Stock Market Update

[BRIEFING.COM] The major averages are trading in a relatively stable range below their flatlines. 

Tech stocks are under pressure again today, with the information technology sector down 1.2%. The PHLX Semiconductor Index (-1.2%) holds an identical loss after a sharp retreat yesterday. 

Today, however, it is software stocks that are bearing the brunt of the weakness. The iShares GS Software ETF (IGV 77.46, -2.29, -2.87%) is down sharply as names such as Datadog (DDOG 114.02, -10.28, -8.27%) and Palo Alto Networks (PANW 147.36, -9.00, -5.76%) are among the worst-performing S&P 500 components today.