New Deal

[MTnews]

Daily Market Commentary for December 8, 2008 from

President Elect Obama said on Saturday in his radio address the he plans to develop millions of jobs by: "making the single largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s." ()

Economic data released today: N/A

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 298.76 points to end the trading session at 8,934.18
NYSE (New York Stock Exchange) triple digit gain of 238.43 points to end the trading session at 5,639.68
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 62.43 points to end the trading session at 1,571.74
S&P 500 (SPX) gain of 33.63 points to end the trading session at 909.70
FTSE All-World Index data excluding U.S. (AW01UK) gain of 7.87 points to end the trading session at 144.87
FTSE RAFI 1000 triple digit gain of 132.69 points to end the trading session at 3,524.66
BEL 20 (BEL20) triple digit gain of 102.09 points to end the trading session at 1,902.96
CAC 40 (CAC40) triple digit gain of 259.47 points to end the trading session at 3,247.48
FTSE100 (UKX100) triple digit gain of 250.69 points to end the trading session at 4,300.06
NIKKEI 225 (NIK/O) triple digit gain of 411.54 points to end the trading session at 8,329.05

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,462, declined stock prices 694; unchanged stock prices 86; stock prices hitting new highs 16 and stock prices hitting new lows 24. 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: AutoZone Incorporated (NYSE: AZO) stock price shed 5.28 points on the trading session, high on the trading session $125.07, low on the trading session $115.26 with a closing stock price at $116.20; Toyota Motor Corporation (NYSE: TM) stock price gained 2.01 points on the trading session, high on the trading session $60.97, low on the trading session $59.00 with a closing stock price at $60.18; Nucor Corporation (NYSE: NUE) stock price gained 4.26 points on the trading session, high on the trading session $41.88, low on the trading session $38.35 with a closing stock price at $40.71; Illinois Tool Works Incorporated (NYSE: ITW) stock price gained 0.45 points on the trading session, high on the trading session $34.53, low on the trading session $31.75 with a closing stock price at $32.84; Thomas & Betts Corporation (NYSE: TNB) stock price gained 1.59 points on the trading session, high on the trading session $21.79, low on the trading session $19.58 with a closing stock price at $20.91; Genentech Incorporated (NYSE: DNA) stock price gained 3.22 points on the trading session, high on the trading session $77.98, low on the trading session $75.13 with a closing stock price at $77.60; United States Steel Corporation (NYSE: X) stock price gained 7.30 points on the trading session, high on the trading session $37.11, low on the trading session $31.40 with a closing stock price at $36.06; Martin Marietta Materials Incorporated (NYSE: MLM) stock price gained 13.77 points on the trading session, high on the trading session $108.49, low on the trading session $94.00 with a closing stock price at $104.67; ProShares Ultrashort Financials (NYSE: SKF) stock price shed 14.68 points on the trading session, high on the trading session $110.71, low on the trading session $101.06 with a closing stock price at $102.50; ProShares Ultrashort S&P 500 (NYSE: SDS) stock price shed 6.55 points on the trading session, high on the trading session $85.18, low on the trading session $80.06 with a closing stock price at $82.53; ProShares Ultrashort Real Estate (NYSE: SRS) stock price shed 17.82 points on the trading session, high on the trading session $92.94, low on the trading session $77.37 with a closing stock price at $78.10; Goldman Sachs Group Incorporated (NYSE: GS) stock price gained 6.43 points on the trading session, high on the trading session $78.53, low on the trading session $73.52 with a closing stock price at $77.15; CME Group Incorporated (NYSE: CME) stock price gained 28.48 points on the trading session, high on the trading session $228.65, low on the trading session $206.00 with a closing stock price at $223.05; Apache Corporation (NYSE: APA) stock price gained 4.68 points on the trading session, high on the trading session $69.20, low on the trading session $65.16 with a closing stock price at $67.29; Prudential Financial Incorporated (NYSE: PRU) stock price shed 0.43 points on the trading session, high on the trading session $32.86, low on the trading session $25.64 with a closing stock price at $28.09.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,092; declined stock prices 823; unchanged stock prices 115; stock prices hitting new highs 8 and stock prices hitting new lows 85. 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: Anglo American (NasdaqGS: AAUK) stock price gained 0.96 points on the trading session, high on the trading session $10.87, low on the trading session $10.32 with a closing stock price at $10.55; Cubist Pharmaceuticals Incorporated (NasdaqGS: CBST) stock price shed 2.63 points on the trading session, high on the trading session $25.88, low on the trading session $23.62 with a closing stock price at $24.35; Baidu.com Incorporated (NasdaqGS: BIDU) stock price gained 8.15 points on the trading session, high on the trading session $124.35, low on the trading session $113.27 with a closing stock price at $117.25.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 350; declined stock prices 254; unchanged stock prices 74; stock prices hitting new highs 2 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 903.75; Change for the trading session 32.00
E-mini NASDAQ-100 (NQ): End of trading session price 1,210.00; Change for the trading session 34.25
E-mini DOW $5 (YM): End of trading session price 8,854; Change for the trading session 263
E-mini S&P MidCap 400 (MF): End of trading session price 505.00; Change for the trading session 25.80
E-mini S&P Small Cap 600 (HS): End of trading session price 257.20; Change for the trading session 11.80

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7724 to U.S. Dollars 1.2946
Japanese Yen 92.89 to U.S. Dollars 0.0108
British Pound 0.6706 to U.S. Dollars 1.4911
Canadian Dollar 1.2538 to U.S. Dollars 0.7976
Swiss Franc 1.2035 to U.S. Dollars 0.8309

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (January 09) gained $2.90 on the trading session for a closing price of $43.71 per barrel ($US per barrel)
Heating Oil (January 09) gained $0.06 on the trading session for a closing price of $1.49 a gallon ($US per gallon)
Natural Gas (January 09) shed $0.18 on the trading session for a closing price of $5.57 per million BTU ($US per mmbtu.)
Unleaded Gas (December 08) gained $0.06 on the trading session for a closing price of $0.96 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 09) gained $17.10 on the trading session for a closing price of $769.30 ($US per Troy ounce)
Silver (March 09) gained $0.55 on the trading session for a closing price of $9.98 ($US per Troy ounce)
Platinum (January 09) gained $56.10 on the trading session for a closing price of $843.30 ($US per Troy ounce)
Copper (March 09) gained $0.12 on the trading session for a closing price of $1.50 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) shed 0.08 on the trading session for a closing price of 64.13
Pork Bellies (February 09) shed 0.85 on the trading session for a closing price of 89.45
Live Cattle (February 09) gained 1.23 on the trading session for a closing price of 82.68
Feeder Cattle (January 09) gained 1.25 on the trading session for a closing price of 87.90

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) gained 20.75 on the trading session for a closing price of 330.00
Soybeans (January 09) gained 37.00 on the trading session for a closing price of 820.50

BOND MARKET:
2 year Bond closing price 100 20/32, Yield 0.93, Yield change 0
5 year Bond closing price of 101 8/32, -6/32, Yield 0.93, Yield change +0.04
10 year Bond closing price 108 16/32, -18/32, Yield 1.73, Yield change +0.06
30 year Bond closing price 125 16/32, -30/32, Yield 3.16, Yield change +0.05

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