Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.2%), Nasdaq Composite (-0.5%), and DJIA (+0.2%) continue to sit mixed as tech losses weigh against relative strength in the broader market.

The information technology sector (-1.1%) sits at session lows, with mounting pressure across chipmaker names sending the PHLX Semiconductor Index 2.1% lower. Lumentum (LITE 871.49, -99.21, -10.22%) is one of the worst-performing S&P 500 components, as electrical equipment and optical networking names tied to the AI buildout cycle are facing heightened selling pressure alongside chipmakers.

Related names such as Vertiv (VRT 340.97, -29.97, -8.08%), GE Vernova (GEV 1000.42, -48.81, -4.65%) , and Eaton (ETN 384.33, -15.11, -3.78%) have surged in recent sessions as chipmakers have led the market to recent record highs, but today's pressure makes them among the worst-performers in the industrials sector (-0.6%).