Small caps continue to outperform as Dow falters

  • Dow pulls back from 2023 highs
  • Small caps outperform with a fourth day of rally
  • S&P 500 and Nasdaq decline
  • Market blames rising Treasury yields for stock pullback
  • Small-cap Russell 2000 outperforms Nasdaq

U.S. stocks finished lower on Monday as the Dow pulled back from its 2023 highs. The S&P 500 and Nasdaq declined, with market watchers attributing the pullback to rising Treasury yields. However, small caps continued their impressive rally, outperforming the Nasdaq for the fourth consecutive day. The small-cap Russell 2000 index has gained over 5.5 percentage points in the past four sessions, marking its best stretch since June.

Public Companies: S&P 500 (SPX), Nasdaq Composite (COMP), Dow Jones Industrial Average (DJIA), Russell 2000 (RUT)
Private Companies:
Key People:

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Factuality Level: 8
Justification: The article provides factual information about the performance of U.S. stocks, including the closing data from FactSet. It also mentions the reason for the pullback in stocks, which is attributed to rising Treasury yields. The article does not contain any irrelevant or misleading information, sensationalism, redundancy, or opinion masquerading as fact. It does not include any digressions, unnecessary background information, or details tangential to the main topic. Overall, the article presents accurate and objective information about the stock market performance.

Noise Level: 7
Justification: The article provides information on the performance of U.S. stocks, including the Dow, S&P 500, Nasdaq, and Russell 2000. It mentions the reasons for the pullback in stocks, attributing it to rising Treasury yields. The article also highlights the outperformance of the small-cap Russell 2000 index. However, it lacks in-depth analysis, scientific rigor, and actionable insights. It mainly focuses on reporting the numbers and lacks context or exploration of long-term trends or consequences.

Financial Relevance: Yes
Financial Markets Impacted: U.S. stocks

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the performance of U.S. stocks, indicating financial relevance.

Reported publicly: www.marketwatch.com