Stock Market Update

[BRIEFING.COM] The major indices have been locked in mostly sideways action during the afternoon trade. Sideways isn't bad, though, because that means a posture in positive territory.

The Nasdaq Composite (+0.9%) has the highest perch today followed by the S&P 500 (+0.6%). The Russell 2000 (+0.3%) and Dow Jones Industrial Average (+0.4%) are keeping watch closer to the ground.

On a percentage basis, NVIDIA (NVDA 134.87, +3.73, +2.8%), Cisco (CSCO 64.21, +1.68, +2.7%), which reported results after yesterday's close, and Apple (AAPL 241.39, +4.52, +1.9%), which is partnering with Alibaba (BABA 118.81, +0.47, +0.4%) to develop AI for China iPhone users, according to The Information, are the biggest winners in the Dow. Separately, Apple also announced that it will be holding a product event on February 19.

Goldman Sachs (GS 644.43, -4.57, -0.7%) is today's worst-performing Dow component.

Moments ago, President Trump signed a presidential memorandum on reciprocal tariffs, saying the U.S. will match the tariff rates of other countries and will also consider value-added taxes and non-tariff barriers when deciding tariff rates.