PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Millennium-Traders

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Market Commentary for June 20, 2007 from Millennium-Traders.com - Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news
Market Commentary for June 20, 2007 from Millennium-Traders.com

 

NewswireToday - /newswire/ - Somerset, PA, United States, 2007/06/20 - Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Brokerage/Trading Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

A trading session that began questionable between the red and green zone, gave way to control of the Bears by sharply dropping into the last hour of trading to see the major indices in deep red territory. Trading volume was moderate. At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) posted a triple digit loss of 146.00 points to end the session at 13,489.42; the NYSE (New York Stock Exchange) posted a triple digit loss of 121.44 points to end at 9,905.08; the NASDAQ posted a loss of 26.80 points for a close at 2,599.7696; the S&P 500 moved lower by 20.86 points to end at 1,512.84 and the RUSSELL 2000 moved lower by 12.16 points to close at 836.18. 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 0.63 to close at 263.16 and the FTSE RAFI 1000 posted a loss of 79.98 points to close at 6,355.51.

President of Federal Reserve Bank of New York, Timothy F. Geithner commented today: flexible exchange rates key for emerging economies; Asian nations see strong post 90s recovery; Asia now pursuing more prudent economic policies; doesn't Comment On U.S. economy, rate outlook and Asia now less vulnerable to economic shocks.

President of Federal Reserve Bank of Dallas, Richard W. Fisher commented today: Fed mission is to keep inflation at bay; strong world growth may be raising inflation risk; U.S. still attractive place to invest and currencies often driven by rate policy expectations.

Treasury Secretary Henry M. Paulson Jr. commented today: he told Congress he is pushing China to reform; pace of China's economic reform too slow; China Yuan reform alone won't fix U.S. trade gap; U.S. economy benefits from open trade; Europe, Japan need reforms to sustain growth and U.S. on track to reduce budget deficit more in 2007.

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. Data released today: U.S. MBA Market Index falls 3.4% to 643.7 from 666.5; U.S. MBA Purchase Index falls 3% to 450.9 from 464.7 and U.S. MBA Refinancing Index falls 4.2% to 1776.8 from 1854.8.

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. As reported by the Department of Energy today: U.S. Gasoline Stockpiles rose by 1.8 Million Barrels in the week, seen to rise by 1 Million; U.S. Crude Oil Stockpiles rose by 6.9 Million Barrels in the week seen to fall by 150,000 and U.S. Refineries ran at 87.6%, seen up 0.6 Pt. at 89.8%.

Commodities Markets

The trend was mostly lower across the board today for the Energy Sector: Light crude moved lower by $0.91 today to close at $68.19 a barrel; Heating Oil ended the session with no change at $2.04 a gallon; Natural Gas moved lower by $0.14 today to close at $7.60 per million BTU and Unleaded Gas moved lower by $0.01 on the session to close at $2.23 a gallon.

Metals Market ended the session mixed across the board again today: Gold moved lower today for a loss of $4.70 to close at $660.00 an ounce; Silver closed lower today by $0.08 at $13.25 an ounce; Platinum moved higher today by $2.30 to close at $1,300.80 an ounce and Copper moved higher today by $0.04 to close at $3.44 per pound.

On the Livestock and Meat Markets, the trend was lower across the board today: Lean Hogs ended the day lower by 0.50 to close at 74.85; Pork Bellies ended the day lower by 1.83 to close 95.23; Live Cattle moved lower by 0.80 to close at 90.50 and Feeder Cattle ended the day lower by 0.35 today to close at 108.10.

Other Commodities: Corn moved higher today to gain 2.75 for a close at 406.25 and Soybeans moved nicely higher today to post a gain of 10.50 to end the session at 874.50.

The e-mini Dow ended the session sharply lower today, with a loss of 147 points to close at 13,612. The total Dow Exchange Volume for the day came in at 117,748 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.

Bonds were lower across the board today: 2 year bond closed lower by 2/32 at 99 26/32; 5 year bond closed lower by 7/32 at 98 22/32; 10 year bond closed lower by 13/32 at 95 3/32 and the 30 year bond closed lower by 22/32 at 92 17/32.

