NewswireToday - /newswire/ -
Somerset, PA, United States, 2007/01/12 - Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news.
The markets were higher today however, sluggish with tight trading ranges. Trading volume was light to moderate. At the end of the session, here is how the major indices stacked up: the DOW (Dow Jones Industrial Average) gained 41.10 points to close at 12556.08; the NYSE (New York Stock Exchange) gained 76.79 points to end at 9,139.88; the NASDAQ climbed higher by 17.97 points to end at 2502.82; the S&P 500 (Standard & Poor’s 500 Index) gained 6.91 points to end at 1430.73 and the RUSSELL 2000 climbed higher by 5.81 points. 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 1.15 to close at 239.01 and the FTSE RAFI 1000 moved higher by 26.96 points to close at 5954.10.
Economic data released for the day:
Import and Export Prices: Goods bought in the United States but produced abroad plus goods sold abroad but produced domestically are compiled in an index which indicates inflationary trends in internationally traded products. U.S. December Petroleum Import Prices rose by 4.8%; U.S. December Non-Petroleum Import Prices rose by 0.4% and U.S. December Import Prices rose by 1.1% compared to consensus of an increase by 0.8%.
Retail Sales: A measure of retail sales consisting of total receipts at stores that sell durable and non-durable goods. This data is a key element in economic growth since consumer spending accounts for two-thirds of the national Gross Domestic Products (GDP). U.S. December Retail & Food Sales Excluding Autos rose by 1.0%; U.S. December Retail & Food Sales rose by 0.9% compared to consensus of a rise by 0.7% and November Retail & Food Sales was revised to an increase by 0.6% from an increase by 1.0%.
Business Inventories: Dollar amount of business inventories held by manufacturers, retailers and wholesalers. Near-term direction of production activity is related to the level of inventories in relation to sales. U.S. Business Inventories rose by 0.4% in November.
On the commodities markets, the trend was higher across the board today: Light crude moved higher by $1.11 to close at $52.99 a barrel; Heating Oil closed higher by $0.02 at $1.50 a gallon; Natural Gas moved higher by $0.31 to end the day at $6.71 per million BTU and Unleaded Gas closed higher by $0.04 at $1.43 a gallon.
Metals ended the session mixed across the board again today: Gold rallied higher by $13.00 to close at $626.90 an ounce; Silver closed higher by $0.42 at $12.88 an ounce; Platinum moved nicely higher today by $7.30 to close at $1,152.10 an ounce and Copper ended the day lower by $0.06 to close at $2.60 per pound.
On the Livestock and Meat markets, the trend was mixed across the board again today: Lean Hogs closed lower by 0.13 at 60.38; Pork Bellies closed the day at 90.88; Live Cattle closed lower by 1.18 to end the day at 91.80 and Feeder Cattle ended the day lower by 3.00 to close at 92.95.
Other Commodities: Corn spiked higher by 20.00 today to close at 396.50 and Soybeans rallied higher by 42.25 to close at 716.50.
Bonds were lower across the board again today: 2 year Bond closed lower by 1/32 at 99 24/32; 5 year bond closed lower by 6/32 at 99 12/32; 10 year bond closed lower by 11/32 at 98 25/32 and the 30 year bond closed lower by 11/32 at 94 11/32.
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 3,986,203. Open Interest for Futures moved higher by 70,731 to close at 8,806,127 and the Open Interest for Options moved higher by 97,148 to close at 7,090,940 for a total Open Interest of 15,897,169 for a total gain on the day by 167,879. The mini Dow ended the session with a gain of 65 to close at 12631. The total Dow Exchange Volume for the day came in at 122,687 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) rallied higher with a gain of points of 17.33 for a closing price of $574.00; Suncor Energy Incorporated (SU) moved nicely higher by 3.41 points to close at $73.12; Volt Information Sciences Incorporated (VOL) plummeted by 10.18 points to end the session at $53.00; Potash Corporation/Saskatchewan (USA) (POT) moved higher by 6.23 points to close at $145.12 and HDFC Bank Limited (HDB) gained 5.33 points to end at $77.97 on the day.
On the NASDAQ today, advancers came in at 1,897; decliners totaled 1,147; unchanged came in at 149; new highs came in at 148 and new lows came in at 16, same as yesterday. Gainers and losers for the day on the NASDAQ: Baidu.com, Incorporated (BIDU) fell sharply by 6.18 points to close the session at $125.00; RC2 Corporation (RCRC) shed 5.22 points to end the day at $39.31; Pool Corporation (POOL) gave up 4.08 points to close at $36.50 and Google Incorporated (GOOG) climbed higher to gain 5.38 points on the day to end at $505.10.
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