Stock Market Update

[BRIEFING.COM] There hasn't been much up or down movement at the index level in recent trading.

Chipmakers continue to lag the broader equity market. The PHLX Semiconductor Index (SOX) trades 4.2% lower. Monolithic Power (MPWR 761.69, -158.12, -17.2%) is the worst performer in the SOX Index even though the company beat Q3 expectations.

The information technology sector has been weighed down by weakness in semiconductor shares, along with an earnings-related loss in Microsoft (MSFT 409.59, -22.89, -5.3%).