Stock Market Update

[BRIEFING.COM] The S&P 500 (flat), Nasdaq Composite (-0.2%), and DJIA (flat) are at session lows as the market now faces some profit-taking from this morning's highs. 

The industrials sector (-0.4%) was the first S&P 500 sector to slip below its baseline, with the health care (-0.2%) and materials (-0.2%) sectors not far behind.

The information technology sector (-0.1%) now also slipped lower, which is weighing heavily on the major averages. NVIDIA (NVDA 185.93, -0.59, -0.32%) has given up the entirety of its nearly 3.0% gain today. Chipmakers have been hit especially hard with the recent wave of selling, as the PHLX Semiconductor Index now holds a 1.2% loss