S&P 500 Slides to 7,675 at Midday as Rate Hike Talk Hits Growth Stocks
As seen on the 24/7 Wall St. homepage on August 20, 2026.
- S&P 500-0.42%
- Dow Jones Industrial Average-0.63%
- Nasdaq Composite-0.76%
The Nasdaq is carrying the heaviest load at midday, down 0.76%, as traders price in Fed officials who are openly discussing another rate increase. Growth names get repriced first when the cuts everyone penciled in start disappearing.
Continue ReadingShow less
Fed officials are openly discussing another rate increase, and that language is landing hardest on growth-oriented stocks. When rate-cut expectations get walked back, the market reprices those names first.
The Nasdaq Composite is bearing the brunt of the selling, off 0.76%. The pressure is concentrated where it usually concentrates when borrowing costs look like they are going up rather than down.
Disclosure
1 INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA( www.finra.org )/SIPC( www.sipc.org ). 2 The probability of a member receiving $3,000 is 0.028%. If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Members must fund their account with a minimum of $50.00 to qualify. The probability percentage is subject to decrease. Members are only eligible for the Stock Award promotion upon opening their first brokerage account; subsequent cash brokerage accounts are ineligible for the promo, including for members with multiple accounts. 3Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. 4There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.
SoFi Active Invest is offering a limited-time promotion. Open an account, fund it with $50 or more, and you could receive up to $3,000 in complimentary stock for Active Invest accounts. See for yourself by clicking here now. (Sponsor)
The S&P 500 is trading at 7,675.81, with selling deepening in waves rather than arriving all at once. That pattern suggests traders are recalibrating positions as headlines develop rather than rushing for the exits.
If Fed officials keep signaling rate-hike possibilities into the afternoon, the session's losses deepen further, particularly for growth names not yet repriced to reflect a higher-for-longer rate environment.