Eve of Destruction
After the heavy trading losses realized yesterday, the markets made a rebound today, with moderate gains across the board. The markets shrugged off heavy losses reported by Lehman Brothers Holdings Incorporated (NYSE: LEH), which consisted of a phenomenal amount of $4 Billion and fought for gains in all sectors but the financial sector which continues its struggle for existence. Trading volume was moderate and trading activity was strained after the beating the markets took yesterday. Trading activity may be rather muted tomorrow as many traders remain moved from the markets to participate in the remembrance ceremonies for 9-11-01.
Today is the eve of the most horrific attacks felt on American soil which occurred seven years ago on 9-11-01. We, as all Americans will face tomorrow with the same grim reminders of that day, that changed the world forever, as we all once knew it. Tears will be shed by many, in the same manner on that awful day. In New York, at the Pentagon and in Shanksville, PA, remembrance ceremonies will be held for the innocent victims, from around the world, of the attacks. These words will go on into eternity - Never Forget.
The trading community is asked to refrain from trading for a moment of silence at 10:29 a.m. - 10:30 a.m. (representing the fall of the North Tower) tomorrow. In addition, a commemorative message will be broadcast on the NASDAQ MarketSite / NASDAQ Tower 4 Times Square (corner of 43rd and Broadway) New York, NY 10036 during that time as well as, throughout the day tomorrow. Representatives from the September 11th Families' Association and Tribute WTC Visitor Center will preside over the opening bell and representatives from USS New York Commissioning Committee will preside over the closing bell in commemoration of September 11th.
Economic data released today:
Department Of Energy released Petroleum Status Report:
U.S. Distillate Stockpiles fell by 1.3 Million Barrels in the week compared to expectations of a drop by 2.2 Million Barrels; U.S. Distillate Stockpiles fell by 1.3 Million Barrels in the week compared to expectations of a drop by 2.2 Million Barrels; U.S. Gasoline Stockpiles fell by 6.5 Million Barrels in the week compared to expectations of a drop by 4.4 Million Barrels; U.S. Crude Oil Stockpiles fell by 5.8 Million Barrels in the week compared to expectations of a drop by 5 Million Barrels; U.S. Gasoline Stockpiles fell by 6.462 Million Barrels at 187.942 Million Barrels; U.S. Distillate Stockpiles fell by 1.252 Million Barrels at 130.46 Million Barrels; U.S. Crude Oil Stockpiles fell by 5.828 Million Barrels at 298.034 Million Barrels; U.S. Refineries ran at capacity of 78.3% versus 88.7% a week ago; U.S. Refineries ran at capacity of 78.3% compared to expectations of a drop by 6.5 percent at 82.2%.
Hot Stock picks on the move today for day trading:
Flowserve Corporation (NYSE: FLS) had a trading range of over 6 point on the trading session today and showed favoritism to the long running day traders.
Potash Corporation of Saskatchewan Incorporated (NYSE: POT) gave way to both traders on the long side as well as, runs to the short-selling end. With over a 10 point trading range, POT was a favorite as it is everyday, for the active day trader.
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) gain of 38.19 points on the day to end the trading session at 11,268.92
NYSE (New York Stock Exchange) gain of 86.10 points to end the trading session at 7,957.25
NASDAQ gain of 18.89 points to end the trading session at 2,228.70
S&P 500 gain of 7.53 points to end the trading session at 1,232.04
FTSE All-World excluding - U.S. loss of 0.18 points to end the trading session at 206.92
FTSE RAFI 1000 gain of 25.30 points to end the trading session at 4,926.51
BEL 20 (BEL20) loss of 48.47 points to end the trading session at 3,055.38
CAC 40 (CAC40) loss of 9.68 points to end the trading session at 4,283.66
FTSE100 (UKX100) loss of 49.4 points to end the trading session at 5,366.20
NIKKEI 225 (NIK/O) loss of 54.02 points to end the trading session at 12,346.63
New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 1,695; declined stock prices 1,496; unchanged stock prices 101; stock prices hitting new highs 22 and stock prices hitting new lows 263.
