Interest Rates

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Daily Market Commentary for October 27, 2008 from

Ahead of the Federal Reserve Open Market Committee two day meeting on interest rates that begins tomorrow, the markets merely face continued uncertainty. ()

Economic data released today:

New Home Sales:
U.S. September New Home Sales increased by 2.7 percent to 464,000 Million as compared to consensus of 455,000 Million and U.S. August New Home Sales revised to 452,000 Million from 460,000 Million.

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) triple digit loss of 203.18 points on the day to end the trading session at 8,175.77
NYSE (New York Stock Exchange) triple digit loss of 231.01 points to end the trading session at 5,196.53
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 46.13 points to end the trading session at 1,505.90
S&P 500 loss of 27.85 points to end the trading session at 848.92
FTSE All-World excluding U.S. loss of 4.60 points to end the trading session at 135.00
FTSE RAFI 1000 loss of 61.89 points to end the trading session at 3,343.71
BEL 20 (BEL20) loss of 63.87 points to end the trading session at 1,854.21
CAC 40 (CAC40) triple digit loss of 126.44 points to end the trading session at 3,067.35
FTSE100 (UKX100) loss of 30.77 points to end the trading session at 3,852.59
NIKKEI 225 (NIK/O) triple digit loss of 486.18 points to end the trading session at 7,162.90

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 698, declined stock prices 2,505; unchanged stock prices 59; stock prices hitting new highs 3 and stock prices hitting new lows 618. 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: PT UltraShort MidCap400 ProShares (NYSE: MZZ) stock price gained 11.45 points on the trading session, high on the trading session $130.87, low on the trading session $118.07 with a closing stock price at $130.87; Devon Energy (NYSE: DVN) stock price shed 5.36 points on the trading session, high on the trading session $71.23, low on the trading session $63.75 with a closing stock price at $64.47; Apache Corporation (NYSE: APA) stock price shed 5.34 points on the trading session, high on the trading session $70.45, low on the trading session $63.70 with a closing stock price at $64.36; Goldman Sachs Group Incorporated (NYSE: GS) stock price shed 7.52 points on the trading session, high on the trading session $102.00, low on the trading session $91.47 with a closing stock price at $92.88; Capital One Financial Corporation (NYSE: COF) stock price shed 0.90 points on the trading session, high on the trading session $37.77, low on the trading session $34.29 with a closing stock price at $34.40; ACE Limited (NYSE: ACE) stock price shed 4.16 points on the trading session, high on the trading session $50.45, low on the trading session $44.23 with a closing stock price at $44.35; Toyota Motor Corporation (NYSE: TM) stock price shed 3.92 points on the trading session, high on the trading session $65.50, low on the trading session $62.00 with a closing stock price at $62.17; Starwood Hotels & Resorts Worldwide Incorporated (NYSE: HOT) stock price shed 1.78 points on the trading session, high on the trading session $19.89, low on the trading session $17.49 with a closing stock price at $17.51; Loews Corporation (NYSE: L) stock price shed 5.66 points on the trading session, high on the trading session $29.53, low on the trading session $25.65 with a closing stock price at $25.65; Ultrashort Financial ProShares Corporation (NYSE: SKF) stock price gained 14.18 points on the trading session, high on the trading session $178.02, low on the trading session $157.27 with a closing stock price at $177.99; CME Group Incorporated (NYSE: CME) stock price shed 17.66 points on the trading session, high on the trading session $254.37, low on the trading session $232.57 with a closing stock price at $233.54; Proshares Ultrashort (NYSE: EEV) stock price gained 11.30 points on the trading session, high on the trading session $196.00, low on the trading session $173.05 with a closing stock price at $194.00.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 641; declined stock prices 2,235; unchanged stock prices 105; stock prices hitting new highs 2; stock prices hitting new lows 599. 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: Thoratec Corporation (NasdaqGS: THOR) stock price shed 3.36 points on the trading session, high on the trading session $22.21, low on the trading session $20.18 with a closing stock price at $21.68; Zions Bancorporation (NasdaqGS: ZION) stock price gained 2.22 points on the trading session, high on the trading session $36.98, low on the trading session $30.36 with a closing stock price at $34.46; Google, Incorporated (NasdaqGS: GOOG) stock price shed 10.49 points on the trading session, high on the trading session $343.00, low on the trading session $325.60 with a closing stock price at $328.80; Savient Pharmaceuticals Incorporated (NasdaqGS: SVNT) stock price shed 8.53 points on the trading session, high on the trading session $6.75, low on the trading session $2.80 with a closing stock price at $3.05; Baidu.com Incorporated (NasdaqGS: BIDU) stock price shed 12.06 points on the trading session, high on the trading session $192.00, low on the trading session $178.50 with a closing stock price at $179.16.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 356; declined stock prices 778; unchanged stock prices 79; stock prices hitting new highs 7 and stock prices hitting new lows 201.

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 day price 840.00 change -26.00
E-mini NASDAQ-100 (NQ) end of day price 1,165.75 change -25.75
E-mini S&P SmallCap 600 (SMP) end of day price 237.10 change -10.80
$5 DJIA (YM) end of day price 8,053 change -208

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7988 to U.S. Dollars 1.2518
Japanese Yen 93.54 to U.S. Dollars 0.0107
British Pound 0.6411to U.S. Dollars 1.5599
Canadian Dollar 1.2893 to U.S. Dollars 0.7756
Swiss Franc 1.1562 to U.S. Dollars 0.8649

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $0.93 on the day for a closing price of $63.22 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.03 on the day for a closing price of $1.94 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.12 on the day for a closing price of $6.63 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) no change on the day for a closing price of $1.48 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) gained $12.60 on the day for a closing price of $742.90 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.10 on the day for a closing price of $9.20 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $5.10 on the day for a closing price of $797.20 ($US per Troy ounce)
Copper (COMEX: CMX) gained $0.12 on the day for a closing price of $1.81 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.05 on the day for a closing price of 58.55
Pork Bellies (Chicago Mercantile Exchange: CME) gained 2.08 on the day for a closing price of 86.40
Live Cattle (Chicago Mercantile Exchange: CME) gained 1.23 on the day for a closing price of 88.78
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 1.60 on the day for a closing price of 94.70

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 12.50 on the day for a closing price of 385.25
Soybeans (Chicago Board of Trade: CBT) gained 30.50 on the day for a closing price of 897.50

Bond Market:
2 year bond shed 3/32 on the day for a closing price of 100 26/32 with a Yield of 1.56, Yield Change 0.05
5 year bond shed 9/32 on the day for a closing price of 102 8/32 with a Yield of 2.63, Yield Change 0.06
10 year bond shed 6/32 on the day for a closing price of 102 11/32 with a Yield of 3.71, Yield Change 0.03
30 year bond shed 13/32 on the day for a closing price of 107 2/32 with a Yield of 4.08, Yield Change 0.02

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