Tesla Leads Small Caps in Stock Market Surge.
TL;DR Summary
The stock market reversed lower at midday Wednesday but small caps went their own way, extending their rally. The Nasdaq composite erased early gains and was down 0.4%, even as chip stocks outperformed. The S&P 500 eased 0.1%. The Dow Jones Industrial Average was up less than 0.2%. Tesla climbed 2.7% and is now extended from its 207.79 buy point. The Russell 2000 climbed 1.9% at midday, again leading the stock market. Much of its strength comes from regional banks as the banking crisis fades.
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