USRant for Friday, November 20th
There was no economic data of note released in the region today.
Headline Indices
The Dow Jones Industrial Average dropped 14.28 points (0.14%) to 10318.16 points. The index high for the day was 10342.19, while the low was 10271.68.
Total volume traded in the 30 components of the index was 760.31m shares. Decliners outpaced gainers by 2.2 to one, with 20 decliners to 9 advancers. Declining volume was greater than advancing volume by 464.09m to 296.22m shares. The main decliners (in percentage terms) were –- AIG (AIG) -0.56 (1.6%) to $35.1 on volume of 5.9m shares;
- Citigroup (C) -0.06 (1.4%) to $4.2 on volume of 123.08m shares;
- Caterpillar (CAT) -0.66 (1.1%) to $57.95 on volume of 8.67m shares;
- General Electric (GE) -0.17 (1.1%) to $15.59 on volume of 63.55m shares; and
- 3M Co (MMM) -0.61 (0.8%) to $76.64 on volume of 2.92m shares.
The S&P500 Index dipped 3.52 points (0.32%) to 1091.38 points..
Total volume traded in the 500 components of the index was 3.15bn shares. Decliners outpaced gainers by 1.8 to one, with 299 decliners to 168 advancers. Declining volume was greater than advancing volume by 2.07bn to 1.06bn shares. The main decliners (in percentage terms) were –- D.R. Horton (DHI) -1.88 (15.3%) to $10.37 on volume of 35.86m shares;
- Dell Inc. (DELL) -1.58 (10%) to $14.29 on volume of 93.85m shares;
- MGIC Investment (MTG) -0.26 (5.9%) to $4.14 on volume of 3.26m shares;
- Nabors Industries Ltd. (NBR) -1.21 (5.8%) to $19.83 on volume of 10.39m shares; and
- Gannett Co. (GCI) -0.51 (4.7%) to $10.38 on volume of 4.22m shares.
The Nasdaq Composite fell 10.78 points (0.5%) to 2146.04 points. while the Nasdaq100 fell 8.8 points (0.5%) to 1764.39 points..
Total volume traded in the 100 components of the index was 723.71m shares. Decliners outpaced gainers by 2.9 to one, with 73 decliners to 25 advancers. Declining volume was greater than advancing volume by 578.2m to 145.51m shares. The main decliners (in percentage terms) were –- Dell (DELL) -1.58 (10%) to $14.29 on volume of 93.85m shares;
- Hologic (HOLX) -0.68 (4.5%) to $14.39 on volume of 9.77m shares;
- Liberty Global (LBTYA) -0.56 (2.7%) to $20.39 on volume of 1.97m shares;
- Amylin Pharmaceuticals (AMLN) -0.33 (2.6%) to $12.44 on volume of 1.36m shares; and
- Whole Foods Market (WFMI) -0.61 (2.3%) to $26.36 on volume of 2.34m shares.
Volatility
The CBOE Volatility Index lost 0.37 points (1.63%) to 22.26 points. and the CBOE Nasdaq100 Volatility Index lost 0.77 points (3.3%) to 22.53 points..
Breadth and Internals
A total of 3882 issues traded today on the NYSE; today’s total volume was 4.23bn shares. A total of 1493 stocks posted gains for the day, and volume in advancing issues totalled 1.6bn shares. Exerting downwards pressure on the index were 2251 losers, which accounted for a total declining volume of 2.6bn shares. 83 stocks made new 1-year highs on the NYSE, while 37 shares plumbed new 52-week depths.
On the Nasdaq 2821 tickers traded today; total Nasdaq volume was 1.91bn shares. A total of 1230 stocks posted gains for the day, with aggregate volume of 0.6bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 1460 losers, and total declining volume was 1.3bn shares. 45 Nasdaq-listed stocks hit new 52-week highs, while 27 shares dipped to new 1-year lows.
