Reported 1 day ago
U.S. small-cap stocks, represented by the Russell 2000 index, are approaching a correction, dropping over 10% from 2021 highs as a strong jobs report dampens hopes for Federal Reserve rate cuts. The index fell 1.9% to 2197.7 points after the December jobs report showed a surprising increase of 256,000 jobs and a decline in the unemployment rate to 4.1%, leading traders to revise their expectations for future rate cuts.
Source: YAHOO