The following economic data was released during the session:

  • IBD/TIPP Economic Optimism for August 2012 was released in the US; the result was 45.6 a decline of 1.4 compared to the last data point (47) , which was lower than the market’s pre-release guess of 46.9.
  • Retail Sales “Control Group” for July 2012 was released in the US; the result was 0.9% rising 1.1 from the prior reading of -0.2% – above expectations of 0.5%.
  • Retail Sales Less Autos for July 2012 was released in the US; the result was 0.8% a gain of 1.6 from the prior reading of -0.8% – above the consensus estimate of 0.4%.
  • Producer Price Index m/m for July 2012 was released in the US; the series posted a reading of 0.3% adding 0.2 from the prior reading of 0.1% – above the market’s pre-release guess of 0.2%.
  • Producer Price Index Ex Food & Energy m/m for July 2012 was released in the US; the result was 0.4% an increase of 0.2 from the prior reading of 0.2% – above expectations of 0.2%.
  • Producer Price Index y/y for July 2012 was released in the US; the outcome was 0.5% dropping 0.2 compared to the last data point (0.7%) , in line with expectations of 0.5%.
  • Producer Price Index Ex Food & Energy y/y for July 2012 was released in the US; the outcome was 2.5% a decline of 0.1 compared to the last data point (2.6%) – above the market’s pre-release guess of 2.3%.
  • NFIB Small Business Optimism for July 2012 was released in the US; the series posted a reading of 91.2 declining 0.2 compared to the last data point (91.4) , which was lower than expectations of 91.6.
  • Business Inventories for June 2012 was released in the US; the result was 0.1% falling 0.2 compared to the last data point (0.3%) , which was lower than expectations of 0.2%.
  • Retail Sales Ex Auto & Gas for July 2012 was released in the US; the series posted a readin g of 0.9% an increase of 1.3 from the prior reading of -0.4% – above the consensus estimate of 0.5%.

Headline Indices

The Dow Jones Industrial Average finished the session at 13,172.14 points, a change of +2.71 points (0.02%) for the session.

The session high was 13,223.01 points, while the low was down at 13,142.10 points.

Total volume traded in the 30 components of the index was 433.3m shares. Decliners outpaced gainers by 1.1 to one, with 16 decliners to 14 advancers; however advancing volume exceeded declining volume by 240.35m shares to 192.95m. The biggest gainers (percentage-wise) were –

  • Home Depot (HD) +1.89 (3.6%) to $54.71 on volume of 19.39m shares;
  • AIG (AIG) +0.71 (2.1%) to $33.82 on volume of 22.79m shares;
  • Pfizer (PFE) +0.26 (1.1%) to $23.98 on volume of 21.25m shares;
  • Wal-Mart (WMT) +0.61 (0.8%) to $74.01 on volume of 6.6m shares; and
  • Bank Of America (BAC) +0.06 (0.8%) to $7.78 on volume of 1 00.25m shares.

 

The S&P500 Index fell 0.18 points (0.01%) to 1403.93 points..

Total volume traded in the 500 components of the index was 1.87bn shares. Decliners outpaced gainers by 1.4 to one, with 257 decliners to 183 advancers. Declining volume was greater than advancing volume by 1.04bn to 796.41m shares. The main decliners (in percentage terms) were –

  • Electronic Data Systems (EDS) -0.32 (14.2%) to $1.93 on volume of 0.1m shares;
  • Ciena Corp. (CIEN) -1.25 (7%) to $16.65 on volume of 11.22m shares;
  • Juniper Networks (JNPR) -0.85 (4.5%) to $18.07 on volume of 12.26m shares;
  • EMC Corp. (EMC) -1.03 (3.9%) to $25.71 on volume of 22.08m shares; and
  • JDS Uniphase Corp. (JDSU) -0.38 (3.4%) to $10.68 on volume of 10.29m shares.

The Nasdaq Composite slid 5.54 points (0.18%) to 3016.98 points. while the Nasdaq100 dropped 0.89 points (0.03%) to 2727.79 points..

Total volume traded in the 100 components of the index was 526.17m shares. Decliners outpaced gainers by 2 to one, with 59 decliners to 30 advancers. Declining volume was greater than advancing volume by 332.02m to 194.15m shares. The main decliners (in percentage terms) were –

  • Research in Motion (RIMM) -0.51 (6.3%) to $7.56 on volume of 16.3m shares;
  • Check Point Software Technologies (CHKP) -2.77 (5.5%) to $47.94 on volume of 3.53m shares;
  • Juniper Networks (JNPR) -0.85 (4.5%) to $18.07 on volume of 12.26m shares;
  • Expedia (EXPE) -1.52 (2.8%) to $52.31 on volume of 3.25m shares; and
  • Broadcom (BRCM) -0.7 (2%) to $34.41 on volume of 5.26m shares.

