Quick Look Market Closing Price:
At the close: Dow -0.13% to 12446. S&P +0.04% to 1293. Nasdaq +0.31% to 2711.
Treasurys: 30-year +0.74%. 10-yr +0.36%. 5-yr +0.13%.
Commodities: Crude -1.09% to $101.13. Gold +0.65% to $1642.15.
Currencies: Euro -0.58% vs. dollar. Yen +0.07%. Pound +1.05%.
After Hours News:
Questcor Pharmmaceuticals (QCOR -14.9%), crushed today by the mere announcement of an upcoming report from TheStreetSweeper, rises 3.3% AH after issuing a statement asserting its marketing and business practices are clean, and that it "plans to speak" with TheStreetSweeper regarding the matter.
Monster Beverage (MNST - formerly Hansen Natural) is announcing a 2-for-1 stock split, effective Feb. 15. A recent shareholder vote signaled such a move was on the way. Nonetheless, shares are up 1.7% AH.
Walter Energy, Inc. (WLT)- Fast money pick in ah Wednesday. Shares +2.8% AH
Chevron (CVX) drops 1.6% AH after warning it expects its Q4 earnings to be "significantly below" Q3 levels, thanks to its downstream business operating near breakeven. The oil giant blames the downstream weakness on lower margins and refinery input volumes, along with the absence of an asset sale. Chevron will post its Q4 report on Jan. 27. XOM -1%.
Regions Financial (RF) agrees to sell Morgan Keegan to Raymond James (RJF) for $930M. RJF -0.5%, RF -0.8% AH.
PVH falls 6.3% AH after preannouncing Q4 earnings and issuing 2012 guidance. While PVH expects Q4 EPS of $1.08-$1.10 (above a $1.07 consensus), thanks to the strong performance of its Calvin Klein and Tommy Hilfiger brands, its 2012 EPS guidance of $5.90-$6 is only in-line with a $5.97 consensus. A weak euro, rising pension costs, and gross margin pressure are expected to impact 2012 results.
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