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From Briefing.com: 4:10 pm : The S&P 500 (+0.6%) registered its fifth consecutive advance despite seeing some volatility during the first half of the session.

Equity indices opened in positive territory after the September nonfarm payrolls report missed expectations (148K actual, 183K Briefing.com consensus). While the disappointing report underscored the subpar condition of the labor market, participants did not appear too concerned with the news knowing the Federal Reserve has pledged to maintain its loose monetary policy until conditions improve notably.

The market's response to the jobs report was a reflection of the belief that the Fed would not reduce the size of its asset purchases in the immediate term. On that note, Treasuries and gold rallied while the dollar sold off. The 10-yr yield fell nine basis points to a three-month low of 2.52% while gold futures jumped 1.9% to $1340.20 per troy ounce. Elsewhere, the Dollar Index lost 0.6%, ending at its lowest level since early February.

Nine of ten sectors posted gains while technology (-0.2%) underperformed after enduring some late-morning weakness. The tech sector fell from highs to lows during the first 90 minutes of the session as momentum names like Facebook (FB 52.68, -1.18), LinkedIn (LNKD 244.95, -4.84), and Yelp (YELP 69.41, -1.65) sold off. Netflix (NFLX 322.52, -32.47) also displayed weakness, reversing sharply from an earnings-driven gain of almost 10.0%.

Also of note, Apple (AAPL 519.87, -1.49) shed 0.3% after its latest product refresh event was met with a sell-the-news reaction after the stock rallied 5.1% over the past week.

Even though the tech sector briefly pressured the Nasdaq into the red, the S&P was underpinned by several influential groups like consumer discretionary (+0.7%) and energy (+0.7%). Interestingly, the energy sector rallied even as crude oil fell 1.4% to $98.30 per barrel.

Three of four countercyclical sectors outperformed as consumer staples, health care, and utilities advanced 1.4%, 0.9%, and 1.3%, respectively. Trading volume was in-line with average as just over 750 million shares changed hands on the floor of the New York Stock Exchange.

Looking back at today's remaining data, private payrolls added only 126,000 jobs in September after adding an upwardly revised 161,000 (from 152,000) in August. The consensus expected private payrolls to increase by 183,000. Aggregate wages rose 0.2% in September as hourly earnings increased 0.1% and the average workweek remained at 34.5 hours. While that is not as strong as we would like, it is enough to keep consumption spending moving upward. The unemployment rate fell to 7.2% from 7.3%.

The August net long-term TIC flows report indicated an $8.9 billion outflow of foreign capital from U.S. denominated assets. This follows the prior month's $31.1 billion inflow.

Separately, construction spending increased 0.6% in August following a big upward revision (1.4% from 0.6%) in July. The Briefing.com consensus expected construction spending to increase 0.4%.

Tomorrow, the weekly MBA Mortgage Index will be reported at 7:00 ET while September export prices ex-agriculture and import prices ex-oil will be released at 8:30 ET. The day's data will be topped off with the 9:00 ET release of the August FHFA Housing Price Index. On the earnings front, Boeing (BA 122.48, +1.01), Caterpillar (CAT 89.17, +1.47), and WellPoint (WLP 88.43, +0.83) will report their results before the opening bell.DJ30 +75.46 NASDAQ +9.52 SP500 +10.01 NASDAQ Adv/Vol/Dec 1400/1.82 bln/1150 NYSE Adv/Vol/Dec 2222/753.0 mln/814

3:30 pm :

Precious metals rose sharply in early morning pit trade as the dollar index fell on weaker-than-anticipated September nonfarm payrolls data. The report showed that 148K new jobs were added vs the 183K Briefing.com consensus, adding to expectations that the Federal Reserve will not reduce the pace of its asset purchases in the near-term
Dec gold lifted from its session low of $1312.90 per ounce and settled 2.0% higher at $1342.50 per ounce
Dec silver also came off its session low of $22.06 per ounce, rising as high as $22.83 per ounce. It settled at $22.79 per ounce, or 2.3% higher
Nov crude oil, however, extended yesterday's losses despite the weaker dollar index. The energy component pulled back from its session high of $100.30 per barrel and slipped into negative territory in morning floor action. It continued to trend lower and settled 1.4% lower at $98.32 per barrel
Nov natural gas fell deeper into negative territory following inventory data for the week ending Oct 11 that showed a build of 77 bcf when a build of 78-80 bcf was anticipated. It retreated from its session high of $3.65 per MMBtu and brushed a session low of $3.57 per MMBtu moments before settling with a 2.5% loss at $3.58 per MMBtu

