S&P 500 little changed at midday (-0.08%) as small caps lag
S&P 500 -0.08%, Nasdaq -0.41%, Russell 2000 -0.32% at midday — the desk's midday read on the tape.

The tape at midday: the S&P 500 is trading flat (-0.08%), the Nasdaq -0.41%, and the Dow +0.40%.
Small caps are lagging: the Russell 2000 -0.32%. Volatility is steady on the session (+2.29%).
Among the mega caps, META is the biggest mover at $750.87 (+4.48%), with NVDA -1.25% and MSFT +1.07%.
Elsewhere on the desk: bitcoin $82,536 (-1.48%), gold via GLD $382.22 (-0.61%), oil via USO $151.88 (+2.48%), long Treasuries via TLT $77.96 (-0.03%).
On the movers board, WFF leads the gainers at $20.88 (+72.1%) while ROC paces the losers (−47.8%). Names moving that fast trade thin — treat the quotes with care.
Numbers as of 13:50 ET. Follow the full tape live in the Terminal.