End-of-Day Market Summary for December 30, 2011

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This is your Benzinga news summary for Friday, December 30, 2011, covering headlines from Friday's daytime trading session. Today at market close, the Dow Jones Index traded down about 69.63 points or 0.57%, the S&P 500 traded 0.43% lower, the Nasdaq Composite Index traded down 0.33%, and the U.S. dollar trades slightly higher near the $80.60 level. Earlier today, DA Davidson upgraded Starbucks
SBUX
to Buy and CL King upgraded MWI Veterinary Supply
MWIV
to Strong Buy. View all of
today's upgrades here
. Global Hunter downgraded Rowan Companies
RDC
to Accumulate and Stephens downgraded Bank of Ozarks
OZRK
to Equalweight. View all of
today's downgrades here
. Overseas, European markets ended their trading session higher. Britain's FTSE 100 gained 0.1%, Germany's DAX increased by 0.85% and France's CAC 40 rallied by 1.03% on the session. Asian stocks ended their session higher. China's Shanghai Index gained by 1.22%, Japan's Nikkei 225 increased by 0.67%, and the Hang Seng index gained 0.2%. On the economic calendar, nothing came out. On the commodity front,
gold
and
silver
futures traded lower today, with gold trading about 0.1% lower today. Energy futures are lower, with
crude oil
down over 0.7% near the $98.95 level and
gasoline
futures are trading lower by about 0.4%.
Natural Gas
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futures are lower by about 2% and
copper
futures are trading over 0.2% lower. There were no earnings announcements today. In corporate news, American Capital
ACAS
announced that
it has repurchased 8.4 million shares at $6.97 per share
. Pacific Gas and Electric
PCG
announced that
it will slightly drop rates for some of its products to account for inflationary changes
. Comfort Systems USA
FIX
announced that
Brian Lane will take over as CEO
. This concludes your news summary for December 30, 2011.
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