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Small Caps Eyes Strongest Month Against Tech Stocks In 22 Years: Why Presidential Elections Could Push Russell 2000 To Record Highs

Benzinga LogoBenzinga10h ago

Small Caps Eyes Strongest Month Against Tech Stocks In 22 Years: Why Presidential Elections Could Push Russell 2000 To Record Highs - Benzinga

Quick Summary:

This month, the Russell 2000 rallied by a robust 9.2%, while the Nasdaq 100 fell by 5%, resulting in a 14% relative outperformance of small caps over tech stocks as of July 30.

Chart: Small Caps Sharply Outperformed Tech In July, Notch Strongest Month Since April 2002 Small Caps Set To Beat Big Tech This Year?

July marked a significant market rotation, with investors flocking to small-cap stocks anticipating that the Federal Reserve’s expected interest rate cuts would make borrowing cheaper for smaller companies.


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Small Caps Eyes Strongest Month Against Tech Stocks In 22 Years: Why Presidential Elections Could Push Russell 2000 To Record Highs - Benzinga (Picture 1)

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 19:28:14 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 637 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21861515

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Official Website: benzinga.com

Update Frequency: 51 posts per day

Year Established: 2010

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News Last Updated: 8 hours ago

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Publisher ID: #53

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