All three of the major averages close Monday in positive territory after digesting the news of President Biden's withdrawal from the 2024 election and preparing for this week's big earnings results. The Nasdaq Composite (^IXIC) rose by over 1.5% — or 280 points — trailed by the S&P 500's (^GSPC) gains of over 1% as indexes bounce back from last week's tumultuous trading.

Julie Hyman and Jared Blikre compare the traditional market averages with the performances of the S&P 500 Equal Weight Index (^SPXEW) and the Russell 2000 (^RUT) small-cap index, focusing in on the tech-heavy Nasdaq 100 (^NDX) components.

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This post was written by Luke Carberry Mogan.