Midday Update for 25-Jan-11 12:15 ET
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Stock Market Update
12:00 ET Dow -57.67 at 11926.22, Nasdaq -14.41 at 2704.32, S&P -6.71 at 1284.13:
[BRIEFING.COM] Stocks have stabilized since succumbing to a recent bout of selling pressure. Weakness remains widespread, though, as only telecom sports any kind of a gain. Telecom stocks are currently up a collective 0.7%.

Energy stocks remain in the worst shape. They are down 1.2%. But with a 0.9% loss, financials aren't too far behind. The financial sector has been dragged down by weakness in American Express (AXP 44.43, -1.36), which is down 3% after investors shrugged off the firm's in-line earnings results.

Regional banks were a source of weakness for the financial sector yesterday, but they are more mixed this session. KeyCorp (KEY 8.92, +0.31) is up sharply following its better-than-expected earnings report, but Regions Financial (RF 6.99, -0.31) has fallen precipitously following an upside earnings surprise of its own.

..NYSE Adv/Dec 996/1885. ..NASDAQ Adv/Dec 796/1732.
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10:57 ET MIPS Q2 EPS Tops Expectations (MIPS) : MIPS Tech (MIPS $13.65 -1.48) reported fourth quarter earnings of $0.14 per share, $0.02 better than the Thomson Reuters consensus of $0.12. Revenues rose 43.9% year-over-year to $21.9 million versus the $22.2 million consensus.
10:50 ET GILD Reports In-line Q4; Announces Buyback (GILD) : Gilead Sciences (GILD $38.95 +0.79) reported fourth quarter earnings of $0.95 per share, in-line with the Thomson Reuters consensus of $0.95. Revenues fell 1.7% year-over-year to $2 billion versus the $1.99 billion consensus.
Earlier today on Story Stocks:
XRX Guides In-line (XRX) 09:50
>> For all of today's stories, go to Story Stocks
Today's Upgrades:
Company Ticker Brokerage Firm
Symantec SYMC Jefferies
Amedisys AMED Jefferies
Universal Stainless/Alloy USAP KeyBanc Capital Mkts
USG USG RBC Capital Mkts
MarkWest Energy MWE RBC Capital Mkts
Global Partners GLP RBC Capital Mkts
Enbridge Energy EEP RBC Capital Mkts
Enbridge Management EEQ RBC Capital Mkts
Duncan Energy DEP RBC Capital Mkts
Family Dollar FDO RBC Capital Mkts
CarMax KMX RBC Capital Mkts
United Continental UAL Dahlman Rose
Smart Balance SMBL Northland Securities
Qualcomm QCOM Morgan Keegan
Netflix NFLX Morgan Keegan
Chico's FAS CHS FBR Capital
Today's Downgrades:
Company Ticker Brokerage Firm
Cardinal Financial CFNL Boenning & Scattergood
Exco Resources XCO KeyBanc Capital Mkts
Murphy Oil MUR Howard Weil
ITT Educational ESI Argus
Sunoco Logistics SXL RBC Capital Mkts
Niska Gas Storage NKA RBC Capital Mkts
Suncor Energy SU Stifel Nicolaus
Rosetta Resources ROSE Stifel Nicolaus
Pioneer Natural Resources PXD Stifel Nicolaus
Newfield Expl NFX Stifel Nicolaus
Forest Oil FST Stifel Nicolaus
Chesapeake Energy CHK Stifel Nicolaus
Canadian Natrl Res CNQ Stifel Nicolaus
RadioShack RSH RBC Capital Mkts
Beacon Roofing Supply BECN RBC Capital Mkts
8x8 EGHT Northland Securities
Synnex SNX Kaufman Bros
Abercrombie & Fitch ANF FBR Capital
Coldwater Creek CWTR FBR Capital
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