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Daily Market Commentary for June 4, 2008 from

Trading ranges were very firm on the trading day. Concerns over two large bond insurance companies put the brakes on in the markets. (read more)

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:

DOW (Dow Jones Industrial Average) loss of 13.84 points on the day to end the session at 12,389.01
NYSE (New York Stock Exchange) loss of 49.24 points to end the session at 9,212.76
NASDAQ gain of 22.66 points for a close at 2,503.14
S&P 500 loss of 0.52 points for a close at 1,377.13
FTSE All-World ex-U.S. loss of 1.42 points to close at 249.00
FTSE RAFI 1000 loss of 18.51 points for a close at 5,487.04
BEL 20 loss of 4.95 points to close at 3,713.01
CAC 40 loss of 68.64 points to close at 4,915.07
FTSE100 loss of 80 points to close at 5,977.7
NIKKEI 225 triple digit gain of 226.4 points to close at 14,435.6

News on the New York Stock Exchange (NYSE) today: advanced stocks 1,423; declined stocks 1,693; unchanged stocks 120; stocks hitting new highs 35; stocks hitting new lows 49. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: Lehman Brothers Holdings Incorporated (NYSE: LEH) gained 0.79 points on the trading day, high on the trading day $33.09, low on the trading day $28.52, for a closing price at $31.40; Petroleo Brasileiro SA (NYSE: PBR) shed 2.67 points on the trading day, high on the trading day $67.40, low on the trading day $64.90, for a closing price at $65.40; Oil Service HOLDRs (NYSE: OIH) gained 0.01 points on the trading day, high on the trading day $210.24, low on the trading day $204.50, for a closing price at $205.07; Guess:, Incorporated (NYSE: GES) gained 5.24 points on the trading day, high on the trading day $43.59, low on the trading day $40.87, for a closing price at $43.11; Goldman Sachs Group Incorporated (NYSE: GS) gained 1.52 points on the trading day, high on the trading day $175.56, low on the trading day $169.55, for a closing price at $172.10; Moody's Corporation (NYSE: MCO) gained 1.00 points on the trading day, high on the trading day $41.15, low on the trading day $37.83, for a closing price at $39.45; VMware Incorporated (NYSE: VMW) gained 1.60 points on the trading day, high on the trading day $68.50, low on the trading day $65.26, for a closing price at $67.25; American Express Company (NYSE: AXP) gained 1.60 points on the trading day, high on the trading day $47.05, low on the trading day $44.83, for a closing price at $45.91; SPX Corporation (NYSE: SPW) shed 2.50 points on the trading day, high on the trading day $136.13, low on the trading day $131.68, for a closing price at $132.66; Stone Energy Corporation (NYSE: SGY) shed 5.13 points on the trading day, high on the trading day $67.22, low on the trading day $62.12, for a closing price at $62.81; Cleveland-Cliffs Incorporated (NYSE: CLF) shed 3.90 points on the trading day, high on the trading day $105.40, low on the trading day $101.32, for a closing price at $102.00; Hess Corporation (NYSE: HES) shed 4.53 points on the trading day, high on the trading day $122.19, low on the trading day $117.71, for a closing price at $117.92; Walter Industries Incorporated (NYSE: WLT) shed 6.14 points on the trading day, high on the trading day $95.10, low on the trading day $88.36, for a closing price at $89.15; IntercontinentalExchange Incorporated (NYSE: ICE) shed 3.06 points on the trading day, high on the trading day $133.28, low on the trading day $128.53, for a closing price at $129.07; CME Group, Incorporated (NYSE: CME) shed 22.30 points on the trading day, high on the trading day $398.98, low on the trading day $375.38, for a closing price at $378.00; MasterCard Incorporated (NYSE: MA) shed 10.00 points on the trading day, high on the trading day $309.60, low on the trading day $294.54, for a closing price at $297.40; Potash Corporation of Saskatchewan (NYSE: POT) shed 3.11 points on the trading day, high on the trading day $212.12, low on the trading day $206.59 for a closing price at $208.38; Mosaic Company (NYSE: MOS) shed 1.96 points on the trading day, high on the trading day $132.25, low on the trading day $127.83 for a closing price at $128.74; Monsanto Company (NYSE: MON) shed 1.54 points on the trading day, high on the trading day $135.48, low on the trading day $131.05 for a closing price at $131.60; United States Steel Corporation (NYSE: X) shed 2.82 points on the trading day, high on the trading day $179.48, low on the trading day $172.63, for a closing price at $173.75.

