US small-cap and industrial stocks are dropping, typically signals of a recession, but in a year where equities have already beaten expectations some investors are dismissing the moves as little more than noise — for now.
- Some investors dismiss the declines as noise in year of gains
- Earnings growth could matter more than interest rates
- MCX SILVER MEGA UPDATE, 22 SEPTEMBER 2023
- फेड ने रोक लगाई, पर एक और बढ़ोतरी संभव है
The S&P 500 Industrials index peaked on Aug. 1 and is down about 8% since then, teetering on a correction after several major US carriers cut their profit outlooks for the third quarter on a sudden jump in oil prices. The small-cap Russell 2000 Index has lost more than 11% from its July 31 closing high, roughly twice the decline in the S&P 500 Index over the same time. Steep drops in small-cap and industrial stocks typically occur when the economy is in a recession.