S&P 500 higher at the open (+0.39%) as small caps lag
S&P 500 +0.39%, Nasdaq +0.72%, Russell 2000 +0.14% at the open — the desk's open read on the tape.

The tape at the open: the S&P 500 is trading higher (+0.39%), the Nasdaq +0.72%, and the Dow -0.19%.
Small caps are outperforming: the Russell 2000 +0.14%. Volatility is steady on the session (+1.37%).
Among the mega caps, META is the biggest mover at $742.88 (+2.03%), with MSFT +1.67% and TSLA +1.42%.
Elsewhere on the desk: bitcoin $85,545 (-1.14%), gold via GLD $379.82 (-0.08%), oil via USO $145.85 (-1.03%), long Treasuries via TLT $77.03 (-0.59%).
On the movers board, ROC leads the gainers at $4.14 (+80.7%) while RZAI paces the losers (−38.9%). Names moving that fast trade thin — treat the quotes with care.
Numbers as of 10:54 ET. Follow the full tape live in the Terminal.