The following economic data was released during the session:

  • International Securities Transactions for April 2012 was released in Canada; the outcome was 10.2B advancing 12.6 from the prior reading of -2.4B – above expectations of 5.0B.
  • NAHB Housing Market Index for June 2012 was released in the US; the series posted a reading of 29 a gain of 1 from the prior reading of 28 – above expectations of 28.

Headline Indices

The Dow Jones Industrial Average finished the session at 12,741.82 points, a change of -25.35 points (-0.20%) for the session.

The session high was 12,781.93 points, while the low was down at 12,696.18 points.

Total volume traded in the 30 components of the index was 561.08m shares. Decliners outpaced gainers by 2 to one, with 20 decliners to 10 advancers. Declining volume was greater than advancing volume by 427.05m to 134.03m shares. The main decliners (in percentage terms) were –

    < li>Hewlett-Packard (HPQ) -0.59 (2.7%) to $21.05 on volume of 21.05m shares;
  • Citigroup (C) -0.76 (2.7%) to $27.55 on volume of 32.49m shares;
  • Bank Of America (BAC) -0.14 (1.8%) to $7.76 on volume of 138.02m shares;
  • Alcoa (AA) -0.13 (1.5%) to $8.69 on volume of 13.83m shares; and
  • General Motors (GM) -0.31 (1.4%) to $21.43 on volume of 6.21m shares.

 

The S&P500 Index gained +1.94 points (0.14%) to 1344.78 points..

Total volume traded in the 500 components of the index was 2.17bn shares. Advancers outpaced decliners by 1.5 to one, with 267 advancers to 176 decliners; however declining volume was greater than advancing volume by 1.15bn to 1.01bn shares. The biggest gainers (percentage-wise) were –

  • TellabsInc. (TLAB) +0.21 (6.4%) to $3.5 on volume of 5.15m shares;
  • Tenet Healthcare Corp. (THC) +0.22 (4.8%) to $4.83 on volume of 9.13m shares;
  • eBay Inc. (EBAY) +1.82 (4.5%) to $42.49 on volume of 25.66m shares;
  • St Jude Medical (STJ) +1.51 (4.2%) to $37.06 on volume of 5.05m shares; and
  • Lennar Corp. (LEN) +1.07 (4.1%) to $26.97 on volume of 8.33m shares.

The Nasdaq Composite rose +22.53 points (0.78%) to 2895.33 points. while the Nasdaq100 advanced +21.29 points (0.83%) to 2592.52 points..

Total volume traded in the 100 components of the index was 511.69m shares. Advancers outpaced decliners by 3 to one, with 67 advancers to 22 decliners. Advancing volume exceeded declining volume by 310.64m to 198.14m shares. The biggest gainers (percentage-wise) were –

  • eBay (EBAY) +1.82 (4.5%) to $42.49 on volume of 25.66m shares;
  • Marvell Technology Group (MRVL) +0.48 (4.2%) to $12 on volume of 9.04m shares;
  • Virgin Media (VMED) +0.88 (3.9%) to $23.4 on volume of 5.19m shares;
  • PETsMART (PETM) +2.37 (3.6%) to $68.96 on volume of 1.94m shares; and
  • Starbucks (SBUX) +1.64 (3.1%) to $54.18 on volume of 7.84m shares.

Volatility

The CBOE Volatility Index dipped 2.86 points (13.55%) to 18.25 points. and the CBOE Nasdaq100 Volatility Index dipped 2.12 points (9.7%) to 19.74 points..

Breadth and Internals

A total of 3187 issues traded today on the NYSE; today’s total volume was 3.18bn shares. A total of 1801 stocks posted gains for the day, and volume in advancing issues totalled 1.53bn shares. Exerting downwards pressure on the index were 1290 losers, which accounted for a total declining volume of 1.62bn shares. 90 stocks made new 1-year highs on the NYSE, while 42 shares plumbed new 52-week depths.

