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(Corrects spelling of ‘Brian’ in 14th paragraph.)
FILE PHOTO: A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. REUTERS/Shannon Stapleton
NEW YORK (Reuters) -An historic rally in share prices for smaller U.S. companies has slowed sharply in April after six months of strong gains, leading many investors to worry that the stock market as a whole may have already priced in a strong rebound from the pandemic.
“The easy money has been made for small caps and for the market overall,” said Doug Foreman, chief investment officer of fund manager Kayne Anderson Rudnick, who expects the broad U.S. market will offer “single-digit returns” for the rest of 2021.
As small-cap stocks lag, Wall Street worries about broad slowdown
By David Randall
By David Randall
NEW YORK (Reuters) -An historic rally in share prices for smaller U.S. companies has slowed sharply in April after six months of strong gains, leading many investors to worry that the stock market as a whole may have already priced in a strong rebound from the pandemic. The easy money has been made for small caps and for the market overall, said Doug Foreman, chief investment officer of fund manager Kayne Anderson Rudnick, who expects the broad U.S. market will offer single-digit returns for the rest of 2021.