semiconductors are a pocket of relative weakness.
The Philadelphia Semiconductor Index is down 0.3%. Micron (MU 63.84, -3.23, -4.8%), which had been up more than 3.0% in pre-market trading, has run into a wall of selling interest. It is down 4.4%, sliding below its 50-day moving average (65.03) and standing out as the worst-performing S&P 500 component, after its better-than-expected fiscal Q3 report and indication that it is confident an industry bottom has already formed.