Fannie Mae and Freddie Mac

[MTnews]

Daily Market Commentary for August 18, 2008 from

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) were lower on the trading session with Treasury Department spokeswoman Jennifer Zuccarelli commenting today that they have no plans to use the authorities granted under recent legislation to prop up Fannie Mae and Freddie Mac. ()

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 180.51 points on the day to end the trading session at 11,479.39
NYSE (New York Stock Exchange) triple digit loss of 101.81 points to end the trading session at 8,281.86
NASDAQ loss of 35.54 points to end the trading session at 2,416.98
S&P 500 loss of 19.58 points to end the trading session at 1,278.62
FTSE All-World excluding - U.S. loss of 1.52 points to end the trading session at 219.33
FTSE RAFI 1000 loss of 94.61 points to end the trading session at 5,030.47
BEL 20 (BEL20) loss of 8.56 points to end the trading session at 3,074.45
CAC 40 (CAC40) loss of 4.78 points to end the trading session at 4,448.84
FTSE100 (UKX100) loss of 4.6 points to end the trading session at 5,450.20
NIKKEI 225 (NIK/O) triple digit gain of 146.04 points on the day to end the trading session at 13,165.45

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 985; declined stock prices 2,163; unchanged stock prices 112; stock prices hitting new highs 33 and stock prices hitting new lows 73.
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: Hershey Company (NYSE: HSY) stock price shed 3.91 points on the trading session, high on the trading session $38.74, low on the trading session $37.30 for a closing stock price at $37.71; Trina Solar Limited (NYSE: TSL) stock price shed 0.84 points on the trading session, high on the trading session $32.75, low on the trading session $29.31 for a closing stock price at $30.14; Potash Corporation (NYSE: POT) stock price gained 0.23 points on the trading session, high on the trading session $178.29, low on the trading session $169.74 for a closing stock price at $170.04; CF Industries Holdings (NYSE: CF) stock price gained 0.86 points on the trading session, high on the trading session $134.97, low on the trading session $127.35 for a closing stock price at $129.81; Ultrashort Financial Corporation (NYSE: SKF) stock price gained 6.65 points on the trading session, high on the trading session $126.70, low on the trading session $119.26 for a closing stock price at $125.46; SandRidge Energy Incorporated (NYSE: SD) stock price shed 2.87 points on the trading session, high on the trading session $35.06, low on the trading session $29.60 for a closing stock price at $31.22; CME Group Incorporated (NYSE: CME) stock price shed 16.88 points on the trading session, high on the trading session $359.58, low on the trading session $331.34 for a closing stock price at $340.78; Mosaic Company (NYSE: MOS) stock price gained 4.05 points on the trading session, high on the trading session $105.20, low on the trading session $99.76 for a closing stock price at $101.57; United States Steel Corporation (NYSE: X) stock price gained 0.56 points on the trading session, high on the trading session $135.35, low on the trading session $130.00 for a closing stock price at $131.44; Constellation Energy Group Incorporated (NYSE: CEG) stock price shed 1.57 points on the trading session, high on the trading session $64.91, low on the trading session $61.11 for a closing stock price at $61.57.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 894; declined stock prices 1,968; unchanged stock prices 124; stock prices hitting new highs 31; stock prices hitting new lows 50.
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: Focus Media Holding Limited (NasdaqGS: FMCN) stock price gained 2.30 points on the trading session, high on the trading session $29.85, low on the trading session $28.36 for a closing stock price at $28.55; Perfect World Corporation Limited (NasdaqGS: PWRD) stock price shed 2.28 points on the trading session, high on the trading session $23.95, low on the trading session $22.25 for a closing stock price at $23.11; Google Incorporated (NasdaqGS: GOOG) stock price shed 11.85 points on the trading session, high on the trading session $510.00, low on the trading session $495.51 for a closing stock price at $498.30; Priceline.com (NasdaqGS: PCLN) stock price shed 3.11 points on the trading session, high on the trading session $103.10, low on the trading session $99.02 for a closing stock price at $100.08; Baidu.com Incorporated (NasdaqGS: BIDU) stock price shed 13.76 points on the trading session, high on the trading session $322.79, low on the trading session $305.00 for a closing stock price at $307.25; Amylin Pharmaceuticals Incorporated (NasdaqGS: AMLN) stock price shed 4.45 points on the trading session, high on the trading session $35.00, low on the trading session $28.10 for a closing stock price at $29.76; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 8.00 points on the trading session, high on the trading session $266.60, low on the trading session $254.27 for a closing stock price at $256.92.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 443; declined stock prices 726; unchanged stock prices 94; stock prices hitting new highs 13; stock prices hitting new lows 43.

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 1,281.75 change -18.00
E-mini NASDAQ-100 (NQ) end of day price 1,944.00, change -21.50
E-mini S&P SmallCap 600 (SMP) end of day price 389.80, change -6.20
$5 DJIA (YM) end of day price 11,494, change -169

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.680 to U.S. Dollars 1.4705
Japanese Yen 109.98 to U.S. Dollars 0.0091
British Pound 0.5362 to U.S. Dollars 1.8651
Canadian Dollar 1.0638 to U.S. Dollars 0.940
Swiss Franc 1.0970 to U.S. Dollars 0.9116

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $0.90 on the day for a closing price of $112.87 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.03 on the day for a closing price of $3.11 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.20 on the day for a closing price of $8.00 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.05 on the day for a closing price of $2.82 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) gained $13.60 on the day for a closing price of $805.70 ($US per Troy ounce)
Silver (COMEX: CMX) gained $0.29 on the day for a closing price of $13.22 ($US per Troy ounce)
Platinum (NYMEX: NYM) gained $5.70 on the day for a closing price of $1,393.90 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.01 on the day for a closing price of $3.31 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.25 on the day for a closing price of 75.80
Pork Bellies (Chicago Mercantile Exchange: CME) gained 0.63 on the day for a closing price of 98.15
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.10 on the day for a closing price of 105.95
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 1.03 on the day for a closing price of 113.50

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 23.25 on the day for a closing price of 572.75
Soybeans (Chicago Board of Trade: CBT) gained 70.00 on the day for a closing price of 1,289.00

Bond Market:
2 year bond gained 2/32 on the day for a closing price of 100 24/32 with a Yield of 2.34, Yield Change -0.04
5 year bond gained 4/32 on the day for a closing price of 101 12/32 with a Yield of 3.06, Yield Change -0.04
10 year bond gained 8/32 on the day for a closing price of 101 17/32 with a Yield of 3.82, Yield Change -0.03
30 year bond gained 18/32 on the day for a closing price of 101 1/32 with a Yield of 4.43, Yield Change -0.03

Access scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading services. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading