Stock Market Update

[BRIEFING.COM] There's not a lot of conviction in early action after the August jobs report, which was mixed. Advancers lead decliners by a roughly 3-to-2 margin at the NYSE and decliners lead advancers by an 11-to-10 margin at the Nasdaq.

Losses in semiconductor-related names have contributed to losses in the S&P 500 and Nasdaq Composite. This price action also has the PHLX Semiconductor Index (SOX) trading 2.7% lower and the S&P 500 information technology sector (-0.8%) underperforming the index.

The Dow Jones Industrial Average (+0.1%) and Russell 2000 (+0.2%) have traded higher so far.

The 10-yr note yield is at 3.73% and the 2-yr note yield is at 3.72%.