Nasdaq Drops 1%. Small Stocks Take Lead From Big Tech.

A rotation away from large technology stocks dragged down the major indexes on Wednesday. The Nasdaq Composite fell 1%. The S&P 500 dropped 0.6%. The Dow Jones Industrial Average fell 66 points, or 0.1%. The Invesco S&P 500 Equal Weight ETF crushed the market-cap weighted S&P 500 so much so that Mizuho's Daniel O'Regan titled a note to clients "Return of the S&P 493?†You can guess which seven stocks he's omitting. ...