Wall Street experienced its worst day since 2022 due to tech giants' declines, impacting Nasdaq and S&P 500, while Russell 2000 outperformed.
Wall Street suffered its worst day since 2022, driven by declines in tech giants such as Tesla and Alphabet. The tech-heavy Nasdaq and S&P 500 experienced losses, while the Russell 2000, which tracks small-cap stocks, outperformed with a 7.6% increase for the month. Investors shifted from tech heavyweights to smaller stocks amid rising interest rates.
July 24, 2024
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