Stock Market Update

[BRIEFING.COM] The major averages sit mixed shortly after the open, with solid but thin leadership coming from the information technology sector (+0.9%). The tech-heavy Nasdaq Composite (+0.2%) in turn outperforms the S&P 500 (flat) and DJIA (-0.1%) in the early going. 

NVIDIA (NVDA 183.56, +1.15, +0.63%) and Microsoft (MSFT 489.09, +5.93, +1.23%) provide the sector with strong mega-cap leadership, while chipmakers such as Broadcom (AVGO 399.50, +9.26, +2.37%) and Micron (MU 246.90, +9.68, +4.08%) contribute to a 1.1% gain in the PHLX Semiconductor Index. 

Meanwhile, the industrials sector (+0.3%) holds a more modest gain, while the nine other S&P 500 sectors move lower. 

Losses are contained to within 1.0%, with the exception of the communication services sector (-1.0%). Alphabet (GOOG 318.92, -3.17, -0.98%) and Meta Platforms (META 667.85, -5.57, -0.83%) both move lower while Netflix (NFLX 97.26, -2.98, -2.97%) is a laggard as it faces regulatory approval concerns in its accepted bid to acquire Warner Bros. Discovery (WBD 27.80, +1.72, +6.58%).