End-of-Day Market Summary for January 18, 2012

This is your Benzinga news summary for Wednesday, January 18, 2012, covering headlines from Wednesday's daytime trading session. Today at market close, the Dow Jones Index traded up about 96.88 points 0.78%, the S&P 500 traded 1.11% higher, the Nasdaq Composite Index traded up 1.53%, and the U.S. dollar trades slightly lower near the $80.70 level. Earlier today, Morgan Stanley upgraded UBS
UBS
to Overweight and JP Morgan upgraded Belo
BLC
to Overweight. View all of
today's upgrades here
. Tudor Pickering downgraded Chevron
CVX
to Hold and Wedbush downgraded TransDigm
TDG
to Neutral. View all of
today's downgrades here
. Overseas, European markets ended their trading session mixed. Britain's FTSE 100 gained 0.15%, Germany's DAX increased by 0.34% and France's CAC 40 tumbled by 0.15% on the session. Asian stocks ended their session higher. China's Shanghai Index slid by 1.37%, Japan's Nikkei 225 increased by 0.99%, and the Hang Seng index gained 0.3%. On the economic calendar, MBA Mortgage Applications came in at 23.1% versus a prior number of 4.5%, PP MoM came in at -0.1% versus an estimate of 0.1%, PPI YoY came in at 4.8% versus an estimate of 5.1%, and Industrial Production came in at 0.4% versus an estimate of 0.5%. On the commodity front,
gold
and
silver
futures traded mixed today, with gold trading about 0.1% higher today. Energy futures are mixed, with
crude oil
up over 0.2% near the $100.90 level and
gasoline
futures are trading higher by about 2.2%.
Natural Gas
futures are lower by about 0.2% and
copper
futures are trading over 0.3% higher. Today's afternoon earnings announcements included eBay Reports Q4 EPS $0.60 vs $0.57 Est; Revenues $3.38B vs $3.32B Est; F5 Networks Reports Q1 EPS $1.03 vs $1.01 Est; Revenues $322.4M vs $319.03M Est; Plexus Reports Q1 EPS $0.51 vs $0.48 Est; Revenues $529.70M vs $527.80M Est; Kinder Morgan Energy Partners Reports Q4 EPS $0.51 May Not Compare vs $0.61 Est; Revenues $2.02B vs $2.38B Est. In corporate news, Myriad Genetics
MYGN
announced that
it has acquired the rights for the RAD51C gene
. This gene is implicated in breast and ovarian cancer. Vanguard Natural Resources
VNR
announced that
it will offer 7.14 common shares on the open equity markets in the near future
. ONEOK
OKE
announced that
it will increase its dividend from $0.56 per share to $0.61 per share
. Today's Movers include:

Net 1 UEPS Technologies UEPS +32.7% after one of its subsidiaries secured a new contract

Clovis Oncology CLVS +17% on low volume

Suntech Power Holdings STP +14.6% on heavy volume

Sunoco SUN -12.4% after spinning off division to SunCoke Energy

BancorpSouth BXS -10.7% on poor poor Q4 earnings

Genon Energy GEN -9.3% on intermittent volume

This concludes your news summary for January 18, 2012.
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