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From Briefing.com: 4:30 pm : Despite the dollar's longest and strongest streak of gains in months, stocks were able to recover from sizable losses to settle with varied gains. The first real dose of data in several days did little to move the market.

Amid rekindled concerns about eurozone sovereign debt the dollar climbed as much as 0.9% before it was backed down to a 0.3% gain at the close of trade. Even though that made for a rather marked retreat, the dollar still booked its fourth consecutive advance for the first time since August. Moreover, the 2.3% gained by the greenback in the past four sessions has made for the dollar's strongest four-session performance since August.

The stock market had been down about 0.8% before the dollar's downturn from its session high attracted buyers back into the market. Some short squeezing in the wake of the prior session's wobbliness aided the move.

Participants showed particular favor for financials after they had dropped more than 2% in the prior session. The sector rebounded to a 1.4% gain this session. Diversified services were especially strong as they advanced 2.3%.

Energy stocks weren't far behind. They climbed 1.3% with help from higher oil prices, which finished pit trade with a 1.3% gain at $87.81 per barrel, its highest close of the year. Though oil's advance was helped by a surprise draw down in weekly inventories, it still flew in the face of a broader pullback among commodities, including a 7.1% drop in the price of silver to $26.89 per ounce after it set a 30-year high of $29.34 per ounce in the prior session.

Research In Motion (RIMM 58.44, +3.44) helped the Nasdaq Composite modestly outperform its counterparts after it unveiled plans for its tablet. Cisco (CSCO 24.49, +0.14) was slow to attract support ahead of its quarterly report, but it still booked a gain.

Small-cap stocks registered some of the strongest gains. Collectively they climbed 1.2%, according to the Russell 2000. Its advancing issues outnumbered decliners by more than 3-to-1.

Treasuries attracted mixed interest this session. They initially sold off following the release of results from a $16 billion auction of 30-year Bonds. The auction drew a bid-to-cover of 2.31 on dollar demand of $37.0 billion and an indirect bidder participation rate of 38.4%. The relatively low bid-to-cover was related more to the increased size of auction than overall investor appetite. After the results were more fully digested Treasuries rallied such that the yield on the benchmark 10-year Note was up as much as 2.77% and down as much as 2.64%, which is about where it was when trade closed. The 30-year Bond yield was up as high as 4.33% before it closed near 4.24%.

Data for the day featured an initial jobless claims count for the week ended November 6. The report was moved a day up on the calendar due to the observance of Veterans Day tomorrow (U.S. equity markets will remain open, but U.S. bond markets will be closed). It featured new initial claims of 435,000, which is down 24,000 week-over-week and less than the 450,000 that had been generally expected among economists polled by Briefing.com. Continuing claims were also down from the prior week. They came in at 4.30 million, down from 4.39 million.

The trade deficit for September totaled $44.0 billion, which is not quite as deep as the $44.8 billion deficit that had been expected, on average, among economists polled by Briefing.com. The September deficit was down a bit from the $46.5 billion deficit recorded for August. The deficits come in stark contrast with the $27 billion surplus recently reported by China for its trade in October -- something that will likely draw discussion during the G-20 meeting that begins tomorrow.

Meanwhile, the Treasury budget for October featured a deficit of $140.4 billion, which is essentially on par with the $140.0 billion budget deficit that had been expected among economists that were polled by Briefing.com.

Advancing Sectors: Financials (+1.4%), Energy (+1.3%), Consumer Discretionary (+0.8%), Materials (+0.5%), Tech (+0.2%)
Declining Sectors: Utilities (-0.6%), Consumer Staples (-0.3%), Industrials (-0.2%), Telecom (-0.1%)
Unchanged: Health CareDJ30 +10.29 NASDAQ +15.80 NQ100 +0.5% R2K +1.2% SP400 +0.9% SP500 +5.31 NASDAQ Adv/Vol/Dec 1780/2.02 bln/867 NYSE Adv/Vol/Dec 1855/1.12 bln/1138

7:05PM SMSC announces mobile embedded controller IP license agreement with Fintek (SMSC) 26.79 +0.68 : Co entered into an agreement to license certain of its 8 bit MEC1300 mobile embedded controller intellectual property to Feature Integration Technology Inc. (Fintek), a privately held company based in Hsinchu, Taiwan. Fintek intends to utilize the technology as part of its mobile embedded controller line of products targeting notebook, netbook, smartbook and tablet platforms. As part of the agreement, SMSC will receive an undisclosed royalty associated with Fintek device sales.

4:07PM Cisco Systems beats by $0.02, reports revs in-line (CSCO) 24.49 +0.14 : Reports Q1 (Oct) earnings of $0.42 per share, $0.02 better than the Thomson Reuters consensus of $0.40; revenues rose 19.2% year/year to $10.75 bln vs the $10.74 bln consensus. Cash and cash equivalents and investments were $38.9 billion at the end of the first quarter of fiscal 2011, compared with $39.9 billion at the end of fiscal 2010; During the first quarter of fiscal 2011, Cisco repurchased 113 million shares of common stock under the stock repurchase program at an average price of $22.14 per share for an aggregate purchase; Days sales outstanding in accounts receivable (DSO) at the end of the first quarter of fiscal 2011 were 38 days, compared with 41 days at the end of the fourth quarter of fiscal 2010; Inventory turns on a GAAP basis were 11.2 in the first quarter of fiscal 2011, compared with 12.6 in the fourth quarter of fiscal 2010. "Cisco delivered solid financial results, during a challenging economic environment. While we have seen capital spending moderate in some areas of our business, our execution in the areas we can control and influence speak to the success and relevance of the company's strategy."

4:02PM Brooks Automation beats by $0.05, beats on revs (BRKS) 7.41 +0.14 : Reports Q4 (Sep) earnings of $0.38 per share, excluding non-recurring items, $0.05 better than the Thomson Reuters consensus of $0.33; revenues rose 183.3% year/year to $181.6 mln vs the $176.6 mln consensus. "Although we are starting to see moderation from the high growth levels attained during fiscal 2010, we believe that our principal served markets will remain healthy as the global economy continues to recover. Additionally, our successes with design-in wins, particularly in markets adjacent to semiconductor, will drive revenue and earnings growth for fiscal 2011."

09:39 am JA Solar target raised to $10 at Auriga U.S.A: . Auriga U.S.A raises their JASO tgt to $10 from $8 saying the co's strong 3Q report underscores its industry leading position, but near-term uncertainty surrounding 1Q seasonality will keep its multiple range-bound.