Core Viewpoint - The Dow Jones Industrial Average is experiencing volatility and is lagging behind the Nasdaq and S&P 500, despite reaching a record close recently [1] Group 1: Market Performance - The Dow opened lower but rallied before losing momentum and trading sideways [1] - The Dow closed at a record on Friday, with an intraday record of 50,219.40 set on Monday [1] - The S&P 500 increased by 0.6%, while the Nasdaq Composite rose by 1.1% [1]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to that closing bell with a global simulcast. It starts right now.Carol Massar Tim Stenovec back in the radio room. Welcome to our audiences across all of our Bloomberg platforms, including our partnership with you to peer on a potentially record setting day for the Dow transportation average, as well as the S&P 500. And a happy belated birthday.Just don't stand back. Thank you. ...

Core Insights - The Russell 2000 has outperformed the S&P 500 for 11 consecutive sessions [1] Group 1 - The Russell 2000 index, which represents small-cap stocks, has shown consistent strength compared to the larger-cap S&P 500 index [1]

Core Viewpoint - The S&P 500 experienced a slight decline, while smaller stocks, represented by the Russell 2000, achieved a record performance during the week [1] Market Performance - The S&P 500 dipped approximately 0.1% on Friday [1] - The Dow Jones Industrial Average fell by 87 points, equivalent to a 0.2% decrease [1] - The Nasdaq Composite also decreased by 0.1% [1] Small Cap Stocks - The Russell 2000 outperformed the S&P 500 for the 11th consecutive day, marking the longest streak since June 6, 2008 [1] - The Russell 2000 concluded the week with a record gain of 0.1% [1]

Core Viewpoint - The S&P 500 and Russell 2000 are poised to close at new highs, indicating a strong start to 2026, with historical trends suggesting potential for further gains [1] Performance Prediction - Historical data shows that in six of the past seven years, the performance of these indexes in the first five trading days has been a reliable predictor of their full-year performance [1] - On average, when the S&P 500 rises in the first five trading days, it has achieved a 14.2% gain for the full year [1]

Core Insights - The article discusses the latest trends and developments in the investment banking sector, highlighting key financial metrics and market movements. Group 1: Industry Trends - The investment banking industry is experiencing a shift towards digital transformation, with firms increasingly adopting technology to enhance efficiency and client engagement [1] - Recent data indicates a significant increase in M&A activity, with total deal value reaching $500 billion in the last quarter, marking a 20% increase year-over-year [1] Group 2: Company Performance - Major investment banks reported strong earnings, with an average revenue growth of 15% across the sector, driven by increased trading volumes and advisory fees [1] - One leading firm announced a net income of $2 billion for the quarter, reflecting a 25% increase compared to the previous year, attributed to robust performance in capital markets [1]

Core Points - The Russell 2000 is on track for its first record close since October 27, 2023 [1] - A close above 2520.44 would mark the 7th record close of 2025 for the Russell 2000 [1]

Core Insights - The article provides a market analysis focusing on the US Small Cap 2000 index and Comfort Systems USA Inc, highlighting their performance and potential investment opportunities [1] Group 1: US Small Cap 2000 - The US Small Cap 2000 index has shown significant fluctuations, reflecting broader market trends and investor sentiment [1] - Recent performance metrics indicate a recovery phase, with a notable increase in market capitalization [1] - Analysts suggest that small-cap stocks may outperform large-cap stocks in the current economic environment due to their growth potential [1] Group 2: Comfort Systems USA Inc - Comfort Systems USA Inc has reported strong financial results, with revenue growth driven by increased demand for HVAC services [1] - The company’s recent acquisitions have expanded its market presence, contributing to a robust growth trajectory [1] - Analysts are optimistic about Comfort Systems USA Inc's future performance, citing a favorable industry outlook and strategic positioning [1]

Core Viewpoint - Tom Lee believes that U.S. stocks can finish 2025 higher and that cryptocurrency should rally into year-end following a significant deleveraging event, as discussed in a CNBC interview [1] Group 1: U.S. Stock Market Outlook - Fundstrat's year-end S&P 500 target is set at 6,600, with the index currently around 6,800, suggesting a potential increase of about 4% to over 7,000 by year-end, with a possibility of gains reaching 10% [2] - The anticipated gains are linked to Federal Reserve interest rate cuts that began in September, a scenario that has historically occurred only in 1998 and 2024 [2] Group 2: Cryptocurrency Market Insights - October 10 was identified as a significant liquidation event, influenced by U.S.–China tariff tensions, yet Bitcoin only fell by 3%–4%, indicating resilience [3] - Both Bitcoin and Ether are at record lows in open interest, with technical indicators turning positive, suggesting an improving setup for year-end [4] - Ethereum activity is increasing on both Layer 1 and Layer 2, driven by stablecoins, which supports the expectation of a substantial price move for both ETH and BTC into year-end [5] Group 3: Market Performance Data - As of the latest data, the S&P 500 closed at 6,791.69, up 0.79% for the day and 15.73% year-to-date; the Nasdaq Composite was at 23,204.87, up 1.15% for the day and 20.35% year-to-date; the Dow closed at 47,207.12, up 1.01% for the day and 11.36% year-to-date [6] - Bitcoin was trading at $111,776, up 0.3% over 24 hours and 19.60% year-to-date, while Ether was at $3,952, down 0.4% over 24 hours and up 18.15% year-to-date [6]

Group 1 - The Russell 2000 index, which includes 1,956 small-cap stocks, recently reached a record high, but there are concerns about its ability to maintain this momentum [1][2] - The total market capitalization of the Russell 2000 is approximately $3.43 trillion, which is less than major companies like Apple, Nvidia, and Microsoft [1] - Adjusted for inflation, the Russell 2000 is down 15% compared to its levels four years ago, indicating a lack of growth [2] Group 2 - The Russell 2000 has been a chronic underperformer compared to the S&P 500 since its inception in January 1984, challenging the notion that small-cap stocks generally outperform [3] - The index has shown poor relative performance, particularly when the broader market has been rising, suggesting that small-cap stocks may not be a necessary component of investment portfolios [4]