The following economic data was released during the session:

  • Dallas Fed Manufacturing Activity for July 2012 was released in the US; the result was -13.2 sliding 19 compared to the last data point (5.8) , which was lower than the consensus estimate of 2.0.

Headline Indices

The Dow Jones Industrial Average finished the session at 13,073.01 points, a change of -2.65 points (-0.02%) for the session.

The session high was 13,128.64 points, while the low was down at 13,042.85 points.

Total volume traded in the 30 components of the index was 420.81m shares. Decliners outpaced gainers by 1.6 to one, with 18 decliners to 11 advancers. Declining volume was greater than advancing volume by 321m to 87.18m shares. The main decliners (in percentage terms) were –

  • JPMorganChase (JPM) -0.75 (2%) to $36.14 on volume of 26.62m shares;
  • Hewlett-Packard (HPQ) -0.305 (1.6%) to $18.26 on volume of 10.65m shares;
  • General Motors (GM) -0.31 (1.6%) to $19.36 on volume of 3.78m shares;
  • Merck (MRK) -0.615 (1.4%) to $44.48 on volume of 12.28m shares; and
  • Intel (INTC) -0.26 (1%) to $25.76 on volume of 25.6m shares.

 

The S&P500 Index dropped 0.67 points (0.05%) to 1385.30 points..

Total volume traded in the 500 components of the index was 1.98bn shares. Decliners outpaced gainers by 1.1 to one, with 234 decliners to 204 advancers. Declining volume was greater than advancing volume by 1.06bn to 898.99m shares. The main decliners (in percentage terms) were –

  • Citrix Systems (CTXS) -4.56 (5.9%) to $73.25 on volume of 5.68m shares;
  • Loews Corp. (L) -2.16 (5.2%) to $39.54 on volume of 2.52m shares;
  • Avon Products (AVP) -0.72 (4.5%) to $15.45 on volume of 5.8m shares;
  • MEMC Electronic Materials (WFR) -0.08 (4.2%) to $1.82 on volume of 1.98m shares; and
  • Apollo Group (APOL) -1.17 (4.1%) to $27.22 on volume of 1.79m shares.

The Nasdaq Composite dipped 12.25 points (0.41%) to 2945.84 points. while the Nasdaq100 dropped 4.91 points (0.19%) to 2642.12 points..

Total volume traded in the 100 components of the index was 475.65m shares. Decliners outpaced gainers by 2.3 to one, with 63 decliners to 27 advancers. Declining volume was greater than advancing volume by 308.13m to 167.52m shares. The main decliners (in percentage terms) were –

  • Citrix Systems (CTXS) -4.56 (5.9%) to $73.25 on volume of 5.68m shares;
  • Apollo Group (APOL) -1.17 (4.1%) to $27.22 on volume of 1.79m shares;
  • Check Point Software Technologies (CHKP) -2 (4%) to $48.32 on volume of 2.86m shares;
  • NII Holdings (NIHD) -0.28 (4%) to $6.79 on volume of 5.97m shares; and
  • Sears Holdings (SHLD) -1.89 (3.6%) to $49.96 on volume of 0.41m shares.

Volatility

The CBOE Volatility Index added +1.33 points (7.96%) to 18.03 points. and the CBOE Nasdaq100 Volatility Index gained +1.26 points (6.78%) to 19.84 points..

Breadth and Internals

A total of 3171 issues traded today on the NYSE; today’s total volume was 2.93bn shares. A total of 1505 stocks posted gains for the day, and volume in advancing issues totalled 1.52bn shares. Exerting downwards pressure on the index were 1571 losers, which accounted for a total declining volume of 1.38bn shares. 189 stocks made new 1-year highs on the NYSE, while 19 shares plumbed new 52-week depths.

