Headline Indices

The Dow Jones Industrial Average added +9.69 points (0.09%) to 10415.54 points. The index high for the day was 10472.30, while the low was 10330.02.

Total volume traded in the 30 components of the index was 1.04bn shares. Advancers outpaced decliners by 1.8 to one, with 18 advancers to 10 decliners. Advancing volume exceeded declining volume by 886.5m to 153.8m shares. The biggest gainers (percentage-wise) were –

  • Home Depot (HD) +0.55 (1.9%) to $28.86 on volume of 13.46m shares;
  • Hewlett-Packard (HPQ) +0.54 (1.3%) to $41.36 on volume of 21.86m shares;
  • AT&T (T) +0.31 (1.1%) to $27.28 on volume of 29.04m shares;
  • AIG (AIG) +0.41 (1.1%) to $36.83 on volume of 2.41m shares; and
  • JPMorganChase (JPM) +0.41 (1.1%) to $37.89 on volume of 26.41m shares.

The S&P500 Index gained +1.62 points (0.15%) to 1094.16 points..

Total volume traded in the 500 components of the index was 3.09bn shares. Advancers outpaced decliners by 1.5 to one, with 271 advancers to 185 decliners. Advancing volume exceeded declining volume by 2.18bn to 888.22m shares. The biggest gainers (percentage-wise) were –

  • King Pharmaceuticals (KG) +0.78 (8.9%) to $9.56 on volume of 8.4m shares;
  • Dillard Inc. (DDS) +1.58 (8.1%) to $21 on volume of 1.89m shares;
  • United States Steel Corp. (X) +2.27 (4.8%) to $49.59 on volume of 28.01m shares;
  • Analog Devices (ADI) +1.27 (4.4%) to $30.08 on volume of 11.04m shares; and
  • LSI Corporation (LSI) +0.19 (4.3%) to $4.58 on volume of 14.32m shares.

The Nasdaq Composite advanced +6.26 points (0.28%) to 2215.70 points. while the Nasdaq100 advanced +5.43 points (0.29%) to 1850.80 points..

Total volume traded in the 100 components of the index was 630.29m shares. Advancers outpaced decliners by 2.3 to one, with 66 advancers to 29 decliners. Advancing volume exceeded declining volume by 472.96m to 155.02m shares. The biggest gainers (percentage-wise) were –

  • Bed Bath & Beyond (BBBY) +1.35 (3.5%) to $39.38 on volume of 5.17m shares;
  • Flextronics International (FLEX) +0.17 (3.2%) to $5.52 on volume of 11.27m shares;
  • SanDisk (SNDK) +1.29 (3%) to $44.86 on volume of 8.22m shares;
  • Linear Technology (LLTC) +0.825 (2.8%) to $30.36 on volume of 4.53m shares; and
  • Foster Wheeler (FWLT) +0.59 (2.5%) to $23.77 on volume of 1.64m shares.

Volatility

The CBOE Volatility Index added +0.26 points (1.07%) to 24.59 points. and the CBOE Nasdaq100 Volatility Index added +0.06 points (0.23%) to 25.98 points..

Breadth and Internals

A total of 3913 issues traded today on the NYSE; today's total volume was 4.24bn shares. A total of 2190 stocks posted gains for the day, and volume in advancing issues totalled 2.7bn shares. Exerting downwards pressure on the index were 1587 losers, which accounted for a total declining volume of 1.48bn shares. 271 stocks made new 1-year highs on the NYSE, while 36 shares plumbed new 52-week depths.

On the Nasdaq 2754 tickers traded today; total Nasdaq volume was 1.55bn shares. A total of 1325 stocks posted gains for the day, with aggregate volume of 1.03bn shares changing hands in the day's winners. The red zone of the Nasdaq exchange comprised 1284 losers, and total declining volume was 0.49bn shares. 44 Nasdaq-listed stocks hit new 52-week highs, while 51 shares dipped to new 1-year lows.

