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Dow record, tech drags S&P 500, small caps: Market Takeaways

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Nasdaq Composite News

Empirical Research Partners,S&P 500,Big Tech

The Dow Jones Industrial Average (^DJI) closed at a record high on Monday, while the tech-heavy Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) indexes closed...

) indexes closed in negative territory. Despite Big Tech's recovery from wide sell-offs at the beginning of August, there still seems to be some anxieties ahead of Nvidia's are of note as current earnings estimates are lagging behind the S&P 500, according to data from an Empirical Research Partners analysis, leaving them under valued as more earnings could drive them up.

Yeah, I'm gonna pull up the NVIDIA chart because this was something we were talking about on our morning show catalyst today. That's not, I mean, that's not great news for those pint sized players either exactly the key with small caps is always the health of the economy to some extent, right?So I think as we get more clarity, maybe look to next week's jobs report on Friday.

 

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