The following economic data was released during the session:

  • Non-Farm Productivity for December P 2012 was released in the US; the result was 1.6% advancing 2.1 from the prior reading of -0.5% – above expectations of 1.4%.
  • Unit Labor Costs for December P 2012 was released in the US; the result was 1.7% a drop of 3.9 compared to the last data point (5.6%) – above the market’s pre-release guess of 0.5%.
  • MBA Mortgage Applications for August 3 2012 was released in the US; the series posted a reading of -1.8% a decline of 2 compared to the last data point (0.2%)
  • DOE U.S. Crude Oil Inventories for August 3 2012 was released in the US; the result was -3729K a gain of 2793 from the prior reading of -6522K , which was lower than expectations of -1550K.
  • DOE Cushing OK Crude Inventory for August 3 2012 was released in the US; the result was -802K gaining 583 from the prior reading of -1385K
  • DOE U.S. Distillate Inventory for August 3 2012 was released in the US; the result was -724K advancing 250 from the prior reading of -974K , which was lower than the consensus estimate of 250K.
  • DOE U.S. Gasoline Inventories for August 3 2012 was released in the US; the series posted a reading of -1801K gaining 373 from the prior reading of -2174K , which was lower than expectations of -1750K.

Headline Indices

The Dow Jones Industrial Average finished the session at 13,175.64 points, a change of +7.04 points (0.05%) for the session.

The session high was 13,202.65 points, while the low was down at 13,115.24 points.

Total volume traded in the 30 components of the index was 434.69m shares. Advancers outpaced decliners by 1.5 to one, with 17 advancers to 11 decliners. Advancing volume exceeded declining volume by 247.39m to 111.37m shares. The biggest gainers (percentage-wise) were –

  • Hewlett-Packard (HPQ) +0.45 (2.4 %) to $19.41 on volume of 43.83m shares;
  • Alcoa (AA) +0.2 (2.3%) to $8.8 on volume of 20.46m shares;
  • Disney Corp (DIS) +0.68 (1.4%) to $50.49 on volume of 14.14m shares;
  • Wal-Mart (WMT) +0.7175 (1%) to $74.31 on volume of 6.15m shares; and
  • Procter & Gamble (PG) +0.5 (0.8%) to $66.72 on volume of 8.99m shares.

 

The S&P500 Index added +0.87 points (0.06%) to 1402.22 points..

Total volume traded in the 500 components of the index was 2.03bn shares. Advancers outpaced decliners by 1.4 to one, with 254 advancers to 185 decliners. Advancing volume exceeded declining volume by 1.35bn to 590.3m shares. The biggest gainers (percentage-wise) were –

  • Dean Foods (DF) +5.04 (40.6%) to $17.46 on volume of 30.07m shares;
  • Computer Sciences Corp. (CSC) +4.01 (15.7%) to $29.53 on volume of 7.36m shares;
  • MEMC Electronic Materials (WFR) +0.22 (10.7%) to $2.28 on volume of 31.19m shares;
  • International Flav/Frag (IFF) +5.49 (9.7%) to $62.01 on volume of 1.88m shares; and
  • Advanced Micro Devices (AMD) +0.38 (9.5%) to $4.4 on volume of 43.25m shares.

The Nasdaq Composite declined 4.61 points (0.15%) to 3011.25 points. while the Nasdaq100 dipped 3.14 points (0.12%) to 2714.02 points..

Total volume traded in the 100 components of the index was 766m shares. Advancers outpaced decliners by 1.1 to one, with 47 advancers to 42 decliners. Advancing volume exceeded declining volume by 599.55m to 164.89m shares. The main decliners (in percentage terms) were –

  • Expedia (EXPE) -2.73 (4.6%) to $56.14 on volume of 7.81m shares;
  • Liberty Media (LINTA) -0.31 (1.6%) to $19.25 on volume of 8.02m shares;
  • Monster Worldwide (MNST) -1.09 (1.6%) to $67.77 on volume of 2.65m shares;
  • Leap Wireless International (LEAP) -0.07 (1.6%) to $4.42 on volume of 3.97m shares; and
  • Fastenal (FAST) -0.66 (1.5%) to $42.88 on volume of 1m shares.

Volatility

The CBOE Volatility Index lost 0.68 points (4.25%) to 15.31 points. and the CBOE Nasdaq100 Volatility Index fell 0.38 points (2.18%) to 17.03 points..

