Credit Crisis

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Daily Market Commentary for October 30, 2008 from

A gloomy speech from Janet Yellen at the San Francisco Fed. ()

Economic data released today:

Jobless Claims:
U.S. Jobless Claims Unchanged at 479K for week of October 25 compared to survey of a drop by 3K; U.S. Continuing Claims for week of October 18 fell by 12K to 3,715,000; U.S. Jobless Claims Revised for week of October 18 to 479K from 478K.

GDP:
U.S. GDP fell at rate of 0.3 percent during 3Q compared to consensus of a drop by rate of 0.5 percent; U.S. Real Final Sales fell 0.8 percent during 3Q; U.S. PCE Price Index increased by rate of 5.4 percent during 3Q; U.S. Domestic Purchases Price Index increased at rate of 4.8 percent during 3Q; U.S. Chain-Weighted Price Index increased at rate of 4.2 percent during 3Q; U.S. GDP Decline marks Weakest Performance in Seven Years; Consumer Spending Drops during 3Q by 3.1 percent and results in Weakest Consumer Spending since 1980.

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 gain of 189.89 points on the day to end the trading session at 9,180.85
NYSE (New York Stock Exchange) triple digit gain of 199.90 points to end the trading session at 5,974.79
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 41.31 points to end the trading session at 1,698.52
S&P 500 gain of 24.00 points to end the trading session at 954.09
FTSE All-World excluding U.S. gain of 5.43 points to end the trading session at 153.43
FTSE RAFI 1000 gain of 91.30 points to end the trading session at 3,694.07
BEL 20 (BEL20) gain of 20.61 points to end the trading session at 2,043.47
CAC 40 (CAC40) gain of 5.25 points to end the trading session at 3,407.82
FTSE100 (UKX100) gain of 49.11 points to end the trading session at 4,291.65
NIKKEI 225 (NIK/O) triple digit gain of 817.86 points to end the trading session at 9,029.76

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 2,578, declined stock prices 607; unchanged stock prices 64; stock prices hitting new highs 6 and stock prices hitting new lows 62.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: Hartford Financial Services (NYSE: HIG) stock price shed 10.24 points on the trading session, high on the trading session $17.79, low on the trading session $8.23 with a closing stock price at $9.62; General Cable Corporation (NYSE: BGC) stock price gained 0.31 points on the trading session, high on the trading session $17.41, low on the trading session $14.03 with a closing stock price at $15.99; Cliffs Natural Resources Incorporated (NYSE: CLF) stock price shed 0.49 points on the trading session, high on the trading session $29.73, low on the trading session $25.52 with a closing stock price at $26.70; Ultrashort Financial ProShares Corporation (NYSE: SKF) stock price shed 7.66 points on the trading session, high on the trading session $143.15, low on the trading session $132.10 with a closing stock price at $137.23; Goldman Sachs Group Incorporated (NYSE: GS) stock price shed 6.55 points on the trading session, high on the trading session $101.25, low on the trading session $88.01 with a closing stock price at $91.11; Rio Tinto (NYSE: RTP) stock price gained 7.94 points on the trading session, high on the trading session $191.29, low on the trading session $173.30 with a closing stock price at $183.75; Devon Energy (NYSE: DVN) stock price gained 5.03 points on the trading session, high on the trading session $77.67, low on the trading session $71.31 with a closing stock price at $76.81; Prudential Financial Incorporate (NYSE: PRU) stock price shed 6.38 points on the trading session, high on the trading session $37.78, low on the trading session $26.11 with a closing stock price at $28.87; Intercontinental Exchange Incorported (NYSE: ICE) stock price gained 19.54points on the trading session, high on the trading session $84.44, low on the trading session $69.50 with a closing stock price at $81.33; Proshares Ultrashort (NYSE: EEV) stock price shed 26.50 points on the trading session, high on the trading session $100.12, low on the trading session $86.41 with a closing stock price at $88.00; Potash Corporation Saskatchewan (NYSE: POT) stock price gained 5.31 points on the trading session, high on the trading session $86.03, low on the trading session $80.60 with a closing stock price at $84.71; CME Group Incorporated (NYSE: CME) stock price gained 9.00 points on the trading session, high on the trading session $288.00, low on the trading session $267.32 with a closing stock price at $274.00.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 2,122; declined stock prices 797; unchanged stock prices 113; stock prices hitting new highs 5; stock prices hitting new lows 153. 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: Biogen Idec Incorporated (NasdaqGS: BIIB) stock price shed 0.95 points on the trading session, high on the trading session $41.06, low on the trading session $39.17 with a closing stock price at $40.99; ValueClick Incorporated (NasdaqGS: VCLK) stock price gained 0.79 points on the trading session, high on the trading session $7.72, low on the trading session $6.83 with a closing stock price at $7.24; Cognex Corporation (NasdaqGS: CGNX) stock price shed 0.26 points on the trading session, high on the trading session $15.95, low on the trading session $14.55 with a closing stock price at $15.46; First Solar Incorporated (NasdaqGS: FSLR) stock price gained 24.25 points on the trading session, high on the trading session $144.07, low on the trading session $131.00 with a closing stock price at $143.30.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 698; declined stock prices 418; unchanged stock prices 72; stock prices hitting new highs 3 and stock prices hitting new lows 29.

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 956.50 change 29.50
E-mini NASDAQ-100 (NQ) end of day price 1,337.75 change 43.75
E-mini S&P SmallCap 600 (SMP) end of day price 276.30 change 13.40
$5 DJIA (YM) end of day price 9,182 change 328

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7736 to U.S. Dollars 1.2927
Japanese Yen 98.50 to U.S. Dollars 0.0102
British Pound 0.6071 to U.S. Dollars 1.6472
Canadian Dollar 1.2163 to U.S. Dollars 0.8222
Swiss Franc 1.1397 to U.S. Dollars 0.8774

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $1.54 on the day for a closing price of $65.96 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.03 on the day for a closing price of $2.00 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.32 on the day for a closing price of $6.73 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.07 on the day for a closing price of $1.47 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) shed $15.50 on the day for a closing price of $738.50 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.02 on the day for a closing price of $9.79 ($US per Troy ounce)
Platinum (NYMEX: NYM) gained $14.00 on the day for a closing price of $830.60 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.20 on the day for a closing price of $1.89 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 1.58 on the day for a closing price of 56.00
Pork Bellies (Chicago Mercantile Exchange: CME) shed 0.63 on the day for a closing price of 86.75
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.45 on the day for a closing price of 91.45
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 1.35 on the day for a closing price of 97.25

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 11.25 on the day for a closing price of 409.50
Soybeans (Chicago Board of Trade: CBT) shed 4.00 on the day for a closing price of 943.00

Bond Market:
2 year bond shed 1/32 on the day for a closing price of 99 28/32 with a Yield of 1.56, Yield Change 0.02
5 year bond shed 11/32 on the day for a closing price of 101 17/32 with a Yield of 2.78, Yield Change 0.07
10 year bond shed 24/32 on the day for a closing price of 100 13/32 with a Yield of 3.94, Yield Change 0.09
30 year bond shed 1 3/32 on the day for a closing price of 103 12/32 with a Yield of 4.29, Yield Change 0.06

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