100.00, LOD 93.55, EOD 93.75; CRM shed 2.30, HOD 119.55, LOD 116.83, EOD 117.04.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,068, declined stock prices 1,629, unchanged stock prices 108, stock prices hitting new highs 117 and stock prices hitting new lows 17. 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: AAPL shed 1.16, HOD 294.73, LOD 291.01, EOD 291.16; SGEN gain 2.14, HOD 15.08, LOD 13.66, EOD 14.30; NFLX gain 2.78, HOD 166.16, LOD 159.44, EOD 164.99; DNDN shed 0.55, HOD 43.48, LOD 40.31, EOD 42.03; STRA shed 2.12, HOD 174.93, LOD 166.18, EOD 172.36; ISRG shed 15.32, HOD 298.62, LOD 288.22, EOD 290.26; MCHP gain 0.19, HOD 31.69, LOD 30.79, EOD 30.80; CALM shed 0.57, HOD 31.00, LOD 28.75, EOD 29.73.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 224, declined stock prices 252, unchanged stock prices 40, stock prices hitting new highs 22 and stock prices hitting new lows 10.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1137.50; Change -5.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,009.00; Change -9.25
E-mini DOW $5 (YM) Mar 10: EOD 10,747; Change -37
Nikkei 225 (Yen) Mar 10: EOD 9,510; Change 10

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7442 to U.S. Dollars 1.3500
Japanese Yen 84.2250 to U.S. Dollars 0.0118
British Pound 0.6307 to U.S. Dollars 1.5900
Canadian Dollar 1.0260 to U.S. Dollars 0.9736
Swiss Franc 0.9845 to U.S. Dollars 1.02

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (November 10) gain $0.03, EOD $76.52 per barrel ($US per barrel)
Heating Oil (October 10) shed $0.00, EOD $2.12 a gallon ($US per gallon)
Natural Gas (October 10) shed $0.08, EOD $3.80 per million BTU ($US per mmbtu.)
Unleaded Gas (October 10) gain $0.00 EOD $1.95 gallon ($US per gallon)

Metals Markets - Comex:
Gold (September 10) gain $0.70, EOD $1,296.70 ($US per Troy ounce)
Silver (September 10) gain $0.07, EOD $21.46 ($US per Troy ounce)
Platinum (September 10) shed $9.70, EOD $1,630.10 ($US per Troy ounce)
Copper (September 10) shed $0.02, EOD $3.59 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 10) gain $0.17, EOD $79.20
Pork Bellies (February 10) unchanged, EOD $108.50
Live Cattle (October 10) gain $1.17, EOD $97.20
Feeder Cattle (September 10) gain $0.35, EOD $109.85

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) shed $9.00, EOD $512.75
Soybeans (November 10) gain $2.50, EOD $1,128.50

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Energy is the capacity to do work. the forms of energy are the following potential and kinetic energies.

The combining of two or more companies, generally by offering the stockholders of one company securities in the acquiring company in exchange for the surrender of their stock.

A merger occurs when one firm assumes all the assets and all the liabilities of another. The acquiring firm retains its identity, while the acquired firm ceases to exist. A majority vote of shareholders is generally required to approve a merger. A merger is just one type of acquisition.