End-of-Day Market Summary for January 19, 2012

This is your Benzinga news summary for Thursday, January 19, 2012, covering headlines from Thursday's daytime trading session. Today at market close, the Dow Jones Index traded up about 45.03 points 0.36%, the S&P 500 traded 0.49% higher, the Nasdaq Composite Index traded up 0.67%, and the U.S. dollar trades slightly lower near the $80.25 level. Earlier today, UBS upgraded ON Semiconductor
ONNN
to Buy and Canaccord upgraded Garmin
GRMN
to Buy. Citi downgraded Kinder Morgan
KMI
to Sell and Miller Taback downgraded Scripps Networks
SNI
to Neutral. Overseas, European markets ended their trading session higher. Britain's FTSE 100 gained 0.68%, Germany's DAX increased by 0.97% and France's CAC 40 rallied by 1.96% on the session. Asian stocks ended their session higher. China's Shanghai Index slid by 1.33%, Japan's Nikkei 225 increased by 1.04%, and the Hang Seng index gained 1.3%. On the economic calendar, CPI MoM came in at 0% versus an estimate of 0.1%, Housing Starts came in at 657K versus an estimate of 680K, Initial Jobless Claims came in at 352K versus an estimate of 384K, Philadelphia Fed came in at 7.3 versus an estimate of 10.3. On the commodity front,
gold
and
silver
futures traded higher today, with gold trading about 0.1% higher today. Energy futures are lower, with
crude oil
down over 0.1% near the $100.75 level and
gasoline
futures are trading lower by about 0.1%.
Natural Gas
futures are lower by about 6.8% and
copper
futures are trading over 0.4% higher. Today's afternoon earnings announcements included Google Reports Q4 EPS $9.50 vs $10.46 Est; Revenues $8.13B vs $8.38B Est; International Business Machines Reports Q4 EPS $4.71 vs $4.62 Est; Revenues $29.5B vs $29.75B Est ; Intel Reports Q4 EPS $0.64 vs $0.61 Est; Revenues $13.89B vs $13.72B Est; Flextronics International Reports Q3 EPS $0.18 vs $0.20 Est; Revenues $7.50B vs $7.48B Est. In corporate news, PostRock Energy Corp
PSTR
announced that
it is exploring strategic alternatives for the KPC pipeline
. It may be selling the asset. Hercules Technology Growth Capital
HTGC
announced that
it will offer 5 million common shares on the open equity markets in the near future
. Merchants Bancshares
MBVT
announced that
it will start paying a dividend of $0.28 per share
. This concludes your news summary for January 19, 2012.
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