SPDR S&P 500 ETF (SPY): ETF Research Reports The same culprits are at fault: uncertainty due to the war in Ukraine, oil and other commodity prices on a global scale, and whether inflation can be tamed in the near-term here at home. The Nasdaq performed worst of all major indexes yet again today, -125 points or -0.95% — now -19% from its all-time highs in November — and the small-cap Russell 2000, with its domestic-led companies, outperformed the field, -0.23%.