Stock Market Update

[BRIEFING.COM] The major averages continue to tick upwards near their best levels of the session.

Small-cap and mid-cap stocks continue to outperform the market while mega-caps lag.

Though still in negative territory, the technology sector (-0.2%) has trimmed its losses due in part to gains from Apple (AAPL 213.11, +1.97, +0.8%), which continues its impressive rally in recent weeks with a quarter-to-date increase of 7.9%. 

Relative strength in chip stocks has the PHLX Semiconductor Index up 0.9% today. 

Treasuries are down slightly ahead of the $22 bln 30-year note reopening, as the 10-year note yield currently sits up 3 basis points at 4.37%.