Volatility

The CBOE Volatility Index gained +1.10 points (8.03%) to 14.80 points. and the CBOE Nasdaq100 Volatility Index gained +0.90 points (6.22%) to 15.38 points..

Breadth and Internals

A total of 3199 issues traded today on the NYSE; today’s total volume was 2.73bn shares. A total of 1512 stocks posted gains for the day, and volume in advancing issues totalled 1.26bn shares. Exerting downwards pressure on the index were 1571 losers, which accounted for a total declining volume of 1.41bn shares. 140 stocks made new 1-year highs on the NYSE, while 21 shares plumbed new 52-week depths.

On the Nasdaq 2586 tickers traded today; total Nasdaq volume was 1.53bn shares. A total of 934 stocks posted gains for the day, with aggregate volume of 0.56bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 1539 losers, and total declining volume was 0.96bn shares. 57 Nasdaq-listed stocks hit new 52-week highs, while 40 s hares 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 1403.93 -0.18 -0.01%
Nasdaq Composite 3016.98 -5.54 -0.18%
Nasdaq100 2727.79 -0.89 -0.03%
CBOE Volatility Index 14.80 +1.10 8.03%
CBOE Nasdaq100 Volatility Index 15.38 +0.90 6.22%

Dow Darlings

  • Home Depot (HD) +1.89 (3.6%) to $54.71 on volume of 19.4m units
  • Pfizer (PFE) +0.26 (1.1%) to $23.98 on volume of 21.3m units
  • Wal-Mart (WMT) +0.61 (0.8%) to $74.01 on volume of 6.6m units
  • Bank Of America (BAC) +0.06 (0.8%) to $7.78 on volume of 100.3m units
  • United Technologies (UTX) +0.31 (0.4%) to $77.78 on volume of 2.9m units

Dow Duds:

  • Alcoa (AA) -0.14 (1.6%) to $8.69 on volume of 11m units
  • Hewlett-Packard (HPQ) -0.26 (1.3%) to $19.36 on volume of 16.1m units
  • Caterpillar (CAT) -0.74 (0.8%) to $87.87 on volume of 5m units
  • Intel (INTC) -0.21 (0.8%) to $26.48 on volume of 27.1m units
  • Boeing (BA) -0.38 (0.5%) to $73.81 on volume of 2m units

Most Traded Dow stocks:

  • Bank Of America (BAC) +0.06 (0.8%) to $7.78 on volume of 100.3m units
  • Microsoft (MSFT)-0.06 (0.2%) to $30.13 on volume of 34.3m units
  • General Electric (GE)-0.05 (0.2%) to $20.94 on volume of 28.2m units
  • Intel (INTC)-0.21 (0.8%) to $26.48 on volume of 27.1m units
  • Pfizer (PFE) +0.26 (1.1%) to $23.98 on volume of 21.3m units
Precious Metals

Preci ous metals futures performed as follows –

Precious Metals Futures
Commodity Close Gain(Loss) %
Gold 1602.4 -10.2 -0.63
Silver 27.847 -0.004 -0.01
Palladium 578.4 3.7 0.64
Platinum 1399.1 6.3 0.45

The Gold Bugs index (XAU) declined 1.06 points (0.68%) to 154.99 points. Total volume traded in the 16 components of the index was 38.57m shares. Decliners outpaced gainers by 15 to one, with 15 decliners to 1 advancers. Declining volume was greater than advancing volume by 37.61m to 0.96m shares. The main decliners (in percentage terms) were –

  • Silver Stand Resources (SSRI) -0.32 (2.5%) to $12.38 on volume of 0.5m shares;
  • AngloGold Ashanti (AU) -0.82 (2.4%) to $33.91 on volume of 1.06m shares;
  • Pan-American Silver (PAAS) -0.26 (1.7%) to $15.38 on volume of 0.88m shares;
  • Freeport McMoran (FCX) -0.47 (1.3%) to $35.01 on volume of 8.7m shares; and
  • Newmnt Mining (NEM) -0.58 (1.2%) to $46.34 on volume of 2.84m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 93.74 0.71 0.76
Heating Oil 3.0346 0.0163 0.54
Natural Gas 3.066 0.078 2.61
Gasoline RBOB 3.0014 0.0107 0.36

