S&P 500 Drops 1.2% at Midday as Nasdaq Leads the Selloff
As seen on the 24/7 Wall St. homepage on October 22, 2026.
- S&P 500-1.22%
- Dow Jones Industrial Average-0.26%
- Nasdaq Composite-2.15%
The Nasdaq is down 2.15% at midday while the Dow holds within a quarter percent of flat, a gap that says money is leaving high-multiple tech rather than stocks broadly. If you own growth names, the afternoon session matters.
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Growth-heavy portfolios are taking the damage today: the Nasdaq Composite is down 2.15% while the Dow Jones Industrial Average is barely negative, a spread that points at pressure on high-valuation technology rather than a broad retreat from equities.
The selling built through mid-morning before a partial recovery into the afternoon.
For investors holding growth-heavy positions, the afternoon session carries real weight as institutional traders reposition into the close.
The Dow's near-flat reading signals the stress is sitting in tech, not across the whole market.