End-of-Day Market Summary for January 4, 2012
This is your Benzinga news summary for Wednesday, January 4, 2012, covering headlines from Wednesday's daytime trading session.
Today at market close, the Dow Jones Index traded up about 17.3 points or 0.14%, the S&P 500 traded 0.02% higher, the Nasdaq Composite Index traded down 0.02%, and the U.S. dollar trades slightly higher near the $80.40 level.
Overseas, European markets ended their trading session higher. Britain's FTSE 100 lost 0.55%, Germany's DAX decreased by 0.89% and France's CAC 40 tumbled by 1.59% on the session. Asian stocks ended their session mixed. China's Shanghai Index slid by 1.35%, Japan's Nikkei 225 increased by 1.24%, and the Hang Seng index lost 0.8%.
On the economic calendar, MBA Mortgage Applications came in at -4.1% versus a previous number of 0.2%, Factory Orders came in at 1.8% versus an estimate of 2%. On the commodity front, gold and silver futures traded higher today, with gold trading about 0.1% higher today. Energy futures are higher, with crude oil up over 0.3% near the $103.30 level and gasoline futures are trading higher by about 1.3%. Natural Gas futures are higher by about 4% and copper futures are trading over 0.2% lower.
Today's afternoon earnings announcements include: Resourcesnnection Reports Q2 EPS $0.11 vs $0.12 Est; Revenues $145M vs $146.99M Est; Sonic Reports Q1 EPS $0.10 vs $0.09 Est; Revenues $128.3M vs $129.87M Est; The Mosaic Reports Q2 EPS $1.40 vs $1.30 Est; Revenues $3.01B vs $2.54B Est.
In corporate news, Repros Therapeutics (NASDAQ: RPRX) announced that its drug, Proellex-V, has been accepted by the FDA.
HollyFrontier Corp (NYSE: HFC) announced that it will expand operations in Salt Lake City and increase jobs from 31K to 45K.
Today's Movers include:
Flotek Industries (NYSE: FTK) +15.8% on heavy volume
BBVA Banco Frances (NYSE: BFR) +14.1% on low volume
Netflix (NASDAQ: NFLX) +11.4% on positive analyst sentiment and hitting 2 billion hour streaming milestone
Acme Packet (NASDAQ: APKT) -19.2% on poor guidance
BroadSoft (NASDAQ: BSFT) -12.1% on heavy volume
Progress Software Corp (NASDAQ: PRGS) -10.7% on low volume
This concludes your news summary for January 4, 2012.
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