From Briefing.com: 4:10 pm : The stock market welcomed the new trading week with a mixed session that saw relative strength among large-cap stocks, while high-beta names underperformed. The Dow Jones Industrial Average (+0.3%) and S&P 500 (-0.1%) finished near their flat lines, while the Nasdaq Composite and Russell 2000 both lost 1.1%.
Equities began the day on a cautious note amid continued concerns regarding the strength of the global economy. Over the weekend, China reported its first decline in electricity production since 2009, while Industrial Production (6.9%; expected 8.8%) grew at its slowest pace since December 2008. Likewise, the Industrial Production report from the U.S. (-0.1%; Briefing.com consensus 0.3%) also left a bit to be desired.
In that same vein, participants have had to contend with cautious comments from the Organization for Economic Co-operation and Development (OECD), which lowered its 2014 GDP forecast for the U.S. (to 2.1% from 2.6%) and the Eurozone (to 0.8% from 1.2%).
Once the session got going, high-growth stocks weighed on the market and led to the underperformance of the Nasdaq Composite. Biotech names played a part with the iShares Nasdaq Biotechnology ETF (IBB 266.09, -3.48) sliding 1.3%. For its part, the top-weighted countercyclical sector-health care (-0.3%)-finished among the laggards.
Elsewhere, the top-weighted cyclical sector-technology (-0.6%)-suffered from noteworthy losses among social media and chipmaker names. Twitter (TWTR 49.38, -2.73), Facebook (FB 74.58, -2.90), Weibo (WB 21.05, -2.76), LinkedIn (LNKD 207.71, -17.12), and Yelp (YELP 76.62, -5.16) tumbled between 3.7% and 11.6%. Chipmakers did not fare much better with the PHLX Semiconductor Index falling 1.2%. The sector-wide weakness masked the outperformance of Apple (AAPL 101.60, -0.06), which settled little changed after confirming record orders for the upcoming iPhone.
Also of note, the energy sector (+0.7%) rebounded after ending last week well behind other sectors. The growth-sensitive sector narrowed its September loss to 4.5% with help from Dow components Chevron (CVX 124.24, +1.58) and ExxonMobil (XOM 96.29, +0.51). The two added 1.3% and 0.5%, respectively, while crude oil rose 0.7% to $92.89/bbl.
Treasuries notched their highs shortly before the start of the session and spent the remainder of the day near those levels. The 10-yr note added six ticks with its yield slipping two basis points to 2.59%.
Participation remained on the light side with fewer than 600 million shares changing hands at the NYSE.
Economic data was limited to the Empire Manufacturing Survey and Industrial Production:
The Empire Manufacturing Survey for September registered a reading of 27.5, which was above the prior month's reading of 14.7
The Briefing.com consensus expected a reading of 16.0
The industrial production report for August certainly didn't go according to script as it showed production declining 0.1% versus the Briefing.com consensus estimate, which called for a 0.3% increase
A 7.6% decline in the production of motor vehicle and parts was the big drag on total industrial production for the month. That contributed to a 4.4% drop in the output of durable consumer goods and led to a 0.4% decline in manufacturing production
The production data for July was revised down to show a 0.2% increase versus an originally reported 0.4% increase
Capacity utilization slumped to 78.8%, which was also below the Briefing.com consensus estimate of 79.3% and below a downwardly revised 79.1% (from 79.2%) reading for July
Tomorrow, The Producer Price Index (Briefing.com consensus 0.0%) will be released at 8:30 ET, while Net Long-Term TIC Flows will be reported at 16:00 ET.
Nasdaq Composite +8.2% YTD
S&P 500 +7.4% YTD
Dow Jones Industrial Average +2.7% YTD
Russell 2000 -1.4% YTD
DJ30 +43.63 NASDAQ -48.70 SP500 -1.41 NASDAQ Adv/Vol/Dec 644/1.80 bln/2284 NYSE Adv/Vol/Dec 1038/577.1 mln/2033 3:30 pm :
Dec gold rose for the first time in six sessions, trading in a tight range between $1232.20 per ounce and $1236.90 per ounce. It eventually settled with a 0.3% gain at $1234.80 per ounce.