News on the NASDAQ today: advanced stocks 1,656 declined stocks 1,237; unchanged stocks 133; stocks hitting new highs 50; stocks hitting new lows 116. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Royale Energy Incorporated (NasdaqGS: ROYL) shed 2.14 points on the trading day, high on the trading day $10.55, low on the trading day $8.80, for a closing price at $8.95; Crocs, Incorporated (NasdaqGS: CROX) gained 0.20 points on the trading day, high on the trading day $10.40, low on the trading day $9.82, for a closing price at $10.07; Research In Motion Limited (NasdaqGS: RIMM) gained 0.80 points on the trading day, high on the trading day $136.50, low on the trading day $132.62, for a closing price at $134.31;First Solar, Incorporated (NasdaqGS: FSLR) shed 14.62 points on the trading day, high on the trading day $255.49, low on the trading day $241.50 for a closing price at $242.70.

News on the American Stock Exchange (AMEX) today: advanced stocks 553; declined stocks 629; unchanged stocks 82; stocks hitting new highs 23; stocks hitting new lows 20.

ADP sees May U.S. Private Sector Jobs increased by 40,000; ADP May U.S. Private Sector Jobs expected to fall by 60,000.

U.S. First Quarter Unit Labor Costs Unchanged at an increase by 2.2%; U.S. First Quarter Unit Labor Costs Consensus increased by 2.0%; U.S. First Quarter Non-Farm Productivity Consensus increased by 2.5%; U.S. First Quarter Non-Farm Productivity revised to increase of 2.6% from an increase by 2.2%.

U.S. Institute Supply Management (ISM) May Non-Mfg Composite Index came in at 51.7; U.S. ISM May Non-Mfg Composite Index Expected to come in at 51.1; U.S. ISM May Non-Mfg Business Index came in at 53.6; U.S. ISM May Non-Mfg Composite Index came in at 51.7 versus April reading of 52.0; U.S. ISM May Non-Mfg Business Index came in at 53.6 versus April reading of 50.9; U.S. ISM May Non-Mfg Employment Index came in at 48.7 versus April reading of 50.8; U.S. ISM May Non-Mfg Prices Index came in at 77.0 versus April reading of 72.1; U.S. ISM May Non-Mfg New Orders Index came in at 53.6 versus April reading of 50.1.

Department Of Energy: U.S. Crude Oil Stockpiles fell by 4.802 Million Barrels at 306.757 Million Barrels; U.S. Gasoline Stockpiles increased by 2.935 Million Barrels at 209.09 Million Barrels; U.S. Distillate Stockpiles increased by 2.273 Million Barrels at 111.704 Million Barrels; U.S. Refineries ran at capacity of 89.7% versus 87.9% Week Ago; U.S. Gasoline Stockpiles increased by 2.9 Million Barrels in the week compared to expectations of an increase by 300,000 Barrels; U.S. Distillate Stockpiles increased by2.3 Million Barrels in the week compared to expectations of an increase by1.4 Million Barrels; U.S. Refineries ran at capacity of 89.7% compared to expectations of an increase by 0.4 Pts at 88.3%.

Commodities Markets
Energy Sector: Light Crude (NYM) shed $2.01 on the day to close at $122.30 a barrel ($US per bbl.); Heating Oil (NYM) shed $0.09 on the day to close at $3.55 a gallon ($US per gal.); Natural Gas (NYM) gained $0.16 on the day to close at $12.38 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.16 on the day to close at $3.20 a gallon ($US per gal.).

Metals Markets: Gold (CMX) shed $1.70 to close at $883.80 ($US per Troy oz.); Silver (CMX) gained $0.11 to close at $16.94 ($US per Troy oz.); Platinum (NYM) shed $23.60 on the day to close at $1,992.00 ($US per Troy oz.) and Copper (CMX) shed $0.03 on the day to close at $3.55 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.98 to close at 75.30; Pork Bellies (CME) shed 1.75 to close at 73.50; Live Cattle (CME) gained 0.25 to close at 100.50; Feeder Cattle (CME) shed 0.05 to close at 113.73.

Other Commodities (cents per bu.): Corn (CBT) gained 6.75 to close the session at 643.00 and Soybeans (CBT) gained 29.50 to close session at 1,389.00.

Bond action for the day: 2 year bond shed 3/32 on the day to close at100 10/32 with a Yield of 2.45, Yield Change +0.05; 5 year bond shed 12/32 to close at 101 1/32 with a Yield of 3.26, Yield Change +0.08; 10 year bond shed 21/32 to close at 99 5/32 with a Yield of 3.97, Yield Change +0.08; the 30 year bond shed 1 20 5/32 to close at 94 27/32 on the day with a Yield of 4.69, Yield Change +0.07.

The e-mini Dow $5 ended the commodity session today at 12,376 with a loss of 28 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.

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