USRant for Wednesday, November 11th
There was no economic data of note released in the region today.
Headline Indices
The Dow Jones Industrial Average gained +44.29 points (0.43%) to 10291.26 points. The index high for the day was 10341.97, while the low was 10246.14.
Total volume traded in the 30 components of the index was 997.74m shares. Advancers outpaced decliners by 3.8 to one, with 23 advancers to 6 decliners. Advancing volume exceeded declining volume by 602.34m to 395.4m shares. The biggest gainers (percentage-wise) were –- Bank Of America (BAC) +0.4 (2.5%) to $16.43 on volume of 183.72m shares;
- Home Depot (HD) +0.49 (1.8%) to $27.31 on volume of 18.14m shares;
- Intel (INTC) +0.34 (1.7%) to $19.84 on volume of 58.19m shares;
- Wal-Mart (WMT) +0.66 (1.3%) to $52.97 on volume of 22.85m shares; and
- Du Pont (DD) +0.35 (1%) to $34.11 on volume of 4.75m shares.
The S&P500 Index advanced +5.50 points (0.5%) to 1098.51 points..
Total volume traded in the 500 components of the index was 3.35bn shares. Advancers outpaced decliners by 2.2 to one, with 322 advancers to 147 decliners. Advancing volume exceeded declining volume by 2.17bn to 1.16bn shares. The biggest gainers (percentage-wise) were –- Pulte HomesInc. (PHM) +0.77 (8.1%) to $10.23 on volume of 14.2m shares;
- KB Home (KBH) +0.98 (6.7%) to $15.66 on volume of 7.19m shares;
- MBIA Inc. (MBI) +0.23 (6.5%) to $3.75 on volume of 20.05m shares;
- Developers Diversified Rlty (DDR) +0.51 (6%) to $9.02 on volume of 4.84m shares; and
- Lennar Corp. (LEN) +0.82 (5.7%) to $15.12 on volume of 7.01m shares.
The Nasdaq Composite added +15.82 points (0.74%) to 2166.90 points. while the Nasdaq100 advanced +9.78 points (0.55%) to 1782.95 points..
Total volume traded in the 100 components of the index was 663.95m shares. Advancers outpaced decliners by 2.9 to one, with 72 advancers to 25 decliners. Advancing volume exceeded declining volume by 568.99m to 93.74m shares. The biggest gainers (percentage-wise) were –- UAL (UAUA) +0.6 (9%) to $7.3 on volume of 12.07m shares;
- Sun Microsystems (JAVA) +0.32 (3.9%) to $8.47 on volume of 24.65m shares;
- Wynn Resorts (WYNN) +2.49 (3.9%) to $66.58 on volume of 5.05m shares;
- Infosys Technologies (INFY) +1.45 (3%) to $49.68 on volume of 1.98m shares; and
- NVIDIA (NVDA) +0.37 (2.8%) to $13.5 on volume of 21.65m shares.
Volatility
The CBOE Volatility Index gained +0.17 points (0.74%) to 23.01 points. and the CBOE Nasdaq100 Volatility Index lost 0.36 points (1.54%) to 23.03 points..
Breadth and Internals
A total of 3212 issues traded today on the NYSE; today’s total volume was 4.34bn shares. A total of 1960 stocks posted gains for the day, and volume in advancing issues totalled 2.81bn shares. Exerting downwards pressure on the index were 1173 losers, which accounted for a total declining volume of 1.51bn shares. 286 stocks made new 1-year highs on the NYSE, while 38 shares plumbed new 52-week depths.
On the Nasdaq 2813 tickers traded today; total Nasdaq volume was 1.78bn shares. A total of 1676 stocks posted gains for the day, with aggregate volume of 1.29bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 1014 losers, and total declining volume was 0.47bn shares. 119 Nasdaq-listed stocks hit new 52-week highs, while 37 shares dipped to new 1-year lows.
