End-of-Day Market Summary for December 27 2011

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This is your Benzinga news summary for Tuesday, December 27, 2011, covering headlines from Tuesday's daytime trading session. Today at market close, the Dow Jones Index traded down about 2.27 points or 0.02%, the S&P 500 traded 0.01% higher, the Nasdaq Composite Index traded up 0.25%, and the U.S. dollar trades slightly lower near the $80.15 level. Earlier today, RBC Capital upgraded Commvault Systems
CVLT
to Top Pick and Oppenheimer upgraded VMWare
VMW
to Outperform. View all of
today's upgrades here
. KeyBanc downgraded Cogdell Spencer
CSA
to Hold and Caris downgraded Time Warner
TWX
to Above Average. View all of
today's downgrades here
. Overseas, European markets ended their trading session higher. Britain's FTSE 100 gained 1.02%, Germany's DAX increased by 0.18% and France's CAC 40 rallied by 0.03% on the session. Asian stocks ended their session mixed. China's Shanghai Index tumbled by 1.08%, Japan's Nikkei 225 decreased by 0.23%, and the Hang Seng index gained 1.37%. On the economic calendar, Consumer Confidence came in at 64.5 versus an estimate of 58.9; Dallas Fed Manufacturing Activity came in at -3 versus an estimate of 4.8; Richmond Fed Manufacturing Index came in at 3 versus an estimate of 5. On the commodity front,
gold
and
silver
futures traded lower today, with gold trading about 0.1% lower today. Energy futures are mixed, with
crude oil
up over 1.7% near the $101.30 level and
gasoline
futures are trading lower by about .2%.
Natural Gas
futures are higher by about 0.1% and
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copper
futures are trading over 0.1% higher. There were no earnings announcements today. In corporate news, Sears
SHLD
announced
that it will close 120 stores
. Shares plunged on the news. Mylan
MYL
announced that
it has released the first generic version of Teveten Tablets
, which was a product originally produced by Abbott Laboratories
ABT
. Icahn Enterprises
IEP
announced that
it has determined the pricing terms for its previously announced rights offering
. This concludes your news summary for December 27, 2011.
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