End-of-Day Market Summary for January 17, 2012

This is your Benzinga news summary for Tuesday, January 17, 2012, covering headlines from Tuesday's daytime trading session. Today at market close, the Dow Jones Index traded up about 60.16 points 0.48%, the S&P 500 traded 0.36% higher, the Nasdaq Composite Index traded up 0.64%, and the U.S. dollar trades slightly lower near the $81.40 level. Earlier today, Bank of America downgraded UDR

to Neutral and Goldman Sachs upgraded Tesla Motors

to Buy. View all of

. Piper Jaffray downgraded Convio

to Neutral and Miller Tabak downgraded First Midwest Bancorp

to Sell. View all of

. Overseas, European markets ended their trading session higher. Britain's FTSE 100 gained 0.65%, Germany's DAX increased by 1.82% and France's CAC 40 rallied by 1.4% on the session. Asian stocks ended their session higher. China's Shanghai Index rallied by 4.13%, Japan's Nikkei 225 increased by 1.05%, and the Hang Seng index gained 3.24%. On the economic calendar, Empire Manufacturing came in at 13.48 versus an estimate of 11. On the commodity front,

and

futures traded lower today, with gold trading about 0.2% lower today. Energy futures are mixed, with

up over 2.2% near the $100.85 level and

futures are trading higher by about 1.4%.

futures are lower by about 6.9% and

futures are trading over 0.3% lower. Today's afternoon earnings announcements included Cree Reports Q2 EPS $0.25 vs $0.26 Est; Revenues $304.10M vs $310.18M Est; Majesco Entertainment Reports Q4 EPS ($0.10) May Not Compare vs $0.04 Est; Revs $25.1M $26.9M Est. In corporate news, Tyler Technologies

announced that

. Terms of the transaction were undisclosed. HP

announced that

. XOMA

announced that

. Today's Movers include:

This concludes your news summary for January 17, 2012.