[BRIEFING.COM] The major averages are off their worst levels of the session as technology stocks begin to lend some support.
The PHLX Semiconductor Index (+0.7%) now holds a decent gain after two consecutive sharply lower finishes. Memory names such as Seagate Tech (STX 860.98, +28.42, +3.41%) and electrical product names such as Lumentum (LITE 859.99, +32.39, +3.91%) , both of which have experienced elevated volatility this week, are now among the top-performing S&P 500 components.