Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.1%), Nasdaq Composite (-0.4%), and DJIA (-0.1%) now sit lower with just half an hour left in the session. Regardless of how the major averages finish out the day, they are poised for a lower finish to the week, with each index down over 1.0% for the week. 

Today's weakness at the index level is largely attributed to the top-weighted information technology sector (-0.5%), which has had a particularly choppy session. After holding solid gains around midday, the sector is now a laggard, with NVIDIA (NVDA 182.22, -4.72, -2.53%) and Apple (AAPL 256.13, -5.60, -2.14%) widening their losses late in the afternoon. 

Additionally, the PHLX Semiconductor Index (+0.5%) has shed well over half of its earlier gains.