Stock Market Update

[BRIEFING.COM] The three major indices moved mostly sideways over the last half hour. Conviction is lacking in front of the holiday break. Markets are closed tomorrow for Thanksgiving and close early on Friday.

Chipmakers and mega caps continue to weigh down the broader equity market. The Vanguard Mega Cap Growth ETF (MGK) shows a 0.8% loss and the PHLX Semiconductor Index (SOX) sports a 1.5% decline. 

The heavily-weighted S&P 500 information technology sector is buried in last place today, showing a 1.1% loss. The next worst performing sector is consumer discretionary, which is down 0.5%, followed by industrials (-0.4%) and materials (-0.1%).