Market Overview

End-of-Day Market Summary for January 5, 2012

This is your Benzinga news summary for Thursday, January 5, 2012, covering headlines from Thursday's daytime trading session.

Today at market close, the Dow Jones Index traded down about 2.72 points or 0.02%, the S&P 500 traded 0.29% higher, the Nasdaq Composite Index traded up 0.81%, and the U.S. dollar trades slightly higher near the $80.40 level.

Earlier today, Jefferies upgraded First Cash Financial Services (NADAQ: FCFS) to Buy and RBC upgraded CareFusion (NYSE: CFN) to Outperform. View all of today's upgrades here.

UBS downgraded Vale (NYSE: VALE) to Neutral and RBC downgraded CH Robinson (NASDAQ: CHRW) to Sector Perform. View all of today's downgrades here.

Overseas, European markets ended their trading session lower. Britain's FTSE 100 lost 0.78%, Germany's DAX decreased by 0.25% and France's CAC 40 tumbled by 1.53% on the session. Asian stocks ended their session mixed. China's Shanghai Index slid by 0.95%, Japan's Nikkei 225 decreased by 0.83%, and the Hang Seng index rallied 0.46%.

On the economic calendar, ADP Employment Change came in at 325K versus an estimate of 178K, Initial Jobless Claims came in at 372K versus an estimate of 375K, Continuing Claims came in at 3595K versus an estimate of 3570K, ISM Non-Manufacturing Composite Index came in at 52.6 versus an estimate of 53. On the commodity front, gold and silver futures traded mixed today, with gold trading about 0.1% higher today. Energy futures are lower, with crude oil down over 1.6% near the $101.50 level and gasoline futures are trading lower by about 1.8%. Natural Gas futures are lower by about 4% and copper futures are trading over 0.6% lower.

Today's afternoon earnings announcements include: Ruby Tuesday Reports Q2 EPS $-0.03 vs $-0.05 Est; Revenues $307.5M vs $313.29M Est; Schulman Reports Q1 EPS $0.46 vs $0.42 Est; Revenues $517.30M May Not Compare to $618.80M Est; Apollo Group Reports Q1 EPS $1.28 vs $1.18 Est; Revenues $1.18B vs $1.16B Est.

In corporate news, Acadia Healthcare (NASDAQ: ACHC) announced that it will acquire 3 facilities across the country for $91 million.

Pacific Sunwear (NADAQ: PSUN) announced that its December same-store sales were flat; it also maintained Q4 guidance.

SandRidge Energy (NYSE: SD) announced that it will file for IPO of one of its beneficial Trusts in 2012.

Today's Movers include:

Dendreon (NASDAQ: DNDN) +39.7% on positive Q4 revenues

Ancestry.com (NASDAQ: ACOM) +20% on large subscriber inflow

Zumiez (NASDAQ: ZUMZ) +17.4% on positive December sales

Barnes & Noble (NYSE: BKS) -17.3% on announcement to spin off its e-reader, the Nook

American Eagle (NYSE: AEO) -10.6% after cutting Q4 earnings guidance

Globe Specialty Metals (NASDAQ: GSM) -9.3% after analyst's downgrade

This concludes your news summary for January 5, 2012.

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

 

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