USRant for Monday, December 28th

There was no economic data of note released in the region today.

Headline Indices

The Dow Jones Industrial Average advanced +26.98 points (0.26%) to 10547.08 points. The index high for the day was 10551.61, while the low was 10506.34.

Total volume traded in the 30 components of the index was 731.45m shares. Advancers outpaced decliners by 2.1 to one, with 19 advancers to 9 decliners. Advancing volume exceeded declining volume by 591.05m to 136.65m shares. The biggest gainers (percentage-wise) were –

  • AIG (AIG) +1.38 (4.6%) to $31.5 on volume of 15.54m shares;
  • IBM (IBM) +1.74 (1.3%) to $132.31 on volume of 5.73m shares;
  • Citigroup (C) +0.04 (1.2%) to $3.39 on volume of 332.8m shares;
  • 3M Co (MMM) +0.9 (1.1%) to $83.45 on volume of 2.23m shares; and
  • Du Pont (DD) +0.28 (0.8%) to $33.7 on volume of 3.75m shares.

The S&P500 Index rose +1.30 points (0.12%) to 1127.78 points..

Total volume traded in the 500 components of the index was 2.29bn shares. Decliners outpaced gainers by 1.1 to one, with 245 decliners to 219 advancers; however advancing volume exceeded declining volume by 1.36bn shares to 890.65m. The biggest gainers (percentage-wise) were –

  • Federal Home Loan Mtg. (FRE) +0.34 (27%) to $1.6 on volume of 88.49m shares;
  • Fannie Mae (FNM) +0.22 (21%) to $1.27 on volume of 143.3m shares;
  • American Int’l. Group (AIG) +1.38 (4.6%) to $31.5 on volume of 15.54m shares;
  • Apollo Group (APOL) +2.36 (4%) to $61.63 on volume of 2.94m shares; and
  • IAC/InterActive Corp. (IACI) +0.54 (2.7%) to $20.33 on volume of 1.19m shares.

The Nasdaq Composite gained +5.39 points (0.24%) to 2291.08 points. while the Nasdaq100 gained +8.34 points (0.45%) to 1878.18 points..

Total volume traded in the 100 components of the index was 399.13m shares. Advancers outpaced decliners by 1.1 to one, with 50 advancers to 47 decliners. Advancing volume exceeded declining volume by 215.56m to 182.92m shares. The biggest gainers (percentage-wise) were –

  • Apollo Group (APOL) +2.36 (4%) to $61.63 on volume of 2.94m shares;
  • IAC/InterActiveCorp (IACI) +0.54 (2.7%) to $20.33 on volume of 1.19m shares;
  • Genzyme (GENZ) +1.11 (2.3%) to $49.61 on volume of 2m shares;
  • Research in Motion (RIMM) +1.41 (2.1%) to $68.33 on volume of 10.88m shares; and
  • Sirius Satellite Radio (SIRI) +0.0123 (2.1%) to $06001 on volume of 18.04m shares.

Volatility

The CBOE Volatility Index dipped 0.24 points (1.22%) to 19.47 points. and the CBOE Nasdaq100 Volatility Index dropped 0 points (0%) to 19.47 points..

Breadth and Internals

A total of 3917 issues traded today on the NYSE; today’s total volume was 3.08bn shares. A total of 1964 stocks posted gains for the day, and volume in advancing issues totalled 1.74bn shares. Exerting downwards pressure on the index were 1799 losers, which accounted for a total declining volume of 1.29bn shares. 504 stocks made new 1-year highs on the NYSE, while 73 shares plumbed new 52-week depths.

On the Nasdaq 2864 tickers traded today; total Nasdaq volume was 1.21bn shares. A total of 1213 stocks posted gains for the day, with aggregate volume of 0.59bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 1510 losers, and total declining volume was 0.6bn shares. 213 Nasdaq-listed stocks hit new 52-week highs, while 19 shares dipped to new 1-year lows.

