Stock Market Update

[BRIEFING.COM] The major averages trade in a steady range, little changed from previous levels. 

Memory stocks such as Micron (MU 426.90, +27.12, +6.78%) and Western Digital (WDC 305.85, +21.74, +7.65%) are among today's outperformers, rebounding nicely from a weaker showing yesterday. 

Micron moved lower yesterday after The Wall Street Journal reported that the company is set to spend $200 billion to expand memory capacity. Today, the stock benefits from several notable 13F filings. 

Discovery Capital disclosed a new position of 105K shares, while Appaloosa increased its position from 0.5 million to 1.5 million shares.