On the Nasdaq 2607 tickers traded today; total Nasdaq volume was 1.51bn shares. A total of 1266 stocks posted gains for the day, with aggregate volume of 1bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 1248 losers, and total declining volume was 0.49bn shares. 87 Nasdaq-listed stocks hit new 52-week highs, while 44 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 1344.78 +1.94 0.14%
Nasdaq Composite 2895.33 +22.53 0.78%
Nasdaq100 2592.52 +21.29 0.83%
CBOE Volatility Index 18.25 -2.86 -13.55%
CBOE Nasdaq100 Volatility Index 19.74 -2.12 -9.7%

Dow Darlings

  • Home Depot (HD) +0.45 (0.9%) to $52.32 on volume of 11.5m units
  • United Technologies (UTX) +0.51 (0.7%) to $75 on volume of 3.2m units
  • Verizon (VZ) +0.27 (0.6%) to $43.82 on volume of 11.8m units
  • Wal-Mart (WMT) +0.37 (0.5%) to $68.12 on volume of 7.5m units
  • Johnson & Johnson (JNJ) +0.29 (0.4%) to $66.3 on volume of 24.6m units

Dow Duds:

  • Hewlett-Packard (HPQ) -0.59 (2.7%) to $21.05 on volume of 21.1m units
  • Bank Of America (BAC) -0.14 (1.8%) to $7.76 on volume of 138m units
  • Alcoa (AA) -0.13 (1.5%) to $8.69 on volume of 13.8m units
  • General Electric (GE) -0.25 (1.3%) to $19.75 on volume of 38.8m units
  • JPMorganChase (JPM) -0.41 (1.2%) to $34.62 on volume of 30.6m units

Most Traded Dow stocks:

  • Bank Of America (BAC)-0.14 (1.8%) to $7.76 on volume of 138m units
  • Microsoft (MSFT)-0.18 (0.6%) to $29.84 on volume of 54.7m units
  • General Electric (GE)-0.25 (1.3%) to $19.75 on volume of 38.8m units
  • JPMorganChase (JPM)-0.41 (1.2%) to $34.62 on volume of 30.6m units
  • Intel (INTC) +0.08 (0.3%) to $27.42 on volume of 27.9m units
Precious Metals

Precious metals futures performed as follows –

Precious Metals Futures
Commodity Close Gain(Loss) %
Gold 1627 -1.1 -0.07
Silver 28.671 -0.069 -0.24
Palladium 633.15 2.75 0.44
Platinum 1484.1 -3.1 -0.21

The Gold Bugs index (XAU) rose 3.01 points (1.83%) to 167.1 points. Total volume traded in the 16 components of the index was 72.24m shares. Advancers outpaced decliners by 7 to one, with 14 advancers to 2 decliners. Advancing volume exceeded declining volume by 58.6m to 13.65m shares. The biggest gainers (percentage-wise) were –

  • Kinroos Gold (KGC) +0.31 (3.5%) to $9.17 on volume of 12.36m shares;
  • Silver Stand Resources (SSRI) +0.39 (3.2%) to $12.74 on volume of 0.81m shares;
  • Silver Wheaton (SLW) +0.76 (2.7%) to $28.6 on volume of 4.94m shares;
  • Royal Gold (RGLD) +2 (2.6%) to $79.49 on volume of 1.21m shares; and
  • Yamana Gold (AUY) +0.33 (2.1%) to $16.35 on volume of 8.1m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 83.6 -0.73 -0.87
Heating Oil 2.6177 -0.0288 -1.09
Natural Gas 2.699 0.148 5.8
Gasoline RBOB 2.5865 -0.0392 -1.49

The Oil Services index (OSX) dipped 2.56 points (1.26%) to 200.72 points. Total volume traded in the 15 components of the index was 61.75m shares. Decliners outpaced gainers by 5 to one, with 10 decliners to 2 advancers. Declining volume was greater than advancing volume by 53.99m to 7.76m shares. The main decliners (in percentage terms) were –

