CNBC Daily Open: Excitement over earnings give markets a ‘relief rally’

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The Russell 2000 has lagged behind major indexes this year because gains were concentrated in the "Magnificent Seven" mega-cap stocks. But "if the economy is going to re-accelerate, which it is doing, and if profits growth is going to re-accelerate, which it is doing, then small caps should lead the way," added Bernstein. "That's what history says."Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are.

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