S&P 500 Opens Down 0.59% as Nasdaq Falls 1.19%, Dow Gains 0.34%

The split between the Dow and the Nasdaq points to rotation rather than broad risk-off selling, with the tech-heavy index carrying the losses while the Dow holds up. That divergence matters because it suggests the pressure is concentrated in one part of the market, not a uniform de-risking move. Whether the Nasdaq's underperformance continues to widen against the Dow is the open question worth tracking.