Hedge funds have slowed their exit from value stocks and small-cap stocks over the past month, as enthusiasm for artificial intelligence has driven up valuations for growth stocks, JPMorgan Chase said in a report released on Wednesday.
The move comes as the Nasdaq has rallied this year and is up roughly 28%, while the Russell 2000 has modestly risen by 6.3%. Since the beginning of June, however, the Russell has outperformed the Nasdaq.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Daily Chase: Canadian Tire, Cineplex deliver earnings; U.S. inflation acceleratesHere are five things you need to know for Aug. 10, 2023.
Read more »