Stock Market Update

[BRIEFING.COM] The Nasdaq Composite (-0.9%) now trails the S&P 500 (-0.4%) and DJIA (-0.2%) as losses widen across mega-cap and tech names against mixed strength in the broader market. 

"Magnificent Seven" stocks are mostly lower, though Tesla (TSLA 384.60, +3.76, +0.99%) continues to outperform and Apple (AAPL 252.44, +0.95, +0.38%) holds a modest gain. 

Alphabet (GOOG 293.05, -5.97, -2.00%) is a laggard, putting pressure on the communication services sector (-1.4%), while Microsoft (MSFT 372.79, -10.21, -2.67%) trades even lower amid a tough day for software stocks. The iShares GS Software ETF is down 3.9%, and the broader information technology sector is down 1.1%.