Market Update – Semis Weak

2:39 p.m. ET Semiconductor-related names ae weighing on the NASDAQ and Tech sector after disappointing guidance from Intel (INTC -12.25%) and KLA Corporation (KLAC -5.8%). The PHLX Semiconductor Index (SOX) is down -2.9% now. Meanwhile, the mega-caps aren’t doing much for a second day (MGK-0.3%), but neither is the broader market as the equal weight…