MARKET UPDATE

[BRIEFING.COM] Recent action saw the S&P 500 (+0.1%) slip to a session low, while the Nasdaq Composite (-0.1%) is now in the red.

The tech-heavy Nasdaq has trailed the S&P 500 since the start and has been pressured into negative territory by the continued underperformance of chipmaker stocks. The PHLX Semiconductor Index has widened its loss to 0.8% amid weakness in 29 of its 30 components.

Furthermore, the index has also been pressured by the biotech group, which has ... More

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