Economic Downturn

Daily Market Commentary for January 5, 2009 from Millennium-Traders.Com

"Economists from across the political spectrum agree that if we don't act swiftly and boldly, we could see a much deeper economic downturn," President-elect Obama said Sunday in his weekly radio address. (read more)

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Economic data released today:

Construction Spending:
U.S. Construction Spending fell 0.6% in November compared to consensus of a drop by 1.2%; October Construction Spending Revised to a drop by 0.4% from a drop by 1.2%.

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) loss of 81.80 points to end the trading session at 8,952.89
NYSE (New York Stock Exchange) loss of 7.30 points to end the trading session at 5,908.43
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 4.18 points to end the trading session at 1,628.03
S&P 500 (SPX) loss of 4.35 points to end the trading session at 927.45
FTSE All-World Index data excluding U.S. (AW01UK) gain of 0.32 points to end the trading session at 153.62
FTSE RAFI 1000 loss of 19.22 points to end the trading session at 3,564.49
BEL 20 (BEL20) gain of 23.55 points to end the trading session at 2,004.32
CAC 40 (CAC40) gain of 10.23 points to end the trading session at 3,359.92
FTSE100 (UKX100) gain of 17.85 points to end the trading session at 4,579.64
NIKKEI 225 (NIK/O) triple digit gain of 183.56 points at the end the trading session at 9,043.12

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,075, declined stock prices 1,086, unchanged stock prices 64, stock prices hitting new highs 18 and stock prices hitting new lows 4. 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: Devon Energy Corporation (NYSE: DVN) stock price gained 2.49 points on the trading session, high on the trading session $73.01, low on the trading session $67.50, with a closing stock price at $70.98; Apache Corporation (NYSE: APA) stock price gained 3.79 points on the trading session, high on the trading session $85.32, low on the trading session $78.63, with a closing stock price at $83.05; ProShares Ultrashort Financials (NYSE: SKF) stock price gained 3.79 points on the trading session, high on the trading session $107.03, low on the trading session $101.56, with a closing stock price at $105.84; Synovus Financial Corporation (NYSE: SNV) stock price shed 1.03 points on the trading session, high on the trading session $7.94, low on the trading session $6.79, with a closing stock price at $7.17; IntercontinentalExchange Incorporated (NYSE: ICE) stock price shed 11.57 points on the trading session, high on the trading session $81.00, low on the trading session $72.66, with a closing stock price at $73.00; Monsanto Company (NYSE: MON) stock price gained 0.66 points on the trading session, high on the trading session $75.62, low on the trading session $72.33, with a closing stock price at $74.38; Yingli Green Energy Holding Corporation (NYSE: YGE) stock price gained 0.50 points on the trading session, high on the trading session $7.57, low on the trading session $6.64, with a closing stock price at $7.25; Navistar International Corporation (NYSE: NAV) stock price gained 5.67 points on the trading session, high on the trading session $31.37, low on the trading session $22.22, with a closing stock price at $30.10; Public Storage (NYSE: PSA) stock price shed 3.49 points on the trading session, high on the trading session $75.77, low on the trading session $71.70, with a closing stock price at $72.09; DeVry Incorporated (NYSE: DV) stock price shed 3.24 points on the trading session, high on the trading session $57.17, low on the trading session $52.63, with a closing stock price at $53.59; CME Group Incorporated (NYSE: CME) stock price shed 2.24 points on the trading session, high on the trading session $219.64, low on the trading session $205.32, with a closing stock price at $210.34; Rio Tinto plc (NYSE: RTP) stock price gained 2.15 points on the trading session, high on the trading session $105.39 low on the trading session $98.81, with a closing stock price at $101.55; ProShares Ultrashort S&P 500 (NYSE: SDS) stock price shed 0.06 points on the trading session, high on the trading session $67.93, low on the trading session $65.37, with a closing stock price at $66.51; ProShares Ultrashort Real Estate (NYSE: SRS) stock price gained 1.79 points on the trading session, high on the trading session $56.24, low on the trading session $52.33, with a closing stock price at $55.02.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,543, declined stock prices 1,303, unchanged stock prices 125, stock prices hitting new 16 and stock prices hitting new lows 10. 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 Incorporated (NasdaqGS: BIDU) stock price gained 1.59 points on the trading session, high on the trading session $139.98, low on the trading session $130.15, with a closing stock price at $137.00; Apple Incorporated (NasdaqGS: AAPL) stock price gained 3.83 points on the trading session, high on the trading session $96.18, low on the trading session $92.71, with a closing stock price at $94.58;  Allegiant Travel Company (NasdaqGS: ALGT) stock price shed 3.13 points on the trading session, high on the trading session $42.73, low on the trading session $39.48, with a closing stock price at $40.63; CONMED Corporation (NasdaqGS: CNMD) stock price shed 6.93 points on the trading session, high on the trading session $19.75, low on the trading session $16.56, with a closing stock price at $17.06; Google Incorporated (NasdaqGS: GOOG) stock price gained 6.73 points on the trading session, high on the trading session $331.24, low on the trading session $315.00, with a closing stock price at $328.05.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 415, declined stock prices 211, unchanged stock prices 39, stock prices hitting new highs 2 and stock prices hitting new lows 5.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 09: End of trading session price 926.75; Change for the trading session -0.75
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,263.50; Change for the trading session -1.50
E-mini DOW $5 (YM) Mar 09: End of trading session price 8,913; Change for the trading session -5
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 549.70; Change for the trading session -0.90
E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 9,195; Change for the trading session 0

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7350 to U.S. Dollars 1.3605
Japanese Yen 93.360 to U.S. Dollars 0.0107
British Pound 0.6805 to U.S. Dollars 1.4695
Canadian Dollar 1.1881 to U.S. Dollars 0.8417
Swiss Franc 1.1098 to U.S. Dollars 0.9011

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (February 09) gained $2.47 on the trading session for a closing price of $48.81 per barrel ($US per barrel)
Heating Oil (February 09) gained $0.10 on the trading session for a closing price of $1.58 a gallon ($US per gallon)
Natural Gas (March 09) gained $0.09 on the trading session for a closing price of $6.09 per million BTU ($US per mmbtu.)
Unleaded Gas (February 09) gained $0.07 on the trading session for a closing price of $1.18 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 09) shed $21.70 on the trading session for a closing price of $857.80 ($US per Troy ounce)
Silver (March 09) shed $0.22 on the trading session for a closing price of $11.27 ($US per Troy ounce)
Platinum (April 09) gained $10.90 on the trading session for a closing price of $957.60 ($US per Troy ounce)
Copper (March 09) no change on the trading session for a closing price of $1.46 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 09) shed 1.18 on the trading session for a closing price of 62.68
Pork Bellies (February 09) shed 3.00 on the trading session for a closing price of 86.45
Live Cattle (February 09) gained 0.45 on the trading session for a closing price of 87.55
Feeder Cattle (March 09) gained 1.20 on the trading session for a closing price of 96.73

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) shed 1.00 on the trading session for a closing price of 411.25
Soybeans (March 09) gained 10.00 on the trading session for a closing price of 987.00

BOND MARKET:
2 year Bond Closing price 100 5/32, change +4/32, Yield 0.79, Yield change -0.05
5 year Bond closing price of 99 2/32, change +5/32, Yield 1.69, Yield change -0.03
10 year Bond closing price 111 1/32, change -30/32, Yield 2.47, Yield change +0.10
30 year Bond closing price 128 28/32, change - 4 28/32, Yield 3.01, Yield change +0.21

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