NYSEThe following economic data was released during the session:

  • Leading Indicators for November 2010 was released in the US; the series posted a reading of 1.1% an increase of 0.7 from the prior reading of 0.4% , in line with the market’s pre-release guess of 1.1%.

Headline Indices

The Dow Jones Industrial Average declined 7.34 points (0.06%) to 11491.91 points. The index high for the day was 11503.18, while the low was 11451.00.

Total volume traded in the 30 components of the index was 1.45bn shares. Advancers and decliners were split evenly, 15 decliners to 15 advancers. Advancing volume exceeded declining volume by 1.04bn shares to 413.74m. 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 –

  • Citigroup (C) +0.1135 (2.5%) to $4.7 on volume of 668.11m shares;
  • American Express (AXP) -0.56 (1.3%) to $44.01 on volume of 16.53m shares;
  • General Motors (GM) +0.39 (1.2%) to $34 on volume of 28.7m shares;
  • Pfizer (PFE) -0.19 (1.1%) to $17.03 on volume of 50.35m shares; and
  • Boeing (BA) +0.63 (1%) to $65.03 on volume of 7.54m shares.

The S&P500 Index gained +1.04 points (0.08%) to 1243.91 points..

Total volume traded in the 500 components of the index was 4.37bn shares. Advancers outpaced decliners by 1.4 to one, with 271 advancers to 188 decliners. Advancing volume exceeded declining volume by 2.77bn to 1.55bn shares. The biggest gainers (percentage-wise) were –

  • Marshall & Ilsley Corp. (MI) +1.06 (18.3%) to $6.85 on volume of 180.16m shares;
  • Allegheny Technologies Inc (ATI) +3.85 (7.2%) to $57.62 on volume of 3m shares;
  • Titanium Metals Corp (TIE) +1.06 (6.2%) to $18.08 on volume of 5.97m shares;
  • AK Steel Holding Corp. (AKS) +0.92 (6%) to $16.28 on volume of 18.8m shares; and
  • Boston Scientific (BSX) +0.43 (6%) to $7.65 on volume of 47.49m shares.

The Nasdaq Composite advanced +5.66 points (0.21%) to 2642.97 points. while the Nasdaq100 advanced +0.27 points (0.01%) to 2218.29 points..

Total volume traded in the 100 components of the index was 923.16m shares. Advancers outpaced decliners by 1.3 to one, with 55 advancers to 41 decliners. Advancing volume exceeded declining volume by 475.45m to 447.71m shares. The biggest gainers (percentage-wise) were –

  • Hansen Natural (HANS) +2.03 (4%) to $52.75 on volume of 1.81m shares;
  • Oracle (ORCL) +1.1925 (3.9%) to $31.4625 on volume of 89.79m shares;
  • Amylin Pharmaceuticals (AMLN) +0.55 (3.7%) to $15.23 on volume of 4.58m shares;
  • Cephalon (CEPH) +2.13 (3.4%) to $65.24 on volume of 3.1m shares; and
  • Expedia (EXPE) +0.85 (3.3%) to $26.83 on volume of 7.49m shares.

Volatility

The CBOE Volatility Index declined 1.28 points (7.36%) to 16.11 points. and the CBOE Nasdaq100 Volatility Index slid 0.94 points (5.15%) to 17.31 points..

Breadth and Internals

A total of 3944 issues traded today on the NYSE; today’s total volume was 5.57bn shares. A total of 2197 stocks posted gains for the day, and volume in advancing issues totalled 3.5bn shares. Exerting downwards pressure on the index were 1657 losers, which accounted for a total declining volume of 2bn shares. 305 stocks made new 1-year highs on the NYSE, while 35 shares plumbed new 52-week depths.

On the Nasdaq 2782 tickers traded today; total Nasdaq volume was 2.27bn shares. A total of 1385 stocks posted gains for the day, with aggregate volume of 1.28bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 1253 losers, and total declining volume was 0.95bn shares. 213 Nasdaq-listed stocks hit new 52-week highs, while 31 shares dipped to new 1-year lows.

