Wall Street closes mixed as oil spikes, megacap tech splits and small caps lag
Executive summary: Wall Street ended the session under pressure, with the S&P 500 down -1.2%, the Dow off -2.1% and the Russell 2000 lower by -2.2%. The Nasdaq Composite slipped less than the broader market, while a sharp jump in WTI crude to above $100 and a heavy selloff in banks, defense, industrial metals and several large-cap names pointed to a rotation away from cyclical risk. Meta and Apple outperformed, but Nvidia, Microsoft and Tesla weighed on sentiment. [Continue Reading]
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