S&P 500, Nasdaq close lower as traders cash in on latest megacap rally

The S&P 500 and Nasdaq closed in negative territory on Wednesday as investors took profits after a months-long megacap stocks run and ahead of key economic and policy events next week. The small-cap index Russell 2000 climbed 1.78 percent as investors kept moving away from megacap and growth stocks after their strong gains. “Over the … Continue reading S&P 500, Nasdaq close lower as traders cash in on latest megacap rally