The S&P 500 and Nasdaq closed in negative territory on Wednesday as investors took profits after a months-long megacap stocks run and ahead of key economic and policy events next week. The small-cap index Russell 2000 climbed 1.78 percent as investors kept moving away from megacap and growth stocks after their strong gains. 'Over the past week, we've seen a pretty dramatic outperformance of small caps relative to large caps,' said Paul Baiocchi, investment firm SS&C ALPS Advisors chief ETF strategist.

https://business.inquirer.net/404361/sp-500-nasdaq-close-lower-as-traders-cash-in-on-latest-megacap-rally

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