Breadth and Internals

A total of 3159 issues traded today on the NYSE; today’s total volume was 3.03bn shares. A total of 1539 stocks posted gains for the day, and volume in advancing issues totalled 1.83bn shares. Exerting downwards pressure on the index were 1504 losers, which accounted for a total declining volume of 1.09bn shares. 135 stocks made new 1-year highs on the NYSE, while 14 shares plumbed new 52-week depths.

On the Nasdaq 2609 tickers traded today; total Nasdaq volume was 1.83bn shares. A total of 1085 stocks posted gains for the day, with aggregate volume of 1.1bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 1393 losers, and total declining volume was 0.68bn shares. 68 Nasdaq-listed stocks hit new 52-week highs, while 37 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 1402.22 +0.87 0.06%
Nasdaq Composite 3011.25 -4.61 -0.15%
Nasdaq100 2714.02 -3.14 -0.12%
CBOE Volatility Index 15.31 -0.68 -4.25%
CBOE Nasdaq100 Volatility Index 17.03 -0.38 -2.18%

Dow Darlings

  • Hewlett-Packard (HPQ) +0.45 (2.4%) to $19.41 on volume of 43.8m units
  • Alcoa (AA) +0.2 (2.3%) to $8.8 on volume of 20.5m units
  • Disney Corp (DIS) +0.68 (1.4%) to $50.49 on volume of 14.1m units
  • Wal-Mart (WMT) +0.7175 (1%) to $74.31 on volume of 6.2m units
  • Procter & Gamble (PG) +0.5 (0.8%) to $66.72 on volume of 9m units

Dow Duds:

  • McDonalds (MCD) -1.48 (1.7%) to $87.53 on volume of 13.7m units
  • United Technologies (UTX) -0.64 (0.8%) to $77.48 on volume of 2.9m units
  • Verizon (VZ) -0.29 (0.7%) to $44.18 on volume of 9.9m units
  • General Electric (GE) -0.11 (0.5%) to $21.01 on volume of 28.9m units
  • Coca-Cola (KO) -0.21 (0.3%) to $79.56 on volume of 3.9m units

Most Traded Dow stocks:

  • Bank Of America (BAC) unchanged at $7.67 on volume of 70.3m units
  • Hewlett-Packard (HPQ) +0.45 (2.4%) to $19.41 on volume of 43.8m units
  • General Electric (GE)-0.11 (0.5%) to $21.01 on volume of 28.9m units
  • Pfizer (PFE) +0.09 (0.4%) to $23.83 on volume of 28.6m units
  • Intel (INTC) +0.1 (0.4%) to $26.6 on volume of 26.5m units
Precious Met als

Precious metals futures performed as follows –

Precious Metals Futures
Commodity Close Gain(Loss) %
Gold 1616 3.2 0.2
Silver 28.075 -0.011 -0.04
Palladium 586.5 -1.7 -0.29
Platinum 1410.2 -0.2 -0.01

The Gold Bugs index (XAU) fell 0.65 points (0.42%) to 155.5 points. Total volume traded in the 16 components of the index was 65.32m shares. Decliners outpaced gainers by 2.2 to one, with 11 decliners to 5 advancers. Declining volume was greater than advancing volume by 34.15m to 31.17m shares. The main decliners (in percentage terms) were –

  • AngloGold Ashanti (AU) -0.8 (2.3%) to $33.8 on volume of 1.44m shares;
  • Harmony Gold (HMY) -0.11 (1.1%) to $9.88 on volume of 1.4m shares;
  • Barrick Gold (ABX) -0.25 (0.7%) to $33.78 on volume of 6.76m shares;
  • GoldCorp (GG) -0.24 (0.6%) to $36.89 on volume of 4.03m shares; and
  • RandGold Resources (GOLD) -0.58 (0.6%) to $94.72 on volume of 0.38m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 93.35 -0.32 -0.34
Heating Oil 3.0159 0.0179 0.6
Natural Gas 2.933 -0.031 -1.05
Gasoline RBOB 2.9804 -0.0109 -0.36

