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A major benchmark for U.S. stocks — the Russell 2000 index — turned negative for the year on Monday, an indicator of broader weakness occurring in the economy that's being masked by a few large cap tech equities. Lending is also often more difficult for small cap companies versus larger cap names, which are can negotiate lower lending rates. The Russell 2000 has higher sector weight in financials, which makes it more leveraged toward interest rate conditions, said Bespoke Investment Group co-founder Paul Hickey. "So if you put all those factors together, I wouldn't say that the Russell 2000 is a canary in the coal mine. The strategist believes that easing pressure on interest rates should result help the small cap index bounce back from its oversold period.
Persons: Russell, , Jeff Corey, Corey, Paul Hickey, it's, Hickey Organizations: New York Stock Exchange, Nasdaq, Claro Advisors, Investment Group Locations: New York City, U.S, financials
Louise Fletcher, a late-blooming star whose riveting performance as the cruel and calculating Nurse Ratched in “One Flew Over the Cuckoo’s Nest” set a new standard for screen villains and won her an Academy Award, has died at age 88. Fletcher died in her sleep surrounded by family at her home in Montdurausse, France, her agent David Shaul told The Associated Press on Friday. Fletcher had moved to Los Angeles to launch her acting career soon after graduating from North Carolina State University. Estelle Louise Fletcher was born the second of four children on July 22, 1934, in Birmingham. The Fletcher children were helped by their aunt, with whom they lived in Bryant, Texas, for a year.
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