End-of-Day Market Summary for January 4, 2012

This is your Benzinga news summary for Wednesday, January 4, 2012, covering headlines from Wednesday's daytime trading session. Today at market close, the Dow Jones Index traded up about 17.3 points or 0.14%, the S&P 500 traded 0.02% higher, the Nasdaq Composite Index traded down 0.02%, and the U.S. dollar trades slightly higher near the $80.40 level. Earlier today, JP Morgan upgraded Exelis

to Overweight and Bank of America upgraded AK Steel

to Neutral. View all of

. Deutsche Bank downgraded Acme Packet

to Hold and Morgan Keegan downgraded Home Properties

to Market Perform. View all of

. Overseas, European markets ended their trading session higher. Britain's FTSE 100 lost 0.55%, Germany's DAX decreased by 0.89% and France's CAC 40 tumbled by 1.59% on the session. Asian stocks ended their session mixed. China's Shanghai Index slid by 1.35%, Japan's Nikkei 225 increased by 1.24%, and the Hang Seng index lost 0.8%. On the economic calendar, MBA Mortgage Applications came in at -4.1% versus a previous number of 0.2%, Factory Orders came in at 1.8% versus an estimate of 2%. On the commodity front,

and

futures traded higher today, with gold trading about 0.1% higher today. Energy futures are higher, with

up over 0.3% near the $103.30 level and

futures are trading higher by about 1.3%.

futures are higher by about 4% and

futures are trading over 0.2% lower. Today's afternoon earnings announcements include: Resourcesnnection Reports Q2 EPS $0.11 vs $0.12 Est; Revenues $145M vs $146.99M Est; Sonic Reports Q1 EPS $0.10 vs $0.09 Est; Revenues $128.3M vs $129.87M Est; The Mosaic Reports Q2 EPS $1.40 vs $1.30 Est; Revenues $3.01B vs $2.54B Est. In corporate news, Repros Therapeutics

announced that

. HollyFrontier Corp

announced that

. US Auto Parts Network

announced that

. Today's Movers include:

This concludes your news summary for January 4, 2012.