|Day's range||1,510.41 - 1,530.00|
|52-week range||1,436.43 - 1,742.09|
The relative performance of small-caps versus large-caps has been trendless since 2005, the longest such period in at least 90 years
The Russell 2000 Index of smaller firms fell 0.8 percent Wednesday, capping a five-day decline that erased its year-to-date gain for a second time in as many months. Fundamentals are going against small firms, Citigroup said. Dips in earnings estimates have been more evident than large-caps and with higher leverage, smaller firms are more vulnerable to rising interest rates.
FT subscribers can click here to receive Market Forces every day by email. A slowing global economy outside the US has challenged investors and duly shaken commodity, bond and equity markets. Stalling momentum for the global economy was certainly on display on Wednesday as both Japan and Germany experienced larger than forecast contractions in economic activity during the third quarter of this year.
US stocks retreated for the third consecutive day as Apple and tech shares came under pressure and the US dollar strengthened to a 17-month high. The S&P 500 finished 2 per cent lower at 2,726.22 in a ...
Wall Street retreated on Thursday as a drop in oil prices weighed on energy shares and saw the S&P 500 snap a three-day winning streak, while the dollar marched higher. The S&P 500 ended the day 0.3 per ...
Jim Callinan, the manager of the Osterweis Emerging Opportunity fund, is sanguine about the recent downturn and eager to get past the election and ride the “intelligence” economy.
There is also a report circulating that says President Trump is interested in reaching an agreement on trade with Chinese President Xi Jinping at the Group of 20 summit in Argentina later this month and has asked key U.S. officials to begin drafting potential terms.
The industrial giant’s residential technology unit Resideo Technologies dropped after its public stock offering. The upside could now be as much as 45%.
Investors flocked to small-cap stocks earlier in the year, believing they’d be insulated from trade disputes. They were wrong, and the group’s underperformance is likely to continue.
While small-cap stocks have tumbled with the rest of the stock market, high-yield debt is holding up well. Here’s why that could be good news.
Small-cap stocks have fallen 13.4% in October, versus an 8.9% loss for the S&P 500. Blame rising costs and investors more worried about risk.
The major indexes in Asia opened sharply lower in reaction to the steep sell-off in the United States. In Australia, the S&P/ASX 200 fell by 1.87 percent shortly after the opening. Losses were spread through all sectors including the energy subindex which fell 2.14 percent. The financial sector was off by 1.84 percent.
Long considered the primary beneficiaries of President Donald Trump’s pledge to favor U.S. businesses, small caps have fallen hardest since summer. The Russell 2000 has dropped more than 13 percent from its peak in late August -- beyond the 10 percent threshold that defines a correction -- erasing all its gains for the year. The Russell 2000 Index declined 1.5 percent as of 11:31 a.m. in New York, its 13th loss in 17 days.