This is your Benzinga news summary for Wednesday, December 28, 2011, covering headlines from Wednesday's daytime trading session.
Today at market close, the Dow Jones Index traded down about 138.88 points or 1.13%, the S&P 500 traded 1.24% lower, the Nasdaq Composite Index traded down 1.34%, and the U.S. dollar trades slightly higher near the $80.95 level.
Earlier today, DA Davidson upgraded Starbucks
SBUX to Buy and CL King upgraded MWI Veterinary Supply
MWIV to Strong Buy. View all of
today's upgrades here.
Canaccord downgraded Enbridge
ENB to Hold and the Oxen Group downgraded Compania Cervecerias Unida
CCU to Hold. View all of
today's downgrades here.
Overseas, European markets ended their trading session higher. Britain's FTSE 100 lost 0.1%, Germany's DAX decreased by 2.01% and France's CAC 40 slid by 1.03% on the session. Asian stocks ended their session mixed. China's Shanghai Index gained by 0.19%, Japan's Nikkei 225 decreased by 0.2%, and the Hang Seng index lost 0.59%.
On the economic calendar, nothing came out.
On the commodity front,
gold and
silver futures traded lower today, with gold trading about 0.6% lower today. Energy futures are lower, with
crude oil down over 1.7% near the $99.55 level and
gasoline futures are trading lower by about 1.3%.
Natural Gas futures are lower by about 0.6% and
copper futures are trading over 0.4% lower.
There were no earnings announcements today.
In corporate news, Epiq Systems
EPIQ announced that
it will acquire De Novo Legal for $68 million.
China Sky One Medical
CSKI announced that
its CFO, Hongyu Pan, will leave the company. The resignation is dated on December 22, 2011, although a new CFO has not been announced.
Jamba
JMBA announced that
announced plans to expand supply chain to include markets in Colorado and Texas.
Today's Movers include:
Arctic Cat ACAT +20.1% after repurchasing Suzuki's stake for $79 million
Simcere Pharmaceutical Group SCR +11.6% on intermittent volume
Amyris AMRS +6.8% on light volume
Molycorp MCP -14.1% on negative analyst comments
KiOR KIOR -9.1% on light volume
Meritor MTOR -8.5% on light volume
This concludes your news summary for December 28, 2011.
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