12:00 pm : The major averages are registering little change after climbing off their early lows. The cautious open followed disappointing industrial production data out of France as well as hotter-than-expected February inflation data in China.
Despite the early weakness, U.S. equities have held up relatively well.
Energy, technology, and telecom are registering the widest losses. The energy sector is lagging as crude oil trades lower by 0.8% at $91.22 per barrel.
Meanwhile, technology stocks are under pressure as semiconductor producers weigh. The PHLX Semiconductor Index is down 0.3%. Also of note, the largest tech component, Apple (AAPL 426.08, -5.64), trades lower by 1.3%.
On the upside, financials are trading higher with outperformance from major names. Wells Fargo (WFC 36.88, +0.38) is adding 1.1% and the broader SPDR Financial Select Sector ETF (XLF 18.32, +0.08) trades higher by 0.5%.
Notably, the CBOE Volatility Index (VIX 11.94, -0.55) has slipped below 12.00 as the near-term volatility measure now hovers at a fresh six-year low.DJ30 +17.36 NASDAQ -2.41 SP500 +0.71 NASDAQ Adv/Vol/Dec 1153/670.1 mln/1203 NYSE Adv/Vol/Dec 1396/200.1 mln/1513
11:30 am : The S&P 500 has continued climbing off its early lows, and the benchmark index now trades just below Friday's closing level. The recent strength comes after cautious trade took place during the opening minutes with disappointing economic data from Asia and France weighing on sentiment.
As the broader market registers little change, the technology sector remains as the biggest laggard.
Technology stocks are underperforming amid broad weakness. The largest
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