Stock Market Update

[BRIEFING.COM] Today is a good day for the market at the index level. It's more of a "meh" day for the broader market, evidenced by an equal-weighted S&P 500 that is down 0.1% for the session.

Breadth figures connote a similar feeling, with advancers and decliners roughly even at the NYSE and advancers leading decliners at the Nasdaq by a 14-to-9 margin.

Today's strength has been concentrated in the tech stocks and the semiconductor stocks in particular, so it stands to reason that breadth looks better at the Nasdaq, which hit a new all-time high today.

The Philadelphia Semiconductor Index is up 2.6% today, leaving it up 30.5% for the month!