Several stocks in the S & P 500 often rise whenever Nvidia shares fall, according to a
Pro screened for stocks in the S & P 500 that were inversely correlated to Nvidia's over July, a month in which the chip maker's stock declined by 11.6%. In contrast, the stocks identified by line A combination of disappointing tech earnings and impending interest rate cuts has weakened some of the bullish sentiment toward technology and semiconductor stocks . Instead, investors have recently been rotating into smaller-cap names, sending the Russell 2000 index 10.9% higher in July. By comparison, the S & P 500 notched a 1.1% gain, while the tech-heavy Nasdaq Composite eased 0.8%.
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