The Oil Services index (OSX) dropped 0.06 points (0.03%) to 225.51 points. Total volume traded in the 15 components of the index was 49.6m shares. Advancers outpaced decliners by 1.4 to one, with 7 advancers to 5 decliners. Advancing volume exceeded declining volume by 36.92m to 12.69m shares. The main decliners (in percentage terms) were –

  • Baker Hughes (BHI) -0.69 (1.4%) to $47.52 on volume of 3.6m shares;
  • Transocean Inc (RIG) -0.68 (1.4%) to $48.32 on volume of 2.54m shares;
  • Noble Corp (NE) -0.52 (1.4%) to $37.79 on volume of 2.08m shares;
  • National Oilwell Varco (NOV) -0.41 (0.5%) to $76.34 on volume of 2.48m shares; and
  • Cameron International (CAM) -0.2 (0.4%) to $51.89 on volume of 1.98m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 82.41 0.16 0.19
Euro FX 1.236 -0.0057 -0.46

Bellwethers

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

  • General Electric (GE) -0.11 (0.52%) to $21.01 on volume of 28.95m units.
  • Citigroup (C) -0.03 (0.1%) to $28.86 on volume of 19.82m units.
  • Wal-Mart (WMT) +0.7175 (0.97%) to $74.31 on volume of 6.15m units.
  • IBM (IBM) -0.05 (0.03%) to $199.03 on volume of 1.88m units.
  • Intel (INTC) +0.10 (0.38%) to $26.60 on volume of 26.48m units.
  • Cisco Systems (CSCO) +0.02 (0.12%) to $17.16 on volume of 24.53m units.
  • Google (GOOG) +1.69 (0.26%) to $642.23 on volume of 1.27m 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) gained 0.05 poi nts (0.11%) to 46.53 points. Total volume traded in the 24 components of the index was 186.11m shares. Advancers outpaced decliners by 1.9 to one, with 13 advancers to 7 decliners. Advancing volume exceeded declining volume by 71.41m to 44.43m shares. The biggest gainers (percentage-wise) were –

  • Bank Of NY Mellon (BK) +0.27 (1.2%) to $22.57 on volume of 6.96m shares;
  • Keycorp (KEY) +0.09 (1.1%) to $8.34 on volume of 8.06m shares;
  • People’s United (PBCT) +0.08 (0.7%) to $11.94 on volume of 2.87m shares;
  • Fifth Third Bancorp (FITB) +0.07 (0.5%) to $14.3 on volume of 7.48m shares; and
  • PNC Financial (PNC) +0.27 (0.4%) to $61.04 on volume of 2m shares.

The Semiconductor index (SOX) added 1.09 points (0.27%) to 401.15 points. Total volume traded in the 18 components of the index was 157.32m shares. Advancers outpaced decliners by 1.5 to one, with 9 advancers to 6 decliners. Advancing volume exceeded declining volume by 130.51m to 25.41m shares. The biggest gainers (percentage-wise) were –

  • Advanced Micro Devices (AMD) +0.38 (9.5%) to $4.4 on volume of 43.25m shares;
  • National Semiconductor (NSM) +0.64 (2.6%) to $24.97 on volume of 0.51m shares;
  • Marvell Technology (MRVL) +0.12 (1%) to $11.8 on volume of 7.97m shares;
  • Micron Technology (MU) +0.07 (1%) to $6.89 on volume of 31.81m shares; and
  • Texas Instruments (TXN) +0.13 (0.4%) to $29.36 on volume of 7.84m shares.

The ChildKiller (“Defence”) index (DFX) added 0.47 points (0.12%) to 382.99 points. Total volume traded in the 17 components of the index was 45.05m shares. Advancers outpaced decliners by 1.3 to one, with 9 advancers to 7 decliners; however declining volume was greater than advancing volume by 35.09m to 9.96m shares. The biggest gainers (percentage-wise) were –

  • Esterline Tech (ESL) +0.83 (1.5%) to $54.92 on volume of 0.23m shares;
  • Northrop Grummanl (NOC) +0.65 ( 1%) to $67.85 on volume of 1.65m shares;
  • Embraer Empresa (ERJ) +0.18 (0.7%) to $25.91 on volume of 0.66m shares;
  • Lockheed Martin (LMT) +0.57 (0.6%) to $90.89 on volume of 0.95m shares; and
  • L-3 Holdings (LLL) +0.38 (0.5%) to $69.76 on volume of 0.61m shares.