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From Briefing.com: Weekly Recap - Week ending 03-Oct-14Dow +208.64 at 17009.69, Nasdaq +45.43 at 4475.62, S&P +21.73 at 1967.90

The major averages finished a defensive week on an upbeat note. The S&P 500 gained 1.1% with nine sectors ending in the green. The rally helped the benchmark index narrow this week's decline to 0.8% after being down near 3.0% at its lowest point on Thursday.

Equities received a morning boost after the Nonfarm Payrolls report for September sailed past expectations. According to the Bureau of Labor Statistics, payrolls grew by 248,000, which was well ahead of the Briefing.com consensus estimate (210,000). The unemployment rate fell to 5.9% from 6.1%, but that resulted from a drop in the labor force participation rate.

The strong report underpinned equities and sent the Dollar Index (86.66, +1.06) to a fresh four-year high. The greenback strength weighed on commodities, resulting in a 1.4% drop in crude oil ($89.76/bbl) and a 1.8% decline in gold futures ($1192.90/ozt). The losses in the commodity space pressured the two commodity-related sectors, while the remaining cyclical groups posted gains of 0.8% or more.

Meanwhile, the energy sector (unch) underperformed throughout the session and was down near 1.0% during morning action. The growth-sensitive sector was able to return to its flat line, but could not avoid registering a 3.8% decline for the week.

Similarly, the materials sector (+0.3%) ended the week in-line with energy amid pressure from miners and steelmakers. The Market Vectors Gold Miners ETF (GDX 20.63, -0.99) fell 4.6%, while the Market Vectors Steel ETF (SLX 42.83, -0.84) tumbled 1.9% with Cliffs Natural Resources (CLF 8.32, -1.68) pacing the slide. The steel company plunged 16.8% following a Nomura downgrade to 'Reduce' from 'Buy.'

Elsewhere among cyclical groups, consumer discretionary (+1.3%) and financials (+1.5%) displayed strength throughout the session, while the technology sector (+0.8%) ended a bit behind the market. The top-weighted sector component-Apple (AAPL 99.62, -0.28)-acted as a drag, while chipmakers could not keep up with the market either. The PHLX Semiconductor Index added 0.6%, but registered a 3.1% loss for the week.

The underperformance of chipmakers did not reflect the strength in other high-beta areas. The Dow Jones Transportation Average surged 2.1% back to unchanged for the week, while biotech stocks sent the iShares Nasdaq Biotechnology ETF (IBB 275.33, +6.74) higher by 2.5%. Conversely, the health care sector (+2.0%) spent the entire session in the lead. Shares of Mylan Labs (MYL 50.23, +3.73) contributed to the strength after the company raised its guidance.

Treasuries slumped following the jobs data, but returned to their early morning levels by the close. The 10-yr note shed four ticks, adding one basis point to its yield (2.44%), while the long bond posted a modest gain, lowering its yield by one basis point to 3.13%.

Today's participation was ahead of average with more than 796 million shares changing hands at the NYSE.

Economic data included Nonfarm Payrolls, Trade Balance, and ISM Services:

Nonfarm payrolls added 248,000 jobs in September following an upwardly revised 180,000 (from 142,000) gain in August, while the Briefing.com consensus expected an increase of 210,000
Stripping out government jobs, private payrolls added 236,000 jobs in September (consensus 205,000) after adding an upwardly revised 175,000 (from 134,000) in August
The hourly workweek ticked up to 34.6 hours from 34.5 hours and hourly earnings growth was flat
While the unemployment rate fell to 5.9% from 6.1%, which easily beat consensus expectations of 6.1%, much of the gain came from the 97,000 person decline in the labor force. Had the participation rate remained at August levels, the unemployment rate would have remained at 6.1%
The U.S. trade deficit fell to $40.10 billion in August from a downwardly revised $40.30 billion (from $40.50 billion) in July, while the Briefing.com consensus expected an increase to $40.90 billion
The goods deficit increased to $59.90 billion in August from $59.80 billion in July and the services surplus increased to $19.80 billion from $19.50 billion
The ISM Non-manufacturing Index fell to 58.6 in September from 59.6 in August, while the Briefing.com consensus expected a drop to 58.9
Even though the index declined in September, the trends show robust economic growth with both business activities/production (62.9 from 65.0) and new orders (61.0 from 63.8) remaining above 60

There is no economic data on Monday's schedule.

