Stock Market Update

[BRIEFING.COM] The three major indices moved in a sideways flow over the last half hour. 

Strength in the semiconductor space continues to boost the broader market. NVIDIA (NVDA 114.85, +11.17, +10.8%), Broadcom (AVGO 156.04, +12.52, +8.7%), and Qualcomm (QCOM 175.33, +8.27, +5.0%) are among the top performing S&P 500 components, contributing to the 3.3% gain in the info tech sector.

The earnings results from AMD (AMD 146.77, +8.30, +6.0%), Microsoft's (MSFT 417.62, -5.39, -1.2%) robust capex budget, and talk that some foreign companies could be exempt from export restrictions to China have driven ongoing buying activity in the space. QCOM trades up ahead of its earnings report this afternoon.