 

Major Market Statistics
Index Close Gain(Loss) %
Dow Jones Industrial Average 10415.54 +9.69 0.09%
S&P500 Index 1094.16 +1.62 0.15%
Nasdaq Composite 2215.70 +6.26 0.28%
Nasdaq100 1850.80 +5.43 0.29%
CBOE Volatility Index 24.59 +0.26 1.07%
CBOE Nasdaq100 Volatility Index 25.98 +0.06 0.23%

Dow Darlings

  • Home Depot (HD) +0.55 (1.9%) to $28.86 on volume of 13.5m units
  • Hewlett-Packard (HPQ) +0.54 (1.3%) to $41.36 on volume of 21.9m units
  • AT&T (T) +0.31 (1.1%) to $27.28 on volume of 29m units
  • JPMorganChase (JPM) +0.41 (1.1%) to $37.89 on volume of 26.4m units
  • Bank Of America (BAC) +0.11 (0.8%) to $13.32 on volume of 135.5m units

 

Dow Duds:

  • Exxon-Mobil (XOM) -0.67 (1.1%) to $60.15 on volume of 19.3m units
  • Pfizer (PFE) -0.17 (1%) to $16.1 on volume of 48.4m units
  • Chevron (CVX) -0.73 (0.9%) to $77.04 on volume of 7.9m units
  • Coca-Cola (KO) -0.28 (0.5%) to $55.84 on volume of 8m units
  • Merck (MRK) -0.17 (0.5%) to $35.37 on volume of 8.7m units

 

Most Traded Dow stocks:

  • Bank Of America (BAC) +0.11 (0.8%) to $13.32 on volume of 135.5m units
  • Intel (INTC) +0.06 (0.3%) to $19.59 on volume of 52.6m units
  • Pfizer (PFE)-0.17 (1%) to $16.1 on volume of 48.4m units
  • Microsoft (MSFT) +0.11 (0.4%) to $24.82 on volume of 42.8m units
  • General Electric (GE) +0.12 (0.8%) to $15.7 on volume of 41m units
Precious Metals

Precious metals futures performed as follows –

Precious Metals Futures
Index Close Gain(Loss) %
Gold 1231.4 3.1 0.25
Gold 1231 2.7 0.22
Silver 18.452 -0.198 -1.06
Silver 18.44 -0.21 -1.13
Palladium 490.4 -6.9 -1.39
Palladium 490.55 -6.75 -1.36
Platinum 1536.5 -10.1 -0.65
Platinum 1535.3 -11.3 -0.73

 

The Gold Bugs index (XAU) gained 3.46 points (1.95%) to 180.84 points. Total volume traded in the 16 components of the index was 63.56m shares. Advancers outpaced decliners by 15 to one, with 15 advancers to 1 decliners. Advancing volume exceeded declining volume by 60.13m to 3.44m shares. The biggest gainers (percentage-wise) were –

  • GoldCorp (GG) +1.81 (4.4%) to $42.64 on volume of 6.97m shares;
  • Silver Wheaton (SLW) +0.54 (2.6%) to $21.35 on volume of 5.43m shares;
  • Silver Stand Resources (SSRI) +0.39 (2.3%) to $17.55 on volume of 0.54m shares;
  • Coeur d'Alene (CDE) +0.34 (2.2%) to $15.66 on volume of 2.36m shares; and
  • Barrick Gold (ABX) +0.97 (2.2%) to $45.26 on volume of 7.35m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 75.78 -0.38 -0.5
Crude Oil 75.56 -0.6 -0.79
Heating Oil 2.0484 -0.003 -0.15
Heating Oil 2.0455 -0.0059 -0.29
Natural Gas 4.266 -0.017 -0.4
Natural Gas 4.253 -0.03 -0.7
Natural Gas 110.969 -0.078125 -0.07
Gasoline RBOB 1.907 0 0
Gasoline RBOB 1.906 -0.001 -0.05

 

The Oil Services index (OSX) dropped 1.72 points (0.94%) to 180.63 points. Total volume traded in the 15 components of the index was 55.22m shares. Decliners outpaced gainers by 2.5 to one, with 10 decliners to 4 advancers. Declining volume was greater than advancing volume by 31.28m to 23.95m shares. The main decliners (in percentage terms) were –

