Market rotation, interest rates, copper crash: Market Trends
Markets (^DJI,^GSPC, ^IXIC) pulled back in Friday trading, burdened by declines in chip stocks and investor rotations out of Big Tech into small-cap stocks, like the Russell 2000 (^RUT) index. With the Federal Reserve eyeing its first interest rate cut in September, small-cap stocks could continue to rally as market participation broadens out. Meanwhile, copper prices (HG=F) have been crashing, reacting negatively to the most recent and favorable economic news. Yahoo Finance markets and data editor Jared Blikre joins Asking for a Trend to break down the top market trends of the day. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl