[BRIEFING.COM] There hasn't been much choppiness in the major indices over the last half hour. The major equity indices moved mostly sideways.
The CBOE Volatility Index (VIX), referred to as the "fear gauge," spiked above 50.0 as stocks moved off session highs. The move reflects increased hedging as investors brace for more volatility ahead.
Semiconductor shares have maintained gains as other stocks declined. The PHLX Semiconductor Index (SOX) is 1.5% higher.