End-of-Day Market Summary for November 28, 2011

This is your Benzinga news summary and traders' summary for Monday, November 28, 2011, covering headlines from Monday's trading session. Today at market close, the Dow Jones Index traded up about 291.23 points or 2.59%, the S&P 500 traded 2.92% higher, the Nasdaq Composite Index traded up 3.52%, and the U.S. dollar trades lower near the $79.37 level. Earlier today, UBS upgraded Verizon Communications
VZ
to Buy and Citi upgraded Genworth Financial
GNW
to Buy. View all of
today's upgrades here
. Sterne Agee downgraded Research in Motion
RIMM
to Neutral and Credit Suisse downgraded Eaton Vance
EV
to Underperform. View all of
today's downgrades here
. Overseas, European markets ended their trading session higher. Britain's FTSE 100 gained 2.87%, Germany's DAX increased by 4.6% and France's CAC 40 rallied by 5.46% on the session. Asian stocks ended their session higher as well. China's Shanghai Index rallied by 0.25%, Japan's Nikkei 225 increased by 1.56%, and the Hang Seng index gained 1.97%. On the economic calendar, New Home Sales came in at 307K versus an estimate of 315K; Dallas Fed Manufacturing Activity came in at 3.2 versus an estimate of 5. On the commodity front,
gold
and
silver
futures traded mixed today, with gold trading about 0.02% higher today. Energy futures are mixed, as well, with
crude oil
up over 1% near the $97.90 level and
gasoline
futures are trading higher by about 2.5%.
Natural Gas
futures are lower by about 3.25% and
copper
futures are trading over 0.3% lower. On the earnings front, Lentuo International
LAS
Reports Q3 EPS $0.06 vs $0.08 Est; Revenues $104.2M vs $116.80M Est; Hillenbrand
HI
Reports Q4 EPS $0.48 vs $0.37 Est; Revenues $231.2M vs $218.80M Est; Thor
THO
Reports Q1 EPS $0.41 vs $0.43 Est; Revenues $673M vs $673.68M Est. In corporate news, Cousins Properties Inc
CUZ
announced that
it has completed its acquisition of Promenade Two for $134.7 million
. Legg Mason
LM
announced that
it will be attempting to underwrite ETFs, starting in 2012
. Its ETF plans include securities tracking corporate debt, sovereign debt, and mortgage-backed securities. Shutterfly
SFLY
announced that
it entered into a $125 million senior secured revolving credit facility
. Today's Movers include:

Commercial Metals Company CMC +23.1% on news that Carl Icahn offered to purchase all the company's shares for $15

Cemex SAB CX +17.5% after easing European fears moved emerging markets' stocks up

OYO Geospace Corp OYOG +16.4% on heavy volume

Ternium SA TX -16.15% despite buying a $2.2 billion stake in Usinas Siderurgicas de Minas Gerais

Groupon GRPN -10.1% after Groupon Korea was fined 17 million Won for deceptive reviews

Rentech RTK -7.6% on heavy volume

This concludes your news summary for November 28, 2011.
Market News and Data brought to you by Benzinga APIs
date
▲▼
ticker
▲▼
name
▲▼
Price Target
▲▼
Upside/Downside
▲▼
Recommendation
▲▼
Firm
▲▼
Posted In: NewsBroad U.S. Equity ETFsUpgradesDowngradesGlobalEcon #sEconomicsAfter-Hours CenterMarketsAnalyst RatingsMoversTechReviewsETFs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...