Stock Market Update

[BRIEFING.COM] The major indices are little changed from yesterday's closing levels, but once again, they have battled back from selling pressure in a patented buy-the-dip trade.

That will be seen as a victory for the bulls, especially when measured against the large losses being registered by ServiceNow (NOW 86.51, -16.56, -16.07%), IBM (IBM 231.48, -20.38, -8.09%), and lululemon athletica (LULU 143.94, -19.51, -11.94%), which named a new CEO that failed to impress investors.

Additionally, the software stocks have been hit hard today, with Salesforce (CRM 173.53, -16.27, -8.57%), Adobe (ADBE 237.84, -18.10, -7.07%), Oracle (ORCL 180.50, -7.00, -3.73%), and Microsoft (MSFT 422.75, -10.17, -2.35%) on the chopping block.

Gains in Apple (AAPL 273.67, +0.50, +0.18%), Alphabet (GOOG 339.29, +1.56, +0.46%), and Amazon (AMZN 257.34, +1.98, +0.78%) have been helpful offsets.