4:37PM AT&T will offer AAPL's iPad Air with Wi-Fi + Cellular on Friday, Nov 1, and iPad mini with Retina display with Wi-Fi + Cellular later in November (T) 35.23 +0.01

4:35PM Unisys drops over 5 pts to $20.88 following poor Q3 results (see 16:33 post) (UIS) 26.09 +0.44 :

4:23PM IRobot reports EPS in-line, misses on revs; guides Q4 EPS below consensus, revs below consensus (IRBT) 36.45 +0.35 : Reports Q3 (Sep) earnings of $0.26 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.26; revenues fell 1.4% year/year to $124.5 mln vs the $127.13 mln consensus.

Co issues downside guidance for Q4, sees EPS of $0.06-0.11 vs. $0.19 Capital IQ Consensus Estimate; sees Q4 revs of $124-129 mln vs. $129.20 mln Capital IQ Consensus Estimate.

For 2014, preliminary revenue expectations are for mid-high teen growth, consistent with the financial targets.

4:23PM Corning spkes to 2+ year high after acquiring full ownership of SCP JV from Samsung; sees in-line Q3 results, sees Q4 lower QoQ; authorizes $2 bln share repurchase (GLW) 15.35 : Co issues guidance for Q3 (Sep), sees EPS of $0.33, excluding non-recurring items, vs. $0.32 Capital IQ Consensus Estimate; sees Q3 (Sep) revs of core $2.1 bln vs. $2.1 bln Capital IQ Consensus Estimate.

In the Display Technologies segment, third-quarter LCD glass sequential price declines remained moderate, as expected. LCD glass volume was up slightly sequentially, driven by higher-than-expected demand in the wholly owned business. Sales in all other segments were in line with expectations. Core gross margin was 44%, up nearly two percentage points year over year and up slightly sequentially.

The co expects Q4 results to be lower sequentially, mainly driven by normal seasonality in its Telecommunications, Life Sciences, and Environmental Technologies segments. Adding to the seasonality impact is a significant year-over-year decrease in fiber sales in North America and China, and slower-than-expected construction of the National Broadband Network (NBN) in Australia. In Display Technologies, the co expects moderate sequential price declines and sequential volumes to be down slightly for its LCD glass.

Corning also announced it is obtaining full ownership of Samsung Corning Precision Materials Co., Ltd. (SCP) -- (SSNLF), an unconsolidated equity venture with Samsung Display that manufactures LCD glass in Korea. Samsung Display currently owns 43% of SCP.

Corning's board authorized an additional $2 billion share repurchase program Actions expected to be immediately accretive on fully diluted basis for Corning.
4:19PM Altera beats by $0.03, misses on revs; guides Q4 revs below consensus (ALTR) 37.31 -0.15 : Reports Q3 (Sep) earnings of $0.37 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.34; revenues fell 9.9% year/year to $445.9 mln vs the $451.97 mln consensus.

Year-to-date cash flow from operating activities was $459.4 million. Altera repurchased approximately 161 thousand shares of its common stock during the quarter at a cost of $5.3 million

Guidance: Co issues downside guidance for Q4, sees Q4 revs down 3% to up 1% sequentially, equating to approximately $432.5-$450.36 vs. $474.55 mln Capital IQ Consensus Estimate. Sees Q4 gross margin of 68.5%, plus/minus 0.5%. Sees R&D expense of $110-$111 mln and SG&A of $82-$83 mln.

4:15PM Juniper Networks beats by $0.02, beats on revs; guides Q4 EPS in-line, revs in-line (JNPR) 20.36 -0.49 : Reports Q3 (Sep) earnings of $0.33 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.31; revenues rose 6.1% year/year to $1.19 bln vs the $1.17 bln consensus. Co reported Operating Margin: 12.2% GAAP; 19.8% non-GAAP, up 0.9 pts from Q2'13

Co issues in-line guidance for Q4, sees EPS of $0.35-0.37, excluding non-recurring items, vs. $0.36 Capital IQ Consensus Estimate; sees Q4 revs of $1.2-1.230 bln vs. $1.23 bln Capital IQ Consensus Estimate. Co sees Q4 Non-GAAP gross margin will be 64.5%, plus or minus 0.5% & Non-GAAP operating expenses will be $510 million to $525 million.

