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From Briefing.com: Weekly Recap - Week ending 12-Sep-14Dow -61.49 at 16987.51, Nasdaq -24.21 at 4567.60, S&P -11.91 at 1985.54

Equity indices extended this week's losses with a broad-based retreat. The S&P 500 fell 0.6% to end the week lower by 1.1%, while the Russell 2000 (-1.1%) finished with a 0.9% decline since last Friday.

Staying true to the theme observed throughout the week, the energy sector (-1.5%) tumbled out of the gate, thus dragging the broader market down with it. Once again, dollar strength and crude oil weakness contributed to sector's underperformance, but the growth-sensitive group did not see any respite in the afternoon when the Dollar Index (-0.1%) edged lower, while oil made a short-lived appearance in the green. Late-afternoon weakness sent crude oil (-0.6%; $92.26/bbl) to its lowest level in almost a year, while the energy sector widened its September loss to 5.2%.

Meanwhile, the remaining sectors opened closer to their respective flat lines, but could not climb off those levels as the underperformance of small caps and the big loss in the energy sector kept dip-buyers sidelined. Furthermore, the recognition that next week will include an avalanche of global macro data and the latest FOMC policy decision also factored into the cautious approach.

Interestingly, the energy sector was the only cyclical group that ended behind the broader market. The top-weighted sector-technology-shed 0.4% with the relative strength of Apple (AAPL 101.66, +0.23) masking the losses among high-beta chipmaker stocks. The PHLX Semiconductor Index lost 1.3%.

Elsewhere, the financial sector (-0.1%) lurked near its flat line throughout the session with Dow component Goldman Sachs (GS 183.17, +2.17) contributing to the relative strength. The stock added 1.2%, while the sector ended the week lower by 0.4%.

Things did not look much better on the countercyclical side where all four sectors settled behind the broader market. Consumer staples (-0.7%) and health care (-0.7%) registered comparable losses with the health care sector pressured by biotechnology. The iShares Nasdaq Biotechnology ETF (IBB 269.57, -3.78) lost 1.4%.

The other two-telecom services (-1.2%) and utilities (-1.8%)-were hampered by higher interest rates. Staying on that point, the 10-yr note retreated throughout the session to register a half-point loss. The benchmark yield rose six basis points to 2.61% after starting the week at 2.46%.

Also of note, the U.S. Treasury has announced a new set of sanctions on Russian banks, energy, and defense companies. The move followed a similar announcement from the European Union.

Today's session saw relatively strong participation with more than 675 million shares changing hands at the NYSE floor.

Economic data included Retail Sales, Import/Export Prices, Michigan Sentiment Survey, and Business Inventories:

Retail sales increased 0.6% in August following an upwardly revised 0.3% (from 0.0%), which matched the Briefing.com consensus
After missing expectations last month, sales rebounded in August and upward revisions were reported for the prior month (to 0.3% from 0.0%); concerns that consumption could weigh down GDP growth were somewhat alleviated.
Excluding motor vehicles, retail sales increased a respectable 0.3% for a second consecutive month and met the consensus expectations
Export prices, excluding agriculture, decreased 0.3% in August after increasing 0.3% in the prior reading
Excluding oil, import prices ticked up 0.1%, which followed last month's unchanged reading
The University of Michigan Consumer Sentiment Index increased to 84.6 in the preliminary September reading from 82.5 in August, while the Briefing.com consensus expected the index to increase to 83.5
That was the highest reading in the Sentiment Index since July 2013
The Present Conditions Index deteriorated in September, dropping from 99.8 in August to 98.5
The Expectations Index rose to 75.6 in September from 71.3 in August
Business inventories increased an in-line 0.4% in July after increasing by the same amount in June
Inventories for manufacturers (0.1%) and merchant wholesalers (0.1%) were known prior to the release. The only bit of new information was that retailer inventories increased 1.0% in July after increasing 0.7% in June

On Monday, the Empire Manufacturing Index for September will be released at 8:30 ET, while August Industrial Production and Capacity Utilization will be reported at 9:15 ET.

