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From Briefing.com: 4:35 pm Texas Instruments beats by $0.04, beats on revs; guides Q3 EPS in-line, revs in-line (TXN) :

Reports Q2 (Jun) earnings of $0.76 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.72; revenues rose 1.3% year/year to $3.27 bln vs the $3.2 bln Capital IQ Consensus.

Gross MArgin was 61.2%
Q2 Free Cash Flow $911 mln
Free Cash Flow as a percentage of revenue TTM is 30.0%

Returns $382 mln in dividend, $527 mln in share repurchase for a total return of $909 mln in the quarter.
Co issues in-line guidance for Q3, sees EPS of $0.81-0.91, excluding non-recurring items, vs. $0.81 Capital IQ Consensus Estimate; sees Q3 revs of $3.34-3.62 bln vs. $3.38 bln Capital IQ Consensus Estimate.

4:09 pm Cadence Design beats by $0.01, reports revs in-line; guides Q3 EPS & revs below consensus; guides FY16 in-line (CDNS) :

Reports Q2 (Jun) earnings of $0.29 per share, $0.01 better than the Capital IQ Consensus of $0.28; revenues rose 8.9% year/year to $453.02 mln vs the $449.51 mln Capital IQ Consensus.

Co issues downside guidance for Q3, sees EPS of $0.27-0.29 vs. $0.31 Capital IQ Consensus Estimate; sees Q3 revs of $440-450 mln vs. $457.20 mln Capital IQ Consensus Estimate.

Co issues in-line guidance for FY16, sees EPS of $1.17-1.23 vs. $1.21 Capital IQ Consensus Estimate; sees FY16 revs of $1.80-1.83 bln vs. $1.82 bln Capital IQ Consensus Estimate.

4:08 pm Sanmina beats by $0.01, reports revs in-line; guides Q4 EPS in-line, revs in-line (SANM) :

Reports Q3 (Jun) earnings of $0.63 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.62; revenues rose 8.5% year/year to $1.67 bln vs the $1.65 bln Capital IQ Consensus.

Non-GAAP Operating Margin 3.7%
Cash flow from operations was $81.5 million
Inventory turns were 6.7x
Cash cycle days were 42.6 days

Co issues in-line guidance for Q4, sees EPS of $0.64-0.68, excluding non-recurring items, vs. $0.67 Capital IQ Consensus Estimate; sees Q4 revs of $1.675-1.725 bln vs. $1.72 bln Capital IQ Consensus Estimate.

4:06 pm Smith Micro Software acquires iMobileMagic; terms not disclosed (SMSI) : With the acquisition, Smith Micro gains new mobile operator customers in Europe and Asia, as well as a team of mobile software developers in Braga, Portugal.

4:06 pm Electronics For Imaging misses by $0.01, reports revs in-line; reaffirms FY16 revs guidance (EFII) :

Reports Q2 (Jun) earnings of $0.56 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of $0.57; revenues rose 21.2% year/year to $245.65 mln vs the $247.03 mln Capital IQ Consensus.

Co reaffirms guidance for FY16, sees FY16 revs of $1 bln vs. $1.01 bln Capital IQ Consensus Estimate.

4:03 pm Monolithic Power reports EPS in-line, beats on revs; guides Q3 revs in-line (MPWR) :

Reports Q2 (Jun) earnings of $0.54 per share, in-line with the Capital IQ Consensus of $0.54; revenues rose 15.5% year/year to $94.08 mln vs the $93.08 mln Capital IQ Consensus.

Co issues in-line guidance for Q3, sees Q3 revs of $104-108 mln vs. $104.10 mln Capital IQ Consensus Estimate; sees GAAP gross margin between 54.0% and 55.0%. Non-GAAP gross margin between 54.8% and 55.8%

4:15 pm : The stock market began the week on a lower note, pulling back alongside a sustained downturn in crude oil. Participants maintained a cautious posture ahead of upcoming macroeconomic events and influential earnings reports. Additional focal points impacting today's trade included softening in the dollar and weakness from the heavyweight industrial (-0.6%) sector. The Dow Jones Industrial Average (-0.4%) finished behind the S&P 500 (-0.3%) and the Nasdaq Composite (-0.1%).

