Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.8%), Nasdaq Composite (-1.3%), and DJIA (+0.3%) are heading toward session lows just after midday. 

While the iShares GS Software ETF (-2.5%) is a laggard again today, it is off of its worst levels of the session.  Microsoft (MSFT 414.24, +3.03, +0.74%) has finally found some modest buying interest after a sharp post-earnings slide that leaves it down 14.4% for the year. 

Elsewhere in the information technology sector (-2.6%), Apple (AAPL 275.12, +5.64, +2.09%) holds a solid gain, expanding on recent strength after its earnings release last week.