End-of-Day Market Summary for January 23, 2012

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This is your Benzinga news summary for Monday, January 23, 2012, covering headlines from Monday's daytime trading session. Today at market close, the Dow Jones Index traded down about 11.21 points or 0.09%, the S&P 500 traded 0.05% higher, the Nasdaq Composite Index traded down 0.09%, and the U.S. dollar trades slightly lower near the $79.85 level. Earlier today, Goldman Sachs upgraded Southwestern Energy
SWN
to Buy and Morgan Stanley upgraded Honda
HMC
to Outperform. JP Morgan downgraded AMAG Pharmaceuticals
AMAG
to Underweight and Stifel Nicolaus downgraded Procter & Gamble
PG
to Hold. Overseas, European markets ended their trading session lower. Britain's FTSE 100 lost 0.94%, Germany's DAX increased by 0.5% and France's CAC 40 tumbled by 0.51% on the session. Asian stocks ended their session higher. China's Shanghai Index rallied by 1.03%, Japan's Nikkei 225 broke even at 0%, and the Hang Seng index gained 0.84%. On the economic calendar, Richmond Fed Index will come in tomorrow morning at 10am. On the commodity front,
gold
and
silver
futures traded mixed today, with gold trading about 0.1% lower today. Energy futures are higher, with
crude oil
up over 1.5% near the $99.80 level and
gasoline
futures are trading higher by about 0.1%.
Natural Gas
futures are higher by about 9.8% and
copper
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futures are trading over 0.2% higher. Today's afternoon earnings announcements include VMWare Reports Q4 EPS $0.62 vs $0.60 Est; Revenues $1.06B vs $1.05B Est; Albemarle Reports Q4 EPS $1.11 vs $1.09 Est; Revenues $707.00M vs $698.43M Est; Polycom Reports Q4 EPS $0.41 May Not Compare to $0.29 Est; Revenues $407.00M vs $401.29M Est. In corporate news, InterDigital
IDCC
announced that
its Board of Directors concluded an investigation of strategic alternatives and is not pursuing anything currently.
. Volterra Semiconductor Corp
VLTR
announced that
CEO Stephen Smith has been appointed to the Board of Directors
. Integrated Electrical Services
IESC
stated that
it received a $20 million contract for a communications project
. This concludes your news summary for January 23, 2012.
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