Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%) hovers just above its unchanged level while the Nasdaq (+0.4%) is maintaining its early lead.

Technology stocks have contributed to the early outperformance of the Nasdaq with chipmakers leading the way. NVIDIA (NVDA 141.17, +3.79, 2.7%) is seeking its best close since late January while Broadcom (AVGO 253.90, +5.19, +2.1%) has hit a fresh record high. The PHLX Semiconductor Index is up 1.3% while the technology sector (+0.9%) holds a slimmer gain.