U.S. equities began the day on a choppy note, responding to a lack of conviction in European averages. Regional bourses slipped through the session as participants favored a cautious approach ahead of July policy statements from the Federal Reserve and Bank of Japan. The Federal Reserve is set to deliver its latest policy statement on Wednesday while the Bank of Japan is scheduled to conclude its two-day policy meeting on Friday. Additionally, the European Central Bank will release bank stress test results later in the week.

U.S. equities pulled back through the morning as oil extended an early loss. The energy component slipped from the $43.30/bbl price level at the start of the session, eventually carving out a session low ($42.98/bbl) near midday. The S&P 500 (-0.5%) moved lower lockstep with oil, finding support near the 2163/2165 price level. The broader market ticked higher in the final hour as nine sectors trimmed their losses. The commodity-sensitive energy sector (-2.0%) ended at the bottom of the leaderboard, following industrials (-0.6%), and telecom services (-0.4%).

The Dow Jones Transportation Average (-0.9%) displayed relative weakness as airline names extended their recent rout. The U.S. Global Jets ETF (JETS 22.42, -0.21) declined by 0.9% as JetBlue Airways (JBLU 17.28, -0.30) underperformed ahead of tomorrow morning's earnings release. Separately, Kansas City Southern (KSU 96.41, -1.43) and Canadian Pacific (CP 146.91, -2.25) weighed on the rail sub-group.

In the heavily-weighted industrial sector (-0.6%), diversified machine names underperformed. Roper (ROP 163.33, -9.98) declined by 5.8% after missing estimates and lowering its earnings guidance for the full year. Elsewhere, Dow component General Electric (GE 31.64, -0.42) extended its post-earnings decline to 2.9%.

The countercyclical health care sector (-0.1%) finished ahead of the benchmark index as the iShares Nasdaq Biotechnology ETF (IBB 282.26, +1.36) extended its monthly gain to 9.7%. Gilead Sciences (GILD 88.55, +2.00) displayed relative strength ahead of this evening's earnings release. Conversely, health care servicers underperformed as Aetna (AET 117.84, -2.62) and Cigna (CI 140.21, -5.79) declined 2.2% and 4.0%, respectively.

In the technology sector (-0.2%), Yahoo! (YHOO 38.32, -1.06) finished lower by 2.7% after agreeing to sell its operating business to Verizon (VZ 55.87, -0.23) for approximately $4.83 billion in cash. Separately, Dow component Apple (AAPL 97.34, -1.32) demonstrated relative weakness after being downgraded to "Sell" from "Hold" at BGC Financial.

The U.S. Dollar Index (97.27, -0.20) ended near its session low as the yen, pound, and euro each gained against the buck. The euro/dollar pair finished higher by 0.1% (1.0991) while the dollar lost 0.3% against the yen (105.79). Separately, sterling gained 0.2% against the dollar (1.3135).

Treasuries finished on a mixed note as the yield on the 10-yr note settled unchanged at 1.57%.

Today's trading volume was below the recent average as fewer than 757 million shares changed hands on the NYSE floor.

There was no economic data of note released today.

Tomorrow's economic data will include the 9:00 ET release of the Case-Shiller 20-city Index for May (Briefing.com consensus 5.4%). Separately, Consumer Confidence for July (Briefing.com consensus 96.0) and New Home Sales for June (Briefing.com consensus 560k) will both cross the wires at 10:00 ET. DJ30 -77.79 NASDAQ -2.53 SP500 -6.55 NASDAQ Adv/Vol/Dec 1197/1.639 bln/1684 NYSE Adv/Vol/Dec 1102/756.0 mln/1859

3:30 pm :