"We delivered our fifth consecutive quarter of year-over-year growth. Our performance reflects our continued ability to execute our strategy with agility in a dynamic macro environment...We continue to see strong demand from our service provider customers and gain traction in the enterprise. It is evidence that our innovative and differentiated product portfolio is aligned with the needs of our customers as they look to build the best networks for their businesses."

4:14PM Super Micro Computer beats by $0.01, beats on revs; guides Q2 EPS in-line, revs in-line (SMCI) 14.26 +0.03 : Reports Q1 (Sep) earnings of $0.22 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.21; revenues rose 14.1% year/year to $309 mln vs the $304.82 mln consensus.

Co issues in-line guidance for Q2, sees EPS of $0.25-0.31 vs. $0.28 Capital IQ Consensus Estimate; sees Q2 revs of $320-350 mln vs. $328.59 mln Capital IQ Consensus Estimate.
"Looking ahead, we are again first to market with the broadest array of new Ivy Bridge solutions in the industry and we will use this position together with our global foundation to take full advantage of the market share opportunities."

4:09PM Broadcom beats by $0.07, reports revs in-line; guides Q4 revs below consensus (BRCM) 27.14 -0.18 : Reports Q3 (Sep) earnings of $0.76 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus Estimate of $0.69; revenues rose 0.8% year/year to $2.15 bln vs the $2.13 bln consensus. Co issues downside guidance for Q4, sees Q4 revs of $1.915- 2.03 bln vs. $2.13 bln Capital IQ Consensus Estimate. Product gross margin in Q4 is expected to decline 50-100 bps.

4:06PM Corning and Samsung strengthen Strategic Collaborations; Corning board authorizes additional $2 billion share repurchase program (GLW) 15.35 +0.26 : Corning announces that it is entering into a series of strategic and financial agreements with Samsung Display Co., Ltd., intended to strengthen product and technology collaborations between the two companies. These agreements will allow Corning to extend its leadership in specialty glass and drive earnings growth. Corning expects the transactions to close in the first quarter of 2014.

Transaction Highlights:

Corning obtaining full ownership of Samsung Corning Precision Materials Co., Ltd. (SCP), an unconsolidated equity venture with Samsung Display that manufactures LCD glass in Korea. Samsung Display currently owns 43% of SCP.
After redemption of their interest in SCP, Samsung Display's investment in new convertible preferred shares of Corning with an aggregate face amount of $1.9 billion.
Corning's acquisition of the other shareholders' minority interests in SCP for an expected proportional cash payment.
Samsung Display's additional $400 million investment in Corning by subscribing to new convertible preferred shares.
Using Corning's current share count, Samsung Display's combined investment in Corning would result in approximately 7.4% ownership on an as-converted basis.
A new long-term LCD display glass supply agreement between Corning and Samsung Display through 2023.
A strengthening of the two companies' technology collaborations on strategic product development and commercialization initiatives.
In addition, Corning's board of directors has authorized an additional $2 billion of share repurchases through Dec. 31, 2015, dependent upon the transaction closing.

4:02PM Celestica beats by $0.01, reports revs in-line; guides Q4 EPS in-line, revs below consensus (CLS) 10.49 -0.27 : Reports Q3 (Sep) earnings of $0.22 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of $0.21; revenues fell 5.3% year/year to $1.49 bln vs the $1.49 bln consensus.

Co issues mixed guidance for Q4, sees EPS of $0.20 to $0.26, excluding non-recurring items, vs. $0.24 Capital IQ Consensus Estimate; sees Q4 revs of $1.4 to $1.5 billion vs. $1.57 bln Capital IQ Consensus Estimate.

2:02PM Apple confirms updated MacBook Pro with Retina display with fourth generation Intel Core processors, faster graphics and longer battery life (AAPL) 519.40 -1.96 : Apple confirms updated MacBook Pro with Retina display with fourth generation Intel Core (INTC) processors, the latest graphics, longer battery life (9h, 2 more than prior), faster flash storage and next generation Wi-Fi starting at lower price of $1299. iWork and iLife are now free with the purchase of every new Mac.

