End-of-Day Market Summary for October 31, 2011

This is your Benzinga news summary and traders' summary for Monday, October 31, 2011, covering headlines from Monday's trading session. Today at market close, the Dow Jones Index traded down about 276.10 points or 2.26%, the S&P 500 traded 2.47% lower, the Nasdaq Composite Index traded down 1.93%, and the U.S. dollar trades slightly higher near the $76.70 level. Earlier today, Wedbush upgraded Lamar Advertising
LAMR
to Outperform and JP Morgan upgraded Arkansas Best
ABFS
to Neutral. View all of
today's upgrades here
. Morgan Keegan downgraded Boardwalk Pipeline
BWP
to Market Perform and UBS downgraded Home Properties
AIV
to Sell. View all of
today's downgrades here
. Overseas, European markets ended their trading session lower. Britain's FTSE 100 decreased by 2.77%, Germany's DAX lost 3.23% and France's CAC 40 declined by 3.16% on the session. Asian stocks ended their session lower as well. China's Shanghai Index lost 0.21%, Japan's Nikkei 225 slid by 0.69%, and the Hang Seng index decreased by 0.77%. On the economic calendar, the Chicago Purchasing Manager number came in at 58.4 versus an estimate of 59; the Dallas Fed Manufacturing Activity number came in at 2.3 versus an estimate of -5. On the commodity front,
gold
and
silver
futures traded slightly lower today, with gold trading about 1.63% lower today. Energy futures are mixed, with
crude oil
down over 0.7% near the $92.60 level and
gasoline
futures are trading lower by about 0.5%.
Natural Gas
futures are higher by about 0.3% and
copper
futures are trading over 2.6% lower. On the earnings front this morning, Humana Reports
HUM
Q3 EPS $2.54 vs $2.02 Est; Revenues $9.30 vs $9.25B Est; Anadarko Petroleum Corp
APC
Reports Q3 EPS $0.66 vs $0.68 Est; Revenues $3.20B vs $3.27B Est; Allstate
ALL
Reports Q3 EPS $0.16 vs $0.13 Est; Revenues $8.24B vd $6.74B Est. In corporate news, Boyd Gaming Corp
BYD
announced that
it has signed a 15 year agreement with bwin.party digital entertainment plc
. The terms are undisclosed, but Boyd plans on using bwin.party's platform to offer online poker to its clients. Giga-tronics Incorporated
GIGA
announced that
it has signed a securities purchase agreement for $2.2 million
by Alara Capital Partners. The strategic buyer will acquire about a 16.6% stake. MetLife
MET
announced that
Steven A. Kandarian will be the new chairman of the board
. Kandarian succeeds Robert Henrikson, and will begin the position on January 1, 2012. Today's movers include:

Sify Technologies SIFY +30.49% after reporting earnings on Friday.

Momenta Pharmaceuticals MNTA on positive preliminary injuction against makers a generic Lovenox.

VirnetX holding VHC +10.57% after being initiated with Buy and $50 PT at a mid-tier analyst firm.

NPS Pharmaceuticals NPSP -32.73% after reporting deaths in an experimental drug trial.

Integra LifeSciences IART -16.53% after reporting Q3 earnings and FY2011 guidance.

Changyou.com CYOU -13.17% despite positive Q3 results.

This concludes your news summary for October 31, 2011.
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