10 Mins Ago
Russell 2000 had a history-making performance on Tuesday, Bespoke Investment Group says
Tuesday’s gains in small caps gave the Russell 2000 index the most overbought daily reading for any major U.S. index, according to Bespoke Investment Group.
“History was made today. The Russell 2000 closed 4.4 standard deviations above its 50-day moving average. No other major US index (Dow since 1900, S&P 500 since 1928, and Nasdaq since 1971) has ever closed at that much of an extreme,” the firm said in a post on X.
The Russell added 3.5% during Tuesday’s trading session, notching its fifth straight day of gains as investors piled into small caps in the hopes that interest rate cuts will improve the borrowing environment for those stocks.
— Pia Singh
39 Mins Ago
Stock futures open little changed
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Source Link: https://www.cnbc.com/amp/2024/07/16/stock-market-today-live-updates.html
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10 Mins Ago Russell 2000 had a history-making action on Tuesday, Bespoke Investment Group says Tuesday’s gains in diminutive caps gave the Russell 2000 index the most overbought regular datum for some field U.S. index, according to Bespoke Investment Group. “History was prefabricated today. The writer 2000 winking 4.4 accepted deviations above its 50-day agitated …