| Major Market Statistics | |||
| Index | Close | Gain(Loss) | % |
| Dow Jones Industrial Average | 10291.26 | +44.29 | 0.43% |
| S&P500 Index | 1098.51 | +5.50 | 0.5% |
| Nasdaq Composite | 2166.90 | +15.82 | 0.74% |
| Nasdaq100 | 1782.95 | +9.78 | 0.55% |
| CBOE Volatility Index | 23.01 | +0.17 | 0.74% |
| CBOE Nasdaq100 Volatility Index | 23.03 | -0.36 | -1.54% |
Dow Darlings
- Bank Of America (BAC) +0.4 (2.5%) to $16.43 on volume of 183.7m units
- Home Depot (HD) +0.49 (1.8%) to $27.31 on volume of 18.1m units
- Intel (INTC) +0.34 (1.7%) to $19.84 on volume of 58.2m units
- Wal-Mart (WMT) +0.66 (1.3%) to $52.97 on volume of 22.9m units
- Du Pont (DD) +0.35 (1%) to $34.11 on volume of 4.7m units
Dow Duds:
- Merck (MRK) -0.39 (1.2%) to $33.22 on volume of 17m units
- Johnson & Johnson (JNJ) -0.36 (0.6%) to $60.87 on volume of 10.8m units
- Alcoa (AA) -0.04 (0.3%) to $13.43 on volume of 21.1m units
- 3M Co (MMM) -0.03 (0%) to $77.96 on volume of 2.7m units
Most Traded Dow stocks:
- Bank Of America (BAC) +0.4 (25%) to $16.43 on volume of 183.7m units
- General Electric (GE) +0.05 (0.3%) to $15.83 on volume of 68.2m units
- Intel (INTC) +0.34 (1.7%) to $19.84 on volume of 58.2m units
- Microsoft (MSFT) +0.11 (0.4%) to $29.12 on volume of 49.2m units
- Pfizer (PFE) +0.06 (0.3%) to $17.62 on volume of 34.6m units
Precious Metals
Precious metals futures performed as follows –
| Precious Metals Futures | ||||
| Close | Gain(Loss) | % | ||
|---|---|---|---|---|
| Gold | 1114.6 | 12.1 | 1.1 | |
| Gold | 1118.2 | 15.7 | 1.42 | |
| Silver | 17.537 | 0.315 | 1.83 | |
| Silver | 17.615 | 0.393 | 2.28 | |
| Palladium | 345.4 | 10.2 | 3.04 | |
| Palladium | 345.75 | 10.55 | 3.15 | |
| Platinum | 1369.6 | 18.4 | 1.36 | |
| Platinum | 1376 | 24.8 | 1.84 | |
The Gold Bugs index (XAU) advanced 1.03 points (0.57%) to 182.21 points. Total volume traded in the 16 components of the index was 105.58m shares. Advancers outpaced decliners by 4.3 to one, with 13 advancers to 3 decliners. Advancing volume exceeded declining volume by 89.31m to 16.28m shares. The biggest gainers (percentage-wise) were –
- Silver Stand Resources (SSRI) +0.81 (4.1%) to $20.4 on volume of 1.51m shares;
- RandGold Resources (GOLD) +2.3 (2.9%) to $80.9 on volume of 1.58m shares;
- Coeur d’Alene (CDE) +0.59 (2.7%) to $22.2 on volume of 3.67m shares;
- Pan-American Silver (PAAS) +0.56 (2.4%) to $24.16 on volume of 2.98m shares; and
- Silver Wheaton (SLW) +0.32 (2.1%) to $15.29 on volume of 8.13m shares.
Energy Complex
Energy futures performed as follows –
| Energy Futures | ||||
| Commodity | Close | Gain(Loss) | % | |
|---|---|---|---|---|
| Crude Oil | 79.92 | 0.28 | 0.35 | |
| Crude Oil | 79.9 | 0.26 | 0.33 | |
| Heating Oil | 2.0903 | 0.0036 | 0.17 | |
| Heating Oil | 2.0886 | 0.0019 | 0.09 | |
| Natural Gas | 4.901 | 0.04 | 0.82 | |
| Natural Gas | 4.895 | 0.034 | 0.7 | |
| Gasoline RBOB | 2.0188 | 0.0137 | 0.68 | |
| Gasoline RBOB | 2.0237 | 0.0186 | 0.93 | |
The Oil Services index (OSX) rose 2.05 points (1.03%) to 202.01 points. Total volume traded in the 15 components of the index was 60.01m shares. Advancers outpaced decliners by 4 to one, with 12 advancers to 3 decliners. Advancing volume exceeded declining volume by 47.16m to 12.86m shares. The biggest gainers (percentage-wise) were –
- Noble Corp (NE) +0.82 (1.9%) to $43.74 on volume of 3.77m shares;
- Baker Hughes (BHI) +0.72 (1.7%) to $43.22 on volume of 4.15m shares;
- Transocean Inc (RIG) +1.33 (1.5%) to $89.83 on volume of 3.74m shares;
- BJ Services (BJS) +0.26 (1.3%) to $19.71 on volume of 3.49m shares; and
- Tidewater (TDW) +0.58 (1.3%) to $45.85 on volume of 0.75m shares.
