Earnings Report

[MTnews]

Daily Market Commentary for October 23, 2008 from

Earnings released for the third quarter are not impressing investors which is only increasing the strength of the selloff in the markets, across the board. ()

Economic data released today:
Jobless Claims: U.S. Jobless Claims for week of October 18 rose by 15K to 478K compared to survey of an increase by 2K; U.S. Continuing Claims for week of October 11 fell by 6K to 3,720,000; U.S. Jobless Claims Revised for week of October 11 to 463K from 461K; Labor Department reports that Hurricane Ike added 12K Jobless Claims in Texas.

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 172.04 points on the day to end the trading session at 8,691.25
NYSE (New York Stock Exchange) gain of 41.60 points to end the trading session at 5,672.07
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 11.84 points to end the trading session at 1,603.91
S&P 500 gain of 11.34 points to end the trading session at 908.12
FTSE All-World excluding U.S. loss of 0.49 points to end the trading session at 146.08
FTSE RAFI 1000 loss of 2.20 points to end the trading session at 3,510.50
BEL 20 (BEL20) gain of 14.51 points to end the trading session at 1,983.14
CAC 40 (CAC40) gain of 12.69 points to end the trading session at 3,310.87
FTSE100 (UKX100) gain of 46.94 points to end the trading session at 4,087.83
NIKKEI 225 (NIK/O) triple digit loss of 213.71 points to end the trading session at 8,460.98

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 1,112 declined stock prices 2,084; unchanged stock prices 64; stock prices hitting new highs 3 and stock prices hitting new lows 702.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: Terex Corporation (NYSE: TEX) stock price shed 2.32 points on the trading session, high on the trading session $16.24, low on the trading session $12.98 with a closing stock price at $14.40; ITT Educations Services Incorporated (NYSE: ESI) stock price gained 0.36 points on the trading session, high on the trading session $83.17, low on the trading session $69.53 with a closing stock price at $71.36; Alcon Incorporated (NYSE: ACL) stock price shed 38.66 points on the trading session, high on the trading session $103.70, low on the trading session $87.55 with a closing stock price at $96.79; C.R. Bard Incorporated (NYSE: BCR) stock price gained 4.88 points on the trading session, high on the trading session $85.32, low on the trading session $78.35 with a closing stock price at $83.13; Goldman Sachs Group Incorporated (NYSE: GS) stock price shed 6.48 points on the trading session, high on the trading session $116.00, low on the trading session $101.71 with a closing stock price at $108.58; Proshares Ultrashort (NYSE: EEV) stock price shed 6.90 points on the trading session, high on the trading session $172.85, low on the trading session $145.01 with a closing stock price at $153.00; Ultrashort Financial ProShares Corporation (NYSE: SKF) stock price gained 3.96 points on the trading session, high on the trading session $170.75, low on the trading session $145.31 with a closing stock price at $152.26; Covance Incorporated (NYSE: CVD ) stock price shed 14.02 points on the trading session, high on the trading session $63.25, low on the trading session $49.50 with a closing stock price at $52.45; Rio Tinto plc (NYSE: RTP) stock price shed 0.51 points on the trading session, high on the trading session $148.70, low on the trading session $130.96 with a closing stock price at $143.51; Devon Energy Corporation (NYSE: DVN) stock price gained 3.28 points on the trading session, high on the trading session $73.29, low on the trading session $65.25 with a closing stock price at $72.62; CME Group Incorporated (NYSE: CME) stock price shed 26.77 points on the trading session, high on the trading session $312.90, low on the trading session $262.20 with a closing stock price at $277.40; Transocean Incorporated (NYSE: RIG) stock price gained 2.94 points on the trading session, high on the trading session $73.00, low on the trading session $66.30 with a closing stock price at $71.82; Agnico-Eagle Mines Limited (NYSE: AEM) stock price shed 2.11 points on the trading session, high on the trading session $27.74, low on the trading session $22.44 with a closing stock price at $23.74; Massey Energy Company (NYSE: MEE) stock price shed 1.05 points on the trading session, high on the trading session $22.14, low on the trading session $17.84 with a closing stock price at $19.31.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 732; declined stock prices 2,144; unchanged stock prices 83; stock prices hitting new highs n/a; stock prices hitting new lows 544.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: Amazon.com Incorporated (NasdaqGS: AMZN) stock price gained 0.10 points on the trading session, high on the trading session $50.91, low on the trading session $43.31 with a closing stock price at $50.00; FS Network Incorporated (NasdaqGS: FFIV) stock price gained 1.97 points on the trading session, high on the trading session $22.70, low on the trading session $20.43 with a closing stock price at $21.75; Lam Research Corporation (NasdaqGS: LRCX) stock price shed 0.30 points on the trading session, high on the trading session $20.19, low on the trading session $18.12 with a closing stock price at $18.91; Axsys Technologies Incorporated (NasdaqGS: AXYS) stock price shed 0.10 points on the trading session, high on the trading session $59.43, low on the trading session $53.23 with a closing stock price at $56.39; Baidu.com Incorporated (NasdaqGS: BIDU) stock price shed 38.43 points on the trading session, high on the trading session $240.33, low on the trading session $206.00 with a closing stock price at $210.66.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 382; declined stock prices 748; unchanged stock prices 74; stock prices hitting new highs 4 and stock prices hitting new lows 202.

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 907.75 change 5.00
E-mini NASDAQ-100 (NQ) end of day price 1,238.00 change -10.00
E-mini S&P SmallCap 600 (SMP) end of day price 259.60, change -11.50
$5 DJIA (YM) end of day price 8,679 change 122

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7748 to U.S. Dollars 1.2906
Japanese Yen 96.90 to U.S. Dollars 0.0103
British Pound 0.6185 to U.S. Dollars 1.6168
Canadian Dollar 1.2532 to U.S. Dollars 0.7980
Swiss Franc 1.1612 to U.S. Dollars 0.8612

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) gained $1.09 on the day for a closing price of $67.84 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) no change on the day for a closing price of $2.06 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.32 on the day for a closing price of $6.891 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) gained $0.01 on the day for a closing price of $1.58 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) shed $20.50 on the day for a closing price of $714.70 ($US per Troy ounce)
Silver (COMEX: CMX) gained $0.04 on the day for a closing price of $9.50 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $44.60 on the day for a closing price of $812.60 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.06 on the day for a closing price of $1.80 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.28 on the day for a closing price of 57.93
Pork Bellies (Chicago Mercantile Exchange: CME) shed 1.48 on the day for a closing price of 86.48
Live Cattle (Chicago Mercantile Exchange: CME) shed 2.00 on the day for a closing price of 89.88
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 2.48 on the day for a closing price of 96.08

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 5.25 on the day for a closing price of 390.25
Soybeans (Chicago Board of Trade: CBT) gained 23.75 on the day for a closing price of 888.50

Bond Market:
2 year bond shed 3/32 on the day for a closing price of 100 27/32 with a Yield of 1.55, Yield Change 0.05
5 year bond shed 9/32 on the day for a closing price of 102 16/32 with a Yield of 2.57, Yield Change 0.05
10 year bond gained 17/32 on the day for a closing price of 103 27/32 with a Yield of 3.53, Yield Change -0.06
30 year bond gained 1 22/32 on the day for a closing price of 109 10/32 with a Yield of 3.96, Yield Change -0.09

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