Wall Street Opens Mixed as Energy and Small Caps Lead, Chips and Metals Slip on a Risk Rotation
Executive summary: U.S. markets opened mixed, with the Dow and Russell 2000 outperforming while the S&P 500 and Nasdaq slipped. Energy and financials were firmer, helped by higher crude, while gold, silver, platinum, and chip stocks sold off. The move points to a rotation toward cyclicals and away from rate-sensitive and momentum trades as investors position for a busy week of earnings and policy risk. [Continue Reading]
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