The following economic data was released during the session:

  • Bank Canada Consumer Price Index Core y/y for May 2012 was released in Canada; the series posted a reading of 1.8% falling 0.3 compared to the last data point (2.1%) , which was lower than the market’s pre-release guess of 1.9%.
  • Bank Canada Consumer Price Index Core m/m for May 2012 was released in Canada; the outcome was 0.2% declining 0.2 compared to the last data point (0.4%) , which was lower than expectations of 0.3%.
  • Consumer Price Index m/m for May 2012 was released in Canada; the result was -0.1% falling 0.5 compared to the last data point (0.4%) , which was lower than expectations of 0.1%.
  • Consumer Price Index s.a. m/m for May 2012 was released in Canada; the result was -0.2% losing 0.4 compared to the last data point (0.2%) , in line with the consensus estimate of -0.2%.
  • Core CPI s.a. m/m for May 2012 was released in Canada; the series posted a reading of 0.0% sliding 0.4 compared to the last data point (0.4%) , which was lower than expectations of 0.2%.
  • Consumer Price Index for May 2012 was released in Canada; the result was 122.1 a drop of 0.1 compared to the last data point (122.2)

Headline Indices

The Dow Jones Industrial Average finished the session at 12,644.41 points, a change of +70.84 points (0.56%) for the session.

The session high was 12,674.08 points, while the low was down at 12,574.67 points.

Total volume traded in the 30 components of the index was 639.08m shares. Advancers outpaced decliners by 9 to one, with 27 advancers to 3 decliners. Advancing volume exceeded declining volume by 615.96m to 23.12m shares. The biggest gainers (percentage-wise) were –

  • Microsoft (MSFT) +0.565 (1.9%) to $30.7 on volume of 39.2m shares;
  • Merck (MRK) +0.73 (1.9%) to $40.18 on volume of 22.71m shares;
  • JPMorganChase (JPM) +0. 59 (1.7%) to $36.1 on volume of 33.02m shares;
  • Bank Of America (BAC) +0.12 (1.5%) to $7.94 on volume of 139.3m shares; and
  • Home Depot (HD) +0.76 (1.5%) to $52.02 on volume of 16.27m shares.

 

The S&P500 Index advanced +9.51 points (0.72%) to 1335.02 points..

Total volume traded in the 500 components of the index was 2.55bn shares. Advancers outpaced decliners by 3.3 to one, with 342 advancers to 104 decliners. Advancing volume exceeded declining volume by 2.05bn to 467.43m shares. The biggest gainers (percentage-wise) were –

  • AK Steel Holding Corp. (AKS) +0.31 (5.9%) to $5.55 on volume of 16m shares;
  • Supervalu Inc. (SVU) +0.27 (5.9%) to $4.88 on volume of 16.56m shares;
  • Southwestern Energy (SWN) +1.58 (5.8%) to $29.02 on volume of 10.01m shares;
  • MGIC Investment (MTG) +0.13 (4.9%) to $2.8 on volume of 2.38m shares; and
  • Cabot Oil & Gas (COG) +1.56 (4.5%) to $36.4 on volume of 4.66m shares.< /li>

The Nasdaq Composite added +33.33 points (1.17%) to 2892.42 points. while the Nasdaq100 advanced +28.57 points (1.12%) to 2585.53 points..

Total volume traded in the 100 components of the index was 522.98m shares. Advancers outpaced decliners by 9 to one, with 81 advancers to 9 decliners. Advancing volume exceeded declining volume by 494.02m to 28.95m shares. The biggest gainers (percentage-wise) were –

  • Focus Media Holding (FMCN) +1.1 (5.4%) to $21.5 on volume of 1.73m shares;
  • Vertex Pharmaceuticals (VRTX) +3.01 (5.2%) to $60.61 on volume of 2.42m shares;
  • Celgene (CELG) +2.155 (3.6%) to $61.6 on volume of 7.47m shares;
  • Citrix Systems (CTXS) +2.06 (2.6%) to $80.11 on volume of 1.35m shares; and
  • Xilinx (XLNX) +0.76 (2.4%) to $32.66 on volume of 2.52m shares.