Week in Review: Stocks Slide as Q3 Ends

The stock market began the new week on a cautious note. The S&P 500 lost 0.3%, but managed to erase more than half of its opening decline. Thanks to the rebound, the benchmark index reclaimed its 50-day moving average (1976.78) after slipping below that level in the morning. Equities slumped at the open amid a couple global developments that dampened the overall risk appetite. Continued student protests in Hong Kong and a potential response from China weighed on the Hang Seng index (-1.9%), while other regional indices held up relatively well with Japan's Nikkei (+0.5%) and the Shanghai Composite (+0.4%) posting gains. Meanwhile in Europe, participants showed concerns about the Catalan independence referendum scheduled to take place on November 9. However, a twist was introduced to the story during the afternoon when the Spanish Constitutional Court announced it will block the independence vote.

On Tuesday, the market finished the third quarter on a defensive note with small caps leading the retreat. The S&P 500 shed 0.3% to narrow its Q3 gain to 0.6%, while the Russell 2000 (-1.5%) widened its quarterly loss to 7.9%. The retreat represented the second consecutive decline for the benchmark index, which registered a September loss of 1.6%. The S&P 500 displayed modest strength in the early going with help from influential sectors like technology (+0.2%), financials (-0.2%), and industrials (-0.1%), but slid from highs amid significant weakness in the two commodity-related sectors. Most notably, the energy space (-1.2%) widened its Q3 loss to 9.2% and was pressured by a 3.6% decline in crude oil, which fell to $91.16/bbl, registering a 13.6% loss for the quarter.

The stock market began October and the fourth quarter with a retreat. The major averages spent the day in a steady decline with the Nasdaq Composite leading the slide. The tech-heavy index lost 1.6%, while the S&P 500 (-1.3%) sliced through its 100-day moving average (1958) with nine sectors ending in the red. Equities were pressured from the start with a disappointing set of Manufacturing PMI figures from the eurozone weighing on sentiment. The region-wide reading slipped to 50.3 (expected 50.5) and was driven in part by Germany's decline to 49.9 from 50.3 (consensus 50.3). Once the U.S. session got going, the key indices slumped amid early weakness in the industrial sector (-1.9%). In turn, the growth-sensitive group suffered from notable losses in airlines, stemming from concerns about the first case of Ebola in the United States. Delta Air Lines (DAL) and Southwest Airlines (LUV) both lost near 3.5%, while the Dow Jones Transportation Average tumbled 2.5%.

The major averages ended the Thursday session on a flat note despite showing broad-based weakness in the early going. The S&P 500 ended unchanged with four sectors in the green. Equity indices started the day near their flat lines, but commenced their retreat once European Central Bank President Mario Draghi concluded his press conference without providing much detail about the central bank's ABS purchases. Furthermore, Mr. Draghi did not hint at plans for sovereign bond purchases, which had been the subject of conversation in recent weeks. To that point, diminished prospects of a full-scale QE program weighed on markets in Italy (-3.9%) and Spain (-3.1%) with bank shares leading the retreat. As for the U.S., equities slumped across the board in the morning, but staged an impressive reversal after reaching short-term oversold conditions just ahead of 12:00 ET. At that time, the S&P 500 hit its session low of 1925.93 and the TICK reading at the NYSE neared -1500-a level typically associated with excessive selling.

 
 Index	   Started Week	 Ended Week  Change   % Change	YTD % 
 DJIA	     17113.15	 17009.69   -103.46	-0.6	2.6 
 Nasdaq	      4512.19	  4475.62    -36.57	-0.8	7.2 
 S&P 500	1982.85	  1967.90    -14.95	-0.8	6.5 
 Russell 2000  1119.33	  1104.74    -14.59	-1.3   -5.1

5:05 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:MOVE (20.93 +45.65%),TIBX (23.59 +23.27%),LMOS (16.14 +15.65%)

Services:BAGL (20.23 +53.18%),RLD (11.66 +24%),ARC (8.9 +17.83%),TK (67.12 +16.72%),FLWS (8.23 +16.36%)

