Market Overview

End-of-Day Market Summary for December 6, 2011

This is your Benzinga news summary and traders' summary for Tuesday, December 6, 2011, covering headlines from Tuesday's trading session.

Today at market close, the Dow Jones Index traded up about 52.30 points or 0.43%, the S&P 500 traded 0.11% higher, the Nasdaq Composite Index traded down 0.23%, and the U.S. dollar trades slightly lower near the $78.60 level.

Earlier today, Ticonderoga upgraded ACE (NYSE: ACE) to Buy and Bank of America upgraded Entergy (NYSE: ETR) to Neutral. View all of today's upgrades here.

Oxen Group downgraded SunPower (NASDAQ: SPWR) to Sell and Sterne Agee downgraded Ingersoll-Rand (NYSE: IR) to Neutral. View all of today's downgrades here.

Overseas, European markets ended their trading session mixed. Britain's FTSE 100 gained 0.01%, Germany's DAX decreased by 1.27% and France's CAC 40 slid by 0.68% on the session. Asian stocks ended their session lower. China's Shanghai Index lost 0.31%, Japan's Nikkei 225 decreased by 1.39%, and the Hang Seng index lost 1.24%. On the commodity front, gold and silver futures traded higher today, with gold trading about 0.1% higher today. Energy futures are mixed, with crude oil down over 0.05% near the $100.90 level and gasoline futures are trading higher by about 0.9%. Natural Gas futures are higher by about 0.9% and copper futures are trading over 0.1% higher.

On the earnings front this afternoon, SAIC Reports Q3 EPS $0.35 vs $0.34 Est; Revenues $2.81B vs $2.75B Est; Mens Wearhouse Reports Q3 EPS $0.79 vs $0.65 Est; Revenues $584.60M vs $570.94M Est; Oxford Industries Reports Q3 EPS $0.16 vs $0.14 Est; Revenues $170.3M vs $164.92M Est; Vera Bradley Reports Q3 EPS $0.32 vs $0.28 Est; Revenues $121.10M vs $109.85M Est.

In corporate news, American Airlines (NYSE: AMR) announced that it has signed a contract with OpenSkies to increase its exposure across US airports. Terms were undisclosed.

China Medical Technologies (NASDAQ: CMED) has been accused of fraudulent activity by multiple equity research firms. Ir has responded back by laying out various income figures and cost numbers to prove its innocence.

comScore (NASDAQ: SCOR) announced that US holiday spending is approaching $20 billion, up 15$ from 2010.

This concludes your news summary for December 6, 2011

Posted-In: News Broad U.S. Equity ETFs Upgrades Downgrades Global Econ #s Economics After-Hours Center Best of Benzinga

 

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