Midday Trend

U.S. stocks have run out of steam at midday, reversing early morning gains to trade slightly in the red. While the Dow Jones Industrial Average manages to hang onto a modest +0.3% gain, broader market averages have slipped. The S&P 500 is down –0.25%, and the tech-heavy Nasdaq Composite has dropped –0.45% as profit-taking in Big Tech and post-IPO struggles drag down indices.

📉 Midday Trend Breakdown

• SpaceX Rout Accelerates: Leading the midday slide, SpaceX (SPCX) shares tumbled over 10%, pacing for its worst single session since its June 12 debut. The stock has now plummeted 25% from its peak last Tuesday. 
• Big Tech Fatigued: Despite early momentum from semiconductor upgrades, mega-cap tech components have broad-based fatigue. High Treasury yields (10-year holding near 4.50%) continue to cap high-valuation equity multiples. 
• Energy Commodities Stay Weak: Crude oil remains heavily depressed following the weekend's U.S.-Iran diplomatic progress. WTI crude trades near $75 per barrel, keeping energy sector equities at the bottom of today's performance pile. 
• Profile Watch — ASST: Your tracked ticker Strive, Inc. (ASST) has also pulled back from its intraday morning high of $16.40. It is currently maintaining a smaller +1.2% gain at $15.03, mirroring the broader market's deceleration. 

You can track shifting asset metrics via the Trade Alerts or check intraday corporate news updates on The Live Stream. 

If you want, I can:

• Show you the specific support levels the S&P 500 needs to hold by the closing bell
• Provide an updated options volume breakdown for SpaceX (SPCX) during this selloff