The closing bell rings, and the tech sector/small cap stocks lead the way higher in tandem with each other today. Last week, the Russell outperformed vs the NASDAQ on a rotation out to high cap tech into the small cap stock sector. .
Both the NASDAQ and the small-cap Russell 2000 rose by around 1.6% today. The Dow lagged today after leading the way higher last week.
The final numbers are showing:
Dow industrial average rose 127.91 points or 0.32% at 40415.45S&P index rose 59.41 points or 1.08% at 5564.40NASDAQ index rose 280.63 points or 1.58% at 18007.57
The small-cap Russell 2000 gained 36.30 points or 1.66% at 2220.64.
Some gainers today include:
Nvidia rose by 4.76%Meta Platforms rose by 2.23%Alphabet rose by 2.26% ahead of its earnings on Tuesday after the closeMicrosoft and 1.33%Tesla rose 5.15% ahead of its earnings after the close tomorrowAMD +2.83%
This article was written by Greg Michalowski at www.forexlive.com.
