Small Caps in Russell Rally, Broader Market Indexes Notch Slight Losses
The Dow Jones Industrial Average (^DJI) extended its 4-day winning streak to the longest in 8 weeks, climbing +38.05 points, or +0.14% to 26,835.51. The run to near all-time highs matches a similar stretch of gains that ended July 15, 2019.
Walgreens Boots Alliance, Inc. (WBA) led the charge gaining +3.03 points, or +5.76% to $55.59. The jump marks a reclaiming of its 50-day. Caterpillar, Inc. (CAT) rose +4.55 points, or +3.71% to $127.25.
Russell Small Caps Rally
The Russell 2000 (^RUT) closed higher +19.06 points, or 1.27% to 1,524.23.
Broader Market Moves
However, the other indexes saw slight losses as investors mulled monetary policy moves from the Federal Reserve and the European Central Bank (ECB). Investors worried over uncertain U.S.-China trade policy anticipate both central banks to make announcements amid mixed global economic data.
The Nasdaq Composite (^IXIC) closed down −15.64 points, or 0.19% to 8,087.44. The S&P 500 (^INX) barely closed in the red by −0.28 points, or just 0.0094%.
Nevertheless, all remain above their 50-day moving average lines.