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Five to go. Markets are an amazingly efficient way to get things done.
Headline Indices
The Dow Jones Industrial Average lost 7.49 points (0.09%) to 8497.18 points. The index high for the day was 8563.01, while the low was 8461.29. Total volume traded in the 30 components of the index was 1.56bn shares. Decliners outpaced gainers by 1.1 to one, with 15 decliners to 14 advancers. Declining volume was greater than advancing volume by 1.23bn to 332.07m shares. The main decliners (in percentage terms) were -
- Citigroup (C) -0.17 (5.2%) to $3.08 on volume of 337.1m shares;
- General Electric (GE) -0.53 (4.1%) to $12.25 on volume of 129.1m shares;
- Alcoa (AA) -0.41 (3.8%) to $10.49 on volume of 41.69m shares; and
- Bank Of America (BAC) -0.43 (3.4%) to $12.3 on volume of 441.9m shares.
The S&P500 Index fell 1.26 points (0.14%) to 910.71 points. Total volume traded in the 500 components of the index was 4.72bn shares. Decliners outpaced gainers by 1.1 to one, with 247 decliners to 228 advancers. Declining volume was greater than advancing volume by 3.09bn to 1.58bn shares. The main decliners (in percentage terms) were -
- E*Trade Financial Corp. (ETFC) -0.19 (11.5%) to $1.46 on volume of 78.57m shares;
- American CapitalLtd. (ACAS) -0.35 (9%) to $3.54 on volume of 8.51m shares;
- Marshall & Ilsley Corp. (MI) -0.51 (9%) to $5.16 on volume of 15.73m shares;
- ProLogis (PLD) -0.74 (8.4%) to $8.04 on volume of 14.22m shares; and
- Genworth Financial Inc. (GNW) -0.5 (7.9%) to $5.79 on volume of 17.32m shares.
The Nasdaq Composite added +11.88 points (0.66%) to 1808.06 points. while the Nasdaq100 gained +12.64 points (0.88%) to 1455.89 points. Total volume traded in the 100 components of the NDX was 926.41m shares. Advancers outpaced decliners by 2 to one, with 64 advancers to 32 decliners. Advancing volume exceeded declining volume by 665.89m to 242.66m shares. The biggest gainers (percentage-wise) were -
- Sirius Satellite Radio (SIRI) +0.074 (23%) to $0.396 on volume of 82.99m shares;
- Apollo Group (APOL) +2.88 (4.5%) to $66.40 on volume of 3.33m shares;
- Celgene (CELG) +1.82 (4.2%) to $44.94 on volume of 7.01m shares;
- UAL (UAUA) +0.16 (4.2%) to $3.98 on volume of 15.06m shares; and
- Genzyme (GENZ) +2.13 (4%) to $54.88 on volume of 7.16m shares.
Volatility
The CBOE Volatility Index slid 1.14 points (3.49%) to 31.54 points. and the CBOE Nasdaq100 Volatility Index dropped 0.85 points (2.63%) to 31.47 points..
Breadth and Internals
A total of 3817 issues traded today on the NYSE; 1598 stocks posted gains for the day, and there were 2122 losers. 9 stocks made new 1-year highs on the NYSE, while 50 shares plumbed new 52-week depths.
On the Nasdaq 2819 tickers traded today; total Nasdaq volume was 2.49bn shares. A total of 1417 stocks posted gains for the day, with aggregate volume of 1.35bn shares changing hands in the day's winners. The red zone of the Nasdaq exchange comprised 1276 losers, and total declining volume was 1.11bn shares. 23 Nasdaq-listed stocks hit new 52-week highs, while 20 shares dipped to new 1-year lows.
| Major Market Statistics | |||
| Index | Close | Gain(Loss) | % |
| Dow Jones Industrial Average | 8497.18 | -7.49 | -0.09% |
| S&P500 Index | 910.71 | -1.26 | -0.14% |
| Nasdaq Composite | 1808.06 | +11.88 | 0.66% |
| Nasdaq100 | 1455.89 | +12.64 | 0.88% |
| CBOE Volatility Index | 31.54 | -1.14 | -3.49% |
| CBOE Nasdaq100 Volatility Index | 31.47 | -0.85 | -2.63% |
Dow Darlings
- Pfizer (PFE) +0.42 (3%) to $14.58 on volume of 54.8m units
- Home Depot (HD) +0.45 (1.9%) to $23.65 on volume of 19m units
- Intel (INTC) +0.28 (1.8%) to $16.14 on volume of 57.7m units
- Hewlett-Packard (HPQ) +0.58 (1.6%) to $37.42 on volume of 16.9m units
- Merck (MRK) +0.34 (1.4%) to $24.77 on volume of 23.5m units
Dow Duds:
- General Electric (GE) -0.53 (4.1%) to $12.25 on volume of 129.1m units
- Alcoa (AA) -0.41 (3.8%) to $10.49 on volume of 41.7m units
- Bank Of America (BAC) -0.43 (3.4%) to $12.30 on volume of 441.9m units
- American Express (AXP) -0.74 (3%) to $23.95 on volume of 17.8m units
- JPMorganChase (JPM) -0.77 (2.3%) to $32.73 on volume of 65.4m units
Most Traded Dow stocks:
- Bank Of America (BAC) -0.43 (3.4%) to $12.30 on volume of 441.9m units
- General Electric (GE) -0.53 (4.1%) to $12.25 on volume of 129.1m units
- Microsoft (MSFT) +0.23 (1%) to $23.68 on volume of 84.1m units
- JPMorganChase (JPM) -0.77 (2.3%) to $32.73 on volume of 65.4m units
- Intel (INTC) +0.28 (1.8%) to $16.14 on volume of 57.7m units
Precious Metals
The Gold Bugs index (XAU) slid 0.79 points (0.56%) to 139.77 points. Total volume traded in the 16 components of the index was 102.72m shares. Decliners outpaced gainers by 1.3 to one, with 9 decliners to 7 advancers. Declining volume was greater than advancing volume by 66.66m to 36.05m shares. The main decliners (in percentage terms) were -
- Freeport McMoran (FCX) -1.91 (3.6%) to $50.48 on volume of 28.1m shares;
- RandGold Resources (GOLD) -1.40 (2.1%) to $65.20 on volume of 1.8m shares;
- Silver Stand Resources (SSRI) -0.40 (2%) to $19.22 on volume of 1.1m shares;
- Pan-American Silver (PAAS) -0.35 (1.7%) to $20.39 on volume of 1.3m shares; and
- Silver Wheaton (SLW) -0.12 (1.3%) to $8.80 on volume of 9.54m shares.
