The following economic data was released during the session:

  • Core Personal Consumption Expenditure q/q for December A 2012 was released in the US; the outcome was 1.8% sliding 0.4 compared to the last data point (2.2%) , in line with expectations of 1.8%.
  • Personal Consumption for December A 2012 was released in the US; the series posted a reading of 1.5% sliding 0.9 compared to the last data point (2.4%) – above the consensus estimate of 1.3%.
  • U. of Michigan Confidence for July F 2012 was released in the US; the outcome was 72.3 rising 0.3 from the prior reading of 72.0 – above the market’s pre-release guess of 72.0.
  • Gross Domestic Product Price Index for December A 2012 was released in the US; the series posted a reading of 1.6% losing 0.4 compared to the last data point (2.0%) – above expectations of 1.5%.

Headline Indices

The Dow Jones Industrial Average finished the session at 13 ,075.66 points, a change of +187.73 points (1.46%) for the session.

The session high was 13,117.74 points, while the low was down at 12,888.53 points.

Total volume traded in the 30 components of the index was 659.24m shares. Not a single stock declined withinin the index: 30 of the 30 index components rose, with total upside volume of 659.24mshares. The biggest gainers (percentage-wise) were –

  • Merck (MRK) +1.765 (4.1%) to $45.095 on volume of 24.02m shares;
  • Citigroup (C) +1.02 (3.9%) to $27.3 on volume of 48.39m shares;
  • Caterpillar (CAT) +2.86 (3.4%) to $86.16 on volume of 11.18m shares;
  • Alcoa (AA) +0.26 (3.2%) to $8.45 on volume of 24.53m shares; and
  • Hewlett-Packard (HPQ) +0.555 (3.1%) to $18.565 on volume of 16.16m shares.

 

The S&P500 Index added +25.95 points (1.91%) to 1385.97 points..

Total volume traded in the 500 components of the index was 2.75bn shares. Advancers outpaced decliners b y 30.6 to one, with 429 advancers to 14 decliners. Advancing volume exceeded declining volume by 2.62bn to 126.74m shares. The biggest gainers (percentage-wise) were –

  • Expedia Inc. (EXPE) +9.19 (20.1%) to $54.9 on volume of 17.44m shares;
  • MEMC Electronic Materials (WFR) +0.2 (11.8%) to $1.9 on volume of 2.95m shares;
  • Coventry Health Care Inc. (CVH) +3.35 (10.9%) to $34.07 on volume of 2.74m shares;
  • TellabsInc. (TLAB) +0.32 (10.6%) to $3.325 on volume of 10.07m shares; and
  • Tenet Healthcare Corp. (THC) +0.42 (9.5%) to $4.82 on volume of 6.99m shares.

The Nasdaq Composite added +64.84 points (2.24%) to 2958.09 points. while the Nasdaq100 added +62.18 points (2.41%) to 2647.03 points..

Total volume traded in the 100 components of the index was 679.76m shares. Advancers outpaced decliners by 29 to one, with 87 advancers to 3 decliners. Advancing volume exceeded declining volume by 632.44m to 47.32m shares. The biggest gainers (percentage-wise) were –

  • Expedia (EXPE) +9.19 (20.1%) to $54.9 on volume of 17.44m shares;
  • Leap Wireless International (LEAP) +0.56 (9.9%) to $6.2 on volume of 2.24m shares;
  • Amazon.com (AMZN) +17.31 (7.9%) to $237.32 on volume of 11.27m shares;
  • Gilead Sciences (GILD) +3.82 (7.4%) to $55.5 on volume of 13.97m shares; and
  • VeriSign (VRSN) +2.79 (6.5%) to $45.42 on volume of 4.43m shares.

Volatility

The CBOE Volatility Index lost 0.82 points (4.68%) to 16.71 points. and the CBOE Nasdaq100 Volatility Index dipped 1.42 points (7.06%) to 18.69 points..