The dollar index is down -0.2% around the 97.25 level, not appearing to aid commodities in afternoon trade
Commodities, as measured by the Bloomberg Commodity Index, are down -0.8% at the 83.92 level
Crude oil slides and closes near 3-month lows ahead of tomorrow's API data
September crude oil futures fell $1.08 (-2.4%) to $43.13/barrel
API data will be released tomorrow after the bell
EIA petroleum data will be released Wednesday at 10:30 am ET
Baker Hughes rig count data will be released on Friday at 1 pm ET
Monthly IEA data will be released Aug 11
Natural gas plummets to close near session lows, giving back over half of Friday's gains
September natural gas closed $0.07 lower (-2.5%) at $2.71/MMBtu
In precious metals, gold sees an afternoon of consolidation before trending lower for the day
August gold ended today's session down $3.70 (-0.3%) to $1319.50/oz
Silver futures trade nearly flat, rallying to afternoon highs around $19.75/oz before pulling back & consolidating near parity with the previous session's close
September silver closed today's session $0.02 lower (-0.1%) at $19.65/oz
Base metal copper inches lower to end afternoon pit trading
September copper closed $0.01 lower (-0.5%) at $2.22/lb

Equity futures were little changed overnight as global bourses settled on a mixed note. Japan's Nikkei (UNCH) finished flat as investors displayed little conviction ahead of Friday's policy statement from the Bank of Japan. European markets finished mostly lower while Germany's DAX outperformed after the release of the July IFO Business Climate survey (108.3).

The major averages ebbed lower at the start of the session as a downturn in crude oil pulled commodity-sensitive energy to the bottom of the leaderboard. The energy component fell from the $43.40/bbl price level at the start of the session, and September crude oil futures ended Monday down by $1.08 (-2.4%) to $43.13/barrel. The pullback in the broader market was limited as investors look ahead to tomorrow evening's earnings report from top-weighted Apple (AAPL 97.34, -1.32 -1.34%) and Wednesday's July policy statement from the FOMC.

Monday trading ended with the a modestly lower bias. Higher action into the close made the day slightly better to look at as the Dow Jones Industrial Average was down at one point during the day more than 118 points, yet finished the day only 77.79 points (-0.42%) off Friday's close to 18493.06. The S&P 500 was lower by 6.55 points (-0.30%) to 2168.48, and the Nasdaq Composite could not quite make it above flat lines, shedding 2.53 points (-0.05%) today to end 5097.63.

When the day was done, Technology (XLK 45.77, -0.06 -0.13%) was about middle of the pack versus other sectors as measured by the S&P -- XLE -1.99%, XLI -0.53%, XLF -0.21%, XLU -0.17%, XLB -0.16%, XLP -0.11%, XLV -0.11%, XLY +0.16%, IYZ +0.52% dragged lower by Energy and Industrials. Component Micon (MU 13.92, +0.79 +6.02%) out-performed today in light of what many were deeming a "poison pill" stockholder protection rights agreement in which the company declared a dividend of one right for each share.

The S&P 500 Information Technology (756.06, -0.95 -0.13%) sector closed the session about middle of the daily trading range as component Yahoo! (YHOO 38.32, -1.06 -2.69%) under-performed following confirmation of a deal between the company and telecom firm Verizon (VZ 55.87, -0.23 -0.41%) for VZ to acquire the operating business of YHOO for about $4.83 billion in cash. Other components in the space which closed lower today included V -1.21%, ADSK -0.95%, ADBE -0.75%, MA -0.70%, QCOM -0.69%, SYMC -0.68%, WDC -0.63%, APH -0.56%, STX -0.44%, CRM -0.44%.

Other notable news items among components:

Yahoo! (YHOO) confirmed it will sell its operating business to Verizon (VZ) for about $4.83 billion in cash.

Juniper Networks (JNPR 24.06, +0.29 +1.22%) announced it is part of Verizon (VZ) Enterprise Solutions' tech partner ecosystem. With Juniper's Cloud CPE solution serving as a foundational engine for Verizon's Virtual Network Services, enterprises will have greater choice in selecting the right solution for their needs.

Micron (MU) declared dividend of one right for each share of common stock outstanding at the close of business on August 1.

LinkedIn (LNKD 191.94, +1.99 +1.05%) in proxy statement scheduling the special meeting to vote on its pending acquisition by Microsoft (MSFT 56.73, +0.16 +0.28%) disclosed an email received from Party A (The other bidder whom was reported to be Salesforce (CRM 82.19, -0.36 -0.44%)), in which it said it would have made a 'bid much higher' should the two have continued talks.

