Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.4%), Nasdaq Composite (+0.9%), and DJIA (flat) are now off of their session highs as the information technology sector (-0.3%) slips beneath its flat line. 

Monolithic Power (MPWR 970.56, -117.00, -10.76%) is at the bottom of the standings despite a beat-and-raise earnings report, while First Solar (FSLR 263.39, +29.81, +12.76%) surges after reporting EPS and revenues in-line. 

The financials sector (flat) is also putting up an underwhelming performance today despite Coinbase Global (COIN 356.16, +27.64, +8.42%) rallying after beating earnings expectations. The sector faces modest pressure in its major banking names, which traded higher yesterday