Is a stock-market rotation under way? Small-caps surge as Magnificent Seven gets punished after cool CPI reading.

For investors, the question is whether Thursday’s rotation marks the start of a broadening out of a rally that’s taken the S&P 500 and Nasdaq Composite to a series of records in 2024.

Is a stock-market rotation under way? Small-caps surge as Magnificent Seven gets punished after cool CPI reading.
For investors, the question is whether Thursday’s rotation marks the start of a broadening out of a rally that’s taken the S&P 500 and Nasdaq Composite to a series of records in 2024.