Market Wrap: Fed Still Open for Stimuli; Solars Blazing; Nat Gas Hits New Record; Icahn Keeps Cool in Lost Battle

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Market wrap-up for January 11th

End of the Day: Dow Jones down 13.0 to 12,449.45; Nasdaq up 8.3 to 2,710.76; S&P 500 up 0.4 to 1,292.48

The following is a brief summary of events moving markets today:

It's acutally a little more 'ecru.': Fed's Beige Book showed limited effects from inflation and housing pressures trimmed growth in many areas. The report still kept the door open for more stimulus measures moving forward.

For the entire Beige Book, click here.
We need another use for nat gas. This is getting out of hand; Natural gas futures continued lower, hitting their lowest point in two-years, as warmer weather is expected to temper demand for the commodity with its weekly report scheduled for Thursday. Nat gas February contracts ended 16.7 cents lower to $2.774 per mmBtu on the Comex, which is the lowest point since September 2009.
Sun ironically shines on solar sector, sports mustache: Solars made some big gains today, following a report out of China's National Energy Administration said the nation is planning to add about 3 GW of solar capacity over 2012, double China's total solar capacity at the end of 2011. The winner -- one of them, anyway -- was Trina Solar (NYSE: TSL), which ended the session about 29 percent better.
Icahn ends battle for Commercial Metals...for now: Icahn Enterprises Holdings LP (a subsidiary of Icahn Enterprises LP (Nasdaq: IEP) announced that the tender offer for all outstanding shares of common stock of Commercial Metals Company (NYSE: CMC) for $15.00 per share in cash expired at midnight, Tuesday, January 10, 2012. Only about 23 percent of shares were tendered, and Icahn is ending his proxy battle.
Blue means its cold: Beer Marketer's Insights reported that Coors Light (NYSE: TAP) ousted Bud (NYSE: BUD) as the number two best-selling beer in America. In 2011, Coors sold 18.23 million barrels, up 0.8 percent, while Bud sales fell 4.6 percent to 17.7 million barrels.

*sigh* Bud Light is still number one.