| Major Market Statistics | |||
| Index | Close | Gain(Loss) | % |
| Dow Jones Industrial Average | 10318.16 | -14.28 | -0.14% |
| S&P500 Index | 1091.38 | -3.52 | -0.32% |
| Nasdaq Composite | 2146.04 | -10.78 | -0.5% |
| Nasdaq100 | 1764.39 | -8.80 | -0.5% |
| CBOE Volatility Index | 22.26 | -0.37 | -1.63% |
| CBOE Nasdaq100 Volatility Index | 22.53 | -0.77 | -3.3% |
Dow Darlings
- Merck (MRK) +1.13 (3.2%) to $36.46 on volume of 36.3m units
- Pfizer (PFE) +0.25 (1.4%) to $18.36 on volume of 60.7m units
- Coca-Cola (KO) +0.6 (1.1%) to $57.48 on volume of 10.3m units
- McDonalds (MCD) +0.56 (0.9%) to $63.97 on volume of 8.8m units
- Johnson & Johnson (JNJ) +0.37 (0.6%) to $62.31 on volume of 16.2m units
Dow Duds:
- Caterpillar (CAT) -0.66 (1.1%) to $57.95 on volume of 8.7m units
- General Electric (GE) -0.17 (1.1%) to $15.59 on volume of 63.6m units
- 3M Co (MMM) -0.61 (0.8%) to $76.64 on volume of 2.9m units
- Chevron (CVX) -0.57 (0.7%) to $76.77 on volume of 10.5m units
- Alcoa (AA) -0.09 (0.7%) to $13.13 on volume of 22.2m units
Most Traded Dow stocks:
- Bank Of America (BAC) +0.01 (0.1%) to $16.09 on volume of 127.6m units
- General Electric (GE)-0.17 (1.1%) to $15.59 on volume of 63.6m units
- Pfizer (PFE) +0.25 (1.4%) to $18.36 on volume of 60.7m units
- Intel (INTC)-0.06 (0.3%) to $19.24 on volume of 47.4m units
- Microsoft (MSFT)-0.16 (0.5%) to $29.62 on volume of 41.2m units
Precious Metals
Precious metals futures performed as follows –
| Precious Metals Futures | ||||
| Close | Gain(Loss) | % | ||
|---|---|---|---|---|
| Gold | 1146.8 | 4.9 | 0.43 | |
| Gold | 1150.6 | 8.7 | 0.76 | |
| Silver | 18.44 | -0.015 | -0.08 | |
| Silver | 18.52 | 0.065 | 0.35 | |
| Palladium | 365.7 | -5.45 | -1.47 | |
| Palladium | 365.3 | -5.85 | -1.58 | |
| Platinum | 1441.9 | -2 | -0.14 | |
| Platinum | 1452.2 | 8.3 | 0.57 | |
The Gold Bugs index (XAU) dipped 1.57 points (0.84%) to 184.28 points. Total volume traded in the 16 components of the index was 81.35m shares. None of the 16 index components rose today: 16 stocks within the index fell, with downside volume of 81.35m shares. The main decliners (in percentage terms) were –
- Silver Wheaton (SLW) -0.28 (1.8%) to $15.59 on volume of 5.29m shares;
- Harmony Gold (HMY) -0.18 (1.7%) to $10.59 on volume of 2.43m shares;
- Kinroos Gold (KGC) -0.32 (1.6%) to $19.14 on volume of 6.3m shares;
- Coeur d’Alene (CDE) -0.37 (1.6%) to $22.35 on volume of 3.16m shares; and
- Silver Stand Resources (SSRI) -0.32 (1.5%) to $21.51 on volume of 0.96m shares.
Energy Complex
Energy futures performed as follows –
| Energy Futures | ||||
| Commodity | Close | Gain(Loss) | % | |
|---|---|---|---|---|
| Crude Oil | 77.47 | -0.58 | -0.74 | |
| Crude Oil | 77.75 | -0.3 | -0.38 | |
| Heating Oil | 2.013 | -0.0207 | -1.02 | |
| Heating Oil | 2.0192 | -0.0145 | -0.71 | |
| Natural Gas | 4.758 | 0.043 | 0.91 | |
| Natural Gas | 4.764 | 0.049 | 1.04 | |
| Gasoline RBOB | 2.0014 | 0.0041 | 0.21 | |
| Gasoline RBOB | 2.0055 | 0.0082 | 0.41 | |
The Oil Services index (OSX) slid 4.32 points (2.23%) to 188.99 points. Total volume traded in the 15 components of the index was 107.57m shares. Decliners outpaced gainers by 14 to one, with 14 decliners to 1 advancers. Declining volume was greater than advancing volume by 98.7m to 8.87m shares. The main decliners (in percentage terms) were –
- Nabors Industries (NBR) -1.21 (5.8%) to $19.83 on volume of 10.39m shares;
- Noble Corp (NE) -1.68 (4%) to $40.02 on volume of 16.11m shares;
- Rowan Co (RDC) -0.86 (3.4%) to $24.55 on volume of 5.28m shares;
- Weatherford International (WFT) -0.59 (3.4%) to $16.93 on volume of 19.45m shares; and
- Cameron International (CAM) -1.3 (3.4%) to $37.48 on volume of 4.03m shares.
