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USA stock market daily report by Millenium Traders (June 8, 2009, Monday, 10.30 p.m. GMT)

By 4:00 pm ET today, the Supreme Court will act on an appeal introduced by three Indiana pension funds who are fighting Chrysler's sale to Fiat. The Obama administration is urging the Supreme Court to not delay the sale of Chrysler sale to Fiat warning of "grave consequences." The three pension funds are putting in the argument that the deal between the two automakers, Chrysler and Fiat, unfairly favors unsecured creditors over senior secured creditors. It stands under bankruptcy law that secured creditors are first in line to receive any financial proceeds from a bankruptcy, followed by unsecured creditors and lastly, all stockholders. The three pension funds hold over $42 billion in secured Chrysler debt. Fiat has the option to walk away from the deal if it does not go through by June 15.

Trading activity was slow on the session with major U.S. indices holding in the red zone for most of the day. Into the final hour of trading, day traders and investors watched as the markets posted a slight rebound into the green zone. Profit taking was all but inevitable after recent gains seen across the board. It appears that investors are once again concerned over the potential of an interest rate hike, in the near term future. We've seen the price at the pump follow a steady rise for some time now. All time high at the pump occurred last year at near $4.10 a gallon. Recent low was at $1.60 a gallon and current average price sits at $2.61 a gallon. With the steady rise on a barrel of crude, so shall the rise continue, at the pump.

Economic data released today:  n/a

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain 1.36 points, EOD 8,764.49
NYSE (New York Stock Exchange) shed 14.08 points, EOD 6,068.56
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 7.02 points, EOD 1,842.40
S&P 500 (SPX) shed 0.95 points, EOD 939.14
BEL 20 (BEL20) shed 25.22 points, EOD 2,046.17
CAC 40 (CAC40) shed 49.39 points, EOD 3,289.66
FTSE100 (UKX100) shed 49.58 points, EOD 4,405.22
NIKKEI 225 (NIK/O) gain 97.62 points, EOD 9,865.63

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,126, declined stock prices 1,922, unchanged stock prices 107, stock prices hitting new highs 15 and stock prices hitting new lows 5. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: POT shed 1.69 points, HOD $112.27, LOD $109.80, EOD $111.94; FCX shed 0.68 points, HOD $57, LOD $54.72, EOD $56.48; SKF shed 0.08 points, HOD $41.04, LOD $39.04, EOD $39.86; BAX shed 1.04 points, HOD $47.61, LOD $46.38, EOD $46.52; RTP shed 3.76 points, HOD $192.12, LOD $184, EOD $190; ALL gain 0.33 points, HOD $25.79, LOD $25.24, EOD $25.38; CAE shed 1.31 points, HOD $24.87, LOD $23.06, EOD $23.19; PNY gain 0.68 points, HOD $24.78, LOD $22.76, EOD $24.41; CME shed 3.71 points, HOD $335, LOD $325.31, EOD $331.21; CI  shed 1.57 points, HOD $22.78, LOD $21.11, EOD $21.27; NAV gain 0.74 points, HOD $43.87, LOD $40.50, EOD $43.04; GS shed 0.66 points, HOD $149.44, LOD $146.19, EOD $148.35.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,068, declined stock prices 1,678, unchanged stock prices 141, stock prices hitting new highs 40 and stock prices hitting new lows 7. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AAPL shed 0.87 points, HOD $144.23, LOD $139.43, EOD $143.80; VRSN shed 3.33 points, HOD $22.41, LOD $19.46, EOD $19.86; BIDU shed 0.40 points, HOD $304.50, LOD $292.52, EOD $303.67; FSLR shed 2.89 points, HOD $185.30, LOD $173.58, EOD $179.21; SPWRA  shed 2.11 points, HOD $31.44, LOD $28.66, EOD $29.45.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 232, declined stock prices 316, unchanged stock prices 54, stock prices hitting new highs 13 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 937.50; Change -3
E-mini NASDAQ-100 (NQ) June 09: EOD 1,489; Change -6
E-mini DOW $5 (YM) June 09: EOD 8,749; Change -13
E-mini S&P MidCap 400 (MF) June 09: EOD 590; Change -5.20
Nikkei 225 (Yen) June 09; EOD 9,845; Change -35

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7191 to U.S. Dollars 1.3906
Japanese Yen 98.47 to U.S. Dollars 0.0102
British Pound 0.6226 to U.S. Dollars 1.6061
Canadian Dollar 1.1165 to U.S. Dollars 0.8957
Swiss Franc 1.0908 to U.S. Dollars 0.9168

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (July 09) shed $0.35, EOD $68.09 per barrel ($US per barrel)
Heating Oil (July 09) shed $0.00, EOD $1.77 a gallon ($US per gallon)
Natural Gas (July 09) gain $0.14, EOD $3.73 per million BTU ($US per mmbtu.)
Unleaded Gas (June 09) shed $0.01, EOD $1.80 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) shed $10.10 EOD $952.50 ($US per Troy ounce)
Silver (July 09) shed $0.43, EOD $14.96 ($US per Troy ounce)
Platinum (July 09) shed $42.20, EOD $1,244 ($US per Troy ounce)
Copper (July 09) shed $0.03, EOD $2.25 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (July 09) shed 0.58, EOD 59.50
Pork Bellies (July 09) shed 0.80, EOD 61.90
Live Cattle (August 09) shed 0.53, EOD 80.63
Feeder Cattle (August 09) shed 0.78, EOD 95.85

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) shed 9, EOD 435
Soybeans (July 09) gain 7, EOD 1,232.50

BOND MARKET:

2 year EOD 98 29/32, change -8/32, Yield 1.43, Yield change 0.13
5 year EOD 96 23/32 10/32, change -18/32, Yield 2.96, Yield change 0.13
10 year EOD 93 20/32, change -17/32, Yield 3.90, Yield change 0.07
30 year EOD 93 19/32, change -6/32, Yield  4.64, change 0.01