Signs of a cooling U.S. labor market are becoming more evident, increasingly reinforcing investor beliefs that the time has come for the Federal Reserve to lower interest rates. New unemployment benefits rose more than expected last week, while continuing jobless claims reached their highest levels since November 2021, according to the Department of Labor’s report on Tuesday. Don't Miss: Warren Buffett flipped his neighbor's $67,000 life savings into a $50 million fortune — How much is that wort
Though small caps stumbled Wednesday, in the five prior trading days, the Russell 2000 rocketed an eyewatering 12% as the Nasdaq Composite barely remained green.
Investors have been rotating to stocks outside of Big Tech in what could be the start of a new leg of the bull market.