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An entrance to the New York Stock Exchange is shown on June 26, 2024, in New York.

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Wall Street's smallest stocks roar back
July 26, 2024 1 a.m.

Wall Street's smallest stocks roar back

Wall Street's split widened, as smaller stocks and other formerly unloved areas of the market rose up while superstar Big Tech stocks gave back more of their huge gains. Most stocks climbed Thursday after a surprisingly strong report on the U.S. economy raised hopes for profits at smaller companies. Continued weakness for a pocket of Big Tech stocks including Nvidia and Microsoft weighed on the S&P 500, however, and the index fell 0.5% after a healthy gain from earlier in the day evaporated. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite lost 0.9%.