PRZOOM - /newswire/ -
Somerset, PA, United States, 2006/12/20 - Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news.
Less than 5 days until Christmas and for those of you who are procrastinators, you need to get on the ball and get that shopping done, real soon. The markets appeared as though many day traders and investors already are out for the Christmas holiday. Trading volume was light to moderate and trading ranges were extremely difficult to deal with today. There was a sigh of relief at the closing bell, of remaining traders who were anxious to call it a day. The major indices ended the session in the following manner today: the DOW (Dow Jones Industrial Average) struggled through out the session but gave up 7.45 points to close at 12463.87 at the close: the NYSE (New York Stock Exchange) fell by 10.56 points to end at 9128.88 at the end of the session; the NASDAQ gave up 1.94 points to end at 2427.61; the S&P 500 (Standard & Poor’s 500 Index) moved lower by 2.02 points for a close at 1423.53 and the RUSSELL 2000 held onto a gain of 3.46 points to end at 772.93 for the day. 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 0.22 to close at 238.56 and the FTSE RAFI 1000 moved lower by 2.98 points to close at 5913.47.
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. Purchase Index came in at 436.5.
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. DOE reported that: U.S. Refineries ran at 90.7% compared to consensus of 89.8% U.S. Distillate Stockpiles rose by 1.2 million barrels in the week compared to consensus of a drop by 1.1 million barrels; U.S. Gasoline Stockpiles rose by 1 million barrels in the week compared to consensus of a rise by 100,000 million barrels and U.S. Crude Oil Stockpiles fell by 6.3 million barrels in the week compared to consensus of a drop of 1.8 million barrels.
On the commodities markets, the trend was mixed across the board today: Light crude moved higher by $0.26 to close at $63.72 a barrel; Heating Oil closed higher by $0.01 at $1.74 a gallon; Natural Gas moved lower by $0.21 to end the day at $7.01 per million BTU and Unleaded Gas closed lower by $0.02 at $1.68 a gallon.
Metals ended the session mixed across the board today: Gold moved lower by $1.10 to close at $624.30 an ounce; Silver closed lower by $0.07 at $12.65 an ounce; Platinum moved higher again today by $7.50 to close at $1,126.00 an ounce and Copper ended the day lower by $0.06 to close at $2.95 per pound.
On the Livestock and Meat markets, the trend was mixed across the board again today: Lean Hogs closed lower by 0.28 at 62.45; Pork Bellies closed lower by 0.10 to end the day at 92.58; Live Cattle closed higher by 0.28 to end the day at 90.35 and Feeder Cattle ended the day higher by 0.10 to close at 96.75.
Other Commodities: Corn moved lower by 0.25 today to close at 372.75 and Soybeans moved lower by 5.25 to close at 663.50.
Bonds were mostly lower across the board again today: 2 year Bond closed with no change at 99 26/32; 5 year bond closed with no change at 99 22/32; 10 year bond closed lower by 1/32 at 100 6/32 and the 30 year bond closed lower by 2/32 at 96 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 2,622,754. Open Interest for Futures moved lower by 10,434 to close at 8,603,400 and the Open Interest for Options moved higher by 37,759 to close at 7,094,370 for a total Open Interest of 15,697,872 for a total gain on the day by 27,367. The mini Dow ended the session with a loss of 6 to close at 12545. The total Dow Exchange Volume for the day came in at 106,620 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 sharply by 10.46 point for a closing price of $524.50; Rio Tinto plc (RTP) fell by 5.40 points to close at $213.14; Potash Corporation/ Saskatchewan (POT) rose by 4.66 points to close at $140.70; CarMax Incorporated (KMX) gained 4.14 points on the day to end at $52.77 and Johnson Controls (JCI) gained 3.06 points to end the session at $86.50.
On the NASDAQ today, advancers came in at 1,704; decliners totaled 1,361; unchanged came in at 150; new highs came in at 79 and new lows came in at 37. Gainers and losers for the day on the NASDAQ: Northfield Laboratories (NFLD) fell sharply by 6.55 points to close at $4.87 on the day; Redback Networks Incorporated (RBAK) gained 4.23 points on the day for a close at $25.40; Digitas Incorporated (DTAS) gained 2.41 points to close at $13.34; American Commercial Lines Incorporated (ACLI) fell 3.78 points to close at $63.76 and Riverbed Technology Incorporated (RVBD) gained 3.31 points for a closing price of $33.81.
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