The following economic data was released during the session:

  • Building Permits m/m for June 2012 was released in Canada; the outcome was -2.5% a drop of 9.6 compared to the last data point (7.1%) – above the consensus estimate of -3.9%.
  • Ivey Purchasing Managers Index s.a. for July 2012 was released in Canada; the series posted a reading of 62.8 advancing 13.8 from the prior reading of 49.0 – above the market’s pre-release guess of 52.0.
  • Consumer Credit for June 2012 was released in the US; the series posted a reading of $6.459B unchanged from the last data release for this series. , in line with the market’s pre-release guess of $10.250B.
  • JOLTs Job Openings for June 2012 was released in the US; the outcome was 3762 adding 105 from the prior reading of 3657 – above expectations of 3717.

Headline Indices

The Dow Jones Industrial Average finished the session at 13,168.60 points, a cha nge of +51.09 points (0.39%) for the session.

The session high was 13,215.97 points, while the low was down at 13,118.42 points.

Total volume traded in the 30 components of the index was 526.46m shares. Advancers outpaced decliners by 2.8 to one, with 22 advancers to 8 decliners. Advancing volume exceeded declining volume by 402.47m to 123.99m shares. The biggest gainers (percentage-wise) were –

  • General Motors (GM) +0.57 (2.9%) to $20.42 on volume of 9.27m shares;
  • Boeing (BA) +1.57 (2.2%) to $74.46 on volume of 4.33m shares;
  • JPMorganChase (JPM) +0.71 (2%) to $37.01 on volume of 35.74m shares;
  • United Technologies (UTX) +1.47 (1.9%) to $78.12 on volume of 4.56m shares; and
  • Hewlett-Packard (HPQ) +0.27 (1.4%) to $18.96 on volume of 18.22m shares.

 

The S&P500 Index added +7.12 points (0.51%) to 1401.35 points..

Total volume traded in the 500 components of the index was 2.25bn shares. Advancers out paced decliners by 3.1 to one, with 334 advancers to 107 decliners. Advancing volume exceeded declining volume by 1.73bn to 505.49m shares. The biggest gainers (percentage-wise) were –

  • Chesapeake Energy (CHK) +1.67 (9.4%) to $19.37 on volume of 41.3m shares;
  • Tenet Healthcare Corp. (THC) +0.42 (9%) to $5.08 on volume of 10.19m shares;
  • MGIC Investment (MTG) +0.075 (7.5%) to $1.07 on volume of 13.33m shares;
  • Terex Corp.” (TEX) +1.29 (6.5%) to $21.2 on volume of 5.35m shares; and
  • Applied Materials (AMAT) +0.59 (5.2%) to $11.87 on volume of 20.01m shares.

The Nasdaq Composite advanced +25.95 points (0.87%) to 3015.86 points. while the Nasdaq100 added +23.07 points (0.86%) to 2717.16 points..

Total volume traded in the 100 components of the index was 690.04m shares. Advancers outpaced decliners by 3.5 to one, with 69 advancers to 20 decliners. Advancing volume exceeded declining volume by 589.18m to 97.25m sha res. The biggest gainers (percentage-wise) were –

  • Flextronics International (FLEX) +0.4 (6.3%) to $6.74 on volume of 11.08m shares;
  • Applied Materials (AMAT) +0.59 (5.2%) to $11.87 on volume of 20.01m shares;
  • Marvell Technology Group (MRVL) +0.56 (5%) to $11.68 on volume of 12.54m shares;
  • Wynn Resorts (WYNN) +4.84 (4.9%) to $102.64 on volume of 3.43m shares; and
  • Sears Holdings (SHLD) +2.3 (4.6%) to $52.68 on volume of 0.6m shares.

Volatility

The CBOE Volatility Index added +0.03 points (0.19%) to 15.98 points. and the CBOE Nasdaq100 Volatility Index dipped 0.17 points (0.97%) to 17.40 points..

Breadth and Internals

A total of 3184 issues traded today on the NYSE; today’s total volume was 3.49bn shares. A total of 1989 stocks posted gains for the day, and volume in advancing issues totalled 2.42bn shares. Exerting downwards pressure on the index were 1080 losers, which accounted for a total declining volume of 1.03bn shares. 191 stocks made new 1-year highs on the NYSE, while 12 shares plumbed new 52-week depths.

