RTC Resolution Trust Corporation

[MTnews]

Daily Market Commentary for September 18, 2008 from

After the Treasury Department announced that they are working on a plan to form a clearing house for bad assets, similar to the old Resolution Trust Corporation, the markets rallied higher amidst an explosion of immense trading volume, with all sectors riding the train higher on the tail of the news. ()

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 401.08 points on the day to end the trading session at 11,010.74
NYSE (New York Stock Exchange) triple digit gain of 334.41 points to end the trading session at 7,774.80
NASDAQ triple digit gain of 100.25 points to end the trading session at 2,199.10
S&P 500 gain of 50.12 points to end the trading session at 1,206.51
FTSE All-World excluding U.S. gain of 3.01 points to end the trading session at 197.56
FTSE RAFI 1000 triple digit gain of 247.46 points to end the trading session at 4,808.18
BEL 20 (BEL20) loss of 5.04 points to end the trading session at 2,783.91
CAC 40 (CAC40) loss of 42.25 points to end the trading session at 3,957.86
FTSE100 (UKX100) loss of 32.4 points to end the trading session at 4,880.00
NIKKEI 225 (NIK/O) triple digit loss of 260.49 points to end the trading session at 11,489.30

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 2,393; declined stock prices 871; unchanged stock prices 42; stock prices hitting new highs 1 and stock prices hitting new lows 1.
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: Monsanto Company (NYSE: MON) stock price gained 5.00 points on the trading session, high on the trading session $115.04, low on the trading session $102.59 with a closing stock price at $112.65; Assurant Incorporated (NYSE: AIZ) stock price gained 0.37 points on the trading session, high on the trading session $51.79, low on the trading session $38.52 with a closing stock price at $51.14; M&T Bank Corporation (NYSE: MTB) stock price gained 12.55 points on the trading session, high on the trading session $92.39, low on the trading session $75.06 with a closing stock price at $90.10; Federated investors Incorporated (NYSE: FII) stock price shed 3.41 points on the trading session, high on the trading session $32.34, low on the trading session $17.17 with a closing stock price at $27.10; State Street Corporation (NYSE: STT) stock price shed 59.00 points on the trading session, high on the trading session $68.70, low on the trading session $29.09 with a closing stock price at $59.00; Walter Industries Incorporated (NYSE: WLT) stock price gained 3.36 points on the trading session, high on the trading session $63.18, low on the trading session $54.00 with a closing stock price at $61.72; Devon Energy Corporation (NYSE: DVN) stock price gained 4.13 points on the trading session, high on the trading session $100.53, low on the trading session $94.19 with a closing stock price at $97.98; CME Group Incorporated (NYSE: CME) stock price gained 28.32 points on the trading session, high on the trading session $360.00, low on the trading session $310.80 with a closing stock price at $350.00; Goldman Sachs Group Incorporated (NYSE: GS) stock price gained 6.50 points on the trading session, high on the trading session $120.00, low on the trading session $85.88 with a closing stock price at $108.00; Morgan Stanley (NYSE: MS) stock price gained 0.80 points on the trading session, high on the trading session $24.72, low on the trading session $11.70 with a closing stock price at $22.55; Ultrashort Financial Corporation (NYSE: SKF) stock price shed 18.51 points on the trading session, high on the trading session $154.77, low on the trading session $110.50 with a closing stock price at $116.50; Potash Corporation Saskatchewan (NYSE: POT) stock price gained 3.17 points on the trading session, high on the trading session $168.91, low on the trading session $151.40 with a closing stock price at $163.50.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 2,156; declined stock prices 823; unchanged stock prices 97; stock prices hitting new highs 80; stock prices hitting new lows 373.
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: Vertex Pharmaceuticals Incorporated (NasdaqGS: VRTX) stock price gained 1.34 points on the trading session, high on the trading session $28.05, low on the trading session $24.62 with a closing stock price at $27.91; SunModics Incorporated (NasdaqGS: SRDX) stock price shed 9.17 points on the trading session, high on the trading session $31.47, low on the trading session $28.05 with a closing stock price at $29.93; Apogee Enterprises Incorporated (NasdaqGS: APOG) stock price shed 2.07 points on the trading session, high on the trading session $17.70, low on the trading session $16.00 with a closing stock price at $16.87; Google Incorporated (NasdaqGS: GOOG) stock price gained 10.63 points on the trading session, high on the trading session $439.18, low on the trading session $410.50 with a closing stock price at $425.12; Baidu.com Incorporated (NasdaqGS: BIDU) stock price shed 38.46 points on the trading session, high on the trading session $305.25, low on the trading session $236.12 with a closing stock price at $292.00.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 681; declined stock prices 608; unchanged stock prices 65; stock prices hitting new highs n/a; stock prices hitting new lows n/a.

Chicago Board of Trade Futures Market activity for the day, at time of this posting for September 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1,191.00 change 30.25
E-mini NASDAQ-100 (NQ) end of day price 1,689.25, change 48.50
E-mini S&P SmallCap 600 (SMP) end of day price 362.40, change 0.00
$5 DJIA (YM) end of day price 10,659 change 0

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6965 to U.S. Dollars 1.4357
Japanese Yen 105.280 to U.S. Dollars 0.0095
British Pound 0.5494 to U.S. Dollars 1.8203
Canadian Dollar 1.0590 to U.S. Dollars 0.9443
Swiss Franc 1.1034 to U.S. Dollars 0.9063

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) gained $0.72 on the day for a closing price of $97.88 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.04 on the day for a closing price of $2.80 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.27 on the day for a closing price of $7.93 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) gained $0.02 on the day for a closing price of $2.48 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) gained $46.50 on the day for a closing price of $897.00 ($US per Troy ounce)
Silver (COMEX: CMX) gained $1.03 on the day for a closing price of $12.70 ($US per Troy ounce)
Platinum (NYMEX: NYM) gained $51.30 on the day for a closing price of $1,137.60 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.02 on the day for a closing price of $3.07 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 0.45 on the day for a closing price of 67.83
Pork Bellies (Chicago Mercantile Exchange: CME) shed 1.90 on the day for a closing price of 88.20
Live Cattle (Chicago Mercantile Exchange: CME) shed 2.33 on the day for a closing price of 101.73
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 2.05 on the day for a closing price of 103.83

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 26.75 on the day for a closing price of 527.25
Soybeans (Chicago Board of Trade: CBT) shed 23.00 on the day for a closing price of 1,116.00

Bond Market:
2 year bond shed 9/32 on the day for a closing price of 101 4/32 with a Yield of 1.77, Yield Change 0.14
5 year bond shed 23/32 on the day for a closing price of 102 3/32 with a Yield of 2.33, Yield Change 0.15
10 year bond shed 1 6/32 on the day for a closing price of 103 21/32 with a Yield of 3.55, Yield Change 0.14
30 year bond shed 1 25/32 on the day for a closing price of 105 10/32 with a Yield of 4.18, Yield Change 0.10

Thanks for reading