Stock Market Update

[BRIEFING.COM] Some buying activity is building under the index surface, leading the equal-weighted S&P 500 to trade 0.1% higher.

Market breadth was negative earlier, but advancers are roughly in-line with decliners at the NYSE now. Decliners have a slim lead over advancers at the Nasdaq, but margins have narrowed from earlier in the session. 

Losses in the mega cap and chipmaker spaces have contributed to index level declines. The Vanguard Mega Cap Growth ETF (MGK) shows a 0.1% decline and the PHLX Semiconductor Index (SOX) trades 1.2% lower.