Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.2%) has seen the bulk of its early gains whittled away, sitting just modestly above its flatline in the last half hour of today's action.

The top-weighted information technology sector (+1.2%) remains firmly higher but has given back roughly half of its gain today, with Apple (AAPL 302.58, -4.76, -1.55%) reversing a 3% gain after developments at the company's WWDC seemingly disappointed investors.

The market will receive just a small batch of earnings reports after the close and before tomorrow’s open tomorrow, none of which are expected to have market-moving potential.