Major Market Statistics
Index Close Gain(Loss) %
Dow Jones Industrial Average 10547.08+26.980.26%
S&P500 Index 1127.78+1.300.12%
Nasdaq Composite 2291.08+5.390.24%
Nasdaq100 1878.18+8.340.45%
CBOE Volatility Index 19.47-0.24-1.22%
CBOE Nasdaq100 Volatility Index 19.470.000%

Dow Darlings

  • 3M Co (MMM) +0.9 (1.1%) to $83.45 on volume of 2.2m units
  • Wal-Mart (WMT) +0.38 (0.7%) to $53.98 on volume of 7.3m units
  • Exxon-Mobil (XOM) +0.42 (0.6%) to $69.08 on volume of 19.5m units
  • Microsoft (MSFT) +0.17 (0.5%) to $31.17 on volume of 25m units
  • Johnson & Johnson (JNJ) +0.24 (0.4%) to $64.94 on volume of 5.5m units

Dow Duds:

  • American Express (AXP) -0.63 (1.5%) to $41.05 on volume of 5.1m units
  • Alcoa (AA) -0.24 (1.5%) to $16.1 on volume of 18.9m units
  • Disney Corp (DIS) -0.38 (1.2%) to $31.91 on volume of 7.9m units
  • JPMorganChase (JPM) -0.17 (0.4%) to $41.72 on volume of 12.8m units
  • Hewlett-Packard (HPQ) -0.11 (0.2%) to $52.76 on volume of 11m units

Most Traded Dow stocks:

  • Bank Of America (BAC) +0.04 (0.3%) to $15.29 on volume of 102m units
  • Intel (INTC)-0.03 (0.1%) to $20.3 on volume of 26.9m units
  • Microsoft (MSFT) +0.17 (0.5%) to $31.17 on volume of 25m units
  • Exxon-Mobil (XOM) +0.42 (0.6%) to $69.08 on volume of 19.5m units
  • Pfizer (PFE) +0.03 (0.2%) to $18.63 on volume of 19.2m units
Precious Metals

Precious metals futures performed as follows –

Index
Precious Metals Futures
Close Gain(Loss) %
Gold 1107.9 3.1 0.28
Gold 1107.3 2.5 0.23
Silver 17.56 0.12 0.69
Silver 17.54 0.1 0.57
Palladium 388.85 -0.8 -0.21
Palladium 392.25 2.6 0.67
Platinum 1489.7 15.7 1.07
Platinum 1489.2 15.2 1.03

The Gold Bugs index (XAU) dropped 0.72 points (0.42%) to 171.29 points. Total volume traded in the 16 components of the index was 45.3m shares. Decliners outpaced gainers by 7 to one, with 14 decliners to 2 advancers. Declining volume was greater than advancing volume by 37.45m to 7.85m shares. The main decliners (in percentage terms) were –

  • Agnico Eagle Mines (AEM) -0.78 (1.4%) to $54.37 on volume of 1.41m shares;
  • GoldCorp (GG) -0.55 (1.4%) to $39.95 on volume of 4.56m shares;
  • Kinroos Gold (KGC) -0.24 (1.3%) to $18.53 on volume of 2.45m shares;
  • Royal Gold (RGLD) -0.62 (1.3%) to $48.23 on volume of 0.21m shares; and
  • Coeur d’Alene (CDE) -0.19 (1%) to $18.39 on volume of 1.67m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 78.77 0.72 0.92
Crude Oil 78.6 0.55 0.7
Heating Oil 2.0931 0.0369 1.79
Heating Oil 2.096 0.0398 1.94
Natural Gas 5.965 0.279 4.91
Natural Gas 5.965 0.279 4.91
Gasoline RBOB 2.0371 0.0265 1.32
Gasoline RBOB 2.0379 0.0273 1.36

The Oil Services index (OSX) advanced 0.97 points (0.49%) to 198.22 points. Total volume traded in the 15 components of the index was 37.76m shares. Advancers outpaced decliners by 2.8 to one, with 11 advancers to 4 decliners. Advancing volume exceeded declining volume by 23.9m to 13.85m shares. The biggest gainers (percentage-wise) were –

