PRZOOM - /newswire/ -
Somerset, PA, United States, 2006/11/30 - Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news.
On this the last day of November, day traders and investors are looking forward to starting a fresh new month. Overall, the month of November has provided generally little excitement to hang a hat on. At the close of trading, after a day of either whip or flat action, here is how the major indices rapped up the session: the DOW (Dow Jones Industrial Average) spent a majority of the day in the red zone where it closed the day with a loss of 4.80 at 12221.93; the NYSE (New York Stock Exchange) tacked on a gain of 21.83 points amidst heavy volume to close at 8969; the NASDAQ posted a minor loss of 0.46 after spending most of the day in the red zone to close at 2431.77; the S&P 500 (Standard & Poor’s 500 Index) posted a slight gain of 1.15 points to end the day at 1400.63 and the RUSSELL 2000 moved higher by a mere 1.96 to close at 786.12. The FTSE All-World Index ex-US (top Large/Mid Cap aggregate from over 2,700 stocks from the FTSE Global Equity Index Series (GEIS) which covers 90% of the worlds investable market capitalization) moved higher slightly by 0.14 to close at 233.83 and the FTSE RAFI 1000 moved higher by 7.61 points to close at 5809.89.
Economic data released for the day:
Jobless Claims: A weekly compilation of new unemployment claims to show the number of individuals who filed for unemployment insurance for the first time. The condition of the labor market is determined by an increase of the number of claims which suggests a deteriorating labor market. U.S. Jobless Claims rose by 34,000 to 357,000 for week of November 25th compared to consensus of a drop of 3,000; U.S. week of November 18th continuing claims rose by 45,000 to 2,480 and Labor Department reported that it is harder to gauge seasonal factors during the holidays.
Personal Income and Outlays: Personal Income, received from all sources by individuals, is the dollar amount of income. Personal Outlays include purchase by consumers for both durable and non-durable goods and services. October PCE Price Index excluding food and energy rose 0.2% rate versus a month ago; October PCE Price Index excluding food and energy rose 2.4% rate versus a year ago; Personal Income rose by 0.4% in October versus consensus of a rise by 0.5%;
September Personal Income was unrevised at a gain of 0.5%; September Spending was revised to a drop of 0.2% from a rise of 0.1%; U.S. Personal Income rose 0.4% in October versus consensus of a rise by 0.5% and U.S. Personal Spending rose by 0.2% in October versus consensus of a rise by 0.1%.
Help Wanted Index: From 51 major newspapers across the country, the Help Wanted Index is a monthly index of the number of lines of help-wanted advertising. The index indicates the strength or weakness in the labor market. Help-Wanted Index came in at 30.
NAPM-Chicago: A compilation by The National Association of Purchasing Management of a survey and composite diffusion index of business conditions in the Chicago area. The survey includes both manufacturing and non-manufacturing firms. This data is considered a leading indicator of the ISM Manufacturing Index. Chicago PMI came in at its lowest level since April 2003. U.S. Chicago Purchasing Management adjusted November Index came in at 49.9 versus October reading of 53.5; U.S. Chicago Purchasing Management November Prices Paid Index came in at 60.2 versus October 62.5; U.S. Chicago Purchasing Management November Supplier Deliveries came in at 43.0 versus October 54.1; U.S. Chicago Purchasing Management November Employment Index came in at 49.4 versus October 57.0 and U.S. Chicago Purchasing Management November New Orders Index came in at 52.0 versus October 54.1.
EIA Natural Gas Report: Weekly information provided by the EIA (Energy Information Administration) on natural gas stock piles in underground storage in the United States and three regions of the country. Prices for natural gas products are determined by the level of inventories. Natural Gas Inventories fell 32 Bcf to 3417 Bcf compared to analysts expectations of a draw of 24 Bcf, ranging from a draw of 40 Bcf to 5 Bcf.
On the commodities markets, the trend was higher across the board again today: Light crude moved higher by $0.67 today to close at $63.13 a barrel; Brent Crude remained at $59.46 a barrel; Heating Oil closed higher by $0.01 at $1.85 a gallon; Natural Gas climbed higher by $0.01 to end the day at $8.74 per million BTU and Unleaded Gas closed with no change at $1.67a gallon.
Metals ended the session mostly higher across the board today: Gold moved nicely higher by $11.10 to close at $652.90 an ounce; Silver closed higher by $0.36 at $14.12 an ounce; Platinum rallied higher by $24.30 to close at $1,176.70 an ounce and Copper ended the day higher by $0.04 to close at $3.20 per pound.
On the Livestock and Meat markets, the trend was mostly higher across the board again today: Lean Hogs moved higher by 0.48 to close at 65.18; Pork Bellies closed higher by 0.58 to end the day at 91.53; Live Cattle moved higher by 0.70 to end the day at 89.10 and Feeder Cattle ended the day lower by 0.08 to close at 97.88.
Other Commodities: Corn moved higher by 5.25 today to close at 390.50 and Soybeans moved higher by 3.25 to close at 685.50.
Bonds were mostly higher across the board today: 2 year Bond closed higher by 4/32 to close at 100; 5 year bond moved higher by 8/32 to close at 100 7/32; 10 year bond moved higher by 15/32 to end the day at 101 9/32 and the 30 year bond closed higher by 27/32 at 98 30/32.
The end of day results for the CBOT (Chicago Board of Trade) which is comprised of the total Exchange Volume for Futures and Options (EVFO) including Electronic, Open Auction and Cash Exchange ended the day at 6,898,451. Open Interest for Futures fell lower by 320,692 to close at 9,166,730 and the Open Interest for Options moved higher by 164,418 to close at 5,607,561 for a total Open Interest of 14,774,291 for a total loss on the day by 156,274. The mini Dow ended the session with a loss of 6 to close at 12241. The total Dow Exchange Volume for the day came in at 136,104 which are comprised of Electronic, Open Auction and Cash Exchange. Traders should review workshops available at the CBOT (Chicago Board of Trade) Educational in-person seminars schedules available on CBOT (Chicago Board of Trade) website.
New York Stock Exchange movers for the day: USG Corporation (USG) moved higher by 4.28 points to close at $55.73; Vimpel-Communications (VIP) gained 3.08 points on the day to close at $76.08; DSW Incorporated (DSW) climbed higher by 4.59 points to close at $38.30 on the day; Standard Pacific Corporation (SPF) gained 2.40 points on the day to close at $25.66 and The Ryland Group Incorporated (RYL) gained 3.61 points on the day to close at $52.75 on the day.
On the NASDAQ today, advancers came in at 1,622; decliners totaled 1,425; unchanged came in at 154; new highs came in at 129 and new lows came in at 26. Gainers and losers for the day on the NASDAQ: Synopsys Incorporated (SNPS) ended the day with a gain of 2.31 points to close at $25.55 on the day; Abington Community Bancorp Incorporated (ABBC) gained 3.52 points on the day to end the session at $19.40; Digital Insight Corporation (DGIN) rallied higher by 5.16 points to close the session at $38.16; Select Comfort Corporation (SCSS) fell 3.65 points on the day to close at $17.34 and Research In Motion Limited (RIMM) gained 5.07 points to close at $139.22.
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