The more conservative price-weighted Dow Jones Industrial Average (DIA) rallied led mostly by higher priced constituents (IBM, CAT, MMM, KO, DD and etc.) Tech and the S&P took a different path with the former led lower by Apple and the latter with just about everything else.
The early Retail Sales report (.8% vs .3% consensus & 1% previous) was well-received early as even ex-auto & gasoline sales data was fine. However, the Empire State Mfg Survey (6.7 vs 18 consensus & 20.21 previous was a large negative miss. That was followed quickly by Home Market Index (25 vs 29 consensus & prior 28) which was another disappointment. Apple (AAPL) continues to see selling for the fifth straight day as downside momentum builds. This added to the negative sentiment.