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From Briefing.com: 4:10 pm : Stocks closed in the middle of today's range as the strength found after the opening plunge waned in afternoon trade. The Dow saw the biggest decline, falling 0.7% while the S&P and Nasadq both lost 0.6%.

Oil & gas equipment & services co Baker Hughes (BHI 79.95, +0.05) beat on both the top and bottom lines and closed up 0.1% after it was able to shrug off a $0.16 per share loss on operations in Libya.

Pepsico (PEP 64.37, -1.39) saw more selling pressure today after being downgraded and removed from Goldman Sachs' Conviction Buy List. Weaker than expected demand in developed countries and rising commodity costs were highlights from the most recent quarter.

Apple (AAPL 398.50) touched $400 in early afternoon trade as momentum carried over from last week's blowout earnings. In just the past week the company has seen China Mobile (CHL 49.20, -0.16) and China Unicom (CHA 65.76, -0.98) announce plans to sell the iPhone 5 by the end of 2011.

Industrial stocks outperformed after Eaton Corp. (ETN 52.59, +1.43) and Roper Industries (ROP 87.13, +2.67) both topped estimates. Eaton announced EPS of $0.95 per share which topped the Capital IQ Consensus Estimate of $0.93 per share. Roper Industries saw solid gains on the back of strong earnings. The stock ended up 3.2% after announcing record sales of $708 million for the quarter, and raising its full year 2011 guidance to $4.20-4.30 per share, up from the $3.97-4.12 per share.

E*TRADE Financial (ETFC 16.52, +0.88) finished up 5.6% after the company's board of directors responded to a Citadel letter by saying it has retained Morgan Stanley to conduct a review of its strategic alternatives. Speculation has rival Ameritrade (AMTD 19.96, +0.35) making a bid for the company.

The dollar index ended with a modest loss, but was able to hold the 74.00 level for a third consecutive session. The euro eked out a small gain, but was unable to close above 1.44 resistance in quiet trade. Safe haven buying in the Swiss franc pushed it to a record .8020 per dollar.

The 10-yr yield ended the day slightly elevated as light selling ran it back up to 3.00% by the close of trade in the U.S. DJ30 -88.36 NASDAQ -16.03 SP500 -7.59 NASDAQ Adv/Vol/Dec 605/1.57 bln/2006 NYSE Adv/Vol/Dec 577/760.9 mln/2470

5:19PM Advanced Energy misses by $0.05, reports revs in-line; guides Q3 EPS below consensus, revs in-line (AEIS) 12.11 -0.33 : Reports Q2 (Jun) earnings of $0.31 per share, $0.05 worse than the Capital IQ Consensus Estimate of $0.36; revenues rose 38.1% year/year to $138.2 mln vs the $138.4 mln consensus. Co issues mixed guidance for Q3, sees EPS of $0.20-0.30, excluding non-recurring items, vs. $0.35 Capital IQ Consensus Estimate; sees Q3 revs of $130-140 mln vs. $138.88 mln Capital IQ Consensus Estimate.

4:34PM Texas Instruments beats by $0.02, reports revs in-line; guides Q3 EPS, revs in-line (TXN) 31.47 -0.31 : Reports Q2 (Jun) earnings of $0.56 per share, $0.02 better than the Capital IQ Consensus Estimate of $0.54; revenues fell 1.1% year/year to $3.46 bln vs the $3.43 bln consensus. Co issues in-line guidance for Q3, sees EPS of $0.55-0.65 vs. $0.63 Capital IQ Consensus Estimate; sees Q3 revs of $3.4-3.7 bln vs. $3.62 bln Capital IQ Consensus Estimate. TI's operating profit was negatively impacted by about $50 mln due to costs associated with the March earthquake in Japan. Orders were $3.60 billion, down 3 percent from the year-ago quarter and about even with the prior quarter. Inventory was $1.76 billion at the end of the quarter, up $413 mln from a year ago and up $84 million from the prior quarter. The increase in both comparisons was primarily due to the company building inventory for higher customer service levels, which included the ramp-up of new manufacturing capacity. Gross margin 30.7%. "We are pleased with the continued success of the TI portfolio in Analog and Embedded Processing. Sequential revenue growth was driven by Embedded Processing up 12% and Analog up 3%, and we believe we again gained market share in both segments."

