End-of-Day Market Summary for October 25, 2011

This is your Benzinga news summary and traders' summary for Tuesday, October 25, 2011, covering headlines from Tuesday's trading session. Today at market close, the Dow Jones Index traded down about 207 points or 1.74%, the S&P 500 traded 2% lower, the Nasdaq Composite Index traded down 2.26%, and the U.S. dollar trades flat near the $76.43 level. Earlier today, Piper Jaffray upgraded JA Solar Holdings

to Overweight and HSBC Securities upgraded Royal Gold

to Overweight. View all of

. Citi downgraded Netflix

to Neutral and The Oxen Group downgraded NVR

to Hold. View all of

. Overseas, European markets ended their trading session lower. Britain's FTSE 100 decreased by 0.41%, Germany's DAX lost 0.14% and France's CAC 40 declined by 1.43% on the session. Asian stocks ended their session mixed. China's Shanghai Index gained 1.63%, Japan's Nikkei 225 declined by 0.92%, and the Hang Seng index increased by 1.05%. On the economic calendar, the consumer confidence number came in at 39.8 versus a 46.0 estimate; the House Price Index MoM came in at -0.1% versus a 0.2% estimate, and the Richmond Fed Manufacturing Index came in at -6 versus an estimate of 1. On the commodity front,

and

futures traded higher today, with gold trading about 3% higher today. Energy futures are mixed, with

up over 1.5% near the $92.75 level and

futures are trading lower by about 0.4%.

futures are higher by about 1.4% and

futures are trading over 1% lower. On the earnings front this morning, Novartis

Reported Q3 EPS $1.45 vs $1.45 Est; Revenues $14.8B vs $15.09B Est; El DuPont

Reported Q3 EPS $0.69 vs $0.56 Est; Revenues $9.2B vs $8.79B Est; Delta Air Lines

Reported Q3 EPS $0.91 vs $0.93 Est; Revenues $9.82B vs $9.73B Est; Xerox Corp

Reported Q3 EPS $0.26 vs $0.25 Est; Revenues $5.58B vs $5.59B Est. In corporate news, Novartis

announced that

. As part of a wider cost-cutting measure, Novartis will cut jobs and transfer research jobs from Switzerland to the US. Michael Baker Corporation

announced that

to develop architectural improvements to various airport facilities. American Electric Power

announced that

. He will also remain president of the company, and will take the CEO position when Michael Morris retires on November 11. Today's movers include:

This concludes your news summary for October 25, 2011.