Wall Street's 'Great Rotation Trade' Takes A Break

A weeklong decline in megacap technology stocks broadened Thursday to encompass smaller firms and financial shares as signs of economic weakness overwhelmed optimism over rate cuts.

Business Today20:21 ET

Another Federal Reserve official hinted that interest rate cuts are imminent: Waiting too long to act poses a risk of recession.

Chicago Fed President Charles Evans said that the actual federal funds rate has tightened significantly and the economy is not overheating, so this restriction is not needed; the Fed may need to cut interest rates quickly to avoid further deterioration in the labor market. Dallas Fed President Robert Kaplan did not mention monetary policy, stating that the crisis triggered by Silicon Valley Bank last year shows that the current federal deposit insurance limit may be too low, and the last time the limit was raised was in 2008.

wallstreetcn19:09 ET

Why 'Unloved' Small-cap Stocks Are in Store for a Strong Second Half - Carson's Detrick

Seeking Alpha17:37 ET

Wall Street Today | Market Faces Second-Day Pullback

The overall market pulled back for the second day in a row Thursday after a semiconductor sell-off Wednesday.

Column16:31 ET

EXCLUSIVE: Is Small Cap Rally Scaring Away Investors? Only 1% Of Benzinga Readers Polled Are Buying Fewer Stocks, Here's How Many Are Buying More

Over the last several weeks, small-cap stocks and indexes have gained with a market rotation taking place in the second half of 2024.A new Benzinga poll shows whether the move could gain steam or be

Benzinga16:21 ET

S&P 500, Nasdaq and Dow Jones Industrial Average All Sink Thursday

The market eased Thursday, adding to a semiconductor sell-off on Wednesday.

Moomoo News16:00 ET