The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Russell 2000 index hit an all-time intraday high on Wednesday, sneaking past its large-cap counterparts amid lingering trade tensions between the U.S. and some of its key trade partners.
Wednesday's record marks the Russell's first since Jan. 24, about a week before equities fell into a 10 percent correction. The and have not made records since Jan. 26, while the Nasdaq composite hit its most recent all-time high on March 13.
The small-cap index has also outperformed the Dow, S&P 500 and Nasdaq over the past three months, rising more than 4.5 percent. The Dow and S&P 500 are down in that time period, while the Nasdaq has gained about 2 percent.
Large-cap stocks have failed to capture record highs recently as trade tensions between the U.S. and China remain. Both countries have unveiled tariffs targeting one another. While those tensions show signs of thawing, Commerce Secretary Wilbur Ross said Monday the gap between the U.S. and China "remains wide."
The tariffs and retaliation from countries such as China put at risk large-cap companies that do a lot of business overseas. Small-cap companies, meanwhile, are less exposed to a trade war, given most of their business is domestic.
Companies in the Russell 2000 derive 21 percent of their revenue from overseas, on average, while the large-cap S&P 500 obtains 30 percent from outside the U.S., data from Bank of America Merrill Lynch shows.
"There's no risk of trade wars around the revenues of these companies. I like that," Kevin O'Leary, chairman of O'Shares ETF Investments, told CNBC's "Halftime Report" on Wednesday about small-cap stocks.
He also noted investors are underestimating the boost small-caps will get from a lower corporate tax rate moving forward. "We're going to see some big upside surprises in the next 24 months on these companies."