Stock Market Update

[BRIEFING.COM] The major averages are back at session highs, which is due in part to the information technology sector (-0.3%) improving from earlier losses.

The PHLX Semiconductor Index (-2.5%) is little changed from its previous levels, with weakness across memory storage names such as Micron (MU 333.05, -24.02, -6.73%) and Western Digital (WDC 256.38, -18.96, -6.89%). Those stocks in particular have had a tumultuous month that has eroded their strong start to the year. Micron is down 18.7% in March but remains up 17.5% for the year, while Western Digital is down 8.0% for the month but remains 49.2% higher in 2026.

Even with the weakness in tech, the Vanguard Mega Cap Growth ETF is up 0.3%. In the communication services sector, Meta Platforms (META 537.94, +12.22, +2.32%) is a "magnificent seven" standout, taking back a chunk of last week's losses that were largely attributed to a jury finding the company liable in a social media addiction trial.