From Laggards to Leaders? Rate Cut Buzz Is Fueling a Small-Cap Stock Comeback
Key Takeaways Small-cap stocks continued to climb on Wednesday, extending the previous session’s gains following a better-than-feared consumer price index report. Tuesday’s inflation data raised Wall Street’s expectations that the Federal Reserve will cut interest rates at its next policy meeting in September, which would be a boon for rate-sensitive small caps. Bank of America…