Major Market Statistics
Index Close Gain(Loss) %
Dow Jones Industrial Average 11491.91 -7.34 -0.06%
S&P500 Index 1243.91 +1.04 0.08%
Nasdaq Composite 2642.97 +5.66 0.21%
Nasdaq100 2218.29 +0.27 0.01%
CBOE Volatility Index 16.11 -1.28 -7.36%
CBOE Nasdaq100 Volatility Index 17.31 -0.94 -5.15%

Dow Darlings

  • Boeing (BA) +0.63 (1%) to $65.03 on volume of 7.5m units
  • Du Pont (DD) +0.41 (0.8%) to $49.86 on volume of 7.5m units
  • Intel (INTC) +0.16 (0.8%) to $21.46 on volume of 51.4m units
  • Alcoa (AA) +0.1 (0.7%) to $14.56 on volume of 21.3m units
  • Coca-Cola (KO) +0.36 (0.6%) to $65.7 on volume of 13.7m units

Dow Duds:

  • American Express (AXP) -0.56 (1.3%) to $44.01 on volume of 16.5m units
  • Pfizer (PFE) -0.19 (1.1%) to $17.03 on volume of 50.4m units
  • Merck (MRK) -0.36 (1%) to $36.48 on volume of 17.3m units
  • JPMorganChase (JPM) -0.3425 (0.9%) to $39.67 on volume of 49m units
  • Caterpillar (CAT) -0.61 (0.7%) to $92.59 on volume of 5.7m units

Most Traded Dow stocks:

  • Bank Of America (BAC) +0.05 (0.4%) to $12.57 on volume of 149.2m units
  • Microsoft (MSFT)-0.085 (0.3%) to $27.9 on volume of 69m units
  • General Electric (GE)-0.07 (0.4%) to $17.7 on volume of 63.3m units
  • Intel (INTC) +0.16 (0.8%) to $21.46 on volume of 51.4m units
  • Pfizer (PFE)-0.19 (1.1%) to $17.03 on volume of 50.4m units
Precious Metals

Precious metals futures performed as follows –

Index
Precious Metals Futures
Close Gain(Loss) %
Gold 1376.2 5.2 0.38
Silver 29.19 0.408 1.42
Palladium 740.9 -1.65 -0.22
Platinum 1702 3.4 0.2

The Gold Bugs index (XAU) advanced 0.72 points (0.33%) to 219.01 points. Total volume traded in the 16 components of the index was 86.38m shares. Advancers and decliners were split evenly, 7 decliners to 7 advancers. Declining volume was greater than advancing volume by 39.6m to 37.2m shares. The biggest gainers (percentage-wise) were –

  • Kinroos Gold (KGC) +0.55 (3%) to $18.83 on volume of 18.2m shares;
  • Freeport McMoran (FCX) +2.27 (2%) to $113.71 on volume of 7.43m shares;
  • Royal Gold (RGLD) +0.64 (1.2%) to $53.72 on volume of 0.45m shares;
  • AngloGold Ashanti (AU) +0.31 (0.6%) to $48.23 on volume of 1.91m shares; and
  • Pan-American Silver (PAAS) +0.22 (0.6%) to $38.76 on volume of 1m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 88.62 0.22 0.25
Heating Oil 2.4858 0.0013 0.05
Natural Gas 4.095 0.018 0.44
Gasoline RBOB 2.316 0.0147 0.64

The Oil Services index (OSX) rose 1.25 points (0.53%) to 238.53 points. Total volume traded in the 15 components of the index was 63.31m shares. Advancers outpaced decliners by 1.2 to one, with 7 advancers to 6 decliners. Advancing volume exceeded declining volume by 39.43m to 23.88m shares. The biggest gainers (percentage-wise) were –

