S&P 500 Slides 0.6% at Midday as Nasdaq Leads Broad Decline
As seen on the 24/7 Wall St. homepage on September 23, 2026.
- S&P 500-0.56%
- Dow Jones Industrial Average-0.53%
- Nasdaq Composite-0.97%
The Nasdaq is shedding nearly 1% at midday, almost double the Dow's decline, so the selling is concentrated in the tech names that carried this market all year. Half a session left to decide whether dip buyers show up.
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At midday, the S&P 500 is trading at 7,721.52, with losses deepening gradually through the morning session.
The Nasdaq Composite is bearing the heaviest load, off nearly 1% at midday, roughly double the Dow Jones Industrial Average's decline of about 0.5%. The selling is concentrated in growth and technology names.
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The Dow's relative resilience suggests more defensive, dividend-oriented corners of the market are holding up better. When the gap between the Nasdaq and the Dow widens like this during a down session, it typically reflects pressure on the higher-valuation, higher-multiple stocks that have driven index-level gains.
With roughly half the session remaining, the key question is whether buyers step in at current levels or whether the indexes drift closer to their intraday lows. The S&P 500's intraday low so far has touched a decline of about 0.6%, and the trend line through the morning shows no decisive stabilization yet.