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Wednesday, June 7th, may have been an eventful day for the US markets as volatility emerged across indices and stocks. What could have caused this volatility?
The Russell 2000, a leading US small-cap stock index, has been outperforming the S&P 500 and Nasdaq in June so far. While big tech stocks like Nvidia and Apple have outperformed this year, small caps have surged after better-than-expected jobs report increased optimism.
Early gains on Monday on Wall Street were wiped out by the ring of the closing bell, leaving a question mark over some analysts’ predictions of a coming bull market.
This week, events and economic releases are expected to take place and might shed light on the state of the economy.
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