2:01PM Apple confirms the launch of new Mac Pro (AAPL) 519.59 -1.77 : Co confirmed the launch of the all-new Mac Pro. Designed around an innovative unified thermal core, the Mac Pro features the latest Intel (INTC) Xeon processors with up to 12 cores, dual workstation-class GPUs, six Thunderbolt 2 ports, PCIe-based flash storage and ultra-fast ECC memory. The all-new Mac Pro starts at $2,999 and will be available in December.

The new Mac Pro features 4-core, 6-core, 8-core or 12-core Intel Xeon processors running at Turbo Boost speeds up to 3.9 GHz that deliver double the floating point performance of the previous generation Mac Pro.

Large Cap Gainers

WHR (144.95 +10.67%): Beat on EPS by $0.07, missed on revs; raised FY13 EPS guidance in-line.
ILMN (88.55 +8.3%): Beat on EPS by $0.05, beat on revs; guided FY13 EPS above consensus, revs above consensus; target raised to $100 from $86 at Mizuho.
RIG (49.13 +5.5%): Co to replace Dell (DELL) in the S&P 500 after the close of trading Oct 28.

Large Cap Losers

COH (50.26 -7.24%): Beat on EPS by $0.01, missed on revs; N. Am comps down 6.8%; sees FY14 sales growth flat to low single digit in current currency.
ARMH (49.09 -5.2%): Reported in-line earnings with upside rev; guided Q4 rev in-line.
NFLX (338.98 -4.51%): Beat on EPS by $0.03, reported revs in-line; guided Q4 EPS above consensus; upgraded to Equal Weight from Underweight at Evercore; target raised to $360 from $300 at Northland Capital; tgt to $460 from $340 at JPMorgan; heard tgt raised to $450 at Janney.

Mid Cap Gainers

NUS (110.11 +7.22%): Beat on EPS by $0.37, beat on revs; guided Q4 EPS above consensus, revs above consensus.
QEP (32.99 +6.13%): Jana Partners disclosed a 7.5% active stake in co.
LXK (38.34 +7.07%): Beat on EPS by $0.04, beat on revs; guided Q4 EPS in-line.

Mid Cap Losers

ZION (27.69 -7.27%): Downgraded to Neutral from Buy at Citigroup.
AMD (3.16 -6.23%): Downgraded to Underperform from Mkt Perform at Bernstein.
PII (130.01 -4.43%): Beat on EPS by $0.03, beat on revs; raised FY13 EPS in-line, revs in-line.

10:06AM Semiconductor Hldrs ETF lags in early trade (SMH) 41.30 -0.08 : The SMH has slipped back into the red after a minor upticks while the major averages have extended opening gains. Underperforming thus far are: ARMH -5.9%, AMD -4%, TXN -2.4%, CRUS -0.7%, NVDA -0.6%, BRCM -0.4%, INTC -0.3%, ADI -0.2%.

10:01AM Texas Instruments gap down and extension, attempting to stabilize near its 50 sma/ema at 39.76/39.72 -- session low 39.78 (TXN) 39.85 -1.13 :
9:47AM Ultra Clean Holdings (+14%) at 18 month high following beat and raise (UCTT) 8.13 +1.02 :

Ciena (CIEN) announced that Cablevision Argentina is deploying Ciena's 6500 Packet-Optical Platform to upgrade its inter-urban broadband backbone across Argentina

Cypress Semiconductor (CY) and D-Wave Systems announced that D-Wave has successfully transferred its proprietary process technology for building quantum computing microprocessors to Cypress's Wafer Foundry located in Bloomington, Minnesota.

Axcelis Technologies (ACLS) has received a multiple system order for the co's new Purion XE single wafer, high energy implanter.

Finisar (FNSR) introduced its complete XFP-RF transmitter portfolio including the industry's first analog RF-modulated, Small-Form Factor optical transmitter for cable operators' access networks.

DSP Group (DSPG) announced that its DCX DECT SoC and XpandR III multimedia chipset are both powering iiNET's Budii home gateway, home smartphone and tablet.

6:59AM EMC misses by $0.05, misses on revs; lowers FY13 EPS, revs below consensus (EMC) 25.24 : Reports Q3 (Sep) earnings of $0.40 per share, excluding non-recurring items, $0.05 worse than the Capital IQ Consensus Estimate of $0.45; revenues rose 4.9% year/year to $5.54 bln vs the $5.8 bln consensus.

