Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (flat), and DJIA (+0.7%) are little changed from previous levels at midday. 

A slight gain in the information technology sector (+0.1%) after an earlier loss has improved the standing of the major averages.  

The sector has faced pressure across chipmaker names such as NVIDIA (NVDA 182.23, -0.41, -0.23%), Micron (MU 203.30, -3.47, -1.68%), and Advanced Micro Devices (AMD 238.62, -1.94, -0.81%), keeping the PHLX Semiconductor Index (-0.4%) pinned beneath its flatline. 

Meanwhile, Apple (AAPL 263.98, +1.74, +0.66%) expands upon yesterday's strength, rising to a new record high, while a solid showing in software names helps the iShares Expanded Tech-Software Sector ETF (+1.1%) move higher.