PRZOOM - /newswire/ -
Somerset, PA, United States, 2006/12/18 - Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news.
The Bulls thought they had control of the markets until the noon hour struck and that is when the Bears took over the reins to push the market into negative territory, through out the rest of the session. Light to moderate trading volume is a sure sign of the upcoming Christmas holiday taking its toll on the markets with many traders, already heading out on the holiday vacations. At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) gave up 4.25 points to close at 12441.27; the NYSE (New York Stock Exchange) shed 35.34 points to close at 9105.05; the NASDAQ gave up 21.63 points for a close at 2435.57; the S&P 500 gave up 4.61 points to end at 1422.48 and the RUSSELL 2000 fell 10.69 points to close at 772.37. 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 0.51 to close at 238.35 and the FTSE RAFI 1000 moved lower by 20.95 points to close at 5904.66.
Economic data released for the day:
Current Account: International Trade balance in goods, services and unilateral transfers on a quarterly basis for the United States is measured by the Current Account. Trends in foreign trade are measured by the level of exports, imports and current account. For third quarter, Current Account came in lower by $225.6 billion.
NAHB-WF Housing Market Index: Compiled by the National Association of Home Builders (NAHB), a housing market index is based on a survey in which respondents are asked to rate the general economy and housing market conditions. The housing market index is a weighted average of separate diffusion indexes for the present sales of new homes, sale of new homes expected over the next six months and traffic of prospective buyers for new homes. For December NAHB Housing Market Index came in at 32.
On the commodities markets, the trend was lower across the board today: Light crude moved lower by $1.22 to close at $62.21 a barrel; Heating Oil closed lower by $0.06 to end the day at $1.76 a gallon; Natural Gas moved lower by $0.31 to end the day at $7.20 per million BTU and Unleaded Gas closed lower by $0.02 at $1.66 a gallon.
Metals ended the session mostly lower across the board today: Gold moved lower by $1.20 to close at $617.90 an ounce; Silver closed lower by $0.46 at $12.53 an ounce; Platinum moved lower by $2.40 to close at $1,102.10 an ounce and Copper ended the day higher by $0.01 to close at $3.03 per pound.
On the Livestock and Meat markets, the trend was mostly higher across the board today: Lean Hogs closed lower by 0.38 at 61.88; Pork Bellies closed higher by 0.20 to end the day at 91.78; Live Cattle closed higher by 0.98 to end the day at 90.48 and Feeder Cattle ended the day higher by 0.75 to close at 97.60.
Other Commodities: Corn moved lower by 3.25 today to close at 365.75 and Soybeans moved lower by 9.25 to close at 663.00.
Bonds were mostly higher across the board again today: 2 year Bond closed with no change at 99 26/32; 5 year bond moved higher by 1/32 to close at 99 23/32; 10 year bond closed higher by 3/32 at 100 10/32 and the 30 year bond closed higher by 4/32 at 96 22/32.
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 3,962,622. Open Interest for Futures moved higher by 49,708 to close at 8,801,135 and the Open Interest for Options moved higher by 83,528 to close at 7,043,781 for a total Open Interest of 15,844,976 for a total gain on the day by 133,236. The mini Dow ended the session with a gain of 1 to close at 12544. The total Dow Exchange Volume for the day came in at 91,478 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: Chicago Mercantile Exchange Holdings (CME) fell 6 points today to close at $527.00; Rio Tinto plc (RTP) gave up 5.85 points on the day to close at $214.75
Tesoro Corporation (TSO) fell 4.84 points to end at $66.79 on the day; Terex Corporation (TEX) rallied higher by 5.87 points to close at $64.00 and L-3 Communications Holdings (LLL) fell 4.72 points to end at $79.00 at the close.
On the NASDAQ today, advancers came in at 965; decliners totaled 2,123; unchanged came in at 118; new highs came in at 127 and new lows came in at 35. Gainers and losers for the day on the NASDAQ: Joy Global Incorporated (JOYG) gained 3.77 points on the day to close at $48.00; Pointer Telocation Limited (PNTR) gained 2.90 points on the day to end the session at $14.12; Bucyrus International Incorporated (BUCY) rallied higher by 5.90 points for a close of $48.63; Mikron Infrared Incorporated (MIKR) fell sharply by 5.98 points for a loss on the day of 29.10% to close at $14.57 and Google Incorporated (GOOG) plummeted by 17.30 points for a close of $463.00.
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