[BRIEFING.COM] The S&P 500 (-0.1%), Nasdaq Composite (-0.1%), and DJIA (-0.1%) are now in modestly negative territory as semiconductor names continue to move lower.
The PHLX Semiconductor Index is now down 4.9%, which pushes the information technology sector (-1.6%) to the bottom of today's leaderboard. Memory names continue to struggle, with Western Digital (WDC 498.54, -64.78, -11.50%) sharply lower after reports that the company has reopened Kioxia merger talks.