October turned into a winning month for smallcaps, with 14 stocks soaring over 30%. Despite strong gains, most still trade below 52-week highs, hinting at more room for growth.
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.
Federal Reserve Chairman Kevin Warsh stressed commitment to the 2% inflation target. He clarified there is no implicit inflation target above this for the committee
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