The Oil Services index (OSX) fell 1.14 points (0.5%) to 225.54 points. Total volume traded in the 15 components of the index was 46.96m shares. Decliners outpaced gainers by 5 to one, with 10 decliners to 2 advancers. Declining volume was greater than advancing volume by 29.74m to 17.22m shares. The main decliners (in percentage terms) were –

  • Baker Hughes (BHI) -0.68 (1.4%) to $47.31 on volume of 2.77m shares;
  • Schlumberger (SLB) -0.73 (1%) to $74.47 on volume of 4.99m shares;
  • Noble Corp (NE) -0.36 (0.9%) to $38.03 on volume of 1.68m shares;
  • Transocean Inc (RIG) -0.39 (0.8%) to $47.86 on volume of 1.67m shares; and
  • Rowan Co (RDC) -0.24 (0.7%) to $35.16 on volume of 0.8m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 82.56 0.074 0.09
Euro FX 1.2335 -0.0003 -0.02

Bellwethers

The nine-stock group that makes up the Rant bellwethers declined on average by 0%. The fallout occurred as follows:

  • General Electric (GE) -0.05 (0.24%) to $20.94 on volume of 28.2m units.
  • Citigroup (C) -0.01 (0.03%) to $28.77 on volume of 22.53m units.
  • Wal-Mart (WMT) +0.61 (0.83%) to $74.01 on volume of 6.6m units.
  • IBM (IBM) -0.72 (0.36%) to $198.29 on volume of 2.32m units.
  • Intel (INTC) -0.21 (0.79%) to $26.48 on volume of 27.11m units.
  • Cisco Systems (CSCO) -0.17 (0.98%) to $17.17 on volume of 39.48m units.
  • Google (GOOG) +8.65 (1.31%) to $668.66 on volume of 3.65m 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 0.01 points (0.02%) to 46.54 points. Total volume traded in the 24 components of the index was 219.81m shares. Decliners outpaced gainers by 1.5 to one, with 12 decliners to 8 advancers; however advancing volume exceeded declining volume by 145.02m shares to 63.53m. The main decliners (in percentage terms) were –

  • State Street (STT) -0.57 (1.4%) to $41.22 on volume of 2.73m shares;
  • Capital One Financial (COF) -0.46 (0.8%) to $55.13 on volume of 2.75m shares;
  • Fifth Third Bancorp (FITB) -0.075 (0.5%) to $14.245 on volume of 6.7m shares;
  • US Bancorp (USB) -0.16 (0.5%) to $33.02 on volume of 4.68m shares; and
  • Comerica Inc (CMA) -0.13 (0.4%) to $30.67 on volume of 0.87m shares.

The Semiconductor index (SOX) dipped 3.29 points (0.82%) to 399.12 points. Total volume traded in the 18 components of the index was 123m shares. Decliners outpaced gainers by 4.3 to one, with 13 decliners to 3 advancers. Declining volume was greater than advancin g volume by 112.16m to 10.84m shares. The main decliners (in percentage terms) were –

  • Advanced Micro Devices (AMD) -0.14 (3.3%) to $4.12 on volume of 12.58m shares;
  • Micron Technology (MU) -0.165 (2.5%) to $6.55 on volume of 27.31m shares;
  • Broadcom (BRCM) -0.7 (2%) to $34.41 on volume of 5.26m shares;
  • Marvell Technology (MRVL) -0.21 (1.8%) to $11.78 on volume of 12.79m shares; and
  • Altera (ALTR) -0.64 (1.7%) to $36.08 on volume of 2.93m shares.

The ChildKiller (“Defence”) index (DFX) dropped 0.47 points (0.12%) to 383.87 points. Total volume traded in the 17 components of the index was 41.82m shares. Decliners outpaced gainers by 2 to one, with 10 decliners to 5 advancers. Declining volume was greater than advancing volume by 34.72m to 6.63m shares. The main decliners (in percentage terms) were –

  • Rockwell Collins (COL) -0.56 (1.1%) to $49.23 on volume of 0.76m shares;
  • ITT Corporation (ITT) -0.19 (0.9 %) to $20.54 on volume of 0.69m shares;
  • Alliant Tech (ATK) -0.41 (0.8%) to $50.2 on volume of 0.29m shares;
  • Boeing (BA) -0.38 (0.5%) to $73.81 on volume of 2.01m shares; and
  • Northrop Grummanl (NOC) -0.31 (0.5%) to $68.36 on volume of 0.71m shares.