End-of-Day Market Summary for November 2, 2011

This is your Benzinga news summary and traders' summary for Wednesday, November 2, 2011, covering headlines from Wednesday's trading session. Today at market close, the Dow Jones Index traded up about 180.58 points or 1.55%, the S&P 500 traded 1.61% higher, the Nasdaq Composite Index traded up 1.27%, and the U.S. dollar trades flatly near the $77.30 level. Earlier today, Deutsche Bank upgraded Sohu.com SOHU to Buy and Citigroup upgraded FXCM FXCM to Neutral. View all of today's upgrades here. Credit Suisse downgraded Texas Roadhouse TXRH to Neutral and JP Morgan downgraded Corning Inc GLW to Underweight. View all of today's downgrades here. Overseas, European markets ended their trading session higher. Britain's FTSE 100 rallied by 1.15%, Germany's DAX gained 2.25% and France's CAC 40 increased by 1.38% on the session. Asian stocks ended their session mixed. China's Shanghai Index gained 1.39%, Japan's Nikkei 225 slid by 2.25%, and the Hang Seng index increased by 1.88%. On the economic calendar, MBA Mortgage Applications came in at 0.2% versus a prior number of 4.9%, ADP Employment Change came in at 110K versus an estimate of 100K, and the FOMC Rate Decision came in at 0.25%, matching estimates. On the commodity front, gold and silver futures traded higher today, with gold trading about 1.45% higher today. Energy futures are mixed, with crude oil up over 0.3% near the $92.45 level and gasoline futures are trading higher by about .1%. Natural Gas futures are lower by about 0.6% and copper futures are trading over 2.4% lower. On the earnings front this afternoon, WebMD WBMD Health Corp Reports Q3 EPS $0.24 vs $0.17 Est; Revenues $135.1M vs $135.94M Est; QUALCOMM QCOM Reports Q3 EPS $0.80 vs $0.78 Est; Revenues $4.12B vs $4.00B Est; News Corp NWSA Reports Q3 EPS $0.32 vs $0.29 Est; Revenues $7.96B vs $7.67B Est; Clearwire CLWR Reports Q3 EPS $(0.34) vs $(0.40) Est; Revenues $332.20M vs $327.03M Est. In corporate news, Siemens Healthcare Diagnostics SI and Illumina ILMN announced that they will be working together to develop genomic sequencing technologies for clinical, infectious diseases. They plan on focusing on diseases including AIDS. Innophos Holdings IPHS announced that it will be acquiring Kelatron Corporation for $21 million. The company plans diversify its product offerings via the deal. DuPont DD announced that has signed a technology contract with an Asian manufacturer to produce large AMOLED television displays. Today's movers include:

Noranda Aluminum Holding NOR +21.95% after declaring a supplemental cash dividend.

Sinclair Broadcast Group SBGI +17.81% on positive earnings and outlook.

Huntsman Corporation HUN on positive Q3 results.

This concludes your news summary for November 2, 2011.