Breadth and Internals

A total of 3179 issues traded today on the NYSE; today’s total volume was 3.94bn shares. A total of 2576 stocks posted gains for the day, and volume in advancing issues totalled 3.67bn shares. Exerting downwards pressure on the index were 526 losers, which accounted for a total declining volume of 0.23bn shares. 247 stocks made new 1-year highs on the NYSE, while 29 shares plumbed new 52-week depths.

On the Nasdaq 2580 tickers traded today; total Nasdaq volume was 2.04bn shares. A total of 1916 stocks posted gains for the day, with aggregate volume of 1.56bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 569 losers, and total declining volume was 0.47bn shares. 95 Nasdaq-listed stocks hit new 52-week highs, while 58 shares 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 1385.97 +25.95 1.91%
Nasdaq Composite 2958.09 +64.84 2.24%
Nasdaq100 2647.03 +62.18 2.41%
CBOE Volatility Index 16.71 -0.82 -4.68%
CBOE Nasdaq100 Volatility Index 18.69 -1.42 -7.06%

Dow Darlings

  • Merck (MRK) +1.765 (4.1%) to $45.1 on volume of 24m units
  • Caterpillar (CAT) +2.86 (3.4%) to $86.16 on volume of 11.2m units
  • Alcoa (AA) +0.26 (3.2%) to $8.45 on volume of 24.5m units
  • Hewlett-Packard (HPQ) +0.555 (3.1%) to $18.57 on volume of 16.2m units
  • JPMorganChase (JPM) +1.08 (3%) to $36.89 on volume of 44.6m units

Dow Duds:

    Most Traded Dow stocks:

    • Bank Of America (BAC) +0.14 (2%) to $7.31 on volume of 137.9m units
    • General Electric (GE) +0.36 (1.8%) to $20.92 on volume of 62.6m units
    • JPMorganChase (JPM) +1.08 (3%) to $36.89 on volume of 44.6m units
    • Microsoft (MSFT) +0.595 (2%) to $29.76 on volume of 43.9m units
    • AT&T (T) +0.84 (2.3%) to $37.14 on volume of 35.1m units
    Precious Metals

    Precious metals futures performed as follows –

    Precious Metals Futures
    Commodity Close Gain(Loss) %
    Gold 1622.7 2.9 0.18
    Silver 27.498 0.052 0.19
    Palladium 571.85 1.95 0.34
    Platinum 1408.2 2.6 0.18

    The Gold Bugs index (XAU) advanced 1.82 points (1.21%) to 151.8 points. Total volume traded in the 16 components of the index was 81.78m shares. Advancers outpaced decliners by 3 to one, with 12 advancers to 4 decliners. Advancing volume exceeded declining volume by 49.08m to 32.7m shares. The biggest gainers (percentage-wise) were –

    • Harmony Gold (HMY) +0.38 (3.9%) to $10.13 on volume of 1.65m shares;
    • Freeport McMoran (FCX) +1.16 (3.6%) to $33.47 on volume of 16.87m shares;
    • AngloGold Ashanti (AU) +1.06 (3.1%) to $34.76 on volume of 2.17m shares;
    • Royal Gold (RGLD) +2.22 (3%) to $75.55 on volume of 0.6m shares; and
    • Agnico Eagle Mines (AEM) +1.07 (2.5%) to $43.16 on volume of 2.73m shares.
    Energy Complex

    Energy futures performed as follows –

    Energy Futures
    Commodity Close Gain(Loss) %
    Crude Oil 90.13 0.74 0.83
    Heating Oil 2.8905 0.0211 0.74
    Natural Gas 3.015 -0.075 -2.43
    Gasoline RBOB 2.7967 0.0597 2.18

    The Oil Services index (OSX) advanced 5.85 points (2.67%) to 225.14 points. Total volume traded in the 15 components of the index was 77.49m shares. Not a single stock declined withinin the index: 12 of the 15 index components rose, with total upside volume of 77.49mshares. The biggest gainers (percentage-wise) were –

