Small Caps Lead U.S. Stock Losses, Treasuries Rise: Markets Wrap
- Trump due to name next Fed chief as Russia probe intensifies
- Russell 2000 falls most since August on tax cut questions
Grisanti Says Growth Stock Crushing Value Stocks
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U.S. stocks fell, with small caps bearing the brunt of selling, and Treasuries advanced as markets struck a tone of caution at the start of a week stuffed with catalysts. The euro gained.
The Russell 2000 Index sank the most since August and the S&P 500 Index retreated from a record amid reports that proposed cuts to corporate taxes would occur in phases over several years. Markets generally shrugged off the first charges from Robert Mueller’s investigation. Apple Inc. rose on signs of strong demand for its latest phone, buoying the Nasdaq 100 Index. The company headlines another week of major earnings, with its report due Thursday.