Black Gold

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

The soaring price of Black gold is beginning to take a serious hit on Wall Street and big corporations are not taking the pain lightly. (read more)

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:

DOW (Dow Jones Industrial Average) triple digit loss of 355.64 points on the day to end the trading session at 11,456.19
NYSE (New York Stock Exchange) triple digit loss of 225.06 points to end the trading session at 8,640.74
NASDAQ loss of 79.89 points to end the trading session at 2,321.37
S&P 500 loss of 38.65 points to end the trading session at 1,283.32
FTSE All-World ex-U.S. loss of 3.93 points to end the trading session at 232.82
FTSE RAFI 1000 triple digit loss of 150.47 points to end the trading session at 5,024.18
BEL 20 (BEL20) triple digit loss of 155.87 points to end the trading session at 3,205.78
CAC 40 (CAC40) triple digit loss of 110.1 points to end the trading session at 4,426.19
FTSE100 (UKX100) triple digit loss of 147.9 points to end the trading session at 5,518.2
NIKKEI 225 (NIK/O) loss of 7.6 points to end the trading session at 13,822.32

Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 451; declined stocks 2,757; unchanged stocks 61; stocks hitting new highs 12; stocks hitting new lows 359. List of volatile stocks 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: BlackRock Incorporated (NYSE: BLK) shed 8.86 points on the trading session, high on the trading session $186.55, low on the trading session $180.32 for a closing stock price at $180.68; CONSOL Energy Incorporated (NYSE: CNX) gained 0.18 points on the trading session, high on the trading session $109.95, low on the trading session $103.43 for a closing stock price at $108.42; NIKE Incorporated (NYSE: NKE) shed 7.15 points on the trading session, high on the trading session $62.00, low on the trading session $57.63 for a closing stock price at $58.81; Cummins Incorporated (NYSE: CMI) shed 5.87 points on the trading session, high on the trading session $71.89, low on the trading session $66.46 for a closing stock price at $66.70; Rio Tinto plc (NYSE: RTP) shed 7.15 points on the trading session, high on the trading session $459.19, low on the trading session $450.00 for a closing stock price at $453.68; Agrium Incorporated (NYSE: AGU) shed 3.14 points on the trading session, high on the trading session $107.49, low on the trading session $102.35 for a closing stock price at $103.92; CACI International Incorporated (NYSE: CAI) shed 4.84 points on the trading session, high on the trading session $49.50, low on the trading session $45.81 for a closing stock price at $46.36; CF Industries Holdings Incorporated (NYSE: CF) shed 4.73 points on the trading session, high on the trading session $159.69, low on the trading session $152.62 for a closing stock price at $153.79; Nucor Corporation (NYSE: NUE) shed 3.31 points on the trading session, high on the trading session $76.87, low on the trading session $72.66 for a closing stock price at $73.87; Lindsay Corporation (NYSE: LNN) shed 3.99 points on the trading session, high on the trading session $91.44, low on the trading session $85.41 for a closing stock price at $87.06; CME Group Incorporated (NYSE: CME) shed 20.61 points on the trading session, high on the trading session $423.98, low on the trading session $406.94 for a closing stock price at $406.95; Monsanto Company (NYSE: MON) shed 4.27 points on the trading session, high on the trading session $134.90, low on the trading session $127.20 for a closing stock price at $127.25; Potash Corporation Saskatchewan (NYSE: POT) shed 2.38 points on the trading session, high on the trading session $224.00, low on the trading session $215.63 for a closing stock price at $219.20; Petroleo Brasileiro SA (NYSE: PBR) shed 0.51 points on the trading session, high on the trading session $69.24, low on the trading session $66.86 for a closing stock price at $68.32; Bunge Limited (NYSE: BG) shed 1.69 points on the trading session, high on the trading session $108.95, low on the trading session $105.09 for a closing stock price at $105.81; MasterCard Incorporated (NYSE: MA) shed 14.06 points on the trading session, high on the trading session $285.94, low on the trading session $268.01 for a closing stock price at $275.73; Transocean Incorporated (NYSE: RIG) gained 0.30 points on the trading session, high on the trading session $153.00, low on the trading session $147.81 for a closing stock price at $151.28.

