Stock Market Update

[BRIEFING.COM] The major averages continue hovering near their opening levels with most sectors showing losses, led by technology (-0.8%).

The largest sector by weight owes its early underperformance to losses in most components, including NVIDIA (NVDA 133.28, -2.29, -1.7%) as the stock dips from levels last seen in late February. NVIDIA's underperformance is not reflective of the performance among other chipmakers, as the PHLX Semiconductor Index (-0.6%) trades just ahead of the broader tech sector.

On the upside, First Solar (FSLR 170.66, +5.74, +3.5%) is the leading performer in the sector, bouncing from three days of losses.