Week in Review: Backtracking From Record Highs

The stock market started the first full week of September on a cautious note. The S&P 500 lost 0.3%, but the relative strength of small-cap stocks helped the Russell 2000 (+0.2%) and Nasdaq Composite (+0.2%) finish ahead of the benchmark index. Equity indices struggled from the get-go with the overall risk sentiment dampened by continued dollar strength that sent the US Dollar Index (+0.54, 84.28) near its best level of the year. The greenback surged on the back of yen weakness following a downward revision to Japan's Q2 GDP (to -7.1% from -6.8%), while also drawing strength from weakness in the British pound. The pound fell to 1.6110 from 1.6330 against the greenback after a weekend YouGov poll revealed majority support for Scottish independence with the referendum coming up on September 18. Conversely, the dollar strength weighed on commodities.

Equities ended the Tuesday session on their lows with the S&P 500 sliding 0.7%. After outperforming on Monday, the Russell 2000 erased that uptick with a 1.2% decline the following day. 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. Meanwhile, the consumer discretionary space (-1.0%) also weighed with the quick-service restaurant space adding pressure. McDonald's (MCD) fell 1.5% after reporting a 3.7% decline in comparable store sales during August, which was paced by a 14.5% slump in Asia following the recent food safety scandal.

The stock market ended the midweek session on an upbeat note with the Nasdaq Composite providing leadership. The tech-heavy index advanced 0.8%, while the S&P 500 added 0.4% with seven sectors posting gains. Equities were driven into the red shortly after the open due to notable weakness in the energy sector. The growth-sensitive group was down in excess of 1.0% during the first hour of action, but narrowed its loss to 0.3% by the close. For its part, crude oil fell 1.1% to $91.71/bbl, ending the pit session at its lowest level since early January. The Dollar Index (84.22, -0.06) climbed to its best level in 14 months before slipping in the early afternoon. The greenback retreated against the British pound after latest poll results from Scotland indicated majority support for staying in the UK (weekend YouGov poll gave a slight edge to the pro-independence movement). The pound/dollar pair climbed to 1.6210 after trading at 1.6070 in the early morning.

The Dow Jones Industrial Average (-0.1%), Nasdaq (+0.1%), and S&P 500 (+0.1%) ended the Thursday affair on a flat note, while the relative strength among small caps sent the Russell 2000 higher by 0.7%. The trading day began on a cautious note following Wednesday's remarks from President Obama who announced increased support for Syrian rebels and a U.S.-led coalition effort targeting ISIS militants in Syria and Iraq. The address led to some risk aversion overnight, but that sentiment faded during the day. Treasuries climbed overnight, but wiped out all of their gains over the course of the session. The 10-yr yield ended at 2.55% after marking a low at 2.51% shortly before the opening bell.

 
 Index	   Started Week  Ended Week  Change  % Change   YTD % 
 DJIA	     17137.36	 16987.51   -149.85    -0.9     2.5 
 Nasdaq	      4582.90	  4567.60    -15.30    -0.3     9.4 
 S&P 500	2007.71	  1985.54    -22.17    -1.1     7.4 
 Russell 2000  1170.13	  1160.61     -9.52    -0.8    -0.3

5:02 pm This week's biggest % gainers/losers (:SCANX) : The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

Technology:SSNI (12.13 +22.91%),JDSU (13.43 +22.57%),DQ (47.71 +21.96%),WB (23.81 +19.61%),MBLY (50.87 +19.51%),IMPV (33.25 +15.81%),OIBR-C (0.68 +15.75%)Services:LE (44.77 +31.56%),MGAM (36.84 +31.18%),GPRO (69.18 +28.64%),TPUB (22.02 +15.91%)Healthcare:ECYT (8.58 +25.74%),CMRX (28.27 +23.05%),BDSI (18.15 +19.15%),RDNT (7.64 +18.35%),HZNP (11.81 +18.19%),RCPT (59.67 +16.99%)Financial:GFIG (6.02 +31.4%)Consumer Goods:BNNY (46 +36.41%)
Basic Materials:SNMX (9.89 +24.29%)
This week's top 20 % losers

Utilities:PGN (7.16 -14.15%),CIG (7.2 -11.93%),ELP (15.43 -11.04%)Technology:VNET (19.87 -42.69%),EOPN (11.2 -23.16%),GTAT (12.82 -18.6%),SFUN (10.65 -11.04%),TWOU (15.61 -10.29%)Healthcare:KERX (14.34 -18.57%),RPRX (14.52 -13.06%),OREX (5.16 -11.85%)Financial:LEJU (14.58 -12.55%),WRLD (71.54 -11.07%)Consumer Goods:TOUR (17.98 -10.37%)Conglomerates:REX (89.26 -10.36%)Basic Materials:AU (13.45 -17.67%),CAK (0.51 -15.71%),GGB (5.32 -11.07%),ANR (3.44 -10.11%)

