PRZOOM - /newswire/ -
Somerset, PA, United States, 2006/10/23 - Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news.
The markets took a slight dip into negative territory early on in the session but held steadfast in positive territory through out the day. Amidst tight trading ranges and light trading volume, the new week began with a quiet session. At the closing bell, here is how the major indices rapped up the session: the DOW (Dow Jones Industrial Average) proudly stomped higher to post a triple digit gain of over 114 ½ points while setting another new record high close; the NYSE (New York Stock Exchange) climbed higher by the close to gain over 34 ½ points; the NASDAQ picked up just over 13 ¼ points; the S&P 500 moved higher by almost 8 points on the session and the RUSSELL 2000 climbed just shy of one point 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 higher by less than one point and the FTSE RAFI 1000 moved higher by almost 35 points on the day.
Economic data released for the day: None for the day.
On the commodities markets, the trend was mostly lower across the board today: Light crude fell by $0.52 to close at $58.81 a barrel; Brent Crude ended the day on Friday lower by $1.19 at $59.68 a barrel; Heating Oil moved lower on the session by $0.01 to close at $1.71 a gallon; Natural Gas ended the day lower by $0.22 at $8.09 per million BTU and Unleaded Gas closed flat with no change at $1.47 a gallon.
Metals ended the session lower across the board for the second straight session: Gold fell sharply again by $13.50 to close at $582.90 an ounce; Silver moved lower by $0.30 to close at $11.67 an ounce; Platinum plummeted again by $7.70 to close at $1,074.40 an ounce and Copper ended the day lower by $0.01 to close at $3.45 per pound.
On the Livestock and Meat markets, the trend was higher on the session: Lean Hogs moved higher by 0.68 again today to close at 60.03; Pork Bellies closed much higher by 1.58 to end the day at 89.10; Live Cattle moved higher by 1.63 to end the day at 88.70 and Feeder Cattle ended higher by 0.25 to close at 103.78.
Bonds were down across the board today ahead of the FOMC meeting which begins tomorrow: 2 year Bond closed down 2/32 at 99 15/32; 5 year bond closed lower by 5/32 at 98 22/32; 10 year bond moved lower by 9/32 to end the day at 100 12/32 and the 30 year bond closed much lower by 19/32 at 93 2/32.
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 1,717,405. Open Interest for Futures rose by 19,409 to close at 8,794,868 and the Open Interest for Options moved higher by 37,016 to close at 7,700,961 for a total Open Interest of 16,495,829 for a total gain on the day by 56,425. The mini Dow ended the session with a gain of 96 to close at 12144. The total Dow Exchange Volume for the day came in at 87,516 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.
Berkshire Hathaway’s stock hit a record high today for the first time in the amount of $100,000.
NYSE (New York Stock Exchange) movers for the day: Chicago Mercantile Exchange Holdings (CME) rallied on the day for a gain of 13.07 points or 2.67% gain on the day;
Martin Marietta Materials Incorporated (MLM) gave up another 2.40 points on the day following Fridays loss for a loss of 2.40%; Wm. Wrigley Jr. Company (WWY) rallied 6.40 points for a gain on the day of 13.67%; Hasbro, Incorporated (HAS) rose 2.03 points for a gain of 8.71% on the session;
Bank of Hawaii Corporation (BOH) moved higher by 2.67 points for a rise of 5.46% on the day; Abercrombie & Fitch (ANF) climbed by 3.97 points for a rise of 5.29%; Cameco Corporation (CCJ) fell sharply by 3.67 points for a loss on the day of 9.63% and Forest Labs Incorporated (FRX) fell 2.93 points to give up 5.69% on the day.
On the NASDAQ today, advancers came in at 1,576; decliners totaled 1,496; unchanged came in at 147; new highs came in at 131 and new lows came in at 28. Gainers and losers for the day on the NASDAQ: Apple Computer Incorporated (AAPL) climbed higher by 1.49 points for a gain on the day of 1.86%; Indus International Incorporated (IINT) gained 1.16 points on the day for a rise of 46.03%;
Connetics Corporation (CNCT) rallied higher by 5.36 points for a gain on the day of 45.77%;
St. Joseph Capital Corporation (SJOE) rallied by 10.37 points for a gain of 36.54% on the session;
Silicom Ltd (SILC) moved higher by 2.23 points for a rise of 33.99%; First Indiana Corporation (FINB) moved higher by 3.65 points to gain 14.80% and Replidyne Incorporated (RDYN) fell sharply by 4.65 points for a loss on the day of 45.41%.
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