S&P 500 Slides to 7,666 at Midday as Selling Hits All Three Major Indexes
As seen on the 24/7 Wall St. homepage on September 24, 2026.
- S&P 500-0.52%
- Dow Jones Industrial Average-0.68%
- Nasdaq Composite-0.51%
Selling is broad across the market: all three major indexes are down more than 0.5% at midday, with the Dow's 0.68% slide the deepest. Cyclical and rate-sensitive holdings are carrying the weight with yields near 20-year highs.
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The S&P 500 is off about 0.5% from its previous close of 7,706, with selling holding steady through the morning session and no meaningful recovery attempt from buyers.
The Dow Jones Industrial Average is faring worse, down roughly 0.7% at midday, while the Nasdaq Composite is tracking close to the S&P 500. All three major indexes losing ground in tandem points to broad-based pressure across sectors and market cap tiers.
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Cyclical and rate-sensitive holdings are bearing the heaviest load, with yields near 20-year highs continuing to weigh on valuations. When borrowing costs sit at multi-decade extremes, the present value of future earnings comes under pressure, and that math hits growth-oriented and interest-rate-exposed names hardest.
The session still has several hours to run, and the closing picture may look different from where things stand now. Traders will be watching whether the afternoon brings fresh selling or a recovery, and whether the Dow's steeper slide begins to narrow heading into the close.