Stock Market Update

[BRIEFING.COM] The S&P 500 (-1.2%), Nasdaq Composite (-1.0%), and DJIA (-1.6%) remain firmly lower an hour into today's action. 

The top-weighted information technology sector (-0.4%) is one of the better-performing S&P 500 sectors so far, now within 0.5% of its flatline. Sandisk (SNDK 558.74, +31.41, +5.96%) is an outperformer as memory storage names reclaim a chunk of recent weakness, while NVIDIA (NVDA 178.36, +0.54, +0.30%) has moved into positive territory. The PHLX Semiconductor Index is now down a modest 0.6%. 

Meanwhile, software names have seen their recent rebound effort stalled, as the iShares GS Software ETF trades 1.5% lower. Oracle (ORCL 147.89, -5.07, -3.31%) is a laggard ahead of its earnings release later this week,