Market trends on the NASDAQ today: advanced stocks 603; declined stocks 2,348; unchanged stocks 100; stocks hitting new highs 12; stocks hitting new lows 308. List of volatile stocks 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: Research In Motion Limited (NasdaqGS: RIMM) shed 19.18 points on the trading session, high on the trading session $128.98, low on the trading session $123.00 for a closing stock price at $123.20; Xyratex Limited (NasdaqGS: XRTX) shed 2.56 points on the trading session, high on the trading session $17.48, low on the trading session $15.52 for a closing stock price at $15.86; Google Incorporated (NasdaqGS: GOOG) shed 21.10 points on the trading session, high on the trading session $544.93, low on the trading session $528.26 for a closing stock price at $529.90; James River Coal Company (NasdaqGS: JRCC) gained 1.34 points on the trading session, high on the trading session $57.50, low on the trading session $51.40 for a closing stock price at $55.26; DryShips Incorporated (NasdaqGS: DRYS) gained 0.38 points on the trading session, high on the trading session $84.45, low on the trading session $79.33 for a closing stock price at $82.35; ***** Incorporated (NasdaqGS: AAPL) shed 9.21 points on the trading session, high on the trading session $174.84, low on the trading session $168.01 for a closing stock price at $168.18; Sohu.com Incorporated (NasdaqGS: SOHU) shed 5.07 points on the trading session, high on the trading session $71.89, low on the trading session $67.51 for a closing stock price at $68.04; First Solar Incorporated (NasdaqGS: FSLR) shed 16.73 points on the trading session, high on the trading session $286.99, low on the trading session $271.05 for a closing stock price at $273.40; Baidu.com Incorporated (NasdaqGS: BIDU) shed 16.63 points on the trading session, high on the trading session $328.00, low on the trading session $314.00 for a closing stock price at $315.46.

Market trends on the American Stock Exchange (AMEX) today: advanced stocks 388; declined stocks 824; unchanged stocks 91; stocks hitting new highs 23; stocks hitting new lows 88.

U.S. May Existing Home Sales rose by 2.0% to rate of 4.99 Million; U.S. May Existing Home Sales Consensus was at rate of 4.98 Million; U.S. Inventory of Unsold U.S. Homes at 10.8 Months Supply; U.S. May Median Existing Home Price fell 6.3% on the year to $208,600.

U.S. Jobless Claims remained Unchanged at 384K for week of June 21 compared to survey of a drop by 6K; U.S. Jun 14 Week Continuing Claims increased by 82K to 3,139,000; U.S. Jun 14 Week Jobless Claims were revised to 384K from 386K.

U.S. First Quarter GDP Revised to an increase of a rate of 1.0% from an increase by 0.9% and U.S. First Quarter GDP Consensus increased by 1.0%.

First Quarter Real Final Sales were revised to an increase by 0.9% rate from an increase by 0.7%; First Quarter PCE Price Index revised to an increase by 3.6% rate from an increase by 3.5%; First Quarter Purchases Price Index revised to an increase by 3.6% rate from an increase by 3.5%; First Quarter Chain-Weighted Price Index revised to an increase by 2.7% from an increase by 2.6%; First Quarter Corporate Profits revised to a drop by 7.8% from a drop by 6.8%.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:

E-mini S&P 500 (ES) end of day price 1285.00, change 0.50

E-mini NASDAQ-100 (NQ) end of day price 1868.50, change 2.00

E-mini S&P SmallCap 600 (SMP) end of day price 370.90, change 0.00

$5 DJIA (YM) end of day price 11,469, change 7



World Currencies at time of this posting:

Euro 0.6344 to U.S. Dollars 1.5764

Japanese Yen 106.7300 to U.S. Dollars 0.0094

British Pound 0.5031 to U.S. Dollars 1.9878

Canadian Dollar 1.0129 to U.S. Dollars 0.9873

Swiss Franc 1.0230 to U.S. Dollars 0.9775



Commodities Markets:

Energy Sector: Light Crude (NYM) gained $5.09 on the day for a closing price of $139.64 a gallon ($US per bbl.); Heating Oil (NYM) gained $0.13 on the day for a closing price of $3.91 a gallon ($US per gal.); Natural Gas (NYM) gained $0.38 on the day for a closing price of $13.25 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.12 on the day for a closing price of $3.51 a gallon ($US per gal.).

Metals Markets: Gold Market Price (CMX) gained $32.80 on the day for a closing price of $915.10 ($US per Troy oz.); Silver (CMX) gained $0.61 on the day for a closing price of $17.22 ($US per Troy oz.); Platinum (NYM) gained $50.50 on the day for a closing price of $2,069.80 ($US per Troy oz.) and Copper (CMX) gained $0.05 on the day for a closing price of $3.83 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 1.33 on the day for a closing price of 72.68; Pork Bellies (CME) gained 1.20 on the day for a closing price of 72.70; Live Cattle (CME) shed 0.55 on the day for a closing price of 103.85; Feeder Cattle (CME) shed 1.10 on the day for a closing price of 111.45.

Other Commodities (cents per bu.): Corn (CBT) gained 23.00 on the day for a closing price of 788.00 and Soybeans (CBT) gained 36.50 on the day for a closing price of 1,561.50.

Bond action for the day: 2 year bond gained 9/32 on the day for a closing price of 100 12/32 with a Yield of 2.67, Yield Change -0.14; 5 year bond gained 16/32 on the day for a closing price of 100 12/32 with a Yield of 3.41, Yield Change -0.11; 10 year bond gained 15/32 on the day for a closing price of 98 20/32 with a Yield of 4.04, Yield Change -0.06; the 30 year bond gained 20/32 on the day for a closing price of 96 9/32 with a Yield of 4.60, Yield Change -0.04.

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