Stock Market Update

[BRIEFING.COM] The major averages are charting session lows shortly before the close as selling activity picks up. 

The information technology sector (-0.7%) is now among the worst-performing S&P 500 sectors, with NVIDIA (NVDA 187.53, -0.01, -0.01%) giving up its earlier gain. onsemi (ON 54.42, +0.18, +0.34%) is now the only stock in the sector that trades higher. 

Meanwhile, Transdigm Group (TDG 1337.51, +21.06, +1.60%) is an S&P 500 standout today and one of just a handful of names that trade higher in the industrial sector (-0.7%) after entering into a definitive agreement to acquire Stellant Systems, a portfolio company of Arlington Capital Partners, for ~$960 mln in cash, including certain tax benefits