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The Dow Jones Industrial Average (DJIA) traded lower for its second day in a row on Wednesday despite rallying higher for much of the session.
Technology and communication services are fueling gains this year for U.S. large-cap stocks — but not for small-cap equities.
US stocks climbed broadly higher on Monday, etching in fresh all-time highs as last week’s late break into record prices carried over into the new trading week, with tech stocks leading the way higher and sending the Dow Jones Industrial Average (DJIA) over the $38,000.00 valuation for the first time ever.
The S&P 500 index has registered two all-time highs in quick succession.
Investors in the U.S. stock market should “maintain a defensive posture,” as company earnings risk falling under “near-term pressure,” according to Wells...