The following economic data was released during the session:

  • Full Time Employment Change for July 2012 was released in Canada; the outcome was 21.3K sliding 8 compared to the last data point (29.3K)
  • Part Time Employment Change for July 2012 was released in Canada; the outcome was -51.6K sliding 29.6 compared to the last data point (-22.0K)
  • Unemployment Rate for July 2012 was released in Canada; the outcome was 7.3% an increase of 0.1 from the prior reading of 7.2% – above the market’s pre-release guess of 7.2%.
  • Participation Rate for July 2012 was released in Canada; the result was 66.5 losing 0.2 compared to the last data point (66.7) , which was lower than the consensus estimate of 66.7.
  • Monthly Budget Statement for July 2012 was released in the US; the outcome was -$69.6B advancing 129.4 from the prior reading of -129.4B , in line with the market’s pre-release guess of -$93.0B.
  • Import Price Index m/m for July 2012 was released in the US; the series posted a reading of -0.6% rising 2.1 from the prior reading of -2.7% , which was lower than expectations of 0.2%.
  • Import Price Index y/y for July 2012 was released in the US; the result was -3.2% sliding 0.6 compared to the last data point (-2.6%) , which was lower than the consensus estimate of -2.5%.

Headline Indices

The Dow Jones Industrial Average finished the session at 13,207.95 points, a change of +42.76 points (0.32%) for the session.

The session high was 13,208.22 points, while the low was down at 13,094.96 points.

Total volume traded in the 30 components of the index was 351.37m shares. Advancers outpaced decliners by 2.8 to one, with 22 advancers to 8 decliners. Advancing volume exceeded declining volume by 280.94m to 70.43m shares. The biggest gainers (percentage-wise) were –

  • Hewlett-Packard (HPQ) +0.29 (1.5%) to $19.7 on volu me of 17.59m shares;
  • Alcoa (AA) +0.12 (1.4%) to $8.98 on volume of 18.04m shares;
  • McDonalds (MCD) +1.05 (1.2%) to $88.2 on volume of 5.59m shares;
  • United Technologies (UTX) +0.86 (1.1%) to $77.89 on volume of 2.51m shares; and
  • Du Pont (DD) +0.54 (1.1%) to $51.08 on volume of 4.34m shares.

 

The S&P500 Index rose +3.07 points (0.22%) to 1405.87 points..

Total volume traded in the 500 components of the index was 1.75bn shares. Advancers outpaced decliners by 1.9 to one, with 289 advancers to 154 decliners. Advancing volume exceeded declining volume by 1.1bn to 642.27m shares. The biggest gainers (percentage-wise) were –

  • Janus Capital Group (JNS) +0.78 (10.1%) to $8.47 on volume of 20.34m shares;
  • Harman Int’l Industries (HAR) +3.17 (7.5%) to $45.68 on volume of 1.9m shares;
  • Penney (J.C.) (JCP) +1.3 (5.9%) to $23.4 on volume of 48m shares;
  • GameStop Corp. (GME) +0.91 (5.4%) to $17.74 on volume of 4.54m shares; and
  • MGIC Investment (MTG) +0.05 (4.6%) to $1.13 on volume of 6.13m shares.

The Nasdaq Composite added +2.22 points (0.07%) to 3020.86 points. while the Nasdaq100 rose +3.35 points (0.12%) to 2722.96 points..

Total volume traded in the 100 components of the index was 617.25m shares. Advancers outpaced decliners by 1.7 to one, with 56 advancers to 33 decliners. Advancing volume exceeded declining volume by 372.99m to 244.26m shares. The biggest gainers (percentage-wise) were –

  • Leap Wireless International (LEAP) +0.49 (9.9%) to $5.45 on volume of 4.77m shares;
  • Level 3 Communications (LVLT) +1.76 (8.7%) to $21.94 on volume of 3.8m shares;
  • Focus Media Holding (FMCN) +1.65 (7.6%) to $23.38 on volume of 3.45m shares;
  • Research in Motion (RIMM) +0.49 (6.3%) to $8.29 on volume of 34.22m shares; and
  • Liberty Media (LINTA) +0.8034 (4.8%) to $17.52 on volume of 9.31m shares.

Volatility

The CBOE Volatility Index dipped 0.52 points (3.4%) to 14.76 points. and the CBOE Nasdaq100 Volatility Index declined 0.47 points (2.86%) to 15.94 points..

