Morning Market
Dow 51383.56 -178.37 (-0.35%)
Nasdaq 26364.62 -487.33 (-1.81%)
SP 500 7500.55 -83.76 (-1.10%)
10-yr Note
NYSE Adv 878 Dec 1623 Vol
Nasdaq Adv 1091 Dec 2504 Vol
Semiconductor weakness weighs on major averages
The top-weighted information technology sector (-2.9%) opened to considerable weakness, once again facing pressure in its semiconductor components
PHLX Semiconductor Index slides 5.8%.
Coherent (COHR 391.11, -30.79, -7.30%)
onsemi (ON 122.00, -9.82, -7.45%)
NVIDIA (b212.03, -6.63, -3.03%) also lags early.
Energy sector (-0.9%) pulls back as crude oil retreats to the $91.50 per barrel mark.