Bear Market

[MTnews]

Daily Market Commentary for September 4, 2008 from

The Bear is back! The markets were in a strong negative mood today with the major indices starting the regular trading session in the red zone and holding negative, throughout the trading day, as the Bears held the markets hostage during the session. ()

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 344.81 points on the day to end the trading session at 11,188.07
NYSE (New York Stock Exchange) triple digit loss of 261.00 points to end the trading session at 8,008.25
NASDAQ loss of 74.69 points to end the trading session at 2,259.04
S&P 500 loss of 38.15 points to end the trading session at 1,236.83
FTSE All-World excluding - U.S. loss of 6.06 points to end the trading session at 209.99
FTSE RAFI 1000 triple digit loss of 157.26 points to end the trading session at 4,928.53
BEL 20 (BEL20) loss of 99.18 points to end the trading session at 3,066.15
CAC 40 (CAC40) triple digit loss of 143.12 points to end the trading session at 4,304.01
FTSE100 (UKX100) triple digit loss of 137.60 points to end the trading session at 5,362.10
NIKKEI 225 (NIK/O) triple digit loss of 131.93 points to end the trading session at 12,557.60

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 534; declined stock prices 2,641; unchanged stock prices 73; stock prices hitting new highs 18 and stock prices hitting new lows 168.
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: Abercrombie & Fitch Corporation (NYSE: ANF) stock price shed 3.12 points on the trading session, high on the trading session $53.00, low on the trading session $50.75 with a closing stock price at $51.58; Terex Corporation (NYSE: TEX) stock price shed 9.30 points on the trading session, high on the trading session $41.90, low on the trading session $37.12 with a closing stock price at $38.02; MasterCard Incorporated (NYSE: MA) stock price shed 13.60 points on the trading session, high on the trading session $227.14, low on the trading session $214.70 with a closing stock price at $216.03; Union Pacific Corporation (NYSE: UNP) stock price shed 3.78 points on the trading session, high on the trading session $80.00, low on the trading session $74.81 with a closing stock price at $76.76; Guess? Incorporated (NYSE: GES) stock price gained 0.46 points on the trading session, high on the trading session $40.55, low on the trading session $38.50 with a closing stock price at $38.71; Hovnanian Enterprises Incorporated (NYSE: HOV) stock price shed 1.35 points on the trading session, high on the trading session $7.35, low on the trading session $6.32 with a closing stock price at $6.40; Health Care REIT Incorporated (NYSE: HCN) stock price shed 2.10 points on the trading session, high on the trading session $49.29, low on the trading session $47.93 with a closing stock price at $48.00; Navistar International Corporation (NYSE: NAV) stock price gained 4.96 points on the trading session, high on the trading session $61.00, low on the trading session $57.59 with a closing stock price at $59.01; United States Steel Corporation (NYSE: X) stock price shed 6.08 points on the trading session, high on the trading session $119.37, low on the trading session $111.52 with a closing stock price at $112.67; Rio Tinto plc (NYSE: RTP) stock price shed 12.73 points on the trading session, high on the trading session $335.37, low on the trading session $310.80 with a closing stock price at $314.57; CME Group Incorporated (NYSE: CME) stock price shed 15.66 points on the trading session, high on the trading session $346.20, low on the trading session $324.31 with a closing stock price at $332.17; CF Industries Holdings Incorporated (NYSE: CF) stock price shed 10.91 points on the trading session, high on the trading session $135.54, low on the trading session $121.30 with a closing stock price at $123.43.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 578; declined stock prices 2,291; unchanged stock prices 109; stock prices hitting new highs 16; stock prices hitting new lows 131.
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: CIENA Corporation (NasdaqGS: CIEN) stock price shed 4.05 points on the trading session, high on the trading session $14.16, low on the trading session $13.00 with a closing stock price at $13.20; Spectranetics Corporation (NasdaqGS: SPNC) stock price shed 8.99 points on the trading session, high on the trading session $8.51, low on the trading session $3.78 with a closing stock price at $4.73; Baidu.com Incorporated (NasdaqGS: BIDU) stock price shed 22.15 points on the trading session, high on the trading session $292.00, low on the trading session $270.35 with a closing stock price at $271.10; Google Incorporated (NasdaqGS: GOOG) stock price shed 14.91 points on the trading session, high on the trading session $463.24, low on the trading session $449.40 with a closing stock price at $449.50; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 4.83 points on the trading session, high on the trading session $255.17, low on the trading session $233.82 with a closing stock price at $242.30.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 286; declined stock prices 903; unchanged stock prices 78; stock prices hitting new highs 23; stock prices hitting new lows 134.

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 1,236.25 change -39.00
E-mini NASDAQ-100 (NQ) end of day price 1,775.50, change -58.75
E-mini S&P SmallCap 600 (SMP) end of day price 377.90, change -11.10
$5 DJIA (YM) end of day price 11,199, change -342

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6981 to U.S. Dollars 1.4324
Japanese Yen 107.040 to U.S. Dollars 0.0093
British Pound 0.5656 to U.S. Dollars 1.7681
Canadian Dollar 1.0691 to U.S. Dollars 0.9354
Swiss Franc 1.1082 to U.S. Dollars 0.9024

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $1.46 on the day for a closing price of $107.89 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.06 on the day for a closing price of $3.02 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) gained $0.06 on the day for a closing price of $7.32 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.03 on the day for a closing price of $2.70 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) shed $5.00 on the day for a closing price of $803.20 ($US per Troy ounce)
Silver (COMEX: CMX) gained $0.01 on the day for a closing price of $12.96 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $11.30 on the day for a closing price of $1,392.20 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.05 on the day for a closing price of $3.27 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.38 on the day for a closing price of 69.03
Pork Bellies (Chicago Mercantile Exchange: CME) shed 2.88 on the day for a closing price of 87.43
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.15 on the day for a closing price of 103.30
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 0.10 on the day for a closing price of 110.38

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 2.25 on the day for a closing price of 564.50
Soybeans (Chicago Board of Trade: CBT) shed 16.50 on the day for a closing price of 1,235.00

Bond Market:
2 year bond gained 4/32 on the day for a closing price of 100 11/32 with a Yield of 2.18, Yield Change -0.08
5 year bond gained 13/32 on the day for a closing price of 101 6/32 with a Yield of 2.87, Yield Change -0.08
10 year bond gained 18/32 on the day for a closing price of 103 1/32 with a Yield of 3.63, Yield Change -0.07
30 year bond gained 29/32 on the day for a closing price of 103 28/32 with a Yield of 4.26, Yield Change -0.06

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