Stock Market Update

[BRIEFING.COM] The S&P 500 and Nasdaq Composite moved up over the last half hour, remaining fractionally lower than yesterday. Small cap stocks are outperforming, leading the Russell 2000 to trade 0.2% above its prior close.

Buying in the chipmaker space has picked up steam through the session. The PHLX Semiconductor Index (SOX) shows a 0.3% gain with many components trading higher. Broadcom (AVGO 244.63, +4.93, +2.1%) is an influential winner from the space while NVIDIA (NVDA 139.50, -0.42, -0.5%) underperforms the broader market.

Treasury yields moved slightly lower. The 10-yr yield, at 4.63% earlier, sits at 4.61%.