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 4,313,882; Open Interest for Futures moved higher by 44,204 points to close at 10,015,875; the Open Interest for Options moved higher by 132,300 points to close at 8,835,510 and the Open Interest for OTC closed with a gain of 78 points to close at 5,367 for a total Open Interest of 18,856,752 for a total gain on the day by 176,582 points.

On the NYSE today, advancers came in at 1,867; decliners totaled 1,326; unchanged came in at 147; new highs came in at 212 and new lows came in at 33. Gainers and losers for the day on the NYSE: MGM MIRAGE (MGM) fell by 5.90 points on the session with a closing trading day price at $80.60; Rio Tinto plc (RTP) fell sharply by 7.54 points to end the trading session at $303.96; Darden Restaurants Incorporated (DRI) moved lower on the session by 3.41 points to close at $43.44; Brush Engineered Material Incorporated (BW) plummeted lower on the trading day for a loss of 20.19% to shed 10.23 points for a closing price a $40.44; Nuveen Investments Incorporated (JNC) rallied higher on buyout news for a whopping gain of 16.58% to tack on 8.98 points with a closing price at $63.14 and CLARCOR Incorporated (CLC) bolted higher on the trading session for a gain of 13.79% to climb higher by 4.73 points for a closing price on the trading day of $39.03.

On the NASDAQ today, advanced totaled 1,619 decliners totaled 1,397; unchanged came in at 150; new highs came in at 133 and new lows came in at 38. Gainers and losers for the day on the NASDAQ: Littlefuse Incorporated (LFUS) fell on the trading day by 3.54 points for an end of day closing price of $35.74; Matrix Service Company (MTRX) fell sharply on the trading session for a loss of 17.45% to shed 5.08 points for a closing price at the closing bell of $24.03 and Fuel Tech Incorporated (FTEK) rallied higher on the trading session for a gain of 5.29 points for an end of day price at $33.98.

Give our Trading Rooms a test run, no credit card needed, by subscribing to a Free Trial to one of our Trading Rooms; Stocks Trading Room, Futures Trading Room or our Forex Trading Room. Be sure to read our Introduction to Our Day Trading Rooms page to see how our Trading Rooms operate before you log onto our Trading Rooms for the first time. View our Market Report Sample to see how our moderator’s calls are logged on our Performance Index for our Trading Rooms, our Weekly Swing Trades plus, our Morning Watch List services.

New to Day Trading? Sign up today for a personalized One-on-One Training session. Utilize our professional online trading education for Day Traders who Day Trade Stocks and Futures.

If there is a subject or issue you would like to see covered on our Daily Commentary, send an email via our Contact Us page with details of your request to be reviewed by our editorial staff.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Brokerage/Trading Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Millennium-Traders

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Brokerage/Trading articles,
CATCH Visitors via Your Competitors Announcements!


Market Commentary for June 20, 2007 from Millennium-Traders.com

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: MTnews - Millennium-Traders.com 
814-445-1035 support[.]millennium-traders.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Millennium-Traders securities in any jurisdiction including any other companies listed or named in this release.

Brokerage/Trading via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Millennium-Traders / Company Profile


Read Brokerage/Trading Most Recent Related Newswires:

SRMEX's Vice Chairman Eikichi Hirano About the Gradual Expansion of Capital Market
Xtrade Wins Best Broker in the Middle East Award
Russian Foreign Trade Reports on Russian Trade with North American Countries Q1 2016
DarkMaindFX Introduces the Beta Version of its Economic Indicator Services
Hermes International Expo to Celebrate 25th Anniversary in Delaware County
GoldSilver Central Approved As Singapore Bullion Market Association Member
OANDA Acquires Tradestation Forex Accounts
[TYPO FOUND BY SYSTEM] Beeline Broking Ltd Launches 'Tailor Made Brokerage Plan'
Signals365.com Announces Key Features - Makes it the Best Binary Options Signals Service
Binary Options Signals from Signals365.com Helps Traders to Get Higher Win-Rate
/RC/ Van Ecker Couder Associates Announce Expansion Program
/RC/ Voth Nixon Group Bolsters Deferred Income Annuity
Grant Becker Associates Chalks Up Another Successful Year of CSR Activities
Evanson Asset Management Dividend Stocks to Safeguard An All-weather Portfolio
AKFinancials Announces its 2015 Forex Course Schedule

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)