Stock Market Update
31-Dec-24 10:35 ET
Small caps outperform after big losses in December
Dow +66.95
at 42640.68,
Nasdaq +3.46
at 19490.24,
S&P +4.70
at 5911.64
[BRIEFING.COM] The S&P 500 has traded in a tight range below its 50-day moving average (5,943) thus far. The index has moved about 25 points between its intraday high and low.
The small cap Russell 2000 has outperformed other major indices today, sporting a 0.6% gain. Small cap stocks have experienced increased selling in December, leaving the Russell 2000 7.9% lower this month. The S&P 500, meanwhile, shows a 1.8% decline in December.
The equal-weighted S&P 500 trades 6.4% lower this month, reflecting more robust selling than the market-cap weighted index suggests.
