US EQUITY OPEN: NDX outperforms as small-cap RUT lags, while S&P Global Services misses expectations
The underperformance of the S&P Global Services PMI relative to expectations could signal slowing momentum in the sector, which might weigh on broader market sentiment.
CBRT says main trend of CPI has retreated; January inflation will be affected by drug prices
Newsquawk European Market Wrap - 6th January 2026
US EQUITY OPEN: NDX outperforms as small-cap RUT lags, while S&P Global Services misses expectations
US S&P Global Composite PMI Final (Dec) 52.7 vs. Exp. 53.0 (Prev. 54.2)
US S&P Global Services PMI Final (Dec) 52.5 vs. Exp. 52.9 (Prev. 54.1)
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Meanwhile, the divergence in performance between the NDX and small-cap RUT suggests a rotation towards growth stocks, possibly due to their perceived resilience amid economic uncertainty. This mix indicates a cautious outlook that could influence Federal Reserve policy considerations as they assess growth and inflation options.
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