End-of-Day Market Summary for January 11, 2012

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This is your Benzinga news summary for Wednesday, January 1, 2012, covering headlines from Wednesday's daytime trading session. Today at market close, the Dow Jones Index traded down about 13.39 points 0.11%, the S&P 500 traded 0.03% higher, the Nasdaq Composite Index traded up 0.31%, and the U.S. dollar trades slightly higher near the $81.60 level. Earlier today, UBS upgraded Lamar Advertising
LAMR
to Neutral and Goldman Sachs upgraded Graco
ROK
to Buy. View all of
today's upgrades here
. Morgan Stanley downgraded WebMD
WBMD
to Underweight and Deutsche Bank downgraded SUPERVALU
SVU
to Hold. View all of
today's downgrades here
. Overseas, European markets ended their trading session higher. Britain's FTSE 100 lost 0.45%, Germany's DAX decreased by 0.17% and France's CAC 40 slid by 0.19% on the session. Asian stocks ended their session mixed. China's Shanghai Index tumbled by 0.39%, Japan's Nikkei 225 increased by 0.30%, and the Hang Seng index gained 0.78%. On the economic calendar, MBA Mortgage Applications came in at 4.5% versus a previous number of -4.1%. On the commodity front,
gold
and
silver
futures traded higher today, with gold trading about 0.1% higher today. Energy futures are lower, with
crude oil
down over 1% near the $101.10 level and
gasoline
futures are trading lower by about 0.1%.
Natural Gas
futures are lower by about 5.5% and
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copper
futures are trading over 0.2% higher. Today's afternoon earnings announcements included none. In corporate news, Flowserve
FLS
announced that
Thomas L. Pajonas to Chief Operating OfficerAPC
. 99-Cent Only Stores
NDN
announced that
reports +8.5% same-store sales as well as positive revenues in the third quarter.
. Apollo Commercial Real Estate Finance
ARI
announced that
it will refinance all of its borrowings from the TALF program
. This concludes your news summary for January 1, 2012.
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