Market Overview

End-of-Day Market Summary for November 7, 2011

Share:

This is your Benzinga news summary and traders' summary for Monday, November 7, 2011, covering headlines from Monday's trading session.

Today at market close, the Dow Jones Index traded up about 85.15 points or 0.71%, the S&P 500 traded 0.63% higher, the Nasdaq Composite Index traded up 0.34%, and the U.S. dollar trades lower near the $77.10 level.

Earlier today, Lazard upgraded Rubicon Technology (NASDAQ: RBCN) to Buy and Citigroup upgraded Toll Brothers (NYSE: TOL) to Buy. View all of today's upgrades here.

Citigroup downgraded DR Horton (NYSE: DHI) to Neutral and Rodman & Renshaw downgraded BPZ Resources (NYSE: BPZ) to Market Perform. View all of today's downgrades here.

Overseas, European markets ended their trading session lower. Britain's FTSE 100 slid by 0.3%, Germany's DAX declined by 0.63% and France's CAC 40 decreased by 0.64% on the session. Asian stocks ended their session lower as well. China's Shanghai Index lost 0.73%, Japan's Nikkei 225 slid by 0.39%, and the Hang Seng index decreased by 0.83%.

On the economic calendar, September's Consumer Credit came in at $7.386 billion versus an estimate of $5.15 billion. On the commodity front, gold and silver futures traded higher today, with gold trading about 0.45% higher today. Energy futures are mixed, with crude oil up over 1.7% near the $95.90 level and gasoline futures are trading higher by about 2.8%. Natural Gas futures are lower by about 2.3% and copper futures are trading over 1.1% higher.

On the earnings front this afternoon, Priceline (NASDAQ: PCLN) Reports Q3 EPS $9.95 vs $9.30 Est; Revenues $1.50B vs $1.42B Est; Rackspace Hosting (NYSE: RAX) Reports Q3 EPS $0.14 vs $0.14 Est; Revenues $264.60M vs $261.63M Est; Isis Pharmaceuticals (NASDAQ: ISIS) Reports Q3 EPS $(0.27) vs $(0.20) Est; Revenues $20.70M vs $25.33M Est; Sykes Enterprises (NASDAQ: SYKE) Reports Q3 EPS $0.44 May Not Compare vs $0.28 Est; Revenues $302.5M vs $303.12M Est.

In corporate news, Fluor Corp (NYSE: FLR) announced that it will acquire Goar, Allison & Associates in a move to expand its presence in the oil and gas sector. Terms of the transaction were undisclosed.

Eastman Kodak (NYSE: EK) announced that it has sold its image sensor business to Platinum Equity. The move comes at a time when the company is facing liquidity issues. Terms of the transaction were undisclosed.

GAMCO Investors (NYSE: GBL) announced that it has approved a special dividend of $1.00 for investors holding its Class A and B shares. The dividend applies to all shareholders on record as of November 17, 2011.

This concludes your news summary for November 7, 2011.

 

Related Articles (BPZ + DHI)

View Comments and Join the Discussion!

Posted-In: News Broad U.S. Equity ETFs Upgrades Downgrades Contracts Events Global Econ #s Best of Benzinga

Latest Ratings

StockFirmActionPT
PRTKHC Wainwright & Co.Maintains19.0
MCRBHC Wainwright & Co.Maintains41.0
EOLSHC Wainwright & Co.Maintains8.0
PRTSSmall Cap Consumer ResearchMaintains16.0
FIXXHC Wainwright & Co.Maintains30.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com