S&P 500 lower at midday (-1.28%) as small caps lead
S&P 500 -1.28%, Nasdaq -2.44%, Russell 2000 -0.17% at midday — the desk's midday read on the tape.
The tape at midday: the S&P 500 is trading lower (-1.28%), the Nasdaq -2.44%, and the Dow -0.13%.
Small caps are lagging: the Russell 2000 -0.17%. Volatility is bid on the session (+13.91%).
Among the mega caps, META is the biggest mover at $647.35 (-7.19%), with AMZN -4.40% and NVDA -4.17%.
Elsewhere on the desk: bitcoin $81,336 (-3.28%), gold via GLD $370.81 (-2.15%), oil via USO $162.93 (+1.96%), long Treasuries via TLT $81.66 (+1.77%).
On the movers board, SZZL leads the gainers at $10.51 (+58.3%) while NANO paces the losers (−95.7%). Names moving that fast trade thin — treat the quotes with care.
Numbers as of 13:47 ET. Follow the full tape live in the Terminal.