Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.3%), Nasdaq Composite (-0.5%), and DJIA (-0.4%) are little changed from their opening losses amid another quiet session. 

The major averages face pressure in tech names against a backdrop that skews negative in the broader market. Decliners outpace advancers by a roughly 3-to-2 margin on the NYSE and a roughly 9-to-4 clip on the Nasdaq. 

Cruise lines, such as Norwegian Cruise Line (NCLH 22.28, -0.52, -2.30%) and Royal Caribbean (RCL 280.83, -4.84, -1.69%), face a continuation of Friday's pressure. Stocks across the industry rose sharply two weeks ago after Carnival (CCL 30.40, -0.30, -0.96%) posted an impressive earnings report.