NEW YORK - Small cap stocks have far outperformed their larger counterparts in November en route to their best monthly performance on record, and look set to remain Wall Street leaders as companies poised to benefit from an economic recovery. The Russell 2000 and S&P 600 indexes of small cap stocks are up more than 19% for the month - the biggest monthly percentage jump for both indexes, which date back to 1979 and the end of 1993, respectively - as investors bet recent positive trial results for COVID-19 vaccines will help pull the economy out of a recession. While smaller names typically see outsized price moments compared to their larger brethren, the small cap gains for November have nearly doubled the roughly 11% gain in the S&P 500 this month. Mega cap work-from-home leaders like Amazon.com and Netflix Inc that have benefited from COVID-19 economic restrictions had helped the S&P 500 outperform smaller names since the pandemic lows in March. But they have begun to lag of late as optimism grows that highly effective vaccines will soon be available. On Monday, Moderna Inc said it would seek U.S. and European emergency authorization for its vaccine after full results from a late-stage study showed it to be 94.1% effective in preventing COVID-19, joining Pfizer Inc in applying for emergency use. "As you got this vaccine news you started to get this rotation into the reopening side of the economy into small cap stocks, value stocks," said Tom Hainlin from global investment strategist U.S. Bank Wealth Management's Ascent Private Wealth Group in Minneapolis. Small cap stocks are generally seen as the first to recover as the U.S. economy pulls out of a recession. They rely less on overseas revenue and are advantaged by a heavy concentration in cyclical sectors such as financials, materials, energy and industrials that also do well as an economy begins to expand. "You,
buy apple developer account
buy reputed apple developer account, buyappleacc.com is a reputed site with years of experience providing apple developer account for customers, all client satisfy with buyappleacc.com 's apple developer account service.