Currency Futures
Currency futures performed as follows –
| Currency Futures | ||||
| Index | Close | Gain(Loss) | % | |
|---|---|---|---|---|
| U.S. Dollar Index | 75.185 | 0.075 | 0.1 | |
| Euro FX | 1.4962 | -0.0017 | -0.11 | |
| Australian Dollar | 0.926 | -0.0015 | -0.16 | |
| Canadian Dollar | 0.9557 | 0.0026 | 0.27 | |
| Japanese Yen | 0.011125 | -1.8e-05 | -0.16 | |
| New Zealand Dollar | 0.7381 | -0.0032 | -0.43 | |
Bellwethers
The nine-stock group that makes up the Rant bellwethers advanced on average by 0.2%. The fallout occurred as follows:
- General Electric (GE) +0.05 (0.32%) to $15.83 on volume of 68.23m units.
- Citigroup (C) -0.02 (0.48%) to $4.16 on volume of 315.13m units.
- Wal-Mart (WMT) +0.66 (1.26%) to $52.97 on volume of 22.85m units.
- IBM (IBM) +0.28 (0.22%) to $127.19 on volume of 6.38m units.
- Intel (INTC) +0.34 (1.74%) to $19.84 on volume of 58.19m units.
- Cisco Systems (CSCO) +0.27 (1.14%) to $23.92 on volume of 38.48m units.
- Google (GOOG) +3.80 (0.67%) to $570.56 on volume of 2.25m units.
- Fannie Mae (FNM) -0.01 (0.97%) to $1.02 on volume of 19.11m units.
- Freddie Mac (FRE) -0.02 (1.67%) to $1.18 on volume of 9.9m units.
Other Indices of Interest…
The Banks index (BKX) advanced 0.49 points (1.12%) to 44.22 points. Total volume traded in the 24 components of the index was 703.19m shares. Advancers outpaced decliners by 2.7 to one, with 16 advancers to 6 decliners; however declining volume was greater than advancing volume by 362.16m to 341.02m shares. The biggest gainers (percentage-wise) were –
- Suntrust Banks (STI) +0.78 (3.8%) to $21.07 on volume of 6.9m shares;
- Fifth Third Bancorp (FITB) +0.31 (3.3%) to $9.73 on volume of 13.96m shares;
- New M&I Corporation (MI) +0.14 (2.7%) to $5.37 on volume of 9.34m shares;
- Bank Of America (BAC) +0.4 (2.5%) to $16.43 on volume of 183.72m shares; and
- Wells Fargo (WFC) +0.7 (2.5%) to $28.8 on volume of 38.5m shares.
The Semiconductor index (SOX) was unchanged at 0 points. Total volume traded in the 18 components of the index was 234.96m shares. Advancers outpaced decliners by 7.5 to one, with 15 advancers to 2 decliners. Advancing volume exceeded declining volume by 221.49m to 13.47m 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 –
- Taiwan Semiconductor (TSM) +0.43 (4.3%) to $10.45 on volume of 34.89m shares;
- Advanced Micro Devices (AMD) +0.18 (3.5%) to $5.32 on volume of 24.26m shares;
- ST Microelectronic (STM) +0.27 (3.2%) to $8.69 on volume of 2.61m shares;
- Altera (ALTR) +0.41 (2%) to $20.88 on volume of 6.76m shares; and
- Applied Materials (AMAT) +025 (1.9%) to $13.25 on volume of 33.51m shares.
The ChildKiller (“Defence”) index (DFX) gained 1.29 points (0.4%) to 326.97 points. Total volume traded in the 17 components of the index was 89.51m shares. Advancers outpaced decliners by 4.3 to one, with 13 advancers to 3 decliners. Advancing volume exceeded declining volume by 87.65m to 1.86m shares. The biggest gainers (percentage-wise) were –
- Northrop Grummanl (NOC) +0.86 (1.6%) to $54.82 on volume of 2.3m shares;
- Raytheon (RTN) +0.49 (1%) to $48.85 on volume of 2.8m shares;
- L-3 Holdings (LLL) +0.67 (0.9%) to $77.61 on volume of 0.77m shares;
- Rockwell Collins (COL) +0.39 (0.7%) to $52.6 on volume of 0.56m shares; and
- Boeing (BA) +0.36 (0.7%) to $50.68 on volume of 3.37m shares.
