The S&P 500 has fallen below yesterday’s closing level, but look underneath the hood and things don’t look too bad.
The index, widely regarded as the best single gauge of large U.S. stocks, is down 0.2%.
The pressure is mostly coming from the tech sector, which makes up a big chunk of the index and is down 1.5%. Communication services, which holds stocks like Alphabet and Meta, is the next big decliner, down 0.8%.