End-of-Day Market Summary for November 23, 2011

This is your Benzinga news summary and traders' summary for Wednesday, November 23, 2011, covering headlines from Wednesday's trading session. Today at market close, the Dow Jones Index traded down about 236.17 points or 2.05%, the S&P 500 traded 2.21% lower, the Nasdaq Composite Index traded down 2.43%, and the U.S. dollar trades slightly higher near the $79.30 level. Earlier today, UBS upgraded Crestwood Midstream Partners
CMLP
to Buy and Macquarie upgraded Kodiak Oil & Gas
KOG
to Outperform. View all of
today's upgrades here
. Pacific Crest downgraded Renren
RENN
to Sector Perform and Lazard downgraded Jones Group
JNY
to Neutral. View all of
today's downgrades here
. Overseas, European markets ended their trading session lower. Britain's FTSE 100 lost 1.29%, Germany's DAX decreased by 1.44% and France's CAC 40 slid by 1.68% on the session. Asian stocks ended their session lower, as well. China's Shanghai Index lost 0.73%, Japan's Nikkei 225 decreased by 0.4%, and the Hang Seng index slid by 2.12%. On the economic calendar, MBA Mortgage Applications came in at -1/2%, Durable Goods Orders came in at -0.7% versus an estimate of -1.2%, Personal Income came in at 0.4% versus an estimate of 0.3%, Personal Spending came in at 0.1% versus an estimate of 0.3%, Initial Jobless Claims came in at 393K versus an estimate of 390K, Continuing Claims came in at 3691K versus an estimate 3621K. On the commodity front,
gold
and
silver
futures traded lower today, with gold trading about 0.06% lower today. Energy futures are mixed, with
crude oil
down over 1.9% near the $96.16 level and
gasoline
futures are trading lower by about 1.8%.
Natural Gas
futures are higher by about 1.8% and
copper
futures are trading over 0.5% lower. On the earnings front this afternoon, Ship Finance Int.
SFL
Reports Q3 EPS $0.40 vs $0.43 Est; Revenues $73.3M vs $87.50M Est; ReneSola
SOL
Reports 3Q EPS per ADS $(0.09) vs $(0.11) Est; Revenues $189.12M vs $221.76M Est; China Digital TV
STV
Holding Reports Q3 EPS $0.17-ADS vs $0.18 Est; Revenues $25.9M vs $24.71M Estb; Deere & Co
DE
Reports Q4 EPS $1.62 vs $1.43 Est; Revenues $7.90B vs $7.87B In corporate news, Neuralstem
CUR
announced that
the first patient to receive stem cells was treated starting last week
. The company is testing its therapy for Lou Gherig's Disease. NiSource
NI
announced that
it is offering to repurchase any and all of its debt contracts due at 2016
. This may be a sign that the company has enough cash to pay off debt and continue with operations. NetSpend
NTSP
announced that
it will be repurchasing $25 million worth of common shares
. Today's movers include:

Yingli Green Energy Holdings YGE +12.43% after announcing it plans to expand market share to 30% of total Chinese solar market

Inhibitex INHX +9.65% on heavy volume, continuing yesterday's run up

STR Holdings STRI +7.29% on light volume

Diamond Foods DMND -19.76% after public learned about board member Joseph Silveira's suicide

Groupon GRPN -15.72% on heavy volume, along with other recently IPO'd stocks

InterOil Corp IOC -12.73% on heavy volume

This concludes your news summary for November 23, 2011.
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