End-of-Day Market Summary for December 29, 2011

This is your Benzinga news summary and traders' summary for Thursday, December 29, 2011, covering headlines from the day and Wednesday's after-hours session. Today in the domestic after-hours session, U.S equity indices trended higher. At last check, the Dow Jones Industrial Average is up by about 135 points or 1.12% and the U.S. dollar trades lower near the $80.80 level. Earlier this morning, RBC Capital upgraded News Corp
NWSA
to Top Pick and Roth Capital upgraded Hollisys Automation Technologies
HOLI
to Buy. View all of
today's upgrades here
. Miller Tabak downgraded City National
CYN
to Hold and Raymond James downgraded Edenor
EDN
to Market Perform. View all of
today's downgrades here
. Overseas, European markets ended lower in their trading sessions. Britain's FTSE 100 increased by 1.08 %, Germany's DAX gained 1.34 % and France's CAC 40 rallied by 1.84% on the session. Asian stocks ended the session mixed. China's Shanghai Index gained 0.16%, Japan's Nikkei 225 slid 0.29%, and Hong Kong's Hang Seng Index tumbled 0.65%. On the economic calendar, Initial Jobless Claims came in at 381K versus an estimate of 370K; Pending Home Sales MoM came in at 7.3% versus an estimate of 1.5%. On the commodity front, gold and silver futures are higher in after-hours trading, with gold trading higher at about $1547.90 per ounce and silver trading higher at about $27.82 per ounce. Energy futures are lower with crude oil up over 0.3% near the $99.70 level and gasoline trading higher by about 1%. Natural Gas futures are lower by about 2.5 % and copper futures are trading over 0.3 % higher this evening. In corporate news, Gladstone Commercial Corp
GOOD
announced that it
acquired property in Pittsburgh for $4.2M
. Fushi Copperweld
FSIN
today announced that
it has received an offer to become private, at $9.50 per share
. Imperial Sugar Company
IPSU
today announced that
it has delayed its 10-K because it has not received audited financials from a major equity holder
. Today's movers include:

Hollysys Automation Technologies HOLI +17.1% after securing contract with a Chinese company

Ivanhoe Energy IVAN +15.7% on heavy volume

DexCom DXCM +10.1% on positive analyst sentiment

Deckers Outdoor Corporation DECK -8% after entering new financing agreement

StoneMor Partners STON -5.8% on heavy volume

Danaos Corporation DAC -5.4% on low volume

This concludes your news summary for December 29, 2011.
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Posted In: NewsBroad U.S. Equity ETFsUpgradesDowngradesEventsGlobalEcon #sEconomicsAfter-Hours CenterMarketsAnalyst RatingsMoversTechReviewsETFs
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