After getting a boost as the dust settled from the contentious midterm elections, markets turned lower late last week and continued to accelerate their decline on Monday.
The S&P 500 was down for the third straight day as a sell-off in Apple (NASDAQ: AAPL) and technology shares weighed on U.S. stocks.
In addition, General Electric (NYSE: GE) shares suffered, furthering weighing on the indices, after its chief executive Larry Culp said he feels “a sense of urgency” in selling assets to cuts the company’s debts and strengthen its balance sheet.
Despite the increased selling in larger cap shares, small-cap equities are showing some resilience. While the tech-heavy NASDAQ declined nearly 3%, the small-cap benchmark Russell 2000 declined less than 2%.
The divergence between the indices likely points to more choppy trading in the weeks ahead.
While the broader indices continue to form a broad trading range after multi-year bull moves, investors building baskets of the right small-cap stocks are still positioned for great returns.
Some of those stocks are featured in this newsletter. Be sure to read it each week for the latest developments on these names and more.
To read full newsletter and learn about other top small cap stocks
