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Chart for NASDAQ Composite Index (^IXIC)
Chart for Dow Jones Industrial Average Index (^DJI)
Symbol Last Change
Dow 14,700.95 Down 138.85 (0.94%)
Nasdaq 3,299.13 Down 29.66 (0.89%)
S&P 500 1,582.70 Down 14.87 (0.93%)
10-Yr Bond 1.64% Down 0.04
NYSE Volume 3,363,533,000.00
Nasdaq Volume... 1,591,435,375.00
Indices: US - World | Most Actives

Advances & Declines

  NYSE NASDAQ
Advances 1,114 (27%) 513 (20%)
Declines 2,824 (68%) 1,904 (76%)
Unchanged 186 (5%) 97 (4%)
Up Vol* 675 (20%) 430 (27%)
Down Vol* 2,628 (78%) 1,154 (72%)
Unch. Vol* 60 (2%) 8 (0%)
New Hi's 698 267
New Lo's 88 66
*in millions

Most Actives

NYSE LAST CHANGE
BHP 65.85 0.00%
RIO 44.82 0.00%
ABB 22.34 0.00%
CCL 33.93 0.00%
BP 43.32 0.00%
Nasdaq LAST CHANGE
FB 27.43 0.00%
VOD 30.54 0.00%
NUAN 18.97 0.00%
STX 36.94 0.00%
CTRX 57.01 0.00%
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4:15 pm : Equities ended today's session on their lows as global growth concerns reemerged. The three major indices all lost 0.9%, but the underperformance of small cap stocks was notable as the Russell 2000 slid 2.5%.

Although most markets across the globe were closed in observance of Labor Day, some countries continued reporting their economic data.

China reminded investors of its importance to the global economy as the decline in the country's Manufacturing PMI (50.6 actual, 50.9 prior, 51.0 consensus) along with a disappointing U.S. ISM Index (50.7 actual, 51.3 prior, 51.0 consensus) pressured commodities and commodity-related sectors.

As a result, energy and materials both ended with losses near 1.7%. Crude oil settled lower by 2.7% at $90.95 after today's inventory report revealed that crude stockpiles climbed to 6.696 million barrels, a record high dating back to 1982 when the Energy Information Administration began tracking the data.

Meanwhile, the materials sector declined throughout the day as related metals sold off. Gold futures fell 1.1% to $1455.90 per troy ounce after being down as much as 2.1% intraday. Meanwhile, copper was unable to bounce off its lows as the red metal declined 3.8% to $3.068 per pound.

The relative weakness of gold pressured miners as the Market Vectors Gold Miners ETF (GDX 29.65, -0.71) settled lower by 2.3%. Steelmakers also displayed weakness throughout the day, and the Market Vectors Steel ETF (SLX 41.56, -0.87) slumped 1.9%. Disappointing manufacturing data from China and the U.S. weighed on the group, and Alcoa's (AA 8.43, -0.07) announcement of a possible curtailment of its smelting capacity reflected the

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In Play ®


6:59AM Plains Exploration beats by $0.23, beats on revs (PXP) 45.16 : Reports Q1 (Mar) earnings of $1.05 per share, excluding non-recurring items, $0.23 better than the Capital IQ Consensus Estimate of $0.82; revenues rose 135.0% year/year to $1.23 bln vs the $1.2 bln consensus.

  • Total daily sales volumes averaged 170.4 thousand barrels of oil equivalent, a 92% increase per diluted share compared to first-quarter 2012
  • Oil daily sales volumes averaged 129.2 thousand barrels, a 158% increase per diluted share compared to first-quarter 2012
  • Phobos discovery well announced, encountering ~250 net feet of high-quality lower Tertiary oil pay in the Gulf of Mexico

6:58AM Liquidity Services reports EPS in-line, misses on revs; guides Q3 EPS below consensus; reaffirms FY13 EPS guidance (LQDT) 32.53 : Reports Q2 (Mar) earnings of $0.48 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.48; revenues rose 3.7% year/year to $130.32 mln vs the $140.14 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.49-0.54 vs. $0.55 Capital IQ Consensus Estimate. Co reaffirms guidance for FY13, sees EPS of $1.90-2.02 vs. $1.96 Capital IQ Consensus Estimate.

6:45AM On The Wires (WIRES) :

  • JAKKS Pacific (JAKK) has expanded its worldwide agreement with Lucasfilm to include the Revenge of the Sith 501st Legion Clone Trooper and Shock Trooper to its 31" Giant Figure lineup.
  • R. R. Donnelley & Sons (RRD) has been awarded a multi-year multi-million dollar agreement to provide catalog services to AmeriMark Direct and its Dr Leonard's Healthcare business. The agreement extends and significantly expands the cos' relationship.

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Today's Highlights

Upgrades
Company Name Symbol Details Analyst
Amtrust Financial AFSI Buy Compass Point
Seagate Tech STX Buy Needham
AmBev ABV Overweight HSBC Securities
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Downgrades
Company Name Symbol Details Analyst
Regal-Beloit RBC Neutral Robert W. Baird
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Earnings
Company Name Symbol EPS Estimate Call
DSM DSM.AS N/A N/A
BMW BMW.DE Call SWISS RE N
SREN.VX N/A N/A
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Economic
Statistic For/Time Actual Prior
Challenger Job Cuts Apr/07:00 AM - 30.0%
Initial Claims 04/27/08:00 AM - 339K
Continuing Claims 04/20/08:00 AM - 3000K
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