Small Caps Lead Stock Market Rebound, Defying Bond Benchmark’s Hit At 19-Month High

The small-cap Russell 2000 index led the stock market higher Wednesday even as the 10-year Treasury yield topped 4.8% for the first time since January 2025. The rebound in equities comes in the wake of Tuesday’s sharp losses that downgraded the market outlook. Late Wednesday, artificial intelligence chipmaker Broadcom (AVGO) tumbled in extended trading even after the company beat Wall…