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: Texas Instruments Incorporated (NYSE: TXN) stock price gained 0.15 points on the trading session, high on the trading session $22.74, low on the trading session $21.76 with a closing stock price at $21.86; Rio Tinto plc (NYSE: RTP) stock price gained 8.82 points on the trading session, high on the trading session $302.87, low on the trading session $289.91 with a closing stock price at $297.29; United States Steel Corporation (NYSE: X) stock price gained 5.91 points on the trading session, high on the trading session $102.43, low on the trading session $95.01 with a closing stock price at $99.60; VeriFone Holdings Incorporated (NYSE: PAY) stock price shed 0.67 points on the trading session, high on the trading session $19.74, low on the trading session $17.11 with a closing stock price at $19.03; FedEx Corporation (NYSE: FDX) stock price gained 3.11 points on the trading session, high on the trading session $89.10, low on the trading session $86.16 with a closing stock price at $87.86; MasterCard Incorporated (NYSE: MA) stock price gained 6.62 points on the trading session, high on the trading session $216.50, low on the trading session $205.70 with a closing stock price at $213.32; Massey Energy Company (NYSE: MEE) stock price gained 3.20 points on the trading session, high on the trading session $43.78, low on the trading session $39.16 with a closing stock price at $42.10; CF Industries Holdings Incorporated (NYSE: CF) stock price gained 4.53 points on the trading session, high on the trading session $114.27, low on the trading session $105.14 with a closing stock price at $109.61; Walter Industries Incorporated (NYSE: WLT) stock price gained 5.36 points on the trading session, high on the trading session $71.22, low on the trading session $64.25 with a closing stock price at $69.66; Ultrashort Financial Corporation (NYSE: SKF) stock price gained 1.52 points on the trading session, high on the trading session $120.50, low on the trading session $110.96 with a closing stock price at $116.10; CME Group Incorporated (NYSE: CME) stock price gained 5.82 points on the trading session, high on the trading session $339.34, low on the trading session $321.63 with a closing stock price at $332.00; Flowserve Corporation (NYSE: FLS) stock price gained 5.69 points on the trading session, high on the trading session $102.44, low on the trading session $96.77 with a closing stock price at $101.81; Lehman Brothers Holdings Incorporated (NYSE: LEH) stock price shed 0.54 points on the trading session, high on the trading session $9.25, low on the trading session $6.93 with a closing stock price at $7.25; Potash Corporation of Saskatchewan Incorporated (NYSE: POT) stock price gained 2.95 points on the trading session, high on the trading session $147.46, low on the trading session $137.07 with a closing stock price at $143.21.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 1,605; declined stock prices 1,264; unchanged stock prices 133; stock prices hitting new highs 23; stock prices hitting new lows 209.
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: Wynn Resorts Limited (NasdaqGS: WYNN) stock price shed 2.77 points on the trading session, high on the trading session $87.28, low on the trading session $80.52 with a closing stock price at $82.44; First Solar Incorporated (NasdaqGS: FSLR) stock price gained 10.05 points on the trading session, high on the trading session $212.32, low on the trading session $195.50 with a closing stock price at $210.31; Baidu.com Incorporated (NasdaqGS: BIDU) stock price gained 9.50 points on the trading session, high on the trading session $267.65, low on the trading session $255.00 with a closing stock price at $263.63.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 537; declined stock prices 619; unchanged stock prices 103; stock prices hitting new highs 7; stock prices hitting new lows 158.
Chicago Board of Trade Futures Market activity for the day, at time of this posting for September 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1,232.00 change 5.50
E-mini NASDAQ-100 (NQ) end of day price 1,734.75, change 6.00
E-mini S&P SmallCap 600 (SMP) end of day price 377.80, change 4.10
$5 DJIA (YM) end of day price 11,273 change 26
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7139 to U.S. Dollars 1.4007
Japanese Yen 107.570 to U.S. Dollars 0.0093
British Pound 0.5702 to U.S. Dollars 1.7539
Canadian Dollar 1.070 to U.S. Dollars 0.9346
Swiss Franc 1.1358 to U.S. Dollars 0.8804
Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $0.68 on the day for a closing price of $102.68 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.02 on the day for a closing price of $2.90 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.14 on the day for a closing price of $7.39 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) gained $0.01 on the day for a closing price of $2.66 a gallon ($US per gallon)
Metals Markets:
Gold Market Price (COMEX: CMX) shed $29.50 on the day for a closing price of $762.50 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.78 on the day for a closing price of $10.94 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $70.10 on the day for a closing price of $1,192.00 ($US per Troy ounce)
Copper (COMEX: CMX) gained $0.03 on the day for a closing price of $3.11 ($US per pound)
Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.60 on the day for a closing price of 67.50
Pork Bellies (Chicago Mercantile Exchange: CME) gained 1.08 on the day for a closing price of 85.73
Live Cattle (Chicago Mercantile Exchange: CME) shed 1.00 on the day for a closing price of 101.65
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 1.53 on the day for a closing price of 108.90
Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 7.75 on the day for a closing price of 536.75
Soybeans (Chicago Board of Trade: CBT) shed 23.00 on the day for a closing price of 1,178.00
Bond Market:
2 year bond shed 1/32 on the day for a closing price of 100 11/32 with a Yield of 2.18, Yield Change 0.03
5 year bond shed 6/32 on the day for a closing price of 101 2/32 with a Yield of 2.89, Yield Change 0.04
10 year bond shed 14/32 on the day for a closing price of 103 4/32 with a Yield of 3.61, Yield Change 0.04
30 year bond shed 21/32 on the day for a closing price of 104 27/32 with a Yield of 4.22, Yield Change 0.05
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