Volatility

The CBOE Volatility Index declined 2.03 points (10.11%) to 18.05 points. and the CBOE Nasdaq100 Volatility Index declined 1.68 points (8.08%) to 19.10 points..

Breadth and Internals

A total of 3204 issues traded today on the NYSE; today’s total volume was 3.98bn shares. A total of 2119 stocks posted gains for the day, and volume in advancing issues totalled 2.71bn shares. Exerting downwards pressure on the index were 975 losers, which accounted for a total declining volume of 1.19bn shares. 45 stocks made new 1-year highs on the NYSE, while 39 shares plumbed new 52-week depths.

On the Nasdaq 2603 tickers traded today; total Nasdaq volume was 1.91bn shares. A total of 1751 stocks posted gains for the day, with aggregate volume of 1.49bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 755 losers, and total declining volume was 0.38bn shares. 75 Nasdaq-listed stocks hit new 52-week highs, while 53 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 1335.02 +9.51 0.72%
Nasdaq Composite 2892.42 +33.33 1.17%
Nasdaq100 2585.53 +28.57 1.12%
CBOE Volatility Index 18.05 -2.03 -10.11%
CBOE Nasdaq100 Volatility Index 19.10 -1.68 -8.08%

Dow Darlings

  • Microsoft (MSFT) +0.565 (1.9%) to $30.7 on volume of 39.2m units
  • Merck (MRK) +0.73 (1.9%) to $40.18 on volume of 22.7m units
  • JPMorganChase (JPM) +0.59 (1.7%) to $36.1 on volume of 33m units
  • Bank Of America (BAC) +0.12 (1.5%) to $7.94 on volume of 139.4m units
  • Home Depot (HD) +0.76 (1.5%) to $52.02 on volume of 16.3m units

Dow Duds:

  • Wal-Mart (WMT) -0.4 (0.6%) to $67.3 on volume of 10.1m units
  • Caterpillar (CAT) -0.02 (0%) to $84.96 on volume of 6.2m units

Most Traded Dow stocks:

  • Bank Of America (BAC) +0.12 (1.5%) to $7.94 on volume of 139.4m units
  • Intel (INTC) +0.225 (0.8%) to $26.94 on volume of 50.1m units
  • General Electric (GE) +0.28 (1.4%) to $19.81 on volume of 47.6m units
  • Microsoft (MSFT) +0.565 (1.9%) to $30.7 on volume of 39.2m units
  • Exxon-Mobil (XOM) +0.36 (0.4%) to $82.47 on volume of 33.1m units
Precious Metals

Precious metals futures performed as follows –

Precious Metals Futures
Commodity Close Gain(Loss) %
Gold 1566.9 1.4 0.09
Silver 26.724 -0.176 -0.65
Palladium 607.2 -1.35 -0.22
Platinum 1435.7 -7.9 -0.55

The Gold Bugs index (XAU) dropped 0.75 points (0.48%) to 156.29 points. Total volume traded in the 16 components of the index was 70.57m shares. Decliners outpaced gainers by 3 to one, with 12 decliners to 4 advancers. Declining volume was greater than advancing volume by 63.15m to 7.42m shares. The main decliners (in percentage terms) were –

  • Pan-American Silver (PAAS) -0.52 (2.9%) to $17.23 on volume of 1.99m shares;
  • Silver Stand Resources (SSRI) -0.28 (2.3%) to $11.64 on volume of 0.92m shares;
  • Freeport McMoran (FCX) -0.69 (2.1%) to $32.3 on volume of 23.08m shares;
  • AngloGold Ashanti (AU) -0.7 (2%) to $34.41 on volume of 1.49m shares; and
  • Harmony Gold (HMY) -0.17 (1.7%) to $9.64 on volume of 1.91m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 79.76 1.56 1.99
Heating Oil 2.532 0.0089 0.35
Natural Gas 2.695 0.05 1.89
Gasoline RBOB 2.4676 0.0156 0.64

The Oil Services index (OSX) lost 0.16 points (0.08%) to 192.72 points. Total volume traded in the 15 components of the index was 65.68m shares. Advancers outpaced decliners by 1.4 to one, with 7 advancers to 5 decliners; however declining volume was greater than advancing volume by 46.24m to 19.44m shares. The main decliners (in percentage terms) were –

