End-of-Day Market Summary for November 8, 2011

This is your Benzinga news summary and traders' summary for Tueday, November 8, 2011, covering headlines from Tuesday's trading session. Today at market close, the Dow Jones Index traded up about 101.79 points or 0.84%, the S&P 500 traded 1.17% higher, the Nasdaq Composite Index traded up 1.2%, and the U.S. dollar trades slightly lower near the $76.75 level. Earlier today, Citi upgraded Honeywell HON to Buy and Credit Suisse upgraded St. Jude Medical STJ to Outperform. View all of today's upgrades here. Wedbush downgraded Omnivision OVTI to Neutral and Credit Suisse downgraded QuinStreet Holdings QNST to Neutral. View all of today's downgrades here. Overseas, European markets ended their trading session higher. Britain's FTSE 100 gained 1.03%, Germany's DAX increased by 0.55% and France's CAC 40 rallied by 1.28% on the session. Asian stocks ended their session mixed. China's Shanghai Index lost 0.19%, Japan's Nikkei 225 declined by 1.27%, and the Hang Seng index broke even. On the economic calendar, NFIB Small Business Optimism came in at 90.2 versus an estimate of 90, IBD/TIPP Economic Optimism came in at 40.6 versus an estimate of 41. On the commodity front, gold and silver futures traded lower today, with gold trading about 0.8% lower today. Energy futures are mixed, with crude oil up over 1.5% near the $96.98 level and gasoline futures are trading lower by about 0.4%. Natural Gas futures are higher by about 1.7% and copper futures are trading over 0.5% higher. On the earnings front this afternoon, Caribou Coffee CBOU Reports Q3 EPS $0.07 vs $0.06 Est; Revenues $81.4M vs $78.09M Est; Weight Watchers WTW Reports Q3 EPS $1.09 vs $0.94 Est; Revenues $428.4M vs $410.96M Est; Activision Blizzard ATVI Reports Q3 EPS $ 0.07 vs $0.02 Est; Revenues $627M vs $558.44M Est; Take-Two TTWO Reports Q2 EPS $(0.47) vs $(0.57) Est; Revenues $107M vs $82.76M Est. In corporate news, Salix Pharmaceuticals SLXP announced that it will acquire Oceana Therapeutics for $300 million. The transaction will be in all cash. Blue Nile NILE announced that it has changed its CEO to Vijay Talwar. During the interim, the current Chairman will be taking control of the company. Boston Scientific BSX announced that its Carotid WALLSTENT product is safe. The study conducted was with high surgical risk patients. Today's movers include:

Targacept TRGT -60.2% after one of its medications missed target sales goals.

QuinStreet QNST -18.2% after missing Q1 earnings estimates.

WMS Industries WMS -17.04% after reporting poor earnings estimates and poor guidance.

Solazyme SZYM +17.18% due to a significant spike in oil prices.

DealerTrack Holdings TRAK +13.86% after positive earnings and various upgrades by equity research analysts.

YPF YPF +13.59% after a series of upgrades and guiding future earnings positively.

This concludes your news summary for November 8, 2011.