Thursday was a historically strange day in the stock market. That may be good news

The Russell 2000 rose more than 3%, while struggles for Big Tech stocks weighed on the S&P 500 and Nasdaq Composite.

The split trading came after the June report for the consumer price index early Thursday showed that headline inflation actually declined last month and is now up about 3% over the past year. The Nasdaq Composite underperformed the Russell 2000 by more than 5 percentage points in what appears to be biggest daily gap on record. The only other time the gap came in above 5 percentage points was in November 2020, right after Pfizer shared positive results from a Covid-19 vaccine trial.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the stock market ThursdayThe S&P 500 and Nasdaq Composite are trying for three-day win streaks before we get a key inflation reading Friday morning.
Source: CNBC - 🏆 12. / 72 Read more »

5 things to know before the stock market opens ThursdayHere are five key things investors need to know to start the trading day.
Source: NBCDFW - 🏆 288. / 63 Read more »

5 things to know before the stock market opens ThursdayHere are five key things investors need to know to start the trading day.
Source: nbcsandiego - 🏆 524. / 51 Read more »

5 things to know before the stock market opens ThursdayHere are five key things investors need to know to start the trading day.
Source: NBCNewYork - 🏆 270. / 63 Read more »