October 12, 2024

Small-cap stocks’ bullish ‘Fed day’ performance reflects investors’ confidence in the economy

 Small-cap stocks’ bullish ‘Fed day’ performance reflects investors’ confidence in the economy

Small-cap stocks’ bullish ‘Fed day’ performance reflects investors’ confidence in the economy

Stocks reacted erratically to the Federal Reserve’s bulky 50-basis-point interest-rate cut on Wednesday. But by the time the dust had settled, two clear winners had emerged.