Prospects — for both firms and markets — changed as quickly and suddenly as the haze engulfed New York.
fell 1.29%. That means the Nasdaq is down 1% week to date, putting it at risk of breaking its 6-week winning streak.of small-cap companies added 1.78%, and is on track for its second positive week in a row. That's made analysts more optimistic about the economy.
Smaller companies are more sensitive to economic conditions because they tend not to have the financial heft to defy a downturn. As LPL Financial's chief global strategist Quincy Krosby writes, "Small-caps have traditionally served as a bellwether in terms of the broader economic landscape."Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are.
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