Through out the quiet trading session, the Bulls maintained control of the trading action, holding the major indices in the green zone, into the close. The markets had an early close on the trading day, ahead of the 4th of July Holiday with light trading volume and tight trading ranges. At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) posted a gain of 41.87 points to end the session at 13,577.30; the NYSE (New York Stock Exchange) posted a gain of 35.18 points to end at 10,032.61; the NASDAQ posted a gain of 12.65 points for a close at 2,644.95; the S&P 500 moved higher by 5.44 points to end at 1,524.87 and the RUSSELL 2000 moved higher by 3.14 points to close at 848.20. 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 1.84 to close at 264.30 and the FTSE RAFI 1000 posted a gain of 16.09 points to close at 6,414.38.
ICSC-UBS Store Sales: Weekly measure of comparable store sales at major retail chains which is related to the general merchandise portion of retail sales, as reported by the International Council of Shopping Centers. This date accounts for approximately 10% of total retail sales. Data released today: ICSC-UBS Chain Store Sales were reported higher by 0.1% for week of June 30th.
Redbook: General merchandise portion of retail sales covering only approximately 10% of total retail sales, this data is a weekly measure of sales at department stores, chain stores and discounters. Redbook data released today: U.S. Retail Sales fell by 1.1% for first four weeks in June versus May.
Factory Orders: Dollar level of new Factory Orders for both durable and non-durable goods. Data released today: U.S. Factory Orders fell by 0.5% in May as compared to consensus of a drop by 1.2%; May Factory Orders, Excluding Transportation rose by 0.7%; May Factory Orders, Excluding Defense fell by 0.6%; May Durable Goods were revised lower by 2.4% from a drop by 2.8% and April Factory Orders revised to an increase by 0.5% from an increase by 0.3%.
Pending Home Sales Index: Reported by the National Association of Realtors, leading indicator of housing activity. As reported today by the National Association of Realtors: U.S. Pending Home Sales Index fell by 3.5% in May and U.S. May Pending Home Sales fell by 13.3% from May 2006.
The trend was mostly higher across the board again today for the Energy Sector: Light crude moved higher by $0.32 today to close at $71.41 a barrel; Heating Oil ended the session at $2.07 a gallon; Natural Gas moved lower by $0.01 again today to close at $6.75 per million BTU and Unleaded Gas moved higher by $0.02 on the session to close at $2.26 a gallon.
Metals Market ended the session mostly lower across the board today: Gold moved lower today for a loss of $3.80 to close at $655.40 an ounce; Silver closed lower today by $0.06 at $12.69 an ounce; Platinum moved lower today for a loss of $0.90 to close at $1,294.20 an ounce and Copper moved higher by $0.02 today to close at $3.55 per pound.
On the Livestock and Meat Markets, the trend was mostly higher across the board today: Lean Hogs ended the day higher by 0.33 to close at 70.20; Pork Bellies ended the day lower by 1.98 to close 87.18; Live Cattle moved higher by 0.30 to close at 89.98 and Feeder Cattle ended the day higher by 0.60 at 111.55.
Other Commodities: Corn moved sharply lower today with a loss of 12.00 points for a close at 338.00 and Soybeans moved lower today to post substantial loss of 15.50 points to end the session at 882.25.
The e-mini Dow ended the session today at 13,664 with a gain of 38 points on the trading session. The total Dow Exchange Volume for the day came in at 112,501 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 31/32; 5 year bond closed lower by 6/32 at 99 23/32; 10 year bond closed lower by 13/32 at 95 25/32 and the 30 year bond closed lower by 23/32 at 94 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 3,376,597. Open Interest for Futures moved lower by 40,174 points to close at 9,781,645; the Open Interest for Options moved higher by 22,928 points to close at 7,927,010 and the Open Interest for OTC closed higher today by 1,362 points at 7,137 for a total Open Interest of 17,715,793 for a total loss on the day by 15,884 points.
On the NYSE today, advancers came in at 1,919; decliners totaled 1,196; unchanged came in at 151; new highs came in at 220 and new lows came in at 29. Gainers and losers for the day on the NYSE: Chicago Mercantile Exchange Holdings (CME) posted a gain on the Big Board of 6.85 points for a closing price at $539.35; Wimm-Bill-Dann Foods OJSC (WBD) moved higher again on the trading session with a gain of 3.54 points for an end of day trading price at $112.18; Aluminum Corporation of China Limited (ACH) posted a favorable gain on the trading day of 5.14 points for an increase by 11.82% to end the session at $48.62; Continental Airlines Incorporated (CAL) showed strength with a gain of 10.33% to pick up 3.50 points to end the trading day at $37.37 and Goldman Sachs Group Incorporated (GS) moved nicely higher for a gain on the trading session of 5.07 points to end the day at $224.25.
On the NASDAQ today, advanced totaled 1,627, decliners totaled 1,317; unchanged came in at 171, new highs came in at 171 and new lows came in at 52. Gainers and losers for the day on the NASDAQ: Apple Incorporated (AAPL) moved higher amidst active trading for a high of $127.40, a low of $121.50 for a gain of 5.67 points with a closing price of $126.93; First Solar Incorporated (FSLR) once again provided active day trading for the trading session with a gain of 4.18 points to close the trading day at $97.93; Synchronoss Technologies Incorporated (SNCR) bolted higher during the trading session with a gain of 15.77% to tack on 4.51 points for a final day trading price at $33.10 and Research In Motion Limited (RIMM) shed 6.46 points on the session after the recent upward trend to close at $207.80.
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