Currency Futures
Currency futures performed as follows –
| Currency Futures | ||||
| Index | Close | Gain(Loss) | % | |
|---|---|---|---|---|
| U.S. Dollar Index | 75.67 | 0.3 | 0.4 | |
| Euro FX | 1.4855 | -0.0062 | -0.42 | |
| Australian Dollar | 0.9121 | -0.0048 | -0.52 | |
| Canadian Dollar | 0.9334 | -0.0078 | -0.83 | |
| Japanese Yen | 0.011242 | 5e-06 | 0.04 | |
| New Zealand Dollar | 0.7226 | -0.0072 | -0.99 | |
Bellwethers
The nine-stock group that makes up the Rant bellwethers declined on average by 0.9%. The fallout occurred as follows:
- General Electric (GE) -0.17 (1.08%) to $15.59 on volume of 63.55m units.
- Citigroup (C) -0.06 (1.41%) to $4.20 on volume of 123.09m units.
- Wal-Mart (WMT) -0.26 (0.48%) to $54.28 on volume of 14.47m units.
- IBM (IBM) -0.58 (0.45%) to $126.96 on volume of 5.29m units.
- Intel (INTC) -0.06 (0.31%) to $19.24 on volume of 47.39m units.
- Cisco Systems (CSCO) -0.22 (0.93%) to $23.46 on volume of 36.14m units.
- Google (GOOG) -3.026 (0.53%) to $569.964 on volume of 1.92m units.
- Fannie Mae (FNM) -0.01 (0.97%) to $1.02 on volume of 7.21m units.
- Freddie Mac (FRE) -0.02 (1.72%) to $1.14 on volume of 6.17m units.
Other Indices of Interest…
The Banks index (BKX) declined 0.11 points (0.25%) to 43.67 points. Total volume traded in the 24 components of the index was 467.56m shares. Decliners outpaced gainers by 2.5 to one, with 15 decliners to 6 advancers. Declining volume was greater than advancing volume by 282.5m to 183.19m shares. The main decliners (in percentage terms) were –
- State Street (STT) -0.89 (2.1%) to $40.8 on volume of 5.99m shares;
- Capital One Financial (COF) -0.64 (1.7%) to $37.7 on volume of 7.14m shares;
- Wells Fargo (WFC) -0.45 (1.6%) to $27.87 on volume of 40.83m shares;
- Keycorp (KEY) -0.09 (1.5%) to $5.73 on volume of 10.71m shares; and
- Zions Bancorp (ZION) -0.19 (1.5%) to $12.55 on volume of 3.9m shares.
The Semiconductor index (SOX) was unchanged at 0 points. Total volume traded in the 18 components of the index was 195.6m shares. Decliners outpaced gainers by 3.3 to one, with 13 decliners to 4 advancers. Declining volume was greater than advancing volume by 153.77m to 41.83m shares. The index’s rather boring situation arose as a result of a mixed bag of results, the most notable amongst these (in percentage terms) being –
- ST Microelectronic (STM) -0.33 (3.8%) to $8.31 on volume of 1.87m shares;
- Micron Technology (MU) +0.14 (2%) to $7.26 on volume of 22.84m shares;
- Applied Materials (AMAT) -0.2 (1.6%) to $12.28 on volume of 22.14m shares;
- Linear Technology (LLTC) -0.42 (1.6%) to $26.44 on volume of 3.69m shares; and
- Xilinx (XLNX) -0.33 (1.5%) to $22.28 on volume of 3.76m shares.
The ChildKiller (“Defence”) index (DFX) rose 1.21 points (0.37%) to 329.1 points. Total volume traded in the 17 components of the index was 87.21m shares. Advancers outpaced decliners by 2.2 to one, with 11 advancers to 5 decliners; however declining volume was greater than advancing volume by 70.09m to 17.12m shares. The biggest gainers (percentage-wise) were –
- Raytheon (RTN) +0.76 (1.5%) to $50.59 on volume of 2.97m shares;
- Rockwell Collins (COL) +0.74 (1.4%) to $53.08 on volume of 1.17m shares;
- Alliant Tech (ATK) +1.01 (1.2%) to $86.23 on volume of 0.44m shares;
- Lockheed Martin (LMT) +0.82 (1.1%) to $76.1 on volume of 2.77m shares; and
- Gencorp (GY) +0.08 (0.9%) to $8.79 on volume of 0.36m shares.