3:36 pm Earnings Preview for the week of September 15 - 19 (:SUMRX) : Of the companies reporting earnings for the week of September 15 - 19 some of the bigger names include:

Monday: After Hours - ALOG
Tuesday: Pre Market - FDSAfter Hours - ADBE, APOG, PAHC
Wednesday: Pre Market - FDX, GIS, LEN, CBRLAfter Hours - UNFI, MLHR, PIR, CLC
Thursday: Pre Market - RAD, CAG, PWE, IHS, MCSAfter Hours - ORCL, RHT, TIBX

12:42 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

S (6.93 +5.56%): Upgraded to Outperform from Market Perform at Cowen
EBAY (52.03 +2.66%): Trading higher on rumors that Google (GOOG) taking a stake in the company
CME (79.21 +2.18%): Mentioned positively in blog article; seeing strength in trading exchange stocks:
ICE also higher

Large Cap Losers

SDRL (31.29 -4.68%): Weakness in large cap oil and gas companies: UGP, PBR, ESV also higherHCN (64.1 -3.59%): Priced 15.5 mln share offering of common stock at $63.75 per share
ITUB (16.18 -3.29%): Weakness in Brazilian stocks as recent polls suggest rising support for relection of Dilma Rousseff: BRFS, BBD also higher

Mid Cap Gainers

ULTA (116.47 +19.48%): Beat quarterly EPS by $0.11 ($0.94 vs $0.83 estimate), revs rose 22.2% yoy to $734.2 mln vs $713.35 mln estimate; sees Q3 EPS of $0.79-0.84 vs $0.83 estimate, revs of $724-736 mln vs $718.04 mln estimate; raised FY15 EPS guidance to +20% (from mid teens) or ~$3.79 vs $3.69 estimate, revs +20% (from mid teens) to ~$3.204 bln vs $3.15 bln estimate; raised FY15 comps guidance to +7-8% from prior guidance of +4-6%
ALNY (74.43 +5.77%): Co announced that it is broadening its pipeline with ALN-AGT, a subcutaneously administered RNAi therapeutic targeting angiotensinogen for the treatment of hypertensive disorders of pregnancy, including preeclampsia, one of the most common complications of pregnancy
ACAD (28.47 +3.64%): Mentioned positively on CNBC's Mad Money program

Mid Cap Losers

SDLP (31.84 -3.54%): Weakness in mid cap oil and gas companies: APL, NE, RICE also lower
DDR (17.31 -2.89%): Downgraded to Hold from Buy at KeyBanc Capital Markets; downgraded to Neutral from Buy at UBS

11:44 am Stocks/ETFs that traded to new 52 week highs/lows this session - New highs (86) outpacing new lows (60) (:SCANX) :

Stocks that traded to 52 week highs: AAVL, ABBV, ACT, AHGP, AHS, ALGT, AOSL, ARUN, BANF, BDSI, BKYF, CALM, CARO, CFN, CNVR, CNW, CTLT, CVTI, CYH, DECK, DYAX, EARS, ECL, ENPH, ENSV, FCAP, FINL, FLWS, FUBC, GFIG, GLNG, GS, GTIM, HAIN, HCA, HCBK, HTLD, IBKR, ICLR, IG, IMDZ, ISTR, IT, JBSS, KEX, LAKE, LE, LUV, MARA, MHFI, MIK, MSFT, MTB, MTN, NFBK, NOR, NVGS, OILT, PKX, PLOW, PRXL, PTRY, RAIL, RCL, RDNT, SBAC, SCHW, SERV, SGBK, SKX, SNY, SWIR, SYNL, THC, THRM, TRNX, TWC, UTHR, VAC, VFC, WB, WMS, WTM, WWAV, XPO, ZLTQ

Stocks that traded to 52 week lows: AGCO, ALG, ALXA, ATW, BPHX, CLRB, CNHI, CTT, CWST, DLA, DO, DWCH, ECR, ECT, ENZY, ESCR, FF, FI, FMC, FVE, FWM, GGB, GLF, GLPI, IRET, IRG, IVC, KEG, KIPS, KVHI, KWK, LODE, MCP, MDR, MNTG, MVC, MXL, PCL, PRFT, RAVN, RCPI, REE, RIG, RNDY, RTGN, RVNC, SCL, SPEX, STRM, STXS, TAC, THRX, TLR, TRGT, UAMY, VALE, VNOM, XNY, ZEP, ZX

