Stock Market Update
12-Aug-25 10:55 ET
Smaller-cap stocks outperform
Dow +467.20
at 44442.29,
Nasdaq +129.24
at 21513.25,
S&P +41.33
at 6414.78
[BRIEFING.COM] The major averages trade near their session highs.
Broad-based gains this morning are indicative of a risk-on mindset, as smaller-cap stocks are notably outperforming their larger counterparts. The Russell 2000 is up 1.6%, and the S&P Mid Cap 400 is up 1.3%.
Meanwhile, the Vanguard Mega Cap Growth ETF holds a more modest gain of 0.3%, as the mega-cap cohort is seeing less of today's focus, with the exception of a healthy gain in Meta Platforms (META 783.63, +17.76, +2.32%).
Kansas City Fed President Jeff Schmid (FOMC voting member) stated in a speech today that limited tariff effect on inflation is a reason for policy to stay on hold, not necessarily a reason for the Fed to cut rates.
