Dow turns positive as S&P 500 pares loss to 0.1%

The intraday reversal matters less for the headline move than for what it says about dip-buying pressure: a 0.8% S&P decline being cut to 0.1% suggests selling was absorbed rather than extended. That is a sentiment signal, not a fundamentals one, and it is confined to index-level action here. Whether the recovery holds into the close, or fades again, is the open question — the Dow's turn positive gives the session a different tone than its earlier lows implied.