Markets (^DJI, ^GSPC, ^IXIC) declined Friday, weighed down by declines in chip stocks and investor rotation from big tech to small-cap stocks, such as the Russell 2000 Index (^RUT). With the Federal Reserve eyeing its first interest rate cut in September, small-cap stocks could continue to rally as market participation broadens. Meanwhile, copper prices (HG=F) collapsed, reacting negatively to the latest and most supportive economic news.
Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend to analyze today’s top market trends.
For more expert insights and the latest market action, click here to watch this full episode of Asking for a Trend.
This article was written by Mélanie Riehl
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