On the Nasdaq 2606 tickers traded today; total Nasdaq volume was 1.86bn shares. A total of 1604 stocks posted gains for the day, with aggregate volume of 1.47bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 884 losers, and total declining volume was 0.37bn shares. 87 Nasdaq-listed stocks hit new 52-week highs, while 35 sha res 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 1401.35 +7.12 0.51%
Nasdaq Composite 3015.86 +25.95 0.87%
Nasdaq100 2717.16 +23.07 0.86%
CBOE Volatility Index 15.98 +0.03 0.19%
CBOE Nasdaq100 Volatility Index 17.40 -0.17 -0.97%

Dow Darlings

  • Boeing (BA) +1.57 (2.2%) to $74.46 on volume of 4.3m units
  • JPMorganChase (JPM) +0.71 (2%) to $37.01 on volume of 35.7m units
  • United Technologies (UTX) +1.47 (1.9%) to $78.12 on volume of 4.6m units
  • Hewlett-Packard (HPQ) +0.27 (1.4%) to $18.96 on volume of 18.2m units
  • Alcoa (AA) +0.1 (1.2%) to $8.6 on volume of 13.6m units

Dow Duds:

  • Pfizer (PFE) -0.52 (2.1%) to $23.74 on volume of 54.5m units
  • Merck (MRK) -0.49 (1.1%) to $44 on volume of 9.7m units
  • Coca-Cola (KO) -0.87 (1.1%) to $79.77 on volume of 6m units
  • Johnson & Johnson (JNJ) -0.55 (0.8%) to $68.29 on volume of 10.8m units
  • McDonalds (MCD) -0.68 (0.8%) to $89.01 on volume of 5m units

Most Traded Dow stocks:

  • Bank Of America (BAC) +0.03 (0.4%) to $7.67 on volume of 117.4m units
  • Pfizer (PFE)-0.52 (2.1%) to $23.74 on volume of 54.5m units
  • JPMorganChase (JPM) +0.71 (2%) to $37.01 on volume of 35.7m units
  • General Electric (GE) +0.15 (0.7%) to $21.12 on volume of 28.2m units
  • Microsoft (MSFT) +0.31 (1%) to $30.26 on volume of 27.9m units
Precious Metals

Precious metal s futures performed as follows –

Precious Metals Futures
Commodity Close Gain(Loss) %
Gold 1612.8 -3.4 -0.21
Silver 28.086 0.223 0.8
Palladium 588.2 8.65 1.49
Platinum 1410.4 8.5 0.61

The Gold Bugs index (XAU) advanced 2.05 points (1.33%) to 156.15 points. Total volume traded in the 16 components of the index was 55.71m shares. Advancers outpaced decliners by 6.5 to one, with 13 advancers to 2 decliners. Advancing volume exceeded declining volume by 48.88m to 5.13m shares. The biggest gainers (percentage-wise) were –

  • Coeur d’Alene (CDE) +0.96 (5.5%) to $18.39 on volume of 2.25m shares;
  • Freeport McMoran (FCX) +0.93 (2.7%) to $35.27 on volume of 14.99m shares;
  • RandGold Resources (GOLD) +2.27 (2.4%) to $95.3 on volume of 0.39m shares;
  • GoldCorp (GG) +0.83 (2.3%) to $37.15 on volume of 3.48m shares; and
  • Barrick Gold (ABX) +0.67 (2%) to $34.03 on volume of 7.12m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 93.67 1.47 1.59
Heating Oil 2.998 0.0571 1.94
Natural Gas 2.964 0.056 1.93
Gasoline RBOB 2.9913 0.0691 2.36

The Oil Services index (OSX) rose 2.7 points (1.21%) to 225.57 points. Total volume traded in the 15 components of the index was 58.23m shares. Not a single stock declined withinin the index: 12 of the 15 index components rose, with total upside volume of 58.23mshares. The biggest gainers (percentage-wise) were –

