S&P 500 higher at midday (+0.69%) as small caps lag
S&P 500 +0.69%, Nasdaq +1.23%, Russell 2000 +0.40% at midday — the desk's midday read on the tape.

The tape at midday: the S&P 500 is trading higher (+0.69%), the Nasdaq +1.23%, and the Dow +0.54%.
Small caps are outperforming: the Russell 2000 +0.40%. Volatility is offered on the session (-3.93%).
Among the mega caps, TSLA is the biggest mover at $386.58 (+3.44%), with NVDA +2.43% and META +1.98%.
Elsewhere on the desk: bitcoin $84,638 (+1.94%), gold via GLD $378.95 (+0.34%), oil via USO $158.72 (-1.18%), long Treasuries via TLT $80.28 (+0.18%).
On the movers board, SVRN leads the gainers at $37.04 (+44.7%) while ARCI paces the losers (−96.8%). 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.