Small-Cap Stocks Tumble Amid Market Selloff
Wednesday, 11 September 2024, 08:08
Market Reaction to Inflation Data
Small-cap stocks tumble sharply in response to unexpected core inflation data that has heightened uncertainty regarding future monetary policy. The recent reports have fueled expectations that the Federal Reserve may approach rate cuts with caution.
Performance of Small-Cap Indices
- S&P Small Cap 600 index: Slumping nearly 2% as of Wednesday 10:30 a.m. Eastern time.
- Longest losing streak: This marks the index’s longest downturn in over a year.
- Russell 2000 index: Falling 1.6%, reflecting broad investor sentiment.
- S&P 500 index: Also tumbling 1.5%, indicating a widespread selloff.
The implications for investors are significant as they navigate a potentially slow path to recovery amidst inflationary pressures.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.