Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.3%), Nasdaq Composite (+0.1%), and DJIA (+0.5%) are back into modestly positive territory across the board as the information technology sector (-0.3%) has bounced off its worst levels this morning.

While semiconductors remain under pressure, software stocks are off to a solid start, with Palo Alto Networks (PANW 156.86, +9.84, +6.69%) and CrowdStrike (CRWD 386.35, +16.77, +4.54%) among the best-performing S&P 500 components this morning. The iShares GS Software ETF is up 1.4%.

Elsewhere, the financials sector (+1.0%) is one of the best-performing sectors this morning after a 2.5% retreat on Friday. The sector is supported by broad strength across nearly all of its components, though the gains are largely still modest in comparison to previous weakness.