Major Wall Street Indices fell on Monday and some analysts described the market mood as ‘bearish’. One major measure of market volatility is on the upswing as traders weigh a potential ban on Oil imports from Russia.
As this week’s trading opened on Monday, growth and tech stocks led a rally on Wall Street. Top tech firms like Netflix and Tesla seem to be recovering from recent selloffs on the back of strong fundamentals.
U.S. stocks have a track record of rallying over the week of Thanksgiving and beyond. Small caps are primed to outperform their larger peers, due to lower valuations and a better position for coping with high inflation.