Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (+0.2%), and DJIA (-0.2%) are approaching session lows as tech names begin to face some selling pressure. 

Chipmakers in particular are the subject of some renewed profit taking, with the PHLX Semiconductor Index up just 0.7% after holding a gain that neared 3.0%. NVIDIA (NVDA 184.29, +2.93, +1.61%) has given back nearly half of its early advance, and the broader information technology sector (+0.5%) has seen a similar pullback.

Tesla (TSLA 403.09, +1.84, +0.46%) faces similar pressure, with the consumer discretionary sector (-0.2%) retreating below its flatline. 

Alphabet (GOOG 295.20, +10.24, +3.59%) is still a beacon of strength across mega-cap names, though it too is nearly 1.5% off of session highs.