Small-cap rotation, watch the yen surge: Market takeaways
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The major indexes (^DJI, ^IXIC, ^GSPC) closed mixed Thursday as they try to recover from a three-day tech sell-off. This downturn was triggered by disappointing earnings reports from Tesla (TSLA) and Alphabet (GOOG, GOOGL), two of the "Magnificent Seven" tech giants.
Yahoo Finance reporter Jared Blikre analyzes the day's top market trends, discussing the rotation into small-cap stocks and Japan's financial markets which appears to be going through a "capitulation."
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This post was written by Angel Smith