Markets Down Again, Plus Earnings for DIS, CSCO
Zacks Investment Research | Nov 12, 2020 05:38AM ET
Market activity continued its recalibration out of value stocks — boy, that was quick! — and into more palatable valuations. Both the Dow and S&P 500 fell 1% on the day, while the Nasdaq fared a little better, -0.65%. The small-cap Russell 2000, which had enjoyed relative outperformance in past weeks, took up the rear on the day, -1.64%. With all 11 sectors of the S&P 500 down in regular Thursday trading, it’s hard to consider any of this much of a “rotation,” but perhaps more of a leveling-out of stocks that have run up big in recent sessions: today, Exxon Questions or comments about this article and/or its author? Click here>>
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