  • Rowan Co (RDC) +0.33 (1.4%) to $23.78 on volume of 1.89m shares;
  • Oceaneering International (OII) +0.56 (0.9%) to $59.56 on volume of 0.3m shares;
  • Transocean Inc (RIG) +0.69 (0.8%) to $85 on volume of 2.66m shares;
  • National Oilwell Varco (NOV) +0.29 (0.6%) to $45.26 on volume of 2.34m shares; and
  • Cameron International (CAM) +0.27 (0.6%) to $42.31 on volume of 1.86m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 78 -0.175 -0.22
Euro FX 1.438 0.0027 0.19
Australian Dollar 0.8799 0.0029 0.33
Canadian Dollar 0.9589 0.0061 0.64
Japanese Yen 0.010921 6e-06 0.05
New Zealand Dollar 0.7041 0.0019 0.27

Bellwethers

The nine-stock group that makes up the Rant bellwethers advanced on average by 5.7%. The fallout occurred as follows:

  • General Electric (GE) -0.1 (0.65%) to $15.34 on volume of 45.32m units.
  • Citigroup (C) +0.04 (1.19%) to $3.39 on volume of 332.8m units.
  • Wal-Mart (WMT) +0.38 (0.71%) to $53.98 on volume of 7.26m units.
  • IBM (IBM) +1.74 (1.33%) to $132.31 on volume of 5.73m units.
  • Intel (INTC) -0.03 (0.15%) to $20.30 on volume of 26.94m units.
  • Cisco Systems (CSCO) +0.12 (0.5%) to $24.08 on volume of 19.89m units.
  • Google (GOOG) +4.39 (0.71%) to $622.87 on volume of 1.68m units.
  • Fannie Mae (FNM) +0.22 (20.95%) to $1.27 on volume of 143.3m units.
  • Freddie Mac (FRE) +0.34 (26.98%) to $1.60 on volume of 88.49m units.
Other Indices of Interest…

The Banks index (BKX) lost 0.32 points (0.74%) to 43.02 points. Total volume traded in the 24 components of the index was 534.81m shares. Decliners outpaced gainers by 3.4 to one, with 17 decliners to 5 advancers; however advancing volume exceeded declining volume by 437.71m shares to 97.1m. The main decliners (in percentage terms) were –

  • Fifth Third Bancorp (FITB) -0.26 (2.5%) to $9.97 on volume of 6.78m shares;
  • Keycorp (KEY) -0.12 (2.1%) to $5.64 on volume of 6.14m shares;
  • New M&I Corporation (MI) -0.1 (1.8%) to $5.45 on volume of 4.11m shares;
  • Regions Financial (RF) -0.08 (1.5%) to $5.35 on volume of 9.01m shares; and
  • State Street (STT) -0.62 (1.4%) to $44.37 on volume of 2.8m shares.

The Semiconductor index (SOX) was unchanged at 0 points. Total volume traded in the 18 components of the index was 140.56m shares. Decliners outpaced gainers by 7.5 to one, with 15 decliners to 2 advancers. Declining volume was greater than advancing volume by 137m to 3.56m 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 –

  • Broadcom (BRCM) -0.57 (1.8%) to $31.62 on volume of 3.4m shares;
  • Sandisk (SNDK) -0.51 (1.7%) to $29.62 on volume of 16.94m shares;
  • KLA-Tencor Cp (KLAC) -0.61 (1.6%) to $36.79 on volume of 1.79m shares;
  • Altera (ALTR) -0.31 (1.3%) to $22.83 on volume of 2.68m shares; and
  • Texas Instruments (TXN) -0.34 (1.3%) to $25.49 on volume of 8.71m shares.

The ChildKiller (“Defence”) index (DFX) added 0.33 points (0.1%) to 339.04 points. Total volume traded in the 17 components of the index was 59.55m shares. Advancers outpaced decliners by 1.3 to one, with 9 advancers to 7 decliners; however declining volume was greater than advancing volume by 49.33m to 10.22m shares. The biggest gainers (percentage-wise) were –

  • Northrop Grummanl (NOC) +0.79 (1.4%) to $56.83 on volume of 1.41m shares;
  • L-3 Holdings (LLL) +1.17 (1.4%) to $86.8 on volume of 0.71m shares;
  • Embraer Empresa (ERJ) +0.25 (1.1%) to $22 on volume of 0.31m shares;
  • Raytheon (RTN) +0.54 (1%) to $52.79 on volume of 2m shares; and
  • FLIRr Systems (FLIR) +0.29 (0.9%) to $32.53 on volume of 0.73m shares.

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