  • Halliburton (HAL) -0.55 (1.9%) to $27.8 on volume of 18.08m shares;
  • National Oilwell Varco (NOV) -1.19 (1.9%) to $63.09 on volume of 6.25m shares;
  • Schlumberger (SLB) -0.99 (1.6%) to $61.57 on volume of 9.45m shares;
  • Weatherford International (WFT) -0.07 (0.6%) to $11.92 on volume of 7.82m shares; and
  • Cameron International (CAM) -0.09 (0.2%) to $41.11 on volume of 4.64m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 82.425 -0.063 -0.08
Euro FX 1.2572 0.0009 0.07

Bellwethers

The nine-stock group that makes up the Rant bellwethers advanced on average by 0.5%. The fallout occurred as follows:

  • General Electric (GE) +0.28 (1.43%) to $19.81 on volume of 47.62m units.
  • Citigroup (C) +0.16 (0.57%) to $27.99 on volume of 28.75m units.
  • Wal-Mart (WMT) -0.4 (0.59%) to $67.30 on volume of 10.12m units.
  • IBM (IBM) +0.31 (0.16%) to $193.70 on volume of 6.9m units.
  • Intel (INTC) +0.225 (0.84%) to $26.935 on volume of 50.09m units.
  • Cisco Systems (CSCO) +0.205 (1.21%) to $17.13 on volume of 37.87m units.
  • Google (GOOG) +6.27 (1.11%) to $571.48 on volume of 1.93m 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) rose 0.6 point s (1.35%) to 45.09 points. Total volume traded in the 24 components of the index was 311.25m shares. Advancers outpaced decliners by 9.5 to one, with 19 advancers to 2 decliners. Advancing volume exceeded declining volume by 302.53m to 8.72m shares. The biggest gainers (percentage-wise) were –

  • Regions Financial (RF) +0.17 (2.6%) to $6.68 on volume of 9.98m shares;
  • Keycorp (KEY) +0.15 (2%) to $7.62 on volume of 8.61m shares;
  • Suntrust Banks (STI) +0.41 (1.8%) to $23.02 on volume of 4.13m shares;
  • State Street (STT) +0.77 (1.8%) to $43.91 on volume of 3.93m shares; and
  • Fifth Third Bancorp (FITB) +0.225 (1.7%) to $13.265 on volume of 11.92m shares.

The Semiconductor index (SOX) added 5.94 points (1.59%) to 378.65 points. Total volume traded in the 18 components of the index was 157.67m shares. Not a single stock declined withinin the index: 15 of the 18 index components rose, with total upside volume of 156.22mshares. The biggest gainers (percentage-wise) were –

  • Xilinx (XLNX) +0.76 (2.4%) to $32.66 on volume of 2.52m shares;
  • Broadcom (BRCM) +0.78 (2.3%) to $34.38 on volume of 6.23m shares;
  • Taiwan Semiconductor (TSM) +0.255 (1.9%) to $13.83 on volume of 8.05m shares;
  • Micron Technology (MU) +0.095 (1.7%) to $5.74 on volume of 29.27m shares; and
  • Altera (ALTR) +0.55 (1.7%) to $33.4 on volume of 2.41m shares.

The ChildKiller (“Defence”) index (DFX) added 1.91 points (0.53%) to 365.37 points. Total volume traded in the 17 components of the index was 70.06m shares. Advancers outpaced decliners by 7 to one, with 14 advancers to 2 decliners. Advancing volume exceeded declining volume by 65.94m to 4.12m shares. The biggest gainers (percentage-wise) were –

  • Gencorp (GY) +0.17 (2.9%) to $6.1 on volume of 0.27m shares;
  • Alliant Tech (ATK) +0.92 (2%) to $48.09 on volume of 0.34m shares;
  • General Electric (GE) +0.28 (1.4%) t o $19.81 on volume of 47.6m shares;
  • Lockheed Martin (LMT) +0.98 (1.2%) to $85.35 on volume of 1.47m shares; and
  • L-3 Holdings (LLL) +0.78 (1.1%) to $73.21 on volume of 0.67m shares.