End-of-Day Market Summary for December 6, 2011

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This is your Benzinga news summary and traders' summary for Tuesday, December 6, 2011, covering headlines from Tuesday's trading session. Today at market close, the Dow Jones Index traded up about 52.30 points or 0.43%, the S&P 500 traded 0.11% higher, the Nasdaq Composite Index traded down 0.23%, and the U.S. dollar trades slightly lower near the $78.60 level. Earlier today, Ticonderoga upgraded ACE
ACE
to Buy and Bank of America upgraded Entergy
ETR
to Neutral. View all of
today's upgrades here
. Oxen Group downgraded SunPower
SPWR
to Sell and Sterne Agee downgraded Ingersoll-Rand
IR
to Neutral. View all of
today's downgrades here
. Overseas, European markets ended their trading session mixed. Britain's FTSE 100 gained 0.01%, Germany's DAX decreased by 1.27% and France's CAC 40 slid by 0.68% on the session. Asian stocks ended their session lower. China's Shanghai Index lost 0.31%, Japan's Nikkei 225 decreased by 1.39%, and the Hang Seng index lost 1.24%. On the commodity front,
gold
and
silver
futures traded higher today, with gold trading about 0.1% higher today. Energy futures are mixed, with
crude oil
down over 0.05% near the $100.90 level and
gasoline
futures are trading higher by about 0.9%.
Natural Gas
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futures are higher by about 0.9% and
copper
futures are trading over 0.1% higher. On the earnings front this afternoon, SAIC Reports Q3 EPS $0.35 vs $0.34 Est; Revenues $2.81B vs $2.75B Est; Mens Wearhouse Reports Q3 EPS $0.79 vs $0.65 Est; Revenues $584.60M vs $570.94M Est; Oxford Industries Reports Q3 EPS $0.16 vs $0.14 Est; Revenues $170.3M vs $164.92M Est; Vera Bradley Reports Q3 EPS $0.32 vs $0.28 Est; Revenues $121.10M vs $109.85M Est. In corporate news, American Airlines
AMR
announced that
it has signed a contract with OpenSkies
to increase its exposure across US airports. Terms were undisclosed. China Medical Technologies
CMED
has been accused
of fraudulent activity by multiple equity research firms
. Ir has responded back by laying out various income figures and cost numbers to prove its innocence. comScore
SCOR
announced that
US holiday spending is approaching $20 billion
, up 15$ from 2010. This concludes your news summary for December 6, 2011
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