The markets made a rebound today just a day after the sharp sell off yesterday. Trading volume was moderate to heavy but definitely lighter than that of yesterday’s session. Crude Oil continued its surge into higher territory today and we saw Gold strike a level not seen since 1980. Jobs data released today, set a much better tone for the markets, with the Bears maintaining a majority of control over the session today. At the close, the Bulls stepped forward with the major indices moving into positive territory for the close of the week.
At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) posted a gain of 27.23 points on the day to end the session at 13,595.10; the NYSE (New York Stock Exchange) posted a gain of 30.18 points to end the session at 10,052.26; the NASDAQ posted a gain of 15.55 points for a close at 2,810.38; the S&P 500 moved higher by 1.21 points to end at 1,509.65 and the RUSSELL 2000 moved higher by 2.60 points to close at 797.78. 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 world’s investable market capitalization) posted a loss of 1.02 points to close at 273.50 and the FTSE RAFI 1000 posted a gain of 2.48 points to close at 6,180.65.
U.S. October overall Workweek changed by 0.0 Hour to 33.8 Hours; U.S. September Unemployment was left Unrevised at 4.7% and U.S. September Payrolls were revised to an increase by 96K from an increase by 110K.
U.S. October Manufacturing Payrolls fell by 21K; U.S. October Service-Producing Payrolls rose by 190K; U.S. October Average Hourly Earnings rose by $0.03 to $17.58; U.S. October Unemployment Rate came in at 4.7% compared to consensus of 4.7% and U.S. October Non-farm Payrolls rose by 166K compared to consensus of an increase by 80K.
U.S. Factory Orders rose by 0.2% in September compared to consensus of a drop by 0.5%; September Factory Orders, Excluding Transportation rose by 1.4%; September Factory Orders, Excluding Defense rose by 1.3%; September Durable Goods were left unrevised at a drop by 1.7% and August Factory Orders were revised to a decrease by 3.5% from a decrease by 3.3%.
Commodities Markets
The trend was mostly higher the board today for the Energy Sector: Light crude moved higher today by $2.44 to close at $95.93 a barrel; Heating Oil closed higher by $0.06 today at $2.57 a gallon; Natural Gas moved lower today by $0.22 to close at $8.42 per million BTU and Unleaded Gas moved higher today by $0.10 to close at $2.44 a gallon.
Metals Market ended the session mostly higher across the board today: Gold moved nicely higher today by $14.80 to close at $808.50 an ounce; Silver moved higher by $0.27 to close at $14.60 per ounce; Platinum moved sharply higher today by $11.90 to close at $1,462.70 an ounce and Copper closed lower by $0.04 today at $3.33 per pound.
On the Livestock and Meat Markets, the trend was mostly higher across the board today: Lean Hogs ended the day higher by $0.18 to close at $52.43; Pork Bellies ended the day higher by $3.00 at $84.70; Live Cattle ended the day higher by $0.63 at $94.73 and Feeder Cattle ended the day lower by $0.38 at $107.93.
Other Commodities: Corn moved sharply higher today by $8.25 to close at $377.00 and Soybeans moved sharply higher today by $10.25 to end the session at $1,016.75.
Bonds were higher across the board again today: 2 year bond moved higher by 5/32 today to close at 99 28/32; 5 year bond moved higher by 9/32 to close at 99 20/32 today; 10 year bond moved higher by 9/32 today to close at 103 13/32 and the 30 year bond closed higher by 10/32 at 106 2/32 for the day.
The e-mini Dow ended the session today at 13,644 with a gain of 36 points on the trading session. The total Dow Exchange Volume for the day came in at 237,351 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.
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 5,434,598; Open Interest for Futures moved higher by 197,027 points to close at 9,921,320; the Open Interest for Options moved higher by 115,523 points to close at 8,639,471 and the Cleared Only closed higher by 221 points at 11,509 for a total Open Interest on the day of 18,572,300 for a total Change on the day with a gain of 312,771 points.
On the NYSE today, advancers came in at 1,519 decliners totaled 1,743; unchanged came in at 95; new highs came in at 103 and new lows came in at 292. Gainers and losers for the day as well as active day trading stocks on the NYSE: PetroChina Company Limited (PTR) moved nicely higher on the session to post a gain of 6.06 points with a high on the day of $257.48, a low of $248.64 with a closing price at $255.06; Goldman Sachs Group Incorporated (GS) continued their southbound trend today with a loss of 10.61 points with a high on the day of $241.80, a low of $223.44 for a final trading price at $229.60; Allegheny Technologies Incorporated (ATI) romped higher to post a gain of 4.00 points with a high on the day of $101.30, a low of $96.59 with a closing price of $100.47; Las Vegas Sands Corporation (LVS) took quite a hit on the session to shed 8.53 points with a high at $117.20, a low at $108.89 for a closing price at $116.77; WellCare Health Plans Incorporated (WCG) posted a rebound today for a gain of 4.50 points with a gain of value of 19.68% with a high on the day of $27.93, a low of $23.01 to end the day at $27.37; Flowserve Corporation (FLS) powered higher on the day with a gain of 12.94 points to tack on 17.16% with a high of $90.00, a low of $80.02 with a closing price at the bell of $88.33;Marshall & Llsley Corporation (MI) tumbled hard on the day with a loss by 22.58% to shed 9.11 points with a final trading price at $31.23 and Ambac Financial Group Incorporated (ABK) took a hit today by 20.87% to lose 6.17 points with a high of $28.30, a low of $21.62 with a closing price at the bell of $23.40.
On the NASDAQ today, advanced totaled 1,465; decliners totaled 1,517; unchanged came in at 121; new highs came in at 60 and new lows came in at 281. Gainers and losers for the day as well as, active day trading stocks on the NASDAQ: GFI Group Incorporated (GFIG) powered higher on the day to tack on 8.35 points with a climb higher by 10.17% with a high on the day of $96.18, a low of $85.06 for a closing price at $90.51; Itron Incorporated (ITRI) took a hard loss on the day by 18.25 points to shed 18.07% with a high on the day of $86.67, a low of $79.40 with a final trading price at $82.79; RadiSys Corporation (RSYS) posted a gain of 3.32 points with a final trading price at $16.91; Cognex Corporation (CGNX) moved higher on the day by 3.89 points to tack on 23.13% with a closing price at the bell of $20.72; Baidu.com Incorporated (BIDU) soared higher on the trading session for a gain of 23.55 points with a high on the day of $409.00, a low of $387.64 with a final trading price at the bell of $409.50; Synaptics Incorporated (SYNA) powered higher on the day for a gain of 9.63 points to tack on 19.09% with a closing price at the bell of $60.07; Wright Medical Group Incorporated (WMGI) tacked on 3.98 points for a gain of 15.61% to end the day at $29.37 and Insight Enterprises Incorporated (NSIT) moved lower by 6.33 points to shed 23.93% on the day for a final trading price of $20.13.
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