---
title: "$iShares Russell 2000(IWM.US)The Nasdaq performed poorly, marking a continuation of the broader tren"
description: "$iShares Russell 2000(IWM.US)The Nasdaq performed poorly, marking a continuation of the broader trend of shifting away from tech stocks in recent days. Wall Street sold off AI-related stocks as the in"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/22558266.md"
published_at: "2024-07-18T15:54:30.000Z"
author: "[旦旦](https://longbridge.com/en/profiles/12278531)"
---

# $iShares Russell 2000(IWM.US)The Nasdaq performed poorly, marking a continuation of the broader tren

$iShares Russell 2000(IWM.US)The Nasdaq performed poorly, marking a continuation of the broader trend of shifting away from tech stocks in recent days. Wall Street sold off AI-related stocks as the increasing likelihood of a Fed rate cut in September boosted overall market optimism. On the other hand, this largely benefited small-cap and more cyclical stocks, which are seen as bigger beneficiaries of lower borrowing costs.

This trend peaked on Wednesday, with the Nasdaq plunging 2.8%, its worst day since December 2022. Wednesday also marked the first time since 2001 that the Nasdaq fell more than 2.5% in a single trading session, while the blue-chip Dow Jones Industrial Average rose. On the other hand, the Dow closed above 41,000 for the first time during the session.

This rotation also explains why the small-cap-focused Russell 2000 Index has risen more than 9% over the past five trading sessions. In contrast, the Nasdaq fell more than 4% last week.

"Clearly, a Fed rate cut would benefit small businesses," said a senior overseas investment strategist. Meanwhile, "there has been some caution and profit-taking in this year's lucrative tech stocks."

$Invesco QQQ Trust(QQQ.US)$SPDR S&P 500(SPY.US)$NVIDIA(NVDA.US)$Tesla(TSLA.US)$Apple(AAPL.US)

### Related Stocks

- [QQQ.US - Invesco QQQ Trust](https://longbridge.com/en/quote/QQQ.US.md)
- [IWM.US - iShares Russell 2000](https://longbridge.com/en/quote/IWM.US.md)
- [QQQE.US - Direxion Nasdaq 100 Equal Weight Index shares](https://longbridge.com/en/quote/QQQE.US.md)
- [TQQQ.US - Proshares UltraPro QQQ](https://longbridge.com/en/quote/TQQQ.US.md)
- [.DJI.US - Dow Jones Industrial Average](https://longbridge.com/en/quote/.DJI.US.md)
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- [TNA.US - Direxion Small Cap Bull 3X](https://longbridge.com/en/quote/TNA.US.md)
- [DOG.US - Short Dow30 Pro](https://longbridge.com/en/quote/DOG.US.md)
- [NVDA.US - NVIDIA](https://longbridge.com/en/quote/NVDA.US.md)
- [SPY.US - SPDR S&P 500](https://longbridge.com/en/quote/SPY.US.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.