Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.4%), Nasdaq Composite (-0.5%), and DJIA (-0.5%) are off their session highs that saw them reclaim their flatlines, but remain significantly improved from their opening lows.

The information technology sector (-0.2%) is back in modestly negative territory, as relative weakness across chipmakers sends the PHLX Semiconductor Index 0.6% lower. Micron (MU 361.70, -6.16, -1.67%) is the sector's worst performer after notching a double-digit gain yesterday. Elsewhere in the sector, Ciena (CIEN 442.61, +27.22, +6.55%) and Lumentum (LITE 807.50, +42.85, +5.60%) are the best-performing S&P 500 components.