Market Overview

End-of-Day Market Summary for January 9, 2012

This is your Benzinga news summary for Monday, January 9, 2012, covering headlines from Thursday's daytime trading session.

Today at market close, the Dow Jones Index traded up about 32.62 points or 0.26%, the S&P 500 traded 0.23% higher, the Nasdaq Composite Index traded up 0.09%, and the U.S. dollar trades slightly lower near the $81.25 level.

Earlier today, Barclays upgraded OpenTable (NASDAQ: OPEN) to Overweight and Macquarie upgraded Comcast (NASDAQ: CMCSA) to Outperform. View all of today's upgrades here.

Goldman Sachs downgraded TJX Companies (NYSE: TJX) to Neutral and Deutsche Bank downgraded Southern Copper (NYSE: SCCO) to Hold. View all of today's downgrades here.

Overseas, European markets ended their trading session lower. Britain's FTSE 100 lost 0.66%, Germany's DAX decreased by 0.67% and France's CAC 40 tumbled by 0.31% on the session. Asian stocks ended their session mixed. China's Shanghai Index rallied by 2.89%, Japan's Nikkei 225 decreased by 1.16%, and the Hang Seng index gained 1.47%.

On the economic calendar, Consumer Credit came in at $20.37B versus an estimate of $7B. On the commodity front, gold and silver futures traded higher today, with gold trading about 0.21% higher today. Energy futures are mixed, with crude oil down over 0.1% near the $101.45 level and gasoline futures are trading higher by about 0.2%. Natural Gas futures are lower by about 1.5% and copper futures are trading over 0.1% lower.

Today's afternoon earnings announcements included Alcoa Reports 4Q EPS $(0.03) vs $(0.03) Est; Revenues $5.99B vs $5.74B Est; Standard Microsystems Reports Q3 EPS $0.21 vs $0.33 Est; Revenues $106.20M vs $107.56M Est; Volcano Corporation Announces Preliminary Q4 Revs $92.7M vs $93.1M Est; 2011 Revs $343.5M vs $343.8M Est.

In corporate news, Liz Claiborne (NYSE: LIZ) announced that its CFO will leave the company, effective March 16.

Pandora (NYSE: P) announced that it will partner with Acura to feature its radio services in new vehicles.

Nanometrics (NASDAQ: NANO) announced that it has produced over 1,000 algorithms in its optical critical dimension technology.

This concludes your news summary for January 9, 2012.

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

 

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