Dec silver touched a session low of $18.56 per ounce in morning action after pulling back from a session high of $18.69 per ounce. It managed to rise back above the unchanged line and settled at $18.62 per ounce, or 0.1% higher.
Oct crude oil lifted from its session low of $91.29 per barrel set at pit trade open and broke into positive territory by mid-morning action. The energy component continued to trend higher and settled 0.7% higher at $92.89 per barrel, just below its session high of $92.97 per barrel.
Oct natural gas rose for a second consecutive session, trading as high as $3.95 per MMBtu in morning pit trade. It brushed a session high of $3.90 per MMBtu and settled with a 1.8% gain at $3.93 per MMBt
12:08 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
TAP (77.15 +7.45%): Lifted in sympathy with M&A speculation among its peers.
NOK (8.61 +2.93%): Upgraded to Outperform at Oppenheimer; tgt $12.
BUD (114.71 +3.39%): WSJ report indicated that co is in financing talks for SabMiller (SBMRY) deal.
Large Cap Losers
TSLA (258.33 -7.47%): Weakness attributed to cautious Morgan Stanley analyst comments.
SNP (93.71 -5.57%): Co will subscribe for 29.99% shareholding interest in Marketing Co. for an aggregate amount of RMB107.094 bln.
ALXN (157.52 -3.2%): Reported improved survival observed in pediatric patients with severe HPP who were treated with investigational Asfotase Alfa for up to 5 years.
Mid Cap Gainers
ALR (41.16 +12.43%): Zwanziger filed 13D disclosing 4.68% stake; intends to promptly propose a consensual all-cash transaction at the buyout price of $46 per share.
BAH (23.38 +3.54%): Upgraded to Outperform from Mkt Perform at Cowen; tgt raised to $28 from $25.
DRI (49.47 +3.98%): Upgraded to Outperform from Underperform at Credit Agricole; filed investor presentation regarding operating initiatives; believes current initiatives address the majority of Starboard's operating suggestions.
Mid Cap Losers
NPSP (27.61 -15.57%): FDA Advisory Committee voted 8-5 to recommend approval of Natpara
JBLU (11.37 -6.73%): Downgraded to Underperform from Neutral at BofA/Merrill; tgt $10.50.
TEX (32.52 -6.28%): Lowered 2014 EPS guidance to $2.35-2.50, ex-items, vs $2.56 consensus, down from $2.50-2.80; sees Q3 EPS of $0.55-0.65, ex-items, vs $0.80 consensus.
Altera (ALTR) announced its Arria V FPGAs are delivering the high performance needed for Dolby Laboratories' innovative Dolby Vision imaging technology for ultra-high definition displays.
Marvell (MRVL) announced that Bouygues Telecom is launching industry's first quad-core Android PayTV set-top box powered by the Marvell ARMADA 1500 PRO system-on-chip platform.
Broadcom (BRCM) announced the industry's highest performance, lowest power multi-rate 100 Gigabit Ethernet gearbox physical layer transceiver, optimized for next-generation cloud-scale data center, enterprise and core networks.
Texas Instruments (TXN) introduced seven SIMPLE SWITCHER regulators that simplify wide VIN synchronous power supply design and help engineers create energy-efficient, electromagnetic interference compliant products.
Huawei has selected the TrueTouch Gen5 capacitive touchscreen controller from Cypress Semiconductor (CY) for the MediaPad X1 tablet.
8:25 am Advanced Photonix, Inc. awarded $1.6 mln contract for U.S. Navy missile weapons program (API) : Co announced that it has received a contract worth ~$1.6 mln from a leading military contractor, which acts as a prime supplier for the U.S. Navy's Guided Missile Weapon System.
The contract is for a custom photodiode and is expected to be completed within the next 18 months, and payment is due upon shipment.
Xilinx (XLNX) announced its collaboration with China Mobile Research Institute for the development of virtualized 5G wireless networks in a special signing ceremony during the 5G Forum at the International Mobile Internet Conference on August 15.
AI
Market Data 
Markets 
