S&P 500 lower at midday (-1.26%) as small caps lag
S&P 500 -1.26%, Nasdaq -1.89%, Russell 2000 -2.13% at midday — the desk's midday read on the tape.
The tape at midday: the S&P 500 is trading lower (-1.26%), the Nasdaq -1.89%, and the Dow -0.45%.
Small caps are lagging: the Russell 2000 -2.13%. Volatility is bid on the session (+11.13%).
Among the mega caps, META is the biggest mover at $736.72 (-3.38%), with NVDA -3.16% and TSLA -2.62%.
Elsewhere on the desk: bitcoin $81,708 (-1.76%), gold via GLD $374.51 (-1.88%), oil via USO $154.62 (+1.00%), long Treasuries via TLT $78.66 (+0.37%).
On the movers board, BSP leads the gainers at $55.65 (+46.7%) while BKHA paces the losers (−48.9%). Names moving that fast trade thin — treat the quotes with care.
Numbers as of 13:48 ET. Follow the full tape live in the Terminal.