Stock Market Update

[BRIEFING.COM] The stock market has seen some profit-taking across its largest components following yesterday's rally, which weighs against split strength in the broader market and keeps the S&P 500 (-0.2%), Nasdaq Composite (-0.6%), and DJIA (+0.5%) mixed. 

A more risk-off tone in today's trade keeps the Russell 2000 (-0.4%) and S&P Mid Cap 400 (-0.3%) below their baselines as well. 

The information technology sector's (-1.3%) loss weighs on the major averages, with NVIDIA (NVDA 192.80, -6.24, -3.14%) coming under pressure after Softbank (SFTBY 74.28, +1.88, +2.59%) sold the entirety of its stake in NVIDIA for $5.8 billion. 

Pressure across chipmakers sends the PHLX Semiconductor Index 2.3% lower, though the majority of names in the broader technology sector hold losses. 

Meanwhile, six S&P 500 sectors hold gains, with the defensive health care (+1.4%) and consumer staples (+0.9%) sectors among the top performers, while the energy sector (+1.7%) leads the advance as the price of oil increases $0.90 (+1.5%) to $61.03 per barrel. 

Pockets of strength in the broader market keep the S&P 500 Equal Weighted Index (+0.3%) above its baseline, while tech and mega-cap weakness weigh on the market-weighted index (-0.2%).