On the Nasdaq 2595 tickers traded today; total Nasdaq volume was 1.45bn shares. A total of 888 stocks posted gains for the day, with aggregate volume of 0.48bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 1595 losers, and total declining volume was 0.96bn shares. 66 Nasdaq-listed stocks hit new 52-week highs, while 49 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 1385.30 -0.67 -0.05%
Nasdaq Composite 2945.84 -12.25 -0.41%
Nasdaq100 2642.12 -4.91 -0.19%
CBOE Volatility Index 18.03 +1.33 7.96%
CBOE Nasdaq100 Volatility Index 19.84 +1.26 6.78%

Dow Darlings

  • Coca-Cola (KO) +1.11 (1.4%) to $81.12 on volume of 7.3m units
  • United Technologies (UTX) +0.69 (0.9%) to $74.97 on volume of 3.9m units
  • AT&T (T) +0.29 (0.8%) to $37.43 on volume of 24m units
  • Wal-Mart (WMT) +0.46 (0.6%) to $74.98 on volume of 8.3m units
  • Chevron (CVX) +0.56 (0.5%) to $109.82 on volume of 5m units

Dow Duds:

  • JPMorganChase (JPM) -0.75 (2%) to $36.14 on volume of 26.6m units
  • Hewlett-Packard (HPQ) -0.305 (1.6%) to $18.26 on volume of 10.6m units
  • Merck (MRK) -0.615 (1.4%) to $44.48 on volume of 12.3m units
  • Intel (INTC) -0.26 (1%) to $25.76 on volume of 25.6m units
  • Boeing (BA) -0.65 (0.9%) to $74.86 on volume of 4.4m units

Most Traded Dow stocks:

  • Bank Of America (BAC)-0.03 (0.4%) to $7.28 on volume of 72.9m units
  • General Electric (GE)-0.12 (0.6%) to $20.8 on volume of 42.5m units
  • Microsoft (MSFT)-0.115 (0.4%) to $29.64 on volume of 28.7m units
  • Pfizer (PFE)-0.115 (0.5%) to $23.71 on volume of 27.3m units
  • JPMorganChase (JPM)-0.75 (2%) to $36.14 on volume of 26.6m units
Precious Metals

Precio us metals futures performed as follows –

Precious Metals Futures
Commodity Close Gain(Loss) %
Gold 1624 1.3 0.08
Silver 28.033 0.535 1.95
Palladium 588.35 16.5 2.89
Platinum 1411.8 3.6 0.26

The Gold Bugs index (XAU) rose 2.02 points (1.33%) to 153.82 points. Total volume traded in the 16 components of the index was 52.15m shares. Advancers outpaced decliners by 15 to one, with 15 advancers to 1 decliners. Advancing volume exceeded declining volume by 48.49m to 3.66m shares. The biggest gainers (percentage-wise) were –

  • Silver Stand Resources (SSRI) +0.37 (2.9%) to $13.07 on volume of 0.78m shares;
  • Pan-American Silver (PAAS) +0.39 (2.7%) to $14.7 on volume of 1.21m shares;
  • Agnico Eagle Mines (AEM) +1.15 (2.7%) to $44.31 on volume of 1.84m shares;
  • Barrick Gold (ABX) +0.71 (2.2%) to $33.06 on volume of 8.07m shares; and
  • Silver Wheaton (SLW) +0.58 (2.1%) to $28.06 on volume of 2.85m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 89.78 -0.35 -0.39
Heating Oil 2.8814 -0.0091 -0.31
Natural Gas 3.214 0.199 6.6
Gasoline RBOB 2.8184 0.0217 0.78

The Oil Services index (OSX) slid 3.64 points (1.62%) to 221.5 points. Total volume traded in the 15 components of the index was 48.92m shares. Advancers outpaced decliners by 2.7 to one, with 8 advancers to 3 decliners. Advancing volume exceeded declining volume by 27.2m to 17.87m shares. The main decliners (in percentage terms) were –

