Stock Market Update

[BRIEFING.COM] The major averages continue to hold the bulk of their early gains, with the information technology sector (+1.4%) driving the advance at the index level. 

While Intel's (INTC 32.04, +7.14, +28.69%) rally has garnered the bulk of today's media coverage, the sector boasts several other notable advances. 

CrowdStrike (CRWD 492.25, +46.75, +10.49%) has rallied past its 50-day moving average (443.46), with BMO Capital Markets raising its target for the stock to $500 from $450. 

Synopsys (SNPS 468.00, +42.60, +10.01%) also posts a gain over 10%, extending last week's bounce off its April lows. 

Elsewhere, Micron (MU 169.32, +9.33, +5.83%) moves to a new all-time high as the PHLX Semiconductor Index (+4.0%) widens its impressive gain today.