Category: Megacaps
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Wall Street rises as small caps advance, megacaps recover ground By Reuters
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By Lisa Pauline Matakal and David French (Reuters) – Wall Street’s main indexes rose on Thursday, a day after a sell-off led by technology stocks, as small-cap stocks and stronger-than-expected gross domestic product data provided support. Small-cap stocks rose 2.3%, on track to fully recoup Wednesday’s big losses. The Dow…
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Stock Rotation Hits Megacaps on Bets Fed Will Cut: Markets Wrap
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(Bloomberg) — Wall Street traders betting the Federal Reserve will be able to cut rates soon sent bond yields tumbling — while driving a big rotation out of the tech megacaps that have powered the bull market in stocks. Most Read from Bloomberg Further signs that inflation is slowing down…