Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.5%), Nasdaq Composite (-0.7%), and DJIA (-0.7%) trade in a relatively stable range with similar losses.

Qualcomm (QCOM 219.67, -17.86, -7.52%), Sandisk (SNDK 1451.34, -96.22, -6.22%), and Corning (GLW 196.87, -10.52, -5.07%)are the worst-performing S&P 500 names this morning, reflecting some exhaustion across semiconductors and AI-related names after an impressive rally. The PHLX Semiconductor Index is down 2.5%, with the early weakness wiping out yesterday's gain and leaving the index flat on a week-to-date basis.

Meanwhile, Zebra Tech (ZBRA 257.00, +40.04, +18.46%) is the top S&P 500 mover after topping earnings estimates and issuing upside guidance.