Small-Cap Stocks Outperform as Tech Sell-Off Accelerates on Wall Street

• Wall Street saw a volatile session with benchmark indices like Dow Jones, S&P 500, and Nasdaq closing lower.
• Investors are rotating out of tech shares into economically sensitive and small-cap stocks, driving small-cap outperformance.
• The Russell 2000 index outperformed the S&P 500 for the ninth consecutive session, a streak not seen since 1990.
• Major banks like Wells Fargo, Bank of America, and Citigroup saw shares fall after earnings reports and tempered outlooks.
• US retail sales for November rose significantly, driven by auto purchases and holiday shopping, while wholesale inflation slightly increased.

Why It Matters: Small-cap stocks are outperforming tech as investors shift focus amid volatile Wall Street sessions.