Stock Market Update

[BRIEFING.COM] The S&P 500 (flat) remains sandwiched between the DJIA (+0.6%), which benefits from broad market strength, and the Nasdaq Composite (-0.6%), which lags amid considerable weakness in tech. 

The health care sector (-0.2%) now joins the information technology sector (-1.7%) in negative territory. After several days of strength, poor performances across pharmaceutical and biotech names push the iShares Nasdaq Biotech ETF (IBB 173.69, -3.05, -1.73%) lower, though it still holds a solid 2.8% gain for the week. 

Meanwhile, homebuilder names are surging, sending the iShares Dow Jones US Home (ITB 100.20, +3.60, +3.73%) ETF sharply higher.  Lennar (LEN 108.70, +4.77, +4.59%) and D.R. Horton (DHI 144.61, +5.30, +3.80%) are among the outperformers, contributing to strength in the consumer discretionary sector (+1.5%).