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From Briefing.com: 4:10 pm : The major averages ended the Tuesday session on their lows with the S&P 500 sliding 0.7%. Small-cap stocks outperformed yesterday, but the Russell 2000 erased Monday's uptick with a 1.2% decline.

Equity indices spent the entire session in the red with the early pressure coming from the financial sector (-1.0%). The second-largest group by market cap slumped out of the gate amid broad weakness in top-weighted components. Bank of America (BAC 16.14, -0.21), Citigroup (C 51.27, -0.78), and JPMorgan Chase (JPM 59.06, -0.83) lost between 1.3% and 1.5%, while the sector acted as a drag on the market throughout the session.

Meanwhile, the consumer discretionary space (-1.0%) also weighed with the SPDR S&P Retail ETF (XRT 88.06, -0.86) falling 1.0%. The quick-service restaurant space did not fare much better as McDonald's (MCD 91.09, -1.41) fell 1.5% after reporting a 3.7% decline in comparable store sales during August. The decline was paced by a 14.5% slump in Asia following the recent food safety scandal.

Elsewhere, the top-weighted sector-technology (-0.6%)-endured a choppy session before settling on its low. Shares of Apple (AAPL 97.99, -0.37) were responsible for the volatile action, with the stock surging on the announcement that near field communication capabilities will be included in the upcoming version of the iPhone. Despite the spike, Apple slumped from highs to lows after revealing the long-rumored "Apple Watch," which will be available next year.

Combined with the underperformance of the aforementioned sectors, the afternoon retreat in Apple pressured the market to fresh lows.

Despite the weakness in three top-weighted sectors, another influential group-health care (-0.3%)-kept the market from extending its loss. Insurers and managed care names outperformed, while biotechnology slumped. Tenet Healthcare (THC 60.97, +1.98) jumped 3.4% after Deutsche Bank added the stock to its short-term buy list, while the iShares Nasdaq Biotechnology ETF (IBB 269.60, -3.46) fell 1.3%.

Similar to health care, the consumer staples sector (-0.3%) outperformed, while telecom services (-1.2%) and utilities (-1.2%) lagged.

Economic data was limited to the Job Openings and Labor Turnover Survey for July, which indicated job opening decreased to 4.673 million from 4.675 million.

Tomorrow, the weekly MBA Mortgage Index will be released at 7:00 ET, while the Wholesale Inventories report for July (Briefing.com consensus 0.5%) will cross the wires at 10:00 ET.


Nasdaq Composite +9.0% YTD
S&P 500 +7.6% YTD
Dow Jones Industrial Average +2.6% YTD
Russell 2000 -0.4% YTD

DJ30 -97.55 NASDAQ -40.00 SP500 -13.10 NASDAQ Adv/Vol/Dec 660/1.82 bln/2179 NYSE Adv/Vol/Dec 707/587.1 mln/2353 3:30 pm :

Dec gold extended yesterday's losses as a slightly stronger dollar index weighed on prices. The yellow metal brushed a session high of $1258.10 per ounce in early morning pit trade but slipped into the red as the session progressed.
It traded as low as $1248.10 per ounce, its lowest level since June, and settled with a 0.5% loss at $1248.60 per ounce.
Dec silver also retreated into negative territory after touching a session high of $19.08 per ounce in morning action. It eventually settled at $18.92 per ounce, or 0.3% lower.
Oct crude oil touched a session high of$93.68 per barrel as floor trade opened but pulled back as the session progressed. It brushed a session low of $92.52 per barrel and settled at $92.73 per barrel, or 0.1% higher.
Oct natural gas extended yesterday's gains as it rose from a session low of $3.93 per MMBtu. It traded as high as $4.02 per MMBtu and settled with a 2.6% gain at $3.98 per MMBtu.

