Small Caps Hit Record Highs, Nuclear Stocks Rally: What's Moving Markets Thursday?
Strong Bullish
88.2
Small-cap stocks tracked by the Russell 2000 surged to fresh record highs Thursday as investors piled into the most rate-sensitive corners of the market ahead of next week's widely expected Federal Reserve rate cut.
Traders see almost no doubt the Fed will deliver a third straight 25-basis-point reduction, with futures assigning the move a nearly 90% probability.
Expectations for Fed cuts stretch well through 2026, with markets fully pricing in two additional cuts by June next year and assigning nearly 50% odds to a third by year-end.
By 12:50 p.m. in New York, the Russell 2000 was up 1% at 2,535, just shy of its late-October record of 2,540. Large caps continued to lag, with the S&P 500 flat and both the Nasdaq 100 and Dow Jones slipping slightly.
One standout theme came from nuclear-ene
Traders see almost no doubt the Fed will deliver a third straight 25-basis-point reduction, with futures assigning the move a nearly 90% probability.
Expectations for Fed cuts stretch well through 2026, with markets fully pricing in two additional cuts by June next year and assigning nearly 50% odds to a third by year-end.
By 12:50 p.m. in New York, the Russell 2000 was up 1% at 2,535, just shy of its late-October record of 2,540. Large caps continued to lag, with the S&P 500 flat and both the Nasdaq 100 and Dow Jones slipping slightly.
One standout theme came from nuclear-ene
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