Co issues downside guidance for FY13, lowers EPS to $1.80, excluding non-recurring items, from $1.85 vs. $1.86 Capital IQ Consensus; lowers FY13 revs to $23.25 bln from $23.5 bln vs. $23.45 bln Capital IQ Consensus Estimate. "While our financial results for the third quarter were impacted by a decline in US federal spending and a backend-loaded quarter, we achieved almost all of our strategic and operational goals. We were pleased to see storage demand accelerate in the third quarter excluding US federal, and we think this is an encouraging sign for the storage market overall. Going forward, we remain confident EMC will continue to grow and gain market share."

Nokia (NOK) announced new innovations to design and imaging with six new devices, applications and experiences, including Nokia's first Windows tablet, the Lumia 2520, offers combined LTE and Wi-Fi connectivity and is designed to deliver the best outdoor and indoor readability.

Microsemi (MSCC) unveiled its new miSLIC Series line circuits in booths E21-E22 at the Broadband World Forum tradeshow in Amsterdam. The new fifth-generation telephone line interface solution provides worldwide network operators with the industry's most economical solution for adding two channels of voice to broadband products including residential gateways, DSL integrated access devices, cable embedded multimedia terminal adapters and fiber-to-the-premise solutions.

Ultra Clean Holdings (UCTT $8.00 +0.89) reported third quarter earnings of $0.12 per share, excluding non-recurring items, which is higher than expected, while revenues rose 6.3% year/year to $107.2 million which is lower than expected. The company issued upside guidance for the fourth quarter with EPS of $0.18-0.22, excluding non-recurring items which is higher than expected with revenues of $120-125 million which is higher than expected.

07:28 am Texas Instruments shares fall 3% following earnings
Texas Instruments (TXN $39.70 -1.29) reported third quarter GAAP earnings of $0.56 per share, which is better than expected, while revenues fell 4.3% year/year to $3.24 billion which is higher than consensus. Sept 10 mid-quarter update, the company narrowed Q3 EPS guidance to $0.51-0.55 from $0.49-0.57; co narrowed rev guidance to $3.15-3.29 billion from $3.09-3.35 billion. The company issued downside guidance for the fourth quarter with GAAP EPS of $0.42-0.50 which is below expectations, with revenues of $2.86-3.10 billion which is lower than expected.

"Our revenue in the quarter was up 6 percent sequentially. Excluding the legacy wireless products, revenue grew 10 percent sequentially. Our book-to-bill ratio was 0.97, consistent with an expected seasonal revenue decline in the fourth quarter. Analog and Embedded Processing are now 80 percent of TI's revenue, eight points higher than a year ago. The combined revenue from these two businesses grew 10 percent sequentially and 7 percent from a year ago. Our legacy wireless products declined to less than 2 percent of revenue.

07:26 am Symmetricom shares soar 49% following acquisition by Microsemi (MSCC)
Microsemi Corporation (MSCC $25.56 +0.00) and Symmetricom (SYMM $7.15 +2.38) a worldwide leader in precision time and frequency technologies announced that they have entered into a definitive agreement to acquire Symmetricom, Inc. for $7.18 per share through a cash tender offer, representing a premium of 49 percent based on the average closing price of Symmetricom's shares of common stock during the 90 trading days ended Oct. 18, 2013.

The board of directors of Symmetricom unanimously recommends that Symmetricom's stockholders tender their shares in the tender offer. The total transaction value is approximately $230 million, net of Symmetricom's projected cash balance at closing. Microsemi expects significant synergies from this immediately accretive transaction. Based on current assumptions, Microsemi expects the acquisition to be $0.22 to $0.25 accretive in its first full calendar year ending December 2014. Microsemi reaffirmed its fiscal fourth quarter guidance included in its fiscal third quarter earnings release issued on July 25, 2013. The company previously guided for Q4 revs +2-4% q/q and adjusted EPS of $0.51-0.55.

"This quarter's results demonstrate that our focus on meeting customers' needs is driving sustainable growth across our franchise as we increase loans and households served...This marks the second consecutive quarter that we achieved loan growth and expanded net interest income. At the same time, our asset quality continues to improve and our strong capital levels position us well for the future."