  • Schlumberger (SLB) -0.42 (0.6%) to $72.54 on volume of 5.72m shares;
  • Cameron International (CAM) -0.24 (0.5%) to $5158 on volume of 3.04m shares; and
  • Halliburton (HAL) -0.07 (0.2%) to $33.55 on volume of 9.11m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 82.89 0.125 0.15
Euro FX 1.2269 -0.0048 -0.39

Bellwethers

The nine-stock group that makes up the Rant bellwethers declined on average by 0.1%. The fallout occurred as follows:

  • General Electric (GE) -0.12 (0.57%) to $20.80 on volume of 42.52m units.
  • Citigroup (C) -0.16 (0.59%) to $27.14 on volume of 25.2m units.
  • Wal-Mart (WMT) +0.46 (0.62%) to $74.98 on volume of 8.29m units.
  • IBM (IBM) +0.29 (0.15%) to $196.68 on volume of 2.47m units.
  • Intel (INTC) -0.26 (1%) to $25.76 on volume of 25.6m units.
  • Cisco Systems (CSCO) +0.18 (1.15%) to $15.87 on volume of 36.21m units.
  • Google (GOOG) -2.66 (0.42%) to $632.30 on volume of 2.13m 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) fell 0.38 points (0.8 2%) to 45.72 points. Total volume traded in the 24 components of the index was 210.11m shares. Decliners outpaced gainers by 4.3 to one, with 17 decliners to 4 advancers. Declining volume was greater than advancing volume by 195.45m to 14.66m shares. The main decliners (in percentage terms) were –

  • BB&T Corp (BBT) -0.69 (2.1%) to $31.71 on volume of 4.83m shares;
  • JPMorganChase (JPM) -0.75 (2%) to $36.14 on volume of 26.62m shares;
  • Fifth Third Bancorp (FITB) -0.215 (1.5%) to $14.02 on volume of 8.12m shares;
  • Keycorp (KEY) -0.115 (1.4%) to $8.06 on volume of 5.58m shares; and
  • Huntington Bancshares (HBAN) -0.085 (1.3%) to $6.31 on volume of 5.85m shares.

The Semiconductor index (SOX) dropped 3.62 points (0.94%) to 380.61 points. Total volume traded in the 18 components of the index was 127.46m shares. Decliners outpaced gainers by 2.2 to one, with 11 decliners to 5 advancers. Declining volume was greater than advancing vol ume by 107.19m to 20.27m shares. The main decliners (in percentage terms) were –

  • Sandisk (SNDK) -1.27 (3%) to $41.17 on volume of 5.73m shares;
  • Micron Technology (MU) -0.165 (2.6%) to $6.11 on volume of 27.41m shares;
  • Marvell Technology (MRVL) -0.285 (2.5%) to $11.33 on volume of 7.15m shares;
  • Altera (ALTR) -0.83 (2.3%) to $35.21 on volume of 2.97m shares; and
  • Teradyne (TER) -0.34 (2.3%) to $14.63 on volume of 3.59m shares.

The ChildKiller (“Defence”) index (DFX) dipped 1.64 points (0.43%) to 377.6 points. Total volume traded in the 17 components of the index was 63.78m shares. Decliners outpaced gainers by 1.7 to one, with 10 decliners to 6 advancers. Declining volume was greater than advancing volume by 55.28m to 8.51m shares. The main decliners (in percentage terms) were –

  • Teledyne Tech (TDY) -2.04 (3.2%) to $61.53 on volume of 0.27m shares;
  • FLIRr Systems (FLIR) -0.37 (1.8%) to $20.48 on volume o f 2.17m shares;
  • Esterline Tech (ESL) -0.93 (1.5%) to $59.18 on volume of 0.06m shares;
  • ITT Corporation (ITT) -0.27 (1.4%) to $18.63 on volume of 1m shares; and
  • Lockheed Martin (LMT) -1.12 (1.2%) to $89.08 on volume of 1.29m shares.