Stock Market Update
23-Jan-26 10:55 ET
Tech gains lifting major averages from session lows
Dow -213.87
at 49168.93,
Nasdaq +144.22
at 23580.27,
S&P +14.01
at 6927.35
[BRIEFING.COM] The major averages continue to sit mixed, though they are trending upwards in tandem with improvements to the information technology sector (+0.8%).
The sector has done a solid job of shrugging off Intel's (INTC 46.40, -7.92, -14.58%) post-earnings weakness. Support comes from another solid day of gains across software names, sending the iShares GS Software ETF (IGV) 0.9% higher.
Additionally, NVIDIA (NVDA 188.05, +3.21, +1.74%) and Microsoft (MSFT 466.26, +15.12, +3.35%) continue to provide solid leadership amid a decent mega-cap advance that sets the Vanguard Mega Cap Growth ETF with a 0.8% gain.
After considerable weakness early in the week, the technology sector is now down just 0.5% for the week.
