Automakers

[MTnews]

Daily Market Commentary for December 2, 2008 from

November auto and truck sales released for the 'Big 3' indicate a serious drop in sales of nearly 50 percent for some which shocked Wall Street. ()

Economic data released today:

Redbook:
U.S. Retail Sales for 4 Weeks in November down 1.1 percent versus October.

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) triple digit gain of 270.00 points to end the trading session at 8,419.09
NYSE (New York Stock Exchange) triple digit gain of 216.30 points to end the trading session at 5,308.96
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 51.73 points to end the trading session at 1,449.80
S&P 500 (SPX) gain of 32.60 points to end the trading session at 848.81
FTSE All-World Index data excluding U.S. (AW01UK) gain of 2.42 points to end the trading session at 136.34
FTSE RAFI 1000 triple digit gain of 128.60 points to end the trading session at 3,240.50
BEL 20 (BEL20) gain of 28.36 points to end the trading session at 1,814.15
CAC 40 (CAC40) gain of 72.47 points to end the trading session at 3,152.90
FTSE100 (UKX100) gain of 57.37 points to end the trading session at 4,122.86
NIKKEI 225 (NIK/O) triple digit loss of 533.53 points to end the trading session at 7,863.69

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,391, declined stock prices 777; unchanged stock prices 71; stock prices hitting new highs 7 and stock prices hitting new lows 65. 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: Nexen Incorporated (NYSE: NXY) stock price gained 1.25 points on the trading session, high on the trading session $23.40, low on the trading session $16.07 with a closing stock price at $18.85; Mosaic Company Incorporated (NYSE: MOS) stock price gained 1.16 points on the trading session, high on the trading session $27.24, low on the trading session $23.65 with a closing stock price at $26.56; Rio Tinto (NYSE: RTP) stock price shed 2.99 points on the trading session, high on the trading session $80.62, low on the trading session $74.15 with a closing stock price at $78.06; St. Jude Medical Incorporated (NYSE: STJ ) stock price gained 2.39 points on the trading session, high on the trading session $29.40, low on the trading session $26.46 with a closing stock price at $29.19; Goldman Sachs Group Incorporated (NYSE: GS) stock price shed 0.76 points on the trading session, high on the trading session $67.00, low on the trading session $60.22 with a closing stock price at $65.00; CME Group Incorporated (NYSE: CME) stock price shed 0.64 points on the trading session, high on the trading session $178.51, low on the trading session $156.02 with a closing stock price at $172.00; ProShares Ultrashort Financials (NYSE: SKF) stock price shed 24.61 points on the trading session, high on the trading session $180.33, low on the trading session $148.13 with a closing stock price at $150.04; ProShares Ultrashort S&P 500 (NYSE: SDS) stock price shed 7.95 points on the trading session, high on the trading session $103.27, low on the trading session $95.01 with a closing stock price at $95.45; ProShares Ultrashort Real Estate (NYSE: SRS) stock price shed 37.14 points on the trading session, high on the trading session $159.64, low on the trading session $125.53 with a closing stock price at $127.80.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,027; declined stock prices 853; unchanged stock prices 131; stock prices hitting new highs 4 and stock prices hitting new lows 123. 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: Tessera Technologies Incorporated (NasdaqGS: TSRA) stock price shed 7.80 points on the trading session, high on the trading session $9.67, low on the trading session $8.35 with a closing stock price at $8.82; Shanda Interactive Entertainment (NasdaqGS: SNDA) stock price gained 2.87 points on the trading session, high on the trading session $24.50, low on the trading session $23.08 with a closing stock price at $23.95; First Solar Incorporated (NasdaqGS: FSLR) stock price gained 4.60 points on the trading session, high on the trading session $117.23, low on the trading session $111.14 with a closing stock price at $114.80; Baidu.com Incorporated (NasdaqGS: BIDU) stock price gained 2.26 points on the trading session, high on the trading session $121.41, low on the trading session $114.00 with a closing stock price at $118.57.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 335; declined stock prices 288; unchanged stock prices 68; stock prices hitting new highs 6 and stock prices hitting new lows 27.

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 trading session price 847.75; Change for the trading session 32.00
E-mini NASDAQ-100 (NQ) - End of trading session price 1,131.50; Change for the trading session 37.00
E-mini DOW $5 (YM) - End of trading session price 8,427; Change for the trading session 285
E-mini S&P MidCap 400 (MF) - End of trading session price 481.10; Change for the trading session 21.50
E-mini S&P Small Cap 600 (HS) - End of trading session price 238.20; Change for the trading session 12.50

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7870 to U.S. Dollars 1.2707
Japanese Yen 93.290 to U.S. Dollars 0.0107
British Pound 0.6710 to U.S. Dollars 1.4903
Canadian Dollar 1.2508 to U.S. Dollars 0.7995
Swiss Franc 1.2069 to U.S. Dollars 0.8286

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (January 09) shed $2.32 on the trading session for a closing price of $46.96 barrel ($US per barrel)
Heating Oil (January 09) shed $0.03 on the trading session for a closing price of $1.58 a gallon ($US per gallon)
Natural Gas (January 09) gained $0.18 on the trading session for a closing price of $6.42 per million BTU ($US per mmbtu.)
Unleaded Gas (December 08) shed $0.05 on the trading session for a closing price of $1.06 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 09) gained $6.50 on the trading session for a closing price of $783.30 ($US per Troy ounce)
Silver (March 09) gained $0.24 on the trading session for a closing price of $9.62 ($US per Troy ounce)
Platinum (January 09) shed $2.60 on the trading session for a closing price of $807.30 ($US per Troy ounce)
Copper (March 09) shed $0.03 on the trading session for a closing price of $1.60 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) gained 0.13 on the trading session for a closing price of 65.63
Pork Bellies (February 09) gained 0.03 on the trading session for a closing price of 92.25
Live Cattle (February 09) shed 0.78 on the trading session for a closing price of 84.95
Feeder Cattle (January 09) shed 0.63 on the trading session for a closing price of 89.00

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) shed 0.50 on the trading session for a closing price of 348.25
Soybeans (January 09) shed 19.00 on the trading session for a closing price of 827.25

BOND MARKET:
2 year Bond closing price 100 21/32, no change, Yield 0.90, Yield change 0.00
5 year Bond closing price of 101 23/32, +13/32, Yield 1.64, Yield change -0.08
10 year Bond closing price 109 9/32, + 21/32, Yield 2.67, Yield change -0.08
30 year Bond closing price 124 18/32, +24/32, Yield 3.20, Yield change -0.03

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