4:43 pm Diodes sees Q3 revs of $230-238 mln (slightly narrowed from $228-238 mln) vs $234.44 mln Capital IQ Consensus Estimate; narrows Q3 gross profit margin guidance to 31-33% from 29.8-33.8% (DIOD) : Co currently expects third quarter revenue to range between $230 million and $238 million (vs $234.44 mln Capital IQ Consensus Estimate), or up 3.0 percent to 6.6 percent sequentially, compared to its original guidance of between $228 million and $238 million, or up 2.1 percent to 6.6 percent sequentially. Diodes is increasing its gross profit margin guidance to be 32.0 percent, plus or minus 1 percent, compared to its original guidance of 31.8 percent, plus or minus 2 percent. Diodes is maintaining its guidance for operating expenses to be approximately 21.0 percent of revenue, plus or minus 1 percent, income tax rate to be 22 percent, plus or minus 3 percent and shares used to calculate GAAP earnings per share to be approximately 48.8 million.

4:06 pm Qualcomm extends the benefits of LTE and carrier aggregation to entry-level smartphones and tablets (QCOM) : Qualcomm Technologies extends 3G/4G LTE reach to all Snapdragon processor tiers, expands Reference Design Program and further innovates RF Front-End solutions. The Snapdragon 210 processor and QRD reference tablet are expected to be available in commercial devices in the first half of 2015. The new RF360 front end products are expected to be available in commercial devices in the second half of 2014.

4:02 pm Solar Power announces agreement to acquire 26.57 Megawatts of Solar PV projects in Greece (SOPW) :

Co has entered into an agreement to acquire Sinsin Renewable. SRIL owns solar photovoltaic projects in Greece with an annual nameplate capacity of 26.57 megawatts . Under the terms of the agreement, SPI's subsidiary, SPI China will acquire all of the outstanding capital stock of SRIL from Sinsin Europe Solar Asset and Sinsin Solar Capital for an aggregate purchase price of 70,600,000 Euros (U.S. $91,780,000) using a mixture of cash and SPI shares, including $27.5 million in SPI shares at $0.72 a share, with closing expected in September 2014. Additionally, the agreement contains a provision specifying that Sinsin or its affiliates may appoint SPI and its subsidiaries to provide engineering, procurement and construction services on up to 360 MW of additional solar PV projects that Sinsin intends to invest in and/or develop over the next three years.

2:47 pm Apple confirms Apple Watch-Apple's most personal device ever; to be available in early 2015 for $349, come in varying colors and designs, two sizes, and with wrist vibration notifications; will have Passbook capabilities (AAPL) :

2:47 pm Apple confirms Apple Pay (AAPL) : Co announced Apple Pay works with iPhone 6 and iPhone 6 Plus through a NFC (NXPI) antenna design. Apple Pay supports credit and debit cards from the three major payment networks, American Express (AXP), MasterCard (MA) and Visa (V).

2:01 pm Western Digital's HGST extends development agreement with Intel (INTC) for HGST's enterprise-class SAS SSDs (WDC) : Co announced it will extend the use of Intel NAND Flash technology as part of a cooperative agreement with Intel Corporation (INTC) on Serial Attached SCSI solid state drives. Since 2008, HGST has successfully worked with Intel to develop industry-leading enterprise-class SAS SSDs for servers, workstations and storage systems. The resulting products have combined HGST's enterprise storage experience with Intel's NAND Flash expertise, and are the foundation for HGST's leading position in SAS SSDs.

12:10 pm Notable movers of interest (:SCANX) : The following are some of today's most notable movers of interest, categorized by market capitalization (large cap over $10 billion and mid cap between $2-10 billion) and ranked by % change (all stocks over 100K average daily volume).

Large Cap Gainers

MBLY (58.29 +9.96%): Tgt raised to $65 from $46 at Morgan Stanley.
ECA (23.27 +3.42%): Co sold PrairieSky Royalty stake for CAD2.6 bln, according to reports.
NVO (45.84 +2.37%): Co announced the FDA has published the briefing documents ahead of the Sep 11 2014 Advisory Committee meeting to discuss the NDA for Saxenda, the intended brand name forliraglutide 3 mg for the treatment of obesity.

Large Cap Losers

VIV (21.78 -2.51%): Moody's changed outlook of Brazil's rating to negative from stable; affirms Baa2 government bond rating (CIG also lower).
IRE (16.5 -1.96%): Downgraded to Neutral from Buy at UBS
.UA (71.2 -2.05%): Favorable mention on Monday's Mad Money.