  • Weatherford International (WFT) -0.53 (4.1%) to $12.41 on volume of 9.3m shares;
  • Noble Corp (NE) -0.63 (2%) to $30.94 on volume of 3.42m shares;
  • Cameron International (CAM) -0.87 (1.9%) to $43.88 on volume of 3.58m shares;
  • Baker Hughes (BHI) -0.77 (1.9%) to $39.61 on volume of 3.36m shares; and
  • Rowan Co (RDC) -0.57 (1.8%) to $30.85 on volume of 1.63m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 82.21 0.243 0.3
Euro FX 1.2591 -0.0056 -0.44

Bellwethers

The nine-stock group that makes up the Rant bellwethers declined on average by 0.2%. The fallout occurred as follows:

  • General Electric (GE) -0.25 (1.25%) to $19.75 on volume of 38.85m units.
  • Citigroup (C) -0.76 (2.68%) to $27.55 on volume of 32.49m units.
  • Wal-Mart (WMT) +0.37 (0.55%) to $68.12 on volume of 7.47m units.
  • IBM (IBM) -0.81 (0.41%) to $198.29 on volume of 3.33m units.
  • Intel (INTC) +0.08 (0.29%) to $27.42 on volume of 27.93m units.
  • Cisco Systems (CSCO) +0.04 (0.23%) to $17.14 on volume of 34.9m units.
  • Google (GOOG) +6.34 (1.12%) to $570.85 on volume of 2.22m 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) dropped 0.2 point s (0.45%) to 44.52 points. Total volume traded in the 24 components of the index was 323.98m shares. Decliners outpaced gainers by 2.3 to one, with 14 decliners to 6 advancers. Declining volume was greater than advancing volume by 257.56m to 64.47m shares. The main decliners (in percentage terms) were –

  • Citigroup Inc (C) -0.76 (2.7%) to $27.55 on volume of 32.49m shares;
  • Bank Of America (BAC) -0.14 (1.8%) to $7.76 on volume of 138.01m shares;
  • Fifth Third Bancorp (FITB) -0.23 (17%) to $12.95 on volume of 10.19m shares;
  • PNC Financial (PNC) -0.95 (1.6%) to $58.06 on volume of 3.72m shares; and
  • JPMorganChase (JPM) -0.41 (1.2%) to $34.62 on volume of 30.62m shares.

The Semiconductor index (SOX) added 5.4 points (1.44%) to 380.55 points. Total volume traded in the 18 components of the index was 120.72m shares. Advancers outpaced decliners by 7 to one, with 14 advancers to 2 decliners. Advancing volume exceeded declining vol ume by 114.73m to 5.99m shares. The biggest gainers (percentage-wise) were –

  • Marvell Technology (MRVL) +0.48 (4.2%) to $12 on volume of 9.02m shares;
  • KLA-Tencor Cp (KLAC) +1.11 (2.3%) to $49.42 on volume of 1.81m shares;
  • Linear Technology (LLTC) +0.67 (2.2%) to $30.54 on volume of 2.83m shares;
  • Taiwan Semiconductor (TSM) +0.29 (2.1%) to $13.96 on volume of 11.9m shares; and
  • Altera (ALTR) +0.68 (2.1%) to $33.74 on volume of 3.2m shares.

The ChildKiller (“Defence”) index (DFX) gained 2.28 points (0.62%) to 368.03 points. Total volume traded in the 17 components of the index was 57.85m shares. Advancers outpaced decliners by 1.7 to one, with 10 advancers to 6 decliners; however declining volume was greater than advancing volume by 46.54m to 11.3m shares. The biggest gainers (percentage-wise) were –

  • Alliant Tech (ATK) +1.43 (3.1%) to $46.9 on volume of 0.32m shares;
  • L-3 Holdings (LLL) +1.37 (1.9%) to $73.11 on volume of 0.87m shares;
  • Rockwell Collins (COL) +0.82 (1.7%) to $49.89 on volume of 1.72m shares;
  • Lockheed Martin (LMT) +1.31 (1.6%) to $84.76 on volume of 1.49m shares; and
  • Raytheon (RTN) +0.65 (1.2%) to $54.32 on volume of 1.85m shares.