    • Weatherford International (WFT) +0.81 (6.9%) to $12.61 on volume of 15.81m shares;
    • Cameron International (CAM) +1.91 (3.8%) to $51.82 on volume of 6.73m shares;
    • Oceaneering International (OII) +1.68 (3.4%) to $51.65 on volume of 0.66m shares;
    • Halliburton (HAL) +1.06 (3.3%) to $33.62 on volume of 19.54m shares; and
    • Rowan Co (RDC) +1.09 (3.1%) to $35.79 on volume of 1.52m shares.
    Currency Futures

    Currency futures performed as follows –

    Currency Futures
    Index Close Gain(Loss) %
    U.S. Dollar Index 82.76 -0.099 -0.12
    Euro FX 1.2317 0.0024 0.2

    Bellwethers

    The nine-stock group that makes up the Rant bellwethers advanced on average by 1.7%. The fallout occurred as follows:

    • General Electric (GE) +0.36 (1.75%) to $20.92 on volume of 62.6m units.
    • Citigroup (C) +1.02 (3.88%) to $27.30 on volume of 48.39m units.
    • Wal-Mart (WMT) +0.85 (1.15%) to $74.52 on volume of 10.06m units.
    • IBM (IBM) +2.44 (1.26%) to $196.39 on volume of 3.75m units.
    • Intel (INTC) +0.52 (2.04%) to $26.02 on volume of 33m units.
    • Cisco Systems (CSCO) +0.31 (2.02%) to $15.69 on volume of 39.9m units.
    • Google (GOOG) +21.60 (3.52%) to $634.96 on volume of 3.52m 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 0.7 points ( 1.54%) to 46.1 points. Total volume traded in the 24 components of the index was 355.66m shares. Advancers outpaced decliners by 20 to one, with 20 advancers to 1 decliners. Advancing volume exceeded declining volume by 344.25m to 11.4m shares. The biggest gainers (percentage-wise) were –

    • Citigroup Inc (C) +1.02 (3.9%) to $27.3 on volume of 48.39m shares;
    • Washington Mutual (WM) +1.05 (3.2%) to $34.15 on volume of 5.89m shares;
    • JPMorganChase (JPM) +1.08 (3%) to $36.89 on volume of 44.59m shares;
    • Zions Bancorp (ZION) +0.4 (2.2%) to $18.48 on volume of 3.24m shares; and
    • Capital One Financial (COF) +1.24 (2.2%) to $57.6 on volume of 2.86m shares.

    The Semiconductor index (SOX) advanced 8.69 points (2.31%) to 384.23 points. Total volume traded in the 18 components of the index was 147.39m shares. Not a single stock declined withinin the index: 15 of the 18 index components rose, with total upside volume of 146.12mshares. Th e biggest gainers (percentage-wise) were –

    • ST Microelectronic (STM) +0.29 (5.8%) to $5.28 on volume of 1.77m shares;
    • Micron Technology (MU) +0.32 (5.4%) to $6.275 on volume of 23.68m shares;
    • Altera (ALTR) +1.3 (3.7%) to $36.04 on volume of 4.63m shares;
    • KLA-Tencor Cp (KLAC) +1.25 (2.5%) to $50.91 on volume of 2.69m shares; and
    • Applied Materials (AMAT) +0.255 (2.4%) to $10.895 on volume of 10.73m shares.

    The ChildKiller (“Defence”) index (DFX) advanced 6 points (1.61%) to 379.24 points. Total volume traded in the 17 components of the index was 87.39m shares. Not a single stock declined withinin the index: 16 of the 17 index components rose, with total upside volume of 87.39mshares. The biggest gainers (percentage-wise) were –

    • Teledyne Tech (TDY) +1.91 (3.1%) to $63.57 on volume of 0.23m shares;
    • Esterline Tech (ESL) +1.61 (2.8%) to $60.11 on volume of 0.08m shares;
    • Gencorp (GY) +0.21 (2.6%) to $8.34 on volume of 1.48m shares;
    • Alliant Tech (ATK) +1.03 (2.3%) to $45.67 on volume of 0.31m shares; and
    • Raytheon (RTN) +1.11 (2%) to $55.67 on volume of 2.15m shares.