Mid Cap Gainers

WB (21.7 +7.85%): Initiated with a Buy at T.H. Capital; tgt $24.
THC (62.35 +5.69%): Added to Short-Term Buy list at Deutsche Bank.
HDS (28.52 +4.13%): Beat on EPS by $0.04, beat on revs; guided Q3 EPS in-line, revs in-line.

Mid Cap Losers

LDOS (31.9 -15.74%): Missed on EPS by $0.01, beat on revs; guided FY15 EPS below consensus, revs in-line.
PF (32.21 -4.01%): Filed mixed securities shelf offering; announced secondary offering of 15 mln shares of common stock by selling shareholders.
AVP (13.16 -3.66%): Announced resignation of CFO Kimberly Ross; Robert Loughran appointed acting CFO effective Oct 2, 2014; upgraded to Buy from Neutral at BTIG Research; downgraded to Neutral from Buy at Citigroup; tgt lowered to $15 from $18.

12:00 pm Stocks/ETFs that traded to new 52 week highs/lows this session - New highs (90) outpacing new lows (66) (:SCANX) : Stocks that traded to 52 week highs: ABAX, ACT, ADM, ALX, AMBA, BDSI, BHBK, BKS, BURL, CHE, CIO, CMCM, CMRX, CNW, CORE, CTLT, CTP, CVGW, CVTI, CYH, DECK, DFT, ECHO, EEP, ENI, ENPH, EPD, ETE, EW, EXP, FB, FDP, FOLD, FSFG, GD, GFIG, GPRO, HAIN, HCA, HNT, HTLD, ICLR, IESC, INGR, IT, KED, KEX, KINS, LDL, LH, LUV, MBLY, MDT, MDVN, MEP, MSFT, MTSI, NATH, NCS, NFLX, PAA, PBIP, PLOW, PNK, PTCT, RADA, RAIL, SCOK, SPCB, TCP, TEDU, TEP, THC, THRM, TNAV, TRP, UAL, UEPS, UGI, UNH, UTHR, UTSI, VIMC, WIFI, WLP, WOOF, WRE, WWAV, YHOO, YY

Stocks that traded to 52 week lows: ACPW, AGCO, ALXA, AMCC, AMPE, AMZG, AOI, ARNA, ASTM, AXX, BAGL, BAXS, BECN, CACQ, CCSC, CLD, CLRB, CNHI, CNSI, CREE, CTG, CYTX, DLA, DXLG, FI, FRM, FVE, GTE, HGG, HIBB, HLF, I, ICFI, IRG, ISH, ISSC, KEG, KZ, LDOS, LDR, MCD, MCP, MRKT, MXL, NCMI, PERI, PGN, PULS, RIG, RIGL, RLOC, SALE, SHOS, SOQ, SWHC, SZMK, TAC, TITN, TRS, TWI, UBNK, VCRA, VIDE, VIVO, WH, WTSL

ETFs that traded to 52 week highs: PPH, UUP

ETFs that traded to 52 week lows: JJA, JJG, RJA, SGG

6:33 am Integrated Device is working closely with Intel (INTC) on the development of wireless charging solutions to accelerate the delivery and adoption of the nascent technology (IDTI) : Co announced at the Intel Developer Forum that it is working closely with Intel (INTC) on the development of wireless charging solutions to accelerate the delivery and adoption of the nascent technology.

The two cos will define, design and manufacture next-generation solutions that comply with the A4WP magnetic resonance standard. The new technology will offer the ability to charge both lower and higher power devices, from wearables and phones to tablets and PCs. The companies expect to have their technology in products in 2015.In addition, co announced completion of OEM and memory supplier qualification of its DDR4 chipset on enterprise servers designed with the Intel Xeon processor E5-2600 v3 family. DDR4 RDIMM and LRDIMM modules featuring IDT registers and data buffers are now available from memory suppliers for production shipments on Intel Xeon processor E5-2600 v3 family-based servers.Finisar (FNSR) announced the upgrade of the WaveShaper 16000 to a 4x16 port structure. Designed for R&D applications in advanced optical networking, the enhanced WaveShaper 16000 allows switching and filtering of optical signals with arbitrary amplitude and phase between any input and output port combination.