PRZOOM - /newswire/ -
Somerset, PA, United States, 2006/12/06 - Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news.
The Bulls stepped to the side today and laid the fate of the market in the hands of the Bears. On a slightly good note, trading volume was light to moderate on the downhill trend. At the close, here is how the markets ended the session: the DOW (Dow Jones Industrial Average) fell by 22.35 points to close at 12309.25; the NYSE (New York Stock Exchange) fell by 17.83 points to close at 9047.10; the NASDAQ gave up 6.52 points to close at 2445.86; the S&P 500 (Standard & Poor’s 500 Index) shed 1.86 points to end the day at 1412.90 and the RUSSELL 2000 was lower by 1.48 points to close at 795.94.
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 lower by 0.48 to close at 236.14 and the FTSE RAFI 1000 moved lower by 10.47 points to close at 5864.22.
Economic data released for the day:
MBA Purchase Applications: Compilation from the Mortgage Bankers’ Association of various mortgage loan indexes. This data is the leading indicator for single-family home sales as well as, housing construction. Actual Purchase Index reading came in at 426.6.
ADP Employment: This report is a national employment report computed from a subset of ADP records that cover roughly 225,000 business establishments and approximately 14 million employees. Macroeconomic Advisors was contracted by ADP to compute a monthly report to assist in predicting monthly non-farm payrolls from the Bureau of Labor Statistics employment situation covering private payrolls. ADP-Macroeconomics Advisers see Nov Payrolls increasing by 158,000.
EIA Petroleum Status Report: EIA (Energy Information Administration) provides weekly petroleum inventories in the United States whether they are produced here or abroad. Prices for petroleum products are determined by the level of inventories. U.S. Crude Oil Stockpiles fell by 1.1 million barrels for the week compared to consensus of a rise by 560,000; U.S. Gasoline Stockpiles fell by 1.1 million barrels for the week compared to consensus of a rise by 140,000 barrels; U.S. Distillate Stockpiles fell by 400,000 barrels for the week compared to consensus of a drop by 860,000 barrels and U.S. Refineries ran at 90.5% compared to consensus of a 88.9%.
On the commodities markets, the trend was mixed across the board today: Light crude moved lower by $0.24 to close at $62.19 a barrel; Heating Oil closed with no change at $1.79 a gallon; Natural Gas moved higher by $0.06 to end the day at $7.78 per million BTU and Unleaded Gas closed lower by $0.02 at $1.62 a gallon.
Metals ended the session lower across the board today: Gold moved lower by $12.00 to close at $635.90 an ounce; Silver closed lower by $0.23 at $13.80 an ounce; Platinum moved lower by $8.00 to close at $1,125.70 an ounce and Copper ended the day lower by $0.09 to close at $3.16 per pound.
On the Livestock and Meat markets, the trend was mostly lower across the board today: Lean Hogs moved lower by 0.08 to close at 63.85; Pork Bellies closed lower by 1.78 to end the day at 90.20; Live Cattle closed lower by 0.15 to end the day at 89.43 and Feeder Cattle ended the day higher by 0.88 to close at 98.20.
Other Commodities: Corn moved lower by 12.00 today to close at 366.00 and Soybeans moved lower by 10.00 to close at 654.25.
Bonds were mostly lower across the board again today: 2 year Bond closed with lower by 4/32 at 100 2/32; 5 year bond moved lower by 8/32 to close at 100 7/32; 10 year bond moved lower by 9/32 to end the day at 101 4/32 and the 30 year bond closed lower by 12/32 at 98 13/32.
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 3,986,114. Open Interest for Futures moved higher by 90,773 to close at 8,886,946 and the Open Interest for Options moved higher by 137,849to close at 6,066,662 for a total Open Interest of 14,953,608 for a total gain on the day by 228,622. The mini Dow ended the session with a loss of 24 to close at 12324. The total Dow Exchange Volume for the day came in at 127,760 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: American Real Estate Partners (ACP) fell 4.28 points to close at $77.60 on low volume; Textron Incorporated (TXT) fell 2.32 points to end the day at $96.06;
Rio Tinto plc (RTP) fell 2.78 points on the day to close at $221.72; Gallaher Group Plc (GLH) rallied 13.89 points to end the day at $91.65 and Imperial Tobacco Group PLC (ITY) moved higher by 3.37 points to close at $79.40.
On the NASDAQ today, advancers came in at 1,419; decliners totaled 1,656; unchanged came in at 128; new highs came in at 145 and new lows came in at 20. Gainers and losers for the day on the NASDAQ:
GoAmerica Incorporated (GOAM) moved higher by 37.57% to gain 2.13 points on the day for a close at $7.80; Versant Corporation (VSNT) gained 20.65% for a gain of 2.52 points to close at $14.78; Google Incorporated (GOOG) gained 1.71 points to close at $488.71 and Internet Gold Golden Lines Ltd. (IGLD) fell 1.10 points for a loss of 9.26% to close at $10.86.
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