Posted 12/28/2023, 8:08:00 PM
Stocks Mixed as S&P 500 Nears Record High But Small Caps Cool Off
- S&P 500 climbed within inches of a record high Thursday afternoon, as the stock market rose moderately but small caps broke a trend of outperformance
- Three Dow components - Amgen, McDonald's, and Goldman Sachs - tested buy points on Thursday's stock market
- Small caps underperformed, with the Russell 2000 down 0.5%; the index has surged more than 20% since mid-November
- Marathon Digital slid more than 8% in heavy trading; the stock appears to be cooling off after more than tripling in past 5-1/2 weeks
- NeoGenomics gapped down sharply in heavy trading Thursday, losing more than 18%; the stock is 16% below its 19.78 buy point, which is a sell signal