Breadth and Internals

A total of 3175 issues traded today on the NYSE; today’s total volume was 2.59bn shares. A total of 1652 stocks posted gains for the day, and volume in advancing issues totalled 1.59bn shares. Exerting downwards pressure on the index were 1402 losers, which accounted for a total declining volume of 0.97bn shares. 109 stocks made new 1-year highs on the NYSE, while 7 shares plumbed new 52-week depths.

On the Nasdaq 2579 tickers traded today; total Nasdaq volume was 1.57bn shares. A total of 1090 stocks posted gains for the day, with aggregate volume of 0.78bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 1378 losers, and total declining volume was 0.71bn shares. 48 Nasdaq-listed stocks hit new 52-week highs, while 38 sh ares dipped to new 1-year lows.

Major Market Statistics
Index Close Gain(Loss) %
Dow Jones Industrial Average 0.00 N/A 0%
S&P500 Index 1405.87 +3.07 0.22%
Nasdaq Composite 3020.86 +2.22 0.07%
Nasdaq100 2722.96 +3.35 0.12%
CBOE Volatility Index 14.76 -0.52 -3.4%
CBOE Nasdaq100 Volatility Index 15.94 -0.47 -2.86%

Dow Darlings

  • Hewlett-Packard (HPQ) +0.29 (1.5%) to $19.7 on volume of 17.6m units
  • Alcoa (AA) +0.12 (1.4%) to $8.98 on volume of 18m units
  • McDonalds (MCD) +1.05 (1.2%) to $88.2 on volume of 5.6m units
  • United Technologies (UTX) +0.86 (1.1%) to $77.89 on volume of 2.5m units
  • Du Pont (DD) +0.54 (1.1%) to $51.08 on volume of 4.3m units

Dow Duds:

  • American Express (AXP) -0.62 (1.1%) to $55.85 on volume of 6.1m units
  • Disney Corp (DIS) -0.31 (0.6%) to $49.65 on volume of 6.6m units
  • Coca-Cola (KO) -0.45 (0.6%) to $78.79 on volume of 9.9m units
  • Microsoft (MSFT) -0.08 (0.3%) to $30.42 on volume of 27.7m units
  • Wal-Mart (WMT) -0.17 (0.2%) to $73.68 on volume of 5.2m units

Most Traded Dow stocks:

  • Bank Of America (BAC) +0.02 (0.3%) to $7.74 on volume of 49.8m units
  • Microsoft (MSFT)-0.08 (0.3%) to $30.42 on volume of 27.7m units
  • Intel (INTC) +0.18 (0.7%) to $26.88 on volume of 24.8m units
  • General Electric (GE) +0.04 (0.2%) to $21.1 on volume of 23.5m units
  • Pfizer (PFE) +0.07 (0.3%) to $23.94 on volume of 19.3m units
Precious Metals

P recious metals futures performed as follows –

Precious Metals Futures
Commodity Close Gain(Loss) %
Gold 1622.8 2.6 0.16
Silver 28.062 -0.035 -0.12
Palladium 582.2 -4.5 -0.77
Platinum 1399.9 -12.9 -0.91

The Gold Bugs index (XAU) rose 0.93 points (0.59%) to 158.37 points. Total volume traded in the 16 components of the index was 55.99m shares. Advancers outpaced decliners by 4.3 to one, with 13 advancers to 3 decliners. Advancing volume exceeded declining volume by 52.84m to 3.15m shares. The biggest gainers (percentage-wise) were –

  • Coeur d’Alene (CDE) +0.46 (2.4%) to $19.95 on volume of 1.9m shares;
  • Kinroos Gold (KGC) +0.18 (2.2%) to $8.24 on volume of 8.95m shares;
  • AngloGold Ashanti (AU) +0.51 (1.5%) to $34.61 on volume of 1.05m shares;
  • Gold Fields Ltd (GFI) +0.18 (1.3%) to $13.8 on volume of 2.36m shares; and
  • Barrick Gold (ABX) +0.45 (1.3%) to $34.59 on volume of 7.37m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 93.83 -0.52 -0.55
Heating Oil 3.0205 -0.0245 -0.8
Natural Gas 2.77 -0.175 -5.94
Gasoline RBOB 3.0039 0.0031 0.1

The Oil Services index (OSX) gained 0.75 points (0.33%) to 228.88 points. Total volume traded in the 15 components of the index was 40.9m shares. Advancers outpaced decliners by 2 to one, with 8 advancers to 4 decliners. Advancing volume exceeded declining volume by 23.21m to 17.68m shares. The biggest gainers (percentage-wise) were –

