Stocks (^DJI, ^GSPC, ^IXIC) trade in range as big earnings loom for the markets. Plus - Alphabet earnings coming any minute now, we'll have them for you.
NEW YORK (AP) — Stocks mostly fell on Monday, and broad indexes pulled back modestly ahead of a busy week of corporate earnings reports and a meeting of the Federal Reserve. Technology stocks, though, added to their big gains for the year and helped push the Nasdaq composite to another record.
The Russell 2000 outpaced the S&P 500 by nearly one percentage point in the past month, even as the iShares Russell 2000 ETF saw outflows of $3.3 billion. Lori Calvasina, head of Credit Suisse’s U.S. equity strategy team, recommends favoring small-cap stocks over large-caps over the next six to 12 months, based on economic indicators and valuations. Whether small-caps will outperform large-caps has a lot riding on President Donald Trump’s favorability rating—and his ability to deliver tax reform.