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☆ Premarket stocks: Small stocks are sinking, showing Wall Street is still anxious about the US economy
▼ + stars: | 2023-11-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

But declines in small-cap stocks suggest that worries about the US economy’s health still linger on Wall Street. The Russell 2000 index, which tracks the performance of US small-cap stocks, last Friday touched its lowest level since November 2020 after turning negative for the year earlier in October. Small-cap stocks tend to be an indicator of economic strength, because they generate most of their revenue domestically. Still, Mahajan says that small-cap stocks could be set up for a rally, especially if the economy sees renewed growth next year. Turkey prices drop as Thanksgiving planning ramps upSomething wild has happened with turkey prices that’s going to make the cost of cooking the Thanksgiving meal more palatable to families on a tight budget, reports my colleague Parija Kavilanz.

Persons: Russell, Jim Polk, ”, Mona Mahajan, Edward Jones, Jerome Powell, Mahajan, Polk, Bryan Mena, Parija Kavilanz, “ There’s, Michael Swanson, Swanson, Wells Fargo’s, Read Organizations: CNN Business, Bell, New York CNN, Federal, Big Tech, Homestead Funds, Fed, Penn Capital Management, Federal Reserve, Wells, Food Institute Locations: New York, small, Israel, Turkey

☆ Small stocks are cheap and finally joining the market rally
▼ + stars: | 2023-06-22 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

Small cap stocks are domestic bellwethers, since smaller companies generate most of their revenue from US customers. Investors say that recent gains in small caps are helping prop up the burgeoning bull market, even as a potential economic downturn draws near. Cheap buysNow, the rally in small caps suggests that Wall Street is optimistic about the economy’s health. Some investors say cheap valuations and and hopes for a muted economic downturn means small caps look more attractive than they have in months. Optimism about the economyThe small caps’ rally is also an auspicious sign for the broader economy, says Quincy Krosby, chief global strategist at LPL Financial.

Persons: they’ve, Rambus, ”, John Ragard, Quincy Krosby, Russell, Francis Gannon, Anna Rathbun Organizations: New, New York CNN, Investors, Valley Bank, Signature Bank, First Republic Bank, Apellis Pharmaceuticals, Shockwave, Management, LPL, Penn Capital Management, Royce Investment Partners, Federal Reserve, CBIZ Investment Advisory Services Locations: New York, That’s

☆ Global stocks rise but Polish deaths raise market concerns
▼ + stars: | 2022-11-15 | by ( Herbert Lash | ) www.reuters.com time to read: +5 min

Stocks wavered and the dollar briefly rose on initial reports of the Polish deaths as the market was overstretched as data suggested inflation was coming off its peak, said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. The Polish deaths were reminiscent of U.S. bombs that killed three people in the Chinese Embassy in Belgrade in 1999, he said. Reuters Graphics Reuters GraphicsMSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 1.03%, while its emerging markets index (.MSCIEF) rose 2.22%. The euro up 0.22% to $1.0348, after briefly slipping on the Polish reports, and the yen strengthened 0.50% versus the dollar at 139.18. U.S. crude futures settled up $1.05 at $86.92 a barrel, while Brent futures rose 72 cents to settle at $93.86.

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 14, 2022. As soon as these numbers can start coming down, even if it's a slow walkdown in inflation, the market will be relieved." MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 1.55%, while its emerging markets index (.MSCIEF) rose 2.35%. The pull-back we've seen, the dollar sells off last week sharply, some of the currencies were three standard deviation moves." Data out on Tuesday showed that the British unemployment rate rose in September.

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