S&P 500 lower at the open (-0.76%) as small caps lag
S&P 500 -0.76%, Nasdaq -0.95%, Russell 2000 -1.25% at the open — the desk's open read on the tape.

The tape at the open: the S&P 500 is trading lower (-0.76%), the Nasdaq -0.95%, and the Dow -0.11%.
Small caps are lagging: the Russell 2000 -1.25%. Volatility is bid on the session (+3.60%).
Among the mega caps, META is the biggest mover at $745.90 (-2.18%), with NVDA -1.88% and TSLA -1.64%.
Elsewhere on the desk: bitcoin $81,911 (-1.51%), gold via GLD $375.86 (-1.52%), oil via USO $153.08 (-0.01%), long Treasuries via TLT $78.34 (-0.04%).
On the movers board, BSP leads the gainers at $52.59 (+38.7%) while JBDI paces the losers (−38.7%). Names moving that fast trade thin — treat the quotes with care.
Numbers as of 10:50 ET. Follow the full tape live in the Terminal.