Expanding upside stock, rate cuts provide support for value and small-cap stocks. = This week's U.S. stock market
September 2, 2024 8:36 AM GMT+9 (excerpt)
In the U.S. stock market, the widening base of rising stocks is a reassuring signal for investors concerned about the concentration of buying in large high-tech stocks.
While the overall stock prices are still influenced by the movements of large high-tech stocks such as Nvidia and Apple, funds have begun flowing into value and small-cap stocks, which have been relatively unpopular in the past.
Charles Schwab's Chief Investment Officer, Liz Ann Saunders, said, "No matter how you look at it, the buy side has been expanding significantly and building momentum."
While the overall stock prices are still influenced by the movements of large high-tech stocks such as Nvidia and Apple, funds have begun flowing into value and small-cap stocks, which have been relatively unpopular in the past.
Charles Schwab's Chief Investment Officer, Liz Ann Saunders, said, "No matter how you look at it, the buy side has been expanding significantly and building momentum."
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