ETFs that traded to 52 week highs: IYG, PPH

ETFs that traded to 52 week lows: BJK, BNO, DBC, DJP, EWO, FUD, FXS, FXY, JJA, SGG, SIVR, SLV

6:00 am Ascent Solar regains compliance with NASDAQ minimum bid price rule (ASTI) : Co announced that it has received notification from the Listing Qualifications Department of The Nasdaq Stock Market that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), the minimum bid price requirement for continued listing on The Nasdaq Capital Market.

Rovi Corporation (ROVI) today announced its collaboration with Broadcom Corporation (BRCM) to demonstrate Rovi's new cloud-based guide offering, Rovi Guide (announced yesterday), which runs on Broadcom's BCM7445 Ultra HD system-on-a-chip and Nexus-Trellis set-top box software.

TSMC (TSM) announced its 28-nanometer High Performance Compact process is in volume production, making it the most power- and cost-efficient solution among all 28-nanometer technologies in the foundry segment.

There are 66 companies in the S&P 500 information technology sector. On Friday, only ten of them ended with a gain. That's the bad news.

The good news is that the biggest company of them all -- Apple (AAPL 101.66, +0.23) -- was one of the ten that finished higher. Its good fortune was predicated on reports that pre-order demand for the iPhone 6 is at record levels. There was even a Business Insider article that noted Apple's online store temporarily crashed due to the high volume of beginning pre-orders.

Apple's relative strength was a key factor behind the relative strength of the sector. Despite the fact that 56 components ended Friday lower, the overall sector loss was limited to a 0.4% decline versus a 0.6% decline for the S&P 500.

Actually, there wasn't a single sector that ended Friday higher. It was that kind of profit-taking day in front of a big week next week that will feature the FOMC meeting, Scotland's independence vote, a rash of data out of China, Alibaba.com's (BABA) IPO, and undoubtedly geopolitical happenings of some kind.

Another crutch for the information technology sector was Alliance Data Systems (ADS 257.91, +5.04). Investors took kindly to its news that it will be acquiring Conversant (CNVR 34.80, +8.09) in a $2.3 billion, or $35 per share, cash-and-stock deal that ADS says will be significantly accretive to core EPS in the first two years after closing.

eBay (EBAY 52.19, +1.51), however, stole the spotlight from most sector components. It jumped 3.0% amid early speculation that Google (GOOG 575.62, -5.73) might be interested in taking a stake in the company in an effort to compete with Apple Pay.

A Reuters article later conveyed that eBay denied any such conversations taking place. That took some steam out of the stock, yet it didn't let the speculative air out of it altogether.

Separately, Yahoo (YHOO 42.88, +1.62) was the other big winner on Friday as it continued to enjoy the halo effect of Alibaba.com's impending IPO.

Salesforce.com (CRM 59.25, -1.96) suffered the biggest percentage decline within the sector, which looked to be a case of profit-taking activity. Leading into Friday, shares of CRM had jumped 16% in the last month.

Applied Materials (AMAT 22.30, -0.63) was another notable laggard. After gaining 2.5% on Thursday, it fell 2.8% on Friday following a report of an unfavorable China Ministry of Commerce determination over its Tokyo Electron deal.

AMAT's weakness and losses in most semiconductor-related issues weighed on the Philadelphia Semiconductor Index, which declined 1.3%. Friday's retreat left the SOX index down 1.7% for the week.

Trading activity outside the S&P 500 information technology sector looked very much the same as there was a lot of red seen amongst the technology names. Sprint (S 7.00, +0.43) was a big exception. It surged 6.5%, garnering support from news of a new exclusive rate plan for iPhone 6 and iPhone 6 Plus and a Cowen upgrade to Outperform from market Perform.

On a related note, T-Mobile (TMUS 30.83, +0.38) also bucked the broader trend after reporting at a Goldman Sachs conference that it added over 200,000 prepaid subs in August. Meanwhile, its CEO wouldn't comment specifically on M&A activity, yet he did say that many different companies have shown support for T-Mobile.