New Era

[MTnews]

Daily Market Commentary for November 5, 2008 from

The markets began a new era today, in negative territory. ()

Economic data released today:

Mortgage Bankers' Association (MBA) Purchase Applications:
U.S. MBA Refinancing Index falls 27.8 percent to 1075.4 from 1489.4; U.S. MBA Purchase Index falls 13.9 percent to 260.9 from 303.1; U.S. MBA Market Index falls 20.3 percent to 379.9 from 476.7.

ADP Employment Report:
ADP sees U.S. Private Sector Jobs for October down 157,000 and ADP U.S. Private Sector Jobs for October expected to be lower by 100,000.

Institute for Supply Management (ISM) Non-Manufacturing Survey:
U.S. ISM: Respondents worried about State of Economy; U.S. ISM: Prices Index lowest since July 2003; U.S. ISM October Non-Manufacturing New Orders Index came in at 44.0 versus September 50.8; U.S. ISM October Non-Manufacturing Prices Index came in at 53.4 versus September 70.0; U.S. ISM October Non-Manufacturing Employment Index came in at 41.5 versus September 44.2; U.S. ISM October Non-Manufacturing Business Index came in at 44.2 versus September 52.1; U.S. ISM October Non-Manufacturing Composite Index came in at 44.4 versus September 50.2; U.S. ISM October Non-Manufacturing Business Index came in at 44.2; U.S. ISM October Non-Manufacturing Composite Index expected to come in at 47.0; U.S. ISM October Non-Manufacturing Composite Index came in at 44.4.


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 486.01 points on the day to end the trading session at 9,139.27
NYSE (New York Stock Exchange) triple digit loss of 332.92 points to end the trading session at 6,012.17
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 98.48 points to end the trading session at 1,681.64
S&P 500 loss of 52.98 points to end the trading session at 952.77
FTSE All-World excluding U.S. loss of 5.05 points to end the trading session at 158.23
FTSE RAFI 1000 triple digit loss of 220.68 points to end the trading session at 3,689.51
BEL 20 (BEL20) loss of 34.23 points to end the trading session at 2,199.43
CAC 40 (CAC40) loss of 72.98 points to end the trading session at 3,618.11
FTSE100 (UKX100) triple digit loss of 108.77 points to end the trading session at 4,530.73
NIKKEI 225 (NIK/O) triple digit gain of 406.64 points to end the trading session at 9,521.24

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 637, declined stock prices 2,534; unchanged stock prices 68; stock prices hitting new highs 5 and stock prices hitting new lows 26. 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: CNOOC Limited (NYSE: CEO) stock price shed 9.73 points on the trading session, high on the trading session $85.99, low on the trading session $77.54 with a closing stock price at $78.06; Agnico-Eagle Mines Limited (NYSE: AEM) stock price shed 1.49 points on the trading session, high on the trading session $35.88, low on the trading session $32.46 with a closing stock price at $32.78; Weight Watchers International (NYSE: WTW) stock price shed 0.68 points on the trading session, high on the trading session $33.50, low on the trading session $29.32 with a closing stock price at $29.44; Pioneer Natural Resources Incorporated (NYSE: PXD) stock price shed 4.42 points on the trading session, high on the trading session $25.90, low on the trading session $21.58 with a closing stock price at $24.79; Boston Beer Company Incorporated (NYSE: SAM) stock price shed 2.84 points on the trading session, high on the trading session $34.24, low on the trading session $31.63 with a closing stock price at $33.69; Companhia Brasileira de Distribution (NYSE: CBD) stock price shed 2.51 points on the trading session, high on the trading session $33.69, low on the trading session $31.27 with a closing stock price at $33.39; Chesapeake Energy Corporation (NYSE: CHK) stock price gained 1.86 points on the trading session, high on the trading session $26.95, low on the trading session $21.95 with a closing stock price at $24.83; Ultrashort Financial ProShares Corporation (NYSE: SKF) stock price gained 17.70 points on the trading session, high on the trading session $130.00, low on the trading session $112.83 with a closing stock price at $128.43.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 606; declined stock prices 2,270; unchanged stock prices 98; stock prices hitting new highs 6; stock prices hitting new lows 83. 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: Take-Two Interactive Software Incorporated (NasdaqGS: ITWO) stock price shed 3.95 points on the trading session, high on the trading session $11.55, low on the trading session $10.27 with a closing stock price at $0.65; Apple Incorporated (NasdaqGS: AAPL) stock price shed 7.49 points on the trading session, high on the trading session $109.72, low on the trading session $102.99 with a closing stock price at $103.50; Andersons Incorporated (NasdaqGS: ANDE) stock price gained 0.27 points on the trading session, high on the trading session $25.82, low on the trading session $23.29 with a closing stock price at $23.56; SPSS Incorporated (NasdaqGS: SPSS) stock price gained 0.60 points on the trading session, high on the trading session $26.09, low on the trading session $23.62 with a closing stock price at $23.92; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 24.51 points on the trading session, high on the trading session $172.21, low on the trading session $151.85 with a closing stock price at $153.01; Intuitive Surgical Incorporated (NasdaqGS: ISRG) stock price shed 10.83 points on the trading session, high on the trading session $200.87, low on the trading session $186.20 with a closing stock price at $192.09; Google Incorporated (NasdaqGS: GOOG) stock price shed 24.44 points on the trading session, high on the trading session $368.88, low on the trading session $341.31 with a closing stock price at $342.50.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 353; declined stock prices 629; unchanged stock prices 68; stock prices hitting new highs 2 and stock prices hitting new lows 9.

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 -46.75
E-mini NASDAQ-100 (NQ) end of day price 1,304.50 change -76.00
E-mini S&P SmallCap 600 (SMP) end of day price 276.30 change -13.60
$5 DJIA (YM) end of day price 9,168 change -419

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7721 to U.S. Dollars 1.2951
Japanese Yen 98.54 to U.S. Dollars 0.0101
British Pound 0.6277 to U.S. Dollars 1.5930
Canadian Dollar 1.1663 to U.S. Dollars 0.8574
Swiss Franc 1.1595 to U.S. Dollars 0.8624

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $5.23 on the day for a closing price of $65.30 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.11 on the day for a closing price of $2.05 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) gained $0.04 on the day for a closing price of $7.49 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.11 on the day for a closing price of $1.42 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) gained $14.90 on the day for a closing price of $742.40 ($US per Troy ounce)
Silver (COMEX: CMX) gained $0.33 on the day for a closing price of $10.46 ($US per Troy ounce)
Platinum (NYMEX: NYM) gained $22.30 on the day for a closing price of $880.00 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.14 on the day for a closing price of $1.82 ($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 54.48
Pork Bellies (Chicago Mercantile Exchange: CME) shed 0.85 on the day for a closing price of 83.80
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.43 on the day for a closing price of 94.28
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 0.48 on the day for a closing price of 100.78

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 22.75 on the day for a closing price of 390.25
Soybeans (Chicago Board of Trade: CBT) shed 55.00 on the day for a closing price of 904.00

Bond Market:
2 year bond gained 2/32 on the day for a closing price of 100 9/32 with a Yield of 1.35, Yield Change -0.02
5 year bond gained 8/32 on the day for a closing price of 101 7/32 with a Yield of 2.48, Yield Change -0.05
10 year bond gained 15/32 on the day for a closing price of 102 21/32 with a Yield of 3.67, Yield Change -0.05
30 year bond shed 1 on the day for a closing price of 106 5/32 with a Yield of 4.13, Yield Change -0.06

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