End-of-Day Market Summary for January 23, 2012

This is your Benzinga news summary for Monday, January 23, 2012, covering headlines from Monday's daytime trading session. Today at market close, the Dow Jones Index traded down about 11.21 points or 0.09%, the S&P 500 traded 0.05% higher, the Nasdaq Composite Index traded down 0.09%, and the U.S. dollar trades slightly lower near the $79.85 level. Earlier today, Goldman Sachs upgraded Southwestern Energy SWN to Buy and Morgan Stanley upgraded Honda HMC to Outperform. JP Morgan downgraded AMAG Pharmaceuticals AMAG to Underweight and Stifel Nicolaus downgraded Procter & Gamble PG to Hold. Overseas, European markets ended their trading session lower. Britain's FTSE 100 lost 0.94%, Germany's DAX increased by 0.5% and France's CAC 40 tumbled by 0.51% on the session. Asian stocks ended their session higher. China's Shanghai Index rallied by 1.03%, Japan's Nikkei 225 broke even at 0%, and the Hang Seng index gained 0.84%. On the economic calendar, Richmond Fed Index will come in tomorrow morning at 10am. On the commodity front, gold and silver futures traded mixed today, with gold trading about 0.1% lower today. Energy futures are higher, with crude oil up over 1.5% near the $99.80 level and gasoline futures are trading higher by about 0.1%. Natural Gas futures are higher by about 9.8% and copper futures are trading over 0.2% higher. Today's afternoon earnings announcements include VMWare Reports Q4 EPS $0.62 vs $0.60 Est; Revenues $1.06B vs $1.05B Est; Albemarle Reports Q4 EPS $1.11 vs $1.09 Est; Revenues $707.00M vs $698.43M Est; Polycom Reports Q4 EPS $0.41 May Not Compare to $0.29 Est; Revenues $407.00M vs $401.29M Est. In corporate news, InterDigital IDCC announced that its Board of Directors concluded an investigation of strategic alternatives and is not pursuing anything currently.. Volterra Semiconductor Corp VLTR announced that CEO Stephen Smith has been appointed to the Board of Directors. Integrated Electrical Services IESC stated that it received a $20 million contract for a communications project. This concludes your news summary for January 23, 2012.