4:34PM Sunpower lowers EPS guidance, narrows revenue guidance (SPWRA) 20.88 -1.44 : Co issues mixed guidance for Q2 (Jun), sees EPS of ($0.20) - ($0.19) down from ($0.05) - $0.10 vs. ($0.01) Capital IQ Consensus Estimate; sees Q2 (Jun) revs of $590-595 mln narrowed from $550-600 mln vs. $569.51 mln Capital IQ Consensus Estimate. The company now expects its second-quarter non-GAAP gross margin to be in the range of approximately 12 percent to 13 percent, compared to its previously announced outlook of 15 percent to 17 percent. Firm says "While we met our revenue goals for the second quarter, our gross margin and bottom line performance was impacted by market conditions in Germany and Italy, despite these challenges, we successfully reduced inventory quarter over quarter and have begun the process of cancelling above-market third-party cell contracts. In addition, we continue to execute on our accelerated cost reduction roadmap and are ahead of our original plan. With the closure of the Total transaction, we commenced negotiations with banks to effectively utilize our $1 billion credit support agreement and expect to enter into new and more flexible credit facilities shortly. With continued strong demand for our high-efficiency systems and our partnership with Total, we are poised to gain share profitably." (stock is halted)

4:13PM Sanmina-SCI beats by $0.08, beats on revs; guides Q4 EPS above consensus, revs above consensus (SANM) 9.22 -0.35 : Reports Q3 (Jun) earnings of $0.42 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus Estimate of $0.34; revenues rose 2.5% year/year to $1.67 bln vs the $1.65 bln consensus. Co issues upside guidance for Q4, sees EPS of $0.40-0.44, excluding non-recurring items, vs. $0.34 Capital IQ Consensus Estimate; sees Q4 revs of $1.65-1.70 bln vs. $1.65 bln Capital IQ Consensus Estimate.

4:09PM Volterra Semi beats by $0.06, beats on revs (VLTR) 22.99 -0.63 : Reports Q2 (Jun) earnings of $0.28 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus Estimate of $0.22; revenues rose 3.7% year/year to $41.7 mln vs the $38.5 mln consensus.

4:08PM Broadcom beats by $0.09, reports revs in-line (BRCM) 34.91 -0.56 : Reports Q2 (Jun) earnings of $0.72 per share, $0.09 better than the Capital IQ Consensus Estimate of $0.63; revenues rose 12.5% year/year to $1.8 bln vs the $1.8 bln consensus. Product gross margin was 51.1%. Co states, "Looking forward, we see strong demand for our communications solutions, reinforcing that innovation is driving customer demand. We expect solid growth in revenue and profitability in Q3."

4:05PM PLX Tech beats by $0.01, beats on revs; guides Q3 revs in-line (PLXT) 3.31 -0.05 : Reports Q2 (Jun) loss of $0.06 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of ($0.07); revenues rose 9.3% year/year to $30.7 mln vs the $29 mln consensus. Co issues in-line guidance for Q3, sees Q3 revs of $31-33 mln vs. $32.08 mln Capital IQ Consensus Estimate.

4:01PM Brooks Automation announces purchase of Nexus Biosystems for $79 mln (BRKS) 10.59 -0.19 : Co announced today that it had completed the acquisition of Nexus Biosystems. The net cash purchase price was $79 mln. Additionally, the co paid ~$6.7 mln for the value of the unrestricted cash held by Nexus at closing. For the trailing twelve months ended June 30, 2011, Nexus generated revenues of $36 mln.

Micrel (MCRL) rolled out the MAQ3203, an AEC-Q100 version of the MIC3203. This new step-down High Brightness LED driver IC reduces the complexity and cost of high current LED driver solutions in automotive lighting applications.

8:02AM Silicon Labs beats by $0.03, misses on revs (SLAB) 41.73 : Reports Q2 (Jun) earnings of $0.48 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.45; revenues fell 6.2% year/year to $126.2 mln vs the $127.5 mln consensus.