Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.3%) is fighting to maintain a portion of its early gain, which has been largely owed to a solid start in the top-weighted technology sector (+0.9%).

The sector remains ahead of the broader market at this time with NVIDIA (NVDA 141.26, +6.45, +4.8%) leading the way, but its results have only provided a limited tailwind to other chip names, considering the PHLX Semiconductor Index (+1.1%) outperforms the sector by just a slim margin.

The optimism surrounding NVIDIA's results is being somewhat countered by news that the Trump administration is telling chip software design companies to stop selling services to China.