
Small Caps, Drone Makers and Energy Beat Friday’s Weak Tape
Friday's major indexes slipped, but small caps, U.S. drone makers and oil producers showed clear relative strength. Three broader-market momentum themes to watch into Monday.
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Friday's major indexes slipped, but small caps, U.S. drone makers and oil producers showed clear relative strength. Three broader-market momentum themes to watch into Monday.
A softer July PPI and a 2.5% drop in Brent crude are pushing fuel-sensitive travel stocks higher while small caps and the equal-weight S&P 500 extend a broader-market breakout.
Friday’s rally broadened beyond megacap tech: small caps outpaced the S&P 500, Freeport rose 2.1%, and Nucor held around a post-earnings breakout as metals and mining surged for the week.