S&P 500 lower at midday (-0.50%) as small caps lead
S&P 500 -0.50%, Nasdaq -0.48%, Russell 2000 +0.00% at midday — the desk's midday read on the tape.
The tape at midday: the S&P 500 is trading lower at 7,709 (-0.50%), the Nasdaq at 26,457 (-0.48%), and the Dow at 53,375 (-0.58%).
Small caps are outperforming: the Russell 2000 sits at 2,968 (+0.00%). The VIX at 14.23 reads calm.
Among the mega caps, TSLA is the biggest mover at $352.00 (-6.48%), with AAPL -2.16% and MSFT -1.87%.
Elsewhere on the desk: bitcoin $79,496 (-2.19%), gold via GLD $405.32 (-1.19%), oil via USO $141.50 (-0.42%), long Treasuries via TLT $82.33 (+0.31%).
On the movers board, IMRN leads the gainers at $1.68 (+51.4%) while BANL paces the losers (−42.3%). Names moving that fast trade thin — treat the quotes with care.
Numbers as of 13:49 ET. Follow the full tape live in the Terminal.