Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.8%), Nasdaq Composite (+1.0%), and DJIA (+0.8%) are a touch off session highs just after midday.

Today's session breaks from the recent software vs. semiconductor dynamic, where one group has tended to outperform at the expense of the other.

The PHLX Semiconductor Index is up 0.8%, while the iShares GS Software ETF (IGV 90.72, +2.12, +2.39%) outperforms. Packaged software names such as AppLovin (APP 481.08, +27.56, +6.08%) and ServiceNow (NOW 91.19, +4.14, +4.76%) are among the top performers in the information technology sector (+1.8%), though Cisco (CSCO 116.37, +14.50, +14.23%) remains the clear standout in today's session.