July 29 2019 stock market
July 29 2019 stock market
July 29 2019 stock market
News summary

The recent rally in small-cap stocks is gaining momentum, with the iShares Russell 2000 ETF rising nearly 0.9% in premarket trading, reflecting a broader market shift towards these stocks. The Russell 2000 index increased by 3.5% last week and is up 12% over the past month, driven by expectations of interest rate cuts from central bankers. Meanwhile, upcoming stock splits include a 1-for-5 reverse split for Meta Data Limited and a 1-for-10,000 reverse split approved for Ashford Inc., aimed at enhancing liquidity and compliance with exchange requirements. The U.S. stock market's resilience is notable as it rebounds from previous losses, fueled by positive inflation data and anticipations of a Federal Reserve rate cut. Analysts are also spotlighting lesser-known stocks like Colony Bankcorp, which demonstrates strong fundamentals and a healthy financial outlook. Overall, market sentiment appears bullish, with predictions of further increases in indices like the Nifty 50, contingent on support levels holding steady.

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