Senate Banking Committee

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Daily Market Commentary for January 6, 2009 from

Senate Banking Committee seeks SEC Records for Madoff probe as the House Financial Services Committee conducted its first hearing Monday into the failures of the Securities and Exchange Commission...()

Economic data released today:

Factory Orders:
U.S. Factory Orders fell 4.6% in November compared to consensus of a drop by 2.2%; U.S. November Factory Orders excluding Transportation fell 4.2%; U.S. November Factory Orders excluding Defense fell 4.7%; U.S. November Durable Goods revised to a drop by 1.5% from a drop by 1.0%; U.S. October Factory Orders revised to a drop by 6.0% from a drop by 5.1%.

Institute for Supply Management (ISM):
U.S. ISM December Non-Management Composite Index came in at 40.6 versus November 37.3; U.S. ISM December Non-Management Composite Index expected to come in at 36.8; U.S. ISM December Non-Management Business Index came in at 39.6 versus November 33.0; U.S. ISM December Non-Management Employment Index came in at 34.7 versus November 31.3; U.S. ISM December Non-Management Prices Index came in at 36.0 versus November 36.6; U.S. ISM December Non-Management New Orders Index came in at 39.9 versus November 35.4.

FOMC Minutes:
Fed Staff sees U.S. GDP Declining In '09; Downside Economic risks 'Substantial'; Unemployment to rise 'Significantly' into 2010; sees 'Appreciable' Easing of Inflation Pressures; Some Officials see major Risk of Too-Low Inflation; Some Officials favored Quantitative Reserve Targets; MBS, GSE and Treasury Purchases by Fed would lower yields; Sees close Cooperation between Fed Board and FOMC; Fed will buy $600B GSE, MBS Debt by end of 2Q; Discussed Benefits of Explicit Inflation Goal.

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) gain of 81.80 points to end the trading session at 9,952.89
NYSE (New York Stock Exchange) gain of 60.41 points to end the trading session at 5,968.84
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 24.35 points to end the trading session at 1,652.38
S&P 500 (SPX) gain of 7.25 points to end the trading session at 934.70
FTSE All-World Index data excluding U.S. (AW01UK) gain of 1.32 points to end the trading session at 155.15
FTSE RAFI 1000 gain of 34.26 points to end the trading session at 3,599.17
BEL 20 (BEL20) shed of 7.04 points to end the trading session at 1,997.28
CAC 40 (CAC40) gain of 36.30 points to end the trading session at 3,396.22
FTSE100 (UKX100) gain of 59.28 points to end the trading session at 4,638.92
NIKKEI 225 (NIK/O) gain of 37.72 points at the end the trading session at 9,080.84

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,457, declined stock prices 714, unchanged stock prices 60, stock prices hitting new highs 19 and stock prices hitting new lows 8. 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: MasterCard Incorporated (NYSE: MA) stock price gained 8.76 points on the trading session, high on the trading session $165.00, low on the trading session $155.29, with a closing stock price at $162.02; Visa Incorporated (NYSE: V) stock price gained 3.79 points on the trading session, high on the trading session $57.98, low on the trading session $54.50, with a closing stock price at $57.61; Siemens AG (NYSE: SI) stock price gained 1.44 points on the trading session, high on the trading session $76.87, low on the trading session $74.44, with a closing stock price at $75.91; Mosaic Company (NYSE: MOS) stock price gained 0.89 points on the trading session, high on the trading session $39.04, low on the trading session $34.85 with a closing stock price at $38.56; Diageo plc (NYSE: DEO) stock price shed 0.87 points on the trading session, high on the trading session $57.98, low on the trading session $56.22, with a closing stock price at $57.57.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,041, declined stock prices 813, unchanged stock prices 121, stock prices hitting new highs 14 and stock prices hitting new lows 5. 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: First Solar Incorporated (NasdaqGS: FSLR) stock price shed 2.74 points on the trading session, high on the trading session $160.00, low on the trading session $150.19, with a closing stock price at $155.06; Garmin Limited (NasdaqGS: GRMN) stock price shed 1.22 points on the trading session, high on the trading session $21.25, low on the trading session $19.70, with a closing stock price at $20.78; Celgene Corporation (NasdaqGS: CELG) stock price shed 4.10 points on the trading session, high on the trading session $54.25, low on the trading session $50.18, with a closing stock price at $50.26; Strayer Education Incorporated (NasdaqGS: STRA) stock price shed 11.29 points on the trading session, high on the trading session $207.00, low on the trading session $187.42, with a closing stock price at $195.12; Google Incorporated (NasdaqGS: GOOG) stock price gained 6.01 points on the trading session, high on the trading session $340.80, low on the trading session $326.39, with a closing stock price at $334.06; Apple Incorporated (NasdaqGS: AAPL) stock price shed 1.83 points on the trading session, high on the trading session $97.17, low on the trading session $92.39, with a closing stock price at $92.75.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 448, declined stock prices 179, unchanged stock prices 35, stock prices hitting new highs 5 and stock prices hitting new lows 3.

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 929.75; Change for the trading session -0.75
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,270; Change for the trading session -1.00
E-mini DOW $5 (YM) Mar 09: End of trading session price 8,946; Change for the trading session -3
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 555.40; Change for the trading session +0.40
E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 9,121595; Change for the trading session +50

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7392 to U.S. Dollars 1.3528
Japanese Yen 93.680 to U.S. Dollars 0.0107
British Pound 0.6698 to U.S. Dollars 1.4930
Canadian Dollar 1.1839 to U.S. Dollars 0.8447
Swiss Franc 1.1143 to U.S. Dollars 0.8447

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (February 09) shed $0.23 on the trading session for a closing price of $48.58 per barrel ($US per barrel)
Heating Oil (February 09) gained $0.05 on the trading session for a closing price of $1.63 a gallon ($US per gallon)
Natural Gas (March 09) shed $0.09 on the trading session for a closing price of $6.00 per million BTU ($US per mmbtu.)
Unleaded Gas (February 09) gained $0.01 on the trading session for a closing price of $1.19 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 09) gained $8.20 on the trading session for a closing price of $866.00 ($US per Troy ounce)
Silver (March 09) gained $0.18 on the trading session for a closing price of $11.45 ($US per Troy ounce)
Platinum (April 09) gained $10.60 on the trading session for a closing price of $968.20 ($US per Troy ounce)
Copper (March 09) gained $0.12 on the trading session for a closing price of $1.58 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 09) gained 1.28 on the trading session for a closing price of 63.95
Pork Bellies (February 09) gained 1.30 on the trading session for a closing price of 87.75
Live Cattle (February 09) gained 1.00 on the trading session for a closing price of 88.55
Feeder Cattle (March 09) shed 0.75 on the trading session for a closing price of 95.98

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) gained 16.25 on the trading session for a closing price of 427.50
Soybeans (March 09) gained 29.00 on the trading session for a closing price of 1,016.00

BOND MARKET:
2 year Bond Closing price 100 6/32, change 0, Yield 0.76, Yield change -0.02
5 year Bond closing price of 99 9/32, change +5/32, Yield 1.64, Yield change -0.03
10 year Bond closing price 111 9/32, change +9/32, Yield 2.45, Yield change -0.03
30 year Bond closing price 129 14/32, change +31/32, Yield 2.98, Yield change -0.04

Thanks for reading