Wednesday, January 18, 2012
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• When the World Trade Center fell, it was estimated that 45% of Wall Street's best office space was destroyed.
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Market News and Data brought to you by Benzinga APIsBenzinga's Top News
- PNC Financial Services PNC Reports Q4 EPS $1.39 vs $1.42 Est; Revenues $3.55B vs $3.54B Est li>
- US Bancorp USB Reports Q4 Ex-Gain EPS $0.64 vs $0.63 Est; Revenues $5.1B vs $4.76B Est li>
- Yesterday, Yahoo! YAHOO announces resignation of Jerry Yang
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 14 points.
- U.S. Dollar trades about 0.4% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain's FTSE 100 lost 0.09%, Germany's DAX gained 0.22% and France's CAC 40 slid 0.08% on the session.
- Asian stocks ended the session mixed. China's Shanghai lost 1.37%, Japan's Nikkei 225 added 0.99%, and Hong Kong's Hang Seng gained 0.3%
To see more overseas news, click here.
Upgrades/Downgrades
- Credit Suisse upgrades MGM Resorts MGM to Neutral
- JP Morgan upgrades Belo BLC to Overweight
To see more of today's upgrades, click here.
- Brean Murray downgrades Chesapeake Energy CHK to Hold
- Bank of America downgrades Bruker BRKR to Underperform
To see more of today's downgrades, click here.
On the Economic Calendar
- US MBA Mortgage Applications 23.1% vs 4.5% Est
- Producer Price Index is set to report at 8:30 a.m. ET
- TIC Flows are due at 9:00 a.m.
- Industrial Production and Capacity Utilization is due at 9:15 a.m.
To see more economic news, click here
Earnings
- State Street STT Reports Q4 EPS $0.93 vs $0.93 Est; Revenues $2.32B vs $2.39B Est li>
- Northern Trust NTRS Reports Q4 EPS $0.70 vs $0.68 Est; Revenues $955.60M vs $969.79M Est li>
- PNC Financial Services PNC Reports Q4 EPS $1.39 vs $1.42 Est; Revenues $3.55B vs $3.54B Est li>
- US Bancorp USB Reports Q4 Ex-Gain EPS $0.64 vs $0.63 Est; Revenues $5.1B vs $4.76B Est li>
To see more earnings announcements, click here.
Corporate News
- Yesterday, Yahoo! YAHOO announces resignation of Jerry Yang
- CB&I CBI announces Kearl Oil Sands expansion project contract; valued in excess of $750M
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting losses of about 0.21%
- Energy futures are trading higher, with crude oil posting gains of about 0.4%
- Natural Gas futures are higher by about 1.5% and copper is trading lower by about 0.28%
To see more commodities news, click here.
Benzinga's Morning Radar
Technical Levels for Futures and ForexName | Resistance-2 | Resistance-1 | Mid Pivot | Support-1 | Support-2 |
E-Mini Dow | 12558 | 12490 | 12446 | 12378 | 12334 |
E-Mini S&P 500 | 1309 | 1299 | 1292 | 1282 | 1276 |
Gold | 1674 | 1663 | 1656 | 1645 | 1639 |
Crude | 102.03 | 101.51 | 100.50 | 99.98 | 98.97 |
Natural Gas | 2.64 | 2.57 | 2.50 | 2.42 | 2.35 |
EUR/USD | 1.2848 | 1.2790 | 1.2751 | 1.2694 | 1.2654 |
US Dollar Index | 81.73 | 81.54 | 81.27 | 81.09 | 80.82 |
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