PRZOOM - /newswire/ -
Somerset, PA, United States, 2006/12/22 - Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news.
The markets skipped any potential Santa Claus rally and remained a hostage of the Bears today with the market holding in the red zone, through out the session. Tight trading ranges and light trading volume dimmed the hopes of any action from day traders or investors. At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) fell 78.03 points to close at 12343.22; the NYSE (New York Stock Exchange) moved lower by 41.32 points to end the day at $9062.13; the NASDAQ lost 14.67 points to close at 2401.18; the S&P 500 moved lower by 7.55 points to end at 1410.76 and the RUSSELL 2000 fell 2.08 points to close at 780.82.
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 1.30 to close at 236.98 and the FTSE RAFI 1000 moved lower by 24.38 points to close at 5870.98.
Economic data released for the day:
Durable Goods Orders: Reflecting new orders with domestic manufactures for immediate and future delivery of factory hard goods. New orders month over month change came in at 1.9% compared to consensus of 1.2%.
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. For November, Personal Income month over month change came in at 0.3% compared to consensus of 0.4% and Consumer Spending month over month change came in at 0.5% compared to consensus of 0.6%.
Consumer Sentiment: 500 households are surveyed by The University of Michigan’s Consumer Survey Center, on their financial conditions and attitudes about the economy. The strength of consumer spending is directly related to consumer sentiment. For December, Sentiment Index came in at 91.7 compared to consensus of 91.0.
On the commodities markets, the trend was lower across the board today: Light crude moved lower by $0.25 to close at $62.41 a barrel; Heating Oil closed lower by $0.02 at $1.72 a gallon; Natural Gas moved lower by $0.18 to end the day at $6.88 per million BTU and Unleaded Gas closed lower by $0.02 at $1.62 a gallon.
Metals ended the session mixed across the board again today: Gold moved higher by $0.70 to close at $622.30 an ounce; Silver closed higher by $0.15 at $12.64 an ounce; Platinum moved lower today by $2.30 to close at $1,132.00 an ounce and Copper ended the day lower by $0.03 to close at $2.85 per pound.
On the Livestock and Meat markets, the trend was mostly lower across the board again today: Lean Hogs closed higher by 0.35 at 63.05; Pork Bellies closed lower by 0.68 to end the day at 91.88; Live Cattle closed lower by 0.05 to end the day at 89.83 and Feeder Cattle ended the day lower by 1.20 to close at 95.20.
Other Commodities: Corn moved higher by 6.25 today to close at 384.00 and Soybeans moved higher by 8.50 to close at 674.25.
Bonds were lower across the board today: 2 year Bond closed lower by 4/32 at 99 26/32; 5 year bond closed lower by 12/32 at 99 18/32; 10 year bond closed lower by 18/32 at 100 1/32 and the 30 year bond closed lower by 12/32 at 95 29/32.
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 91,202 to close at 8,466,759 and the Open Interest for Options moved lower by 841,005 to close at 6,172,383 for a total Open Interest of 14,639,244 for a total loss on the day by 932,207. The mini Dow ended the session with a loss of 85 to close at 12416. The total Dow Exchange Volume for the day came in at 90,262 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 3.03 points to end at $511.00; Intercontinental Exchange Incorporated (ICE) gave up 2.38 points to close at $104.23; AMREP Corporation (AXR) fell 3.48 points to close at $126.71; Red Hat Incorporated (RHT) gained 4.50 points for a close at $22.46 and China Life Insurance Company (LFC) rallied higher by 10.01 points to end at $129.12 for the day.
On the NASDAQ today, advancers came in at 1,309; decliners totaled 1,713; unchanged came in at 146; new highs came in at 52 and new lows came in at 35, same as yesterday. Gainers and losers for the day on the NASDAQ: Research In Motion Limited (RIMM) fell 3.72 points to close at $129.98; InterMune Incorporated (ITMN) moved higher by 6.83 points to close at $28.84; Liberty Media Corporation (LCAPA) gained 4.36 points on the day to end at $98.00 and Resources Connection Incorporated (RECN) gained 3.04 points on the day to close at $31.65.
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