Healthcare:AXDX (28.78 +48.06%),AMAG (32.27 +38.19%),KITE (34.79 +30.33%),CLVS (48.8 +19.97%),KERX (16.1 +18.86%),AGIO (63.66 +18.58%),CEMP (12.49 +16.3%)

Financial:JNS (14.49 +33.39%),FNHC (29.09 +16.66%)

Basic Materials:MTL (1.02 +45.83%),ATHL (58.2 +27.82%)

This week's top 20 % losers

Utilities:CLNE (7.14 -15.65%)

Technology:PDFS (12.76 -27.08%),GSAT (3.01 -21.15%),CMGE (20.06 -16.91%),CREE (33.73 -15.27%),GEOS (32.11 -14.06%)

Services:CVEO (13.01 -49.7%),CTCM (5.77 -26.39%),FINL (25.14 -15.27%),TA (9.26 -15.04%)

Industrial Goods:GTLS (47.21 -25.64%)

Healthcare:RVNC (16.3 -18.82%)
Consumer Goods:WPRT (7.2 -30.1%)

Basic Materials:XCO (2.96 -23.88%),MPO (4.71 -16.81%),PEIX (13.25 -16.15%),VTG (1.21 -15.6%),PBR-A (14.69 -15.01%),TSE (14.6 -14.83%),MHR (5.16 -14.5%)

12:48 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

MYL (50.23 +8.02%): Raised Q3 & FY14 EPS guidance; increased Q3 guidance range includes ~$0.14/share as a result of an agreement with Strides Arcolab.
MBLY (59.35 +7.91%): Positive mention on Fast Money, and TSLA announcement next week adding to the momentum.
COV (93.75 +5.14%): Medtronic (MDT) reaffirmed its commitment to COV acquisition by announcing updated financing plans.

Large Cap Losers

GG (22.6 -4.24%): Down along with peers as gold dropped under $1200 for first time in 2014 on a strong dollar (ABX & NEM also lower).
UBS (16.73 -2.76%): Reports the co many be fined $6.3 bln by France officials over taxes.
RIG (30.72 -2.72%): Reports BP plans to challenge the $18 bln verdict regarding oil spill; as well as weakness in oil sector following drop in prices.

Mid Cap Gainers

PANW (105.26 +7.22%): Target raised to $120 at Piper Jaffray, Overweight; Cyber security stocks trading higher following JPM breach news.
GSAT (3.25 +7.63%): Heard Kerrisdale is not actually out negative on the name as opposed to rumors out earlier in the week.
ZBRA (70.79 +5.67%): Heard upgraded to Buy at Needham

Mid Cap Losers

TX (21.86 -7.57%): Downgraded to Neutral from Outperform at Credit Suisse.
FEYE (28.37 -4.12%): Downgraded to Underperform at Northland; tgt $25.
GFI (3.82 -6.83%): Down along with peers as gold dropped under $1200 for first time in 2014 on a strong dollar (AU & NGD also lower).

11:40 am Stocks/ETFs that traded to new 52 week highs/lows this session - New lows (107) outpacing new highs (46) (:SCANX) :

Stocks that traded to 52 week highs: ADP, BABY, BLJ, BLMT, BSTC, CALM, CCI, CHDN, COV, CP, CTLT, DTSI, ERIE, ETP, EW, FLWS, FNHC, HAIN, HBI, HNH, HNNA, HRL, ICLR, IMDZ, JACK, KNX, KO, LNBB, LTS, MBLY, MCK, MNK, MNRK, NFBK, PANW, SAGE, SLP, SNCR, TAYD, TCP, THS, TSQ, TTGT, TTPH, VDSI, ZTS

Stocks that traded to 52 week lows: ABB, ABX, ADTN, AG, AKO.A, AMCO, AMDA, ANR, AUY, AVD, AVL, AVP, AXN, AXU, BBL, BCO, BGC, BHP, BIO, BIOD, BLIN, BRSS, BTG, BTU, CBNK, CDE, CEF, CEQP, CLD, CLF, CRR, CTCM, CVR, CZZ, DCIX, DEO, DO, DSS, DSX, EC, EGLT, EMMS, END, ENVI, EPRS, EROC, ESEA, ESV, FI, FMD, FPI, FPP, GTU, HL, HMY, HOS, IAG, IMRS, INNL, IRC, IX, KGC, KOSS, KWK, MCHX, MDR, MDU, MIL, MSN, MT, MXC, NAK, NAUH, NE, NSPH, OII, ONCY, ORIG, PAL, PCMI, PCOM, PLG, POWL, PSTR, PWE, QSII, RFIL, RGDX, RIG, RIO, ROIA, RRST, RXII, SBS, SDRL, SDT, SVLC, SYT, TGA, TLM, TRS, TX, UBS, WDR, WPRT, XNY, ZAZA

