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Small Caps Rally, Magnificent 7 Ease: What’s Driving The Markets? – Braze (NASDAQ:BRZE)

Wall Street witnessed a mixed session on Wednesday morning trading, with tech giants seeing slight declines while blue chips and small caps recording gains.

The S&P 500 index climbed back above the 5,200-point mark, up by 0.2%, while the Dow Jones saw a 0.5% increase, and the Nasdaq experienced a marginal 0.1% dip.

A basket of the Magnificent Seven, as tracked by the Roundhill Magnificent Seven ETF MAGS, dropped by 0.8%.

Small caps rallied, with the iShares Russell 2000 ETF IWM rising by 1.2%, marking the strongest performance of the past week.

On the macro front, there was a slight decrease in 30-year mortgage rates from 6.98% to 6.93%, as reported by the Mortgage Bankers Association of…

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