Small-Cap Stocks Bring Market Down (Bloomberg)
Since reaching an all-time record high on Tuesday, the S&P 500 has fallen. Today’s losses were partly attributable to a sell-off in small-cap stocks. ???The primary sentiment right now is cautious and nervous,??? Michael James, a Los Angeles-based managing director of equity trading at Wedbush Securities Inc., said. ???It???s more a matter of capital preservation than it is trying to generate returns. This is a time of caution. More people are looking to make sales and raise cash than they are to put cash to work on the weakness.???