Tele2 has selected Nokia's (NOK 5.81, -0.05 -0.85%) Cloud Packet Core solution to transform its core network to meet growing customer demand for high performance mobile broadband services.

Teradata (TDC 28.31, +0.10 +0.35%) has purchased Big Data Partnership, an EMEA-based services provider of big data solutions and training.

Norsat (NSAT 6.25, -0.19 -2.95%) received an approximate $3.8 million order from Harris Corp (HRS 85.50, -10.6 -1.22%) for its compact and efficient ATOM series Solid State Power Amplifiers.

Elsewhere in the tech space:

Zayo Group Holdings (ZAYO 29.27, -0.45 -1.51%) announced the completion of term loan repricing. $361 million tranche made fungible with existing term loan B-1.

Ericsson's (ERIC 7.44, +0.08 +1.09%) CEO stepped down. The company announced current CFO will assume the CEO position, and it has initiated a search for new CEO.

Monolithic Power (MPWR 73.21, +1.13 +1.57%) named Bernie Blegen as CFO.

E*TRADE (ETFC 24.99, -0.82 -3.18%) to acquire Aperture New Holdings, the parent co of OptionsHouse, for $725 million in cash. The company expects earnings accretion from the deal in 2018.

Straight Path Comms (STRP 23.90, -7.05 -22.78%) updated investors on investigation into allegations regarding the circumstances under which certain of its 39 GHz spectrum licenses were renewed by the FCC.

Liberty Interactive (QVCA 26.76, -0.07 -0.26%) has completed the spin-off of its subsidiary CommerceHub (CHUBA 12.96, -0.57 -4.21).

Nintendo (NTDOY 29.00, -3.42 -10.55%) provided the impact of Pokmon GO. The company made no change to its financial forecast.

Netflix (NFLX 87.66, +1.77 +2.06%) and 20th Century Fox Television Distribution (FOXA 26.85, -0.26 -0.96%) today announced their first global SVOD licensing agreement.

Twitter (TWTR 18.65, +0.28 +1.52%) announced a live streaming partnership for MLB Games, NHL games and nightly highlights program from 120 sports.

Baidu (BIDU 160.25, -0.63 -0.39%) announced that the special committee of its board of directors received a letter from Mr. Robin Yanhong Li, chairman and chief executive officer of Baidu, and Mr. Yu Gong, chief executive officer of Qiyi.com, Inc., who led a consortium of potential buyers, stating that the Buyer Group would withdraw the non-binding proposal, dated February 1, 2016, to acquire all of the outstanding shares of Qiyi.com, Inc. beneficially owned by Baidu, with immediate effect. The letter stated that as the Buyer Group and Baidu had not been able to reach an agreement on transaction structure and purchase price after rounds of discussions and negotiations, the Buyer Group had determined not to proceed with the Proposal.

In reaction to quarterly results:

Sprint (S 5.90, +1.30 +28.26%) reported in-line Q1 EPS and revenues at a loss per share of $0.08 and $8.01 billion, respectively. The company added 173,000 postpaid phone net additions in the period and reaffirmed FY16 operating income guidance of $1 billion to $1.5 billion and adjusted EBITDA of $9.5 billion to $10 billion.

Silicom Limited (SILC 35.12, +3.82 +12.20%) reported better than expected Q2 EPS and revenues of $0.63 and $26 million, respectively.

Scheduled to report quarterly results tonight/tomorrow morning: CDNS, CMP, CLGX, EFII, GIG, MPWR, SANM, TXN/AXE, AUDC, CHKP, CVLT, CTG, EEFT, FIS, MBLY, RDWR, VZ

Analyst actions:

NTDOY was upgraded to Buy from Neutral at BofA/Merrill,
OCLR, NPTN, LITE, INFN were upgraded to Strong Buy from Buy at Needham,
HPE was upgraded to Buy from Neutral at Citigroup;
IBM and QCOM were downgraded to Hold from Buy at Standpoint Research,
DATA was downgraded to Hold from Buy at Deutsche Bank,
FLIR was downgraded to Outperform from Strong Buy at Raymond James;
ZAYO and LVLT were initiated with a Sector Weight at Pacific Crest,
QTWO was initiated with an Equal Weight at Morgan Stanly