The U.S. stock market’s summer rally has faded away in the past few months as rising Treasury yields pushed down large-cap stocks — but their smaller counterparts have suffered far worse.
Both the Russell 2000 and S&P Small Cap 600 index SML Monday hit their lowest levels since September 30, 2022. In contrast, the large-cap benchmark S&P 500 finished 15.6% above its 52-week low of 3,647.42 on Monday, according to FactSet data. Meanwhile, large-caps have a much higher weighting in technology stocks, which have driven almost all of the gains in the U.S. stock market this year. However, the large-cap index has a “notably lower weighting” in financials, which has underperformed the overall market in 2023 as higher interest rates have introduced significant stress into the U.S. banking system, Colas said.
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Fonte: NBCLA - 🏆 319. / 59 Consulte Mais informação »
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »
Fonte: NBCLA - 🏆 319. / 59 Consulte Mais informação »
Fonte: NBCDFW - 🏆 288. / 63 Consulte Mais informação »