  • Smith International (SII) -0.82 (2%) to $41.18 on volume of 2.09m shares;
  • Schlumberger (SLB) -1.13 (1.9%) to $59.18 on volume of 8.27m shares;
  • National Oilwell Varco (NOV) -0.63 (1.6%) to $39.54 on volume of 3.63m shares;
  • Noble Corp (NE) -0.47 (1.4%) to $32.84 on volume of 3.2m shares; and
  • Cameron International (CAM) -0.49 (1.3%) to $38.19 on volume of 2.54m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 82.355 0.031 0.04
Euro FX 1.2863 -0.0017 -0.13
Australian Dollar 0.8964 -0.0071 -0.79
Canadian Dollar 0.973 0.0049 0.51
Japanese Yen 0.011703 1.3e-05 0.11
New Zealand Dollar 0.7137 0.0022 0.31
New Zealand Dollar -0.6825 -0.07 11.43

 

 

Bellwethers

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

  • General Electric (GE) +0.12 (0.77%) to $15.70 on volume of 41.03m units.
  • Citigroup (C) +0.01 (0.26%) to $3.86 on volume of 471.4m units.
  • Wal-Mart (WMT) -0.16 (0.31%) to $50.86 on volume of 15.51m units.
  • IBM (IBM) +0.9425 (0.73%) to $129.3925 on volume of 4.74m units.
  • Intel (INTC) +0.06 (0.31%) to $19.59 on volume of 52.56m units.
  • Cisco Systems (CSCO) +0.36 (1.63%) to $22.41 on volume of 68.04m units.
  • Google (GOOG) -8.37 (1.71%) to $482.15 on volume of 2.44m 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) added 0.12 points (0.26%) to 46.19 points. Total volume traded in the 24 components of the index was 783.79m shares. Advancers outpaced decliners by 1.1 to one, with 11 advancers to 10 decliners. Advancing volume exceeded declining volume by 728.74m to 53.79m shares. The biggest gainers (percentage-wise) were –

  • Suntrust Banks (STI) +0.53 (2.2%) to $24.67 on volume of 6.19m shares;
  • PNC Financial (PNC) +0.84 (1.5%) to $56.26 on volume of 4.09m shares;
  • JPMorganChase (JPM) +0.41 (1.1%) to $37.89 on volume of 26.41m shares;
  • Regions Financial (RF) +0.06 (0.8%) to $7.21 on volume of 26.96m shares; and
  • Bank Of America (BAC) +0.11 (0.8%) to $13.32 on volume of 135.49m shares.

The Semiconductor index (SOX) was unchanged at 0 points. Total volume traded in the 18 components of the index was 180.53m shares. Advancers outpaced decliners by 4.3 to one, with 13 advancers to 3 decliners. Advancing volume exceeded declining volume by 136.26m to 43.32m shares. The index's rather boring situation arose as a result of a mixed bag of results, the most notable amongst these (in percentage terms) being –

  • Sandisk (SNDK) +1.29 (3%) to $44.86 on volume of 8.22m shares;
  • Linear Technology (LLTC) +0.825 (2.8%) to $30.36 on volume of 4.53m shares;
  • Micron Technology (MU) +0.14 (1.9%) to $7.45 on volume of 15.43m shares;
  • KLA-Tencor Cp (KLAC) +0.555 (1.9%) to $30.28 on volume of 3.22m shares; and
  • Broadcom (BRCM) +0.555 (1.7%) to $32.98 on volume of 8.33m shares.

The ChildKiller ("Defence") index (DFX) gained 3.17 points (0.96%) to 331.81 points. Total volume traded in the 17 components of the index was 65.75m shares. Advancers outpaced decliners by 4.3 to one, with 13 advancers to 3 decliners. Advancing volume exceeded declining volume by 56.3m to 9.45m shares. The biggest gainers (percentage-wise) were –

  • Embraer Empresa (ERJ) +1.34 (5.2%) to $26.91 on volume of 1.22m shares;
  • Gencorp (GY) +0.24 (4.7%) to $5.32 on volume of 1.08m shares;
  • Lockheed Martin (LMT) +1.24 (1.7%) to $73.66 on volume of 2.9m shares;
  • Northrop Grummanl (NOC) +0.71 (1.2%) to $58.23 on volume of 2.55m shares; and
  • Esterline Tech (ESL) +0.56 (1.2%) to $48.79 on volume of 0.07m shares.