End-of-Day Market Summary for January 6, 2012

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This is your Benzinga news summary for Friday, January 6, 2012, covering headlines from Thursday's daytime trading session. Today at market close, the Dow Jones Index traded down about 55.78 points or 0.45%, the S&P 500 traded 0.25% lower, the Nasdaq Composite Index traded up 0.16%, and the U.S. dollar trades slightly higher near the $80.60 level. Earlier today, Jefferies upgraded Regeneron Pharmaceuticals
REGN
to Buy and Macquarie upgraded SunTrust Banks
STI
to Outperform. View all of
today's upgrades here
. Jefferies downgraded Invesco Mortgage Capital
IVR
to Buy and JP Morgan downgraded Boyd Gaming Group
BYD
to Underweight. View all of
today's downgrades here
. Overseas, European markets ended their trading session mixed. Britain's FTSE 100 gained 0.45%, Germany's DAX decreased by 0.62% and France's CAC 40 tumbled by 0.24% on the session. Asian stocks ended their session mixed. China's Shanghai Index rallied by 0.7%, Japan's Nikkei 225 decreased by 1.16%, and the Hang Seng index lost 1.17%. On the economic calendar, Change in Nonfarm Payrolls came in at 200K versus an estimate of 155K and the Unemployment Rate came in at 8.5% versus an estimate of 8.7%. 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
up over 0.1% near the $101.75 level and
gasoline
futures are trading lower by about 0.9%.
Natural Gas
futures are higher by about 3% and
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copper
futures are trading over 0.1% lower. Today's afternoon earnings announcements included nothing major. In corporate news, Icahn Enterprises Holdings
IEP
announced that
it has sent a letter maintaining that it will continue the proxy fight for Commercial Metals CompanyCMC
. Lululemon
LULU
announced that
its chief innovation and branding officer will step down and maintain his position as the Chairman
. Integrated Electrical Services
IESC
announced that
Robert Lewey will take over as CFO
. This concludes your news summary for January 6, 2012.
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