Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.3%), Nasdaq Composite (-0.4%), and DJIA (-0.3%) are drifting modestly lower as tech and mega-cap weakness weighs against mixed strength in the broader market.

The information technology sector (-0.8%) continues to lag this morning, with acute weakness across software names such as Palantir Technologies (PLTR 130.03, -10.73, -7.62%) and ServiceNow (NOW 92.49, -4.98, -5.11%) pushing the iShares GS Software ETF 3.7% lower.

Meanwhile, there is some lingering strength across Intel (INTC 60.50, +1.56, +2.64%) and some other chipmakers that traded sharply higher yesterday, with the PHLX Semiconductor Index up 0.6%.