The Dow Jones Industrial Average will shrink back today after reports that 23 Americans have contracted coronavirus while aboard a cruise ship quarantined in Japan.
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The Dow is in the red on the year, but the Russell 2000 index is up more than 8%.
That's a bullish indicator for all stocks, but it's especially bullish for small-cap stocks.
The Dow Jones today is climbing again this morning after the last two weeks of high volatility brought the Dow down 8.5% from its all-time high on Jan. 26.
Dow futures are up 285 points this morning as traders hope prices have consolidated and bullish momentum will return. Markets will also digest the potential impact of a major infrastructure initiative from the Trump Administration.