  • Weatherford International (WFT) +0.4 (3.3%) to $12.66 on volume of 9.26m shares;
  • Baker Hughes (BHI) +1.04 (2.2%) to $48.21 on volume of 4.26m shares;
  • Nabors Industries (NBR) +0.28 (1.9%) to $14.73 on volume of 9.46m shares;
  • Halliburton (HAL) +0.58 (1.7%) to $34.4 on volume of 13.52m shares; and
  • Schlumberger (SLB) +1.21 (1.7%) to $73.61 on volume of 6.95m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 82.275 -0.029 -0.04
Euro FX 1.2417 0.0017 0.14

Bellwethers

The nine-stock group that makes up the Rant bellwethers advanced on average by 0.6%. The fallout occurred as follows:

  • General Electric (GE) +0.15 (0.72%) to $21.12 on volume of 28.17m units.
  • Citigroup (C) +0.33 (1.16%) to $28.89 on volume of 37.12m units.
  • Wal-Mart (WMT) -0.29 (0.39%) to $73.99 on volume of 7.56m units.
  • IBM (IBM) +1.17 (0.59%) to $199.93 on volume of 2.99m units.
  • Intel (INTC) +0.19 (0.72%) to $26.50 on volume of 26.96m units.
  • Cisco Systems (CSCO) +0.45 (2.7%) to $17.14 on volume of 41.46m units.
  • Google (GOOG) -2.28 (0.35%) to $640.54 on volume of 1.98m 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) advanced 0.36 poi nts (0.78%) to 46.48 points. Total volume traded in the 24 components of the index was 287.96m shares. Advancers outpaced decliners by 6 to one, with 18 advancers to 3 decliners. Advancing volume exceeded declining volume by 253.93m to 34.03m shares. The biggest gainers (percentage-wise) were –

  • Bank Of NY Mellon (BK) +0.58 (2.7%) to $22.3 on volume of 6.62m shares;
  • State Street (STT) +0.82 (2%) to $41.31 on volume of 3.73m shares;
  • JPMorganChase (JPM) +0.71 (2%) to $37.01 on volume of 35.74m shares;
  • People’s United (PBCT) +0.21 (1.8%) to $11.86 on volume of 4.27m shares; and
  • Fifth Third Bancorp (FITB) +0.25 (1.8%) to $14.23 on volume of 9.81m shares.

The Semiconductor index (SOX) added 7.98 points (2.04%) to 400.06 points. Total volume traded in the 18 components of the index was 172.23m shares. Advancers outpaced decliners by 15 to one, with 15 advancers to 1 decliners. Advancing volume exceeded declining volume by 16 1.57m to 10.67m shares. The biggest gainers (percentage-wise) were –

  • Applied Materials (AMAT) +0.59 (5.2%) to $11.87 on volume of 20.01m shares;
  • Marvell Technology (MRVL) +0.56 (5%) to $11.68 on volume of 12.54m shares;
  • Micron Technology (MU) +0.25 (3.8%) to $6.82 on volume of 42.85m shares;
  • Altera (ALTR) +1.27 (3.6%) to $36.73 on volume of 5.92m shares; and
  • Texas Instruments (TXN) +0.99 (3.5%) to $29.23 on volume of 14.46m shares.

The ChildKiller (“Defence”) index (DFX) rose 4.11 points (1.09%) to 382.52 points. Total volume traded in the 17 components of the index was 47.98m shares. Advancers outpaced decliners by 15 to one, with 15 advancers to 1 decliners. Advancing volume exceeded declining volume by 47.44m to 0.54m shares. The biggest gainers (percentage-wise) were –

  • Embraer Empresa (ERJ) +0.72 (2.9%) to $25.73 on volume of 0.95m shares;
  • Alliant Tech (ATK) +1.34 (2.8%) to $48.58 on volume of 0.22m shares;
  • Gencorp (GY) +0.18 (2.3%) to $8.15 on volume of 0.27m shares;
  • Boeing (BA) +1.57 (2.2%) to $74.46 on volume of 4.33m shares; and
  • United Technologies (UTX) +1.47 (1.9%) to $78.12 on volume of 4.56m shares.