  • Weatherford International (WFT) +0.83 (3.9%) to $21.99 on volume of 15.83m shares;
  • Rowan Co (RDC) +0.6 (1.8%) to $3439 on volume of 2.46m shares;
  • Baker Hughes (BHI) +0.79 (1.4%) to $56.25 on volume of 4.61m shares;
  • National Oilwell Varco (NOV) +0.53 (0.8%) to $63.58 on volume of 4.09m shares; and
  • Oceaneering International (OII) +0.32 (0.4%) to $74.12 on volume of 0.62m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 80.755 0.206 0.26
Euro FX 1.3173 -0.0037 -0.28
Australian Dollar 0.9783 0.002 0.2
Canadian Dollar 0.9877 -0.0048 -0.48
Japanese Yen 0.011932 3.8e-05 0.32
New Zealand Dollar 0.7328 0 0

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) -0.07 (0.39%) to $17.70 on volume of 63.3m units.
  • Citigroup (C) +0.1135 (2.47%) to $4.70 on volume of 668.11m units.
  • Wal-Mart (WMT) -0.22 (0.4%) to $54.41 on volume of 18.73m units.
  • IBM (IBM) +0.45 (0.31%) to $145.00 on volume of 9.07m units.
  • Intel (INTC) +0.16 (0.75%) to $21.46 on volume of 51.4m units.
  • Cisco Systems (CSCO) -0.2 (1.01%) to $19.55 on volume of 98.06m units.
  • Google (GOOG) -0.91 (0.15%) to $590.80 on volume of 2.64m 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) advanced 0.6 points (1.21%) to 50.08 points. Total volume traded in the 24 components of the index was 1.26bn shares. Advancers outpaced decliners by 1.4 to one, with 13 advancers to 9 decliners. Advancing volume exceeded declining volume by 1.11bn to 148.89m shares. The biggest gainers (percentage-wise) were –

  • New M&I Corporation (MI) +1.06 (18.3%) to $6.85 on volume of 180.16m shares;
  • Suntrust Banks (STI) +1.18 (4.6%) to $27.04 on volume of 9.43m shares;
  • Keycorp (KEY) +0.33 (4.1%) to $8.42 on volume of 17.17m shares;
  • Citigroup Inc (C) +0.1135 (2.5%) to $4.7 on volume of 668.11m shares; and
  • Regions Financial (RF) +0.11 (1.8%) to $6.24 on volume of 39.56m shares.

The Semiconductor index (SOX) gained 2.73 points (0.67%) to 411.44 points. Total volume traded in the 18 components of the index was 232.85m shares. Advancers outpaced decliners by 1.8 to one, with 11 advancers to 6 decliners. Advancing volume exceeded declining volume by 192.95m to 39.91m shares. The biggest gainers (percentage-wise) were –

  • Taiwan Semiconductor (TSM) +0.37 (3%) to $12.69 on volume of 21.11m shares;
  • Micron Technology (MU) +0.16 (2%) to $8.21 on volume of 39.87m shares;
  • Applied Materials (AMAT) +0.235 (1.8%) to $13.61 on volume of 18.68m shares;
  • Marvell Technology (MRVL) +0.291 (1.6%) to $18.86 on volume of 19.3m shares; and
  • National Semiconductor (NSM) +0.17 (1.2%) to $13.8 on volume of 4.43m shares.

The ChildKiller (“Defence”) index (DFX) added 0.63 points (0.18%) to 360.24 points. Total volume traded in the 17 components of the index was 95.02m shares. Decliners outpaced gainers by 1.3 to one, with 9 decliners to 7 advancers. Declining volume was greater than advancing volume by 80.96m to 14.06m shares. The biggest gainers (percentage-wise) were –

  • ITT Corporation (ITT) +0.83 (1.6%) to $51.7 on volume of 2.41m shares;
  • FLIRr Systems (FLIR) +0.41 (1.5%) to $28.45 on volume of 1.97m shares;
  • Boeing (BA) +0.63 (1%) to $65.03 on volume of 7.54m shares;
  • Gencorp (GY) +0.05 (1%) to $5.22 on volume of 0.49m shares; and
  • Alliant Tech (ATK) +0.51 (0.7%) to $76.48 on volume of 0.42m shares.