• US stocks stutter as massive rotation drags on tech and boosts reopening trade

    16 days ago - By Business Insider

    Traders working on the floor of the New York Stock Exchange are blur in this time exposure, just before the opening bell, 11 May, 2004.
    Stan Honda/AFP/Getty Images
    US stocks wavered on Tuesday as momentum from Monday's rally extended the shift from expensive growth stocks to small-cap and cyclical picks. The tech-heavy Nasdaq composite sank, while the Dow Jones industrial average and the small-cap-focused Russell 2000 gained. While Pfizer and BioNTech's Monday vaccine update bolstered investors' risk appetites, soaring COVID-19 case counts offset some optimism. Oil prices continued to...
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