Semiconductors continue to push gains in the S&P 500 after Taiwan Semiconductor Manufacturing (TSM) announced it expects revenue growth this year to be at least 20%, more than double the rate of the chip market.

A sizable gain from Apple (AAPL) after being upgraded to a Buy at Bank of Americas has offered some support to the broader market and Technology sector.

In general, there is a lack of conviction on the part of buyers and sellers. Market breadth was positive at the open but now there are more decliners in both NYSE and NASDAQ.