Yet some investors and analysts warned that smaller companies may lose steam as the coronavirus pandemic shows no signs of slowing down.
NEW YORK: US small caps joined in the broad market rally in the days after Election Day as investors priced in the likelihood of a divided Washington with Democrat Joe Biden president and Republicans maintaining their Senate majority.
Yet some investors and analysts warned that smaller companies may lose steam as the coronavirus pandemic shows no signs of slowing down. Chief among their concerns: that small-caps will bear the brunt of aggressive measures Biden could adopt to combat the pandemic, without benefiting from a large stimulus bill if Senate Republicans block his efforts there.
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