Stock Market Update

[BRIEFING.COM] The major averages are little changed from previous levels as the market enters the final hour of trading. 

Stocks got off to a decent start out of the gate, but softened economic data quickly reversed early gains in most sectors, keeping the major averages in negative territory for the majority of the session. 

The market anticipates another sizable round of earnings reports after today's close, including some notable names in the semiconductor space. Advanced Micro Devices (AMD 175.70, -1.08, -0.61%) and Cirrus Logic (CRUS 104.08, -1.50, -1.42%) will look to give chipmakers a boost, as the PHLX Semiconductor Index is down 1.2% today. 

Separately, Dow component Amgen (AMGN 298.71, -3.23, -1.1%) is also set to report earnings this afternoon.