Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.4%), Nasdaq Composite (+0.4%), and DJIA (+0.3%) trade in a relatively tight range a touch above their session lows. 

While the information technology sector (+0.2%) has given up most of its early gain due to several large chipmakers, including NVIDIA (NVDA 182.68, -0.54, -0.29%) and Broadcom (AVGO 317.80, -7.12, -2.19%), the PHLX Semiconductor Index (+0.1%) remains slightly higher for the day. Memory storage names such as Western Digital (WDC 301.00, +14.79, +5.17%) and Micron (MU 455.17, +13.37, +3.03%), which reports its earnigns after the close tomorrow, are once again among the top-performers. 

Elsewhere in the sector, software stocks are a point of strength, with the iShares GS Software ETF up 1.1%.