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The benchmark S&P 500 closed barely higher on Tuesday while shares in smaller companies soared to record highs as investors favored more economically sensitive market segments as they bet on a recovery in 2021. U.S. Treasury yields climbed and the small cap Russell 2000 finished up 1.8% at a record high, after outperforming throughout the session, along with the cyclical financial and energy sectors, which are heavily dependent on a strong economy for growth. Traders were betting that incoming U.S. President Joe Biden, a Democrat, would usher in heftier fiscal stimulus and that a ramp up ...

The benchmark S&P 500 closed barely higher on Tuesday while shares in smaller companies soared to record highs as investors favored more economically sensitive market segments as they bet on a recovery in 2021.

The benchmark S&P 500 closed barely higher on Tuesday while shares in smaller companies soared to record highs as investors favored more economically sensitive market segments as they bet on a recovery in 2021.

Provided by Dow Jones By Michael Wursthorn and Gunjan Banerji Shares of Tesla Inc. declined in their S&P 500 debut Monday as the massive wave of demand that had propelled the stock ahead of its inclusion subsided. The electric-car maker's shares slumped 5.1% in morning trading, suggesting some investors were cashing out following Tesla's addition to the S&P 500. The declines in Tesla, the sixth-largest company in the market-cap-weighted index, contributed less than one-tenth of a percentage point to the S&P 500's 1.2% slide. The swoon also coincided with b...

Wall Street braces for 2021 oddity: Tech stocks in the back seat Jeran Wittenstein, Bloomberg News Signage is displayed outside the Nasdaq MarketSite in the Times Square neighborhood of New York, U.S., on Monday, July 20, 2020. , Michael Nagle/Bloomberg As 2021 approaches, many on Wall Street are bracing for unfamiliar territory: A year when technology companies may not be the biggest stars of the stock market. The Nasdaq 100 Index is on track for its best year in more than a decade with a 43 per cent advance so far in 2020, led by compani...