ETFs that traded to 52 week highs: UUP

ETFs that traded to 52 week lows: BNO, BWX, DBC, DJP, EWG, EWO, EWQ, FXA, FXE, FXF, FXY, GSG, PPLT, SIL, SIVR, SLV, UGA

9:00 am Advanced Energy announces rescheduling of Analyst Day from November 19, 2014 to February 26, 2015 (AEIS) :

Co announced that it is rescheduling its analyst meeting from November 19, 2014 to February 26, 2015. With the recent appointment of Yuval Wasserman to President and CEO, the company decided to reschedule the analyst meeting. Details of the meeting location and time will be announced at a later date.Remember on Wednesday when the stock market got hammered on broad-based selling pressure that was attributed to concerns about Ebola, the dollar's strength, and a slowdown in the Chinese and eurozone economies? Well, fuggedaboutit... the stock market certainly did on Friday.

Tech Stocks

There were more reports about the possible spread of Ebola in the U.S., the U.S. Dollar Index jumped 1.3%, the Services PMI for China hit an eight-month low, and the composite PMI for the eurozone hit a ten-month low.

You know what the stock market did in the face of those same issues that reportedly broadsided it on Wednesday? It rallied. The Dow, Nasdaq, S&P 500, and Russell 2000 all gained at least 0.8%.

The stock market forgot about the bad and focused on the good, which on Friday meant the September employment report. The latter showed a 248,000 gain in nonfarm payrolls and a 5.9% unemployment rate. It showed some other less encouraging things like a drop in the labor force participation rate to 62.7% from 62.8% and no change in average hourly earnings, yet the job growth stole the trading show.

The major indices shot up when the opening bell rang, continued to climb throughout the day, and closed near their best levels of the session. It was a move that put the squeeze on short sellers and put the latest calls for a correction on ice -- at least for the weekend.

There was plenty of buying interest in the S&P 500 information technology sector (+0.8%) on Friday. Gains were registered by 55 of the sector's 66 components and many of the winners jumped more than 1.0%.

Alliance Data Systems (ADS 251.86, +8.19), Automatic Data Processing (ADP 74.85, +2.35), F5 Networks (FFIV 122.65, +3.94), and Salesforce.com (CRM 58.45, +1.81) all gained in excess of 3.0%.

Strikingly, Apple (AAPL 99.62, -0.28) was among the few losers despite reports it will be holding an iPad "event" on October 16. The stock was held back by a Deutsche Bank downgrade to Hold from Buy.

The situation was similar outside of the S&P 500 information technology sector as the winners far outnumbered the losers. Stocks that were down big, like FireEye (FEYE 28.19, -1.40), stood out like a sore thumb because they were very much the exception and not the rule.

Generally speaking, cyber security stocks did well after JPMorgan Chase revealed a major customer information breach. Palo Alto Networks (PANW 104.70, +6.52) and Cyber-Ark (CYBR 30.38, +1.69) were two of the biggest winners. FireEye, however, got burned by a Northland Capital downgrade to Underperform from Market Perform that it linked to heightened competition and ebbing revenue visibility.

ADTRAN (ADTN 18.81, -1.49) was another notable laggard. The networking and communications network equipment provider got hit hard after issuing an earnings warning for the third quarter due to a sequential decrease in its European business and a softer enterprise spending environment.

Separately, Yahoo (YHOO 41.03, +0.53) was in the news again on media reports that it may acquire MessageMe and/or make an investment in SnapChat. Neither deterred the stock, which gained 1.3%.

As nice as Friday's gains were for the stock market, it's doubtful that they will be taken for granted given the roller-coaster action of late. To be sure, everyone will be waiting with bated breath to see if there is follow-through buying interest on Monday.