Wall Street falls with U.S. Treasury yields above 3%:
U.S. stocks fell on Wednesday as Treasury yields rose above the psychologically important 3% level and oil ...
reuters.com/markets/europe/futures-slip-tech-driven-rally-loses-steam-2022-06-08/
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Key FactsStock Market Fluctuates: Megacap Trend Uncertain
Jul 25, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- The S&P 500 and Nasdaq Composite ended weaker, while the Dow Jones Industrial Average rose on better-than-expected US GDP data.
- Small-cap stocks rose as investors sought value away from megacaps, while megacap stocks showed uncertain performance.
- The Cboe Volatility Index hit a 14-week high as investors analyzed US economic strength and the possibility of a Federal Reserve rate cut.
- Following a sell-off of megacap stocks yesterday, investors are rotating into smaller stocks and other sectors outside of technology megacaps.
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