  • Schlumberger (SLB) +1.02 (1.4%) to $75.35 on volume of 6.62m shares;
  • Tidewater (TDW) +0.37 (0.7%) to $50.2 on volume of 0.31m shares;
  • Cameron International (CAM) +0.34 (0.7%) to $52.29 on volume of 1m shares;
  • Baker Hughes (BHI) +0.26 (0.5%) to $48.69 on volume of 2.51m shares; and
  • National Oilwell Varco (NOV) +0.38 (0.5%) to $77.36 on volume of 1.82m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 82.625 -0.085 -0.1
Euro FX 1.2297 -0.0003 -0.02

Bellwethers

The nine-stock group that makes up the Rant bellwethers declined on average by 0%. The fallout occurred as follows:

  • General Electric (GE) +0.04 (0.19%) to $21.10 on volume of 23.54m units.
  • Citigroup (C) +0.04 (0.14%) to $28.90 on volume of 23.18m units.
  • Wal-Mart (WMT) -0.17 (0.23%) to $73.68 on volume of 5.19m units.
  • IBM (IBM) +0.87 (0.44%) to $199.29 on volume of 2.36m units.
  • Intel (INTC) +0.18 (0.67%) to $26.88 on volume of 24.84m units.
  • Cisco Systems (CSCO) -0.16 (0.9%) to $17.54 on volume of 38.2m units.
  • Google (GOOG) -0.35 (0.05%) to $642.00 on volume of 1.43m units.
  • Fannie Mae (FNM) -0 (0%) to $0.00 on volume of 0m units.
  • Freddie Mac (FRE) -0 (0%) to $0.00 on volume of 0m units.
Other Indices of Interest…

The Banks index (BKX) gained 0.03 points ( 0.06%) to 46.61 points. Total volume traded in the 24 components of the index was 150.36m shares. Advancers outpaced decliners by 1.6 to one, with 13 advancers to 8 decliners. Advancing volume exceeded declining volume by 131.95m to 18.41m shares. The biggest gainers (percentage-wise) were –

  • Huntington Bancshares (HBAN) +0.045 (0.7%) to $6.445 on volume of 5.79m shares;
  • Comerica Inc (CMA) +0.17 (0.6%) to $30.81 on volume of 0.91m shares;
  • Suntrust Banks (STI) +0.13 (0.5%) to $24.83 on volume of 3.63m shares;
  • Regions Financial (RF) +0.03 (0.4%) to $7 on volume of 8.33m shares; and
  • Washington Mutual (WM) +0.15 (0.4%) to $35.05 on volume of 1.22m shares.

The Semiconductor index (SOX) gained 1.98 points (0.49%) to 405.96 points. Total volume traded in the 18 components of the index was 114.97m shares. Advancers outpaced decliners by 3 to one, with 12 advancers to 4 decliners. Advancing volume exceeded declining volume by 7 9.51m to 35.46m shares. The biggest gainers (percentage-wise) were –

  • Broadcom (BRCM) +1.02 (3%) to $35.35 on volume of 11.25m shares;
  • National Semiconductor (NSM) +0.53 (2.1%) to $25.63 on volume of 0.51m shares;
  • ST Microelectronic (STM) +0.09 (1.5%) to $6.02 on volume of 1.19m shares;
  • Marvell Technology (MRVL) +0.17 (1.4%) to $12.11 on volume of 7.99m shares; and
  • Taiwan Semiconductor (TSM) +0.15 (1%) to $14.48 on volume of 12.23m shares.

The ChildKiller (“Defence”) index (DFX) dipped 0.05 points (0.01%) to 384.59 points. Total volume traded in the 17 components of the index was 37.24m shares. Advancers outpaced decliners by 3 to one, with 12 advancers to 4 decliners. Advancing volume exceeded declining volume by 33.15m to 4.08m shares. The main decliners (in percentage terms) were –

  • Alliant Tech (ATK) -1.78 (3.4%) to $50.16 on volume of 0.34m shares;
  • Rockwell Collins (COL) -0.36 (0.7%) to $49.95 on volume of 0.78m shares;
  • Boeing (BA) -0.07 (0.1%) to $74.21 on volume of 2.52m shares; and
  • L-3 Holdings (LLL) -0.02 (0%) to $70.39 on volume of 0.44m shares.