According to Bloomberg, large-cap technology stocks generally retreated, and investors may be turning to small-cap stocks. Traders continue to focus on corporate earnings reports. Billionaire investors said that small-cap stocks have improved recently, mainly benefiting from better-than-expected labor market conditions and increased expectations of interest rate cuts by the Federal Reserve. The Russell 2000 index rebounded from its lows, and strong performance in the banking sector further supported small-cap stocks. Despite the improvement in absolute performance, the ratio chart of the Russell 2000 to the S&P 500 is still in a downward trend. Goldman Sachs said that the stock market sell-off has been canceled and the year-end rebound is resonating with clients.