Energy Complex
The Oil Services index (OSX) declined 1.89 points (1.05%) to 178.9 points. Total volume traded in the 15 components of the index was 115.22m shares. None of the 15 index components rose today: 15 stocks within the index fell, with downside volume of 115.22m shares. The main decliners (in percentage terms) were -
- Weatherford International (WFT) -0.93 (4.4%) to $20.13 on volume of 19.34m shares;
- BJ Services (BJS) -0.60 (4.1%) to $14.02 on volume of 10.61m shares;
- Smith International (SII) -1.15 (4%) to $27.36 on volume of 6.87m shares;
- Oceaneering International (OII) -1.90 (3.9%) to $47.16 on volume of 1.03m shares; and
- National Oilwell Varco (NOV) -1.39 (3.8%) to $34.87 on volume of 7.4m shares.
Bellwethers
The nine-stock group that makes up the Rant bellwethers declined on average by 2%. The fallout occurred as follows:
- General Electric (GE) -0.53 (4.15%) to $12.25 on volume of 129.11m units.
- Citigroup (C) -0.17 (5.23%) to $3.08 on volume of 337.1m units.
- Wal-Mart (WMT) +0.31 (0.64%) to $48.56 on volume of 19.2m units.
- IBM (IBM) -0.32 (0.3%) to $107.00 on volume of 7.36m units.
- Intel (INTC) +0.28 (1.77%) to $16.14 on volume of 57.71m units.
- Cisco Systems (CSCO) +0.12 (0.63%) to $19.20 on volume of 46.71m units.
- Google (GOOG) -0.84 (0.2%) to $415.16 on volume of 3.4m units.
- Fannie Mae (FNM) -0.04 (5.97%) to $0.63 on volume of 13.81m units.
- Freddie Mac (FRE) -0.04 (5.56%) to $0.68 on volume of 5.17m units.
Other Indices of Interest...
The Banks index (BKX) declined 1.21 points (3.29%) to 35.52 points. Total volume traded in the 24 components of the index was 1.25bn shares. Decliners outpaced gainers by 20 to one, with 20 decliners to 1 advancers. Declining volume was greater than advancing volume by 1.25bn to 7.54m shares. The main decliners (in percentage terms) were -
- New M&I Corporation (MI) -0.51 (9%) to $5.16 on volume of 15.73m shares;
- Keycorp (KEY) -0.46 (7.8%) to $5.46 on volume of 38.1m shares;
- Zions Bancorp (ZION) -0.93 (6.7%) to $12.9 on volume of 6.04m shares;
- Regions Financial (RF) -0.26 (6.1%) to $3.99 on volume of 57.66m shares; and
- Wells Fargo (WFC) -1.31 (5.4%) to $23.09 on volume of 99.67m shares.
The Semiconductor index (SOX) was unchanged at 271.31 points. Total volume traded in the 18 components of the index was 287.5m shares. Advancers outpaced decliners by 4.7 to one, with 14 advancers to 3 decliners. Advancing volume exceeded declining volume by 221.58m to 65.92m 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 -
- Texas Instruments (TXN) +0.68 (3.3%) to $21.41 on volume of 31.76m shares;
- Marvell Technology (MRVL) -0.29 (2.4%) to $11.66 on volume of 27.5m shares;
- Broadcom (BRCM) +0.54 (2.1%) to $25.96 on volume of 8.57m shares;
- Micron Technology (MU) +0.1 (1.9%) to $5.3 on volume of 17.57m shares; and
- Intel (INTC) +0.28 (1.8%) to $16.14 on volume of 57.71m shares.
The ChildKiller ("Defence") index (DFX) advanced 5.05 points (1.93%) to 266.21 points. Total volume traded in the 17 components of the index was 156.62m shares. Advancers outpaced decliners by 1.1 to one, with 8 advancers to 7 decliners; however declining volume was greater than advancing volume by 136.22m to 16.62m shares. The biggest gainers (percentage-wise) were -
- Embraer Empresa (ERJ) +0.24 (1.5%) to $16.52 on volume of 1.23m shares;
- Raytheon (RTN) +0.46 (1%) to $45.31 on volume of 2.13m shares;
- ITT Corporation (ITT) +0.35 (0.8%) to $45.27 on volume of 1.47m shares;
- Northrop Grummanl (NOC) +0.26 (0.6%) to $47.11 on volume of 1.84m shares; and
- Rockwell Collins (COL) +0.23 (0.5%) to $43.74 on volume of 0.87m shares.
