End-of-Day Market Summary for November 9, 2011

This is your Benzinga news summary and traders' summary for Wednesday, November 9, 2011, covering headlines from Wednesday's trading session. Today at market close, the Dow Jones Index traded down about 389.31 points or 3.2%, the S&P 500 traded 3.67% lower, the Nasdaq Composite Index traded down 3.88%, and the U.S. dollar trades higher near the $78.10 level. Earlier today, Global Hunter upgraded Carrizo Oil CRZO to Buy and Oppenheimer upgraded H&R Block HRB to Outperform. View all of today's upgrades here. UBS downgraded Rubicon Technologies RBCN to Neutral and Piper Jaffray downgraded Dolby Laboratories DLB to Neutral. View all of today's downgrades here. Overseas, European markets ended their trading session lower. Britain's FTSE 100 lost 1.92%, Germany's DAX decreased by 2.21% and France's CAC 40 slid by 2.17% on the session. Asian stocks ended their session higher, however. China's Shanghai Index gained 0.84%, Japan's Nikkei 225 increased by 1.15%, and the Hang Seng index rallied by 1.71%. On the economic calendar, MBA Mortgage Applications came in at 10.3% versus a previous number of 0.2%; Wholesale Inventories came in at -0.1% versus an estimate of 0.5%. On the commodity front, gold and silver futures traded lower today, with gold trading about 1.6% lower today. Energy futures are lower as well, with crude oil down over 0.7% near the $96.10 level and gasoline futures are trading lower by about 2.06%. Natural Gas futures are lower by about 2.3% and copper futures are trading over 3.9% lower. On the earnings front this afternoon, Cisco Systems CSCO Reports Q1 EPS $0.43 vs $0.39 Est; Revenues $11.3B vs $11.02B Est; Green Mountain Coffee GMCR Reports Q4 EPS $0.47 vs $0.48 Est; Sales $711.90M vs $760.48M Est; General Motors GM Reports Q3 EPS $1.03 vs $0.96 Est; Revenues $36.7B vs $36.66B Est; Macy's M Reports Q3 EPS $0.32 vs $0.16 Est; Revenues $5.85B vs $5.89B Est. In corporate news, Sprint S announced that it closed over $4 billion in notes. The company intends to use the net proceeds for general corporate purposes. General Dynamics GD announced that the US Navy has awarded it an $87 million contract. The contract's proceeds will be used to developed unmanned underwater vehicles. The timeframe for the contract was undisclosed. Plug Power PLUG announced that it will join Air Liquide to develop fuel cell products. The joint venture is being pursued to maximize activity in European markets. Today's movers include:

KIT Digital KITD +33% on positive Q3 earnings and Q4 guidance

Barnes & Noble BKS +12.3% after resolving a $36.4M claim in court

Sodastream SODA +6.9% after announcing plans to expand internationally

IntraLinks Holdings IL -37.75% on poor Q3 earnings and Q4 guidance

Blue Nile NILE -31.7% after announcing management changes and poor earnings

Maidenform Brands MFB -26.5% after announcing poor Q3 earnings Q4 guidance

This concludes your news summary for November 9, 2011.