[BRIEFING.COM] The major averages continue to hold solid gains shortly after midday.
After two consecutive days of solid tech gains, the S&P 500 has reclaimed its 50-day moving average (6,895.87), and the Nasdaq Composite has narrowed its year-to-date loss to 0.5%.
The information technology sector (+1.8% today, -1.7% year-to-date) remains further below its baseline amid sharp sell-offs across software names and a relatively stagnant showing from mega-cap names this year.