As Markets Rise, Risk-Taking Takes a Back Seat

Yes, the Dow has gained nearly 300 points, or 0.6%, and the S&P 500 has risen 0.3%, but the tech-heavy Nasdaq, which has advanced 0.2%, is barely higher, and the small-cap Russell 2000 is up just 0.1%. In other words, the riskier indexes are trailing behind the stodgier ones. The same is true below the surface. The Invesco S&P 500 High Beta exchange-traded fund, which owns the index's most volatile stocks such as AppLovin, Tesla, and Microchip, is up just 0.2% on Wednesday. The Invesco S&P 500 Pure Growth E ...