The 2 year impacting:
The main indices struggling to regain upward momentum, having fallen back to new session lows.
Market breadth skews less positive compared to earlier in the session. Shortly after the open, advancers led decliners by a nearly 5-to-1 margin at the NYSE and a nearly 3-to-1 margin at the Nasdaq. Now, advancers lead decliner by a roughly 3-to-1 margin at the NYSE and a 2-to-1 margin at the Nasdaq.
Many mega cap stocks have fallen from early highs as the market deteriorated. Tesla (TSLA 205.25, +8.38, +4.3%) and NVIDIA (NVDA 236.35, +3.47, +1.5%) are notable exceptions after Cathie Wood made positive comments about the companies on CNBC earlier.