US equity close: Rotation evident as some selling hits the big names

<p>On the day:</p><ul><li>S&amp;P 500 +0.2%</li><li>Nasdaq Comp +0.2%</li><li>DJIA +0.4%</li><li>Russell 2000 +2.0% </li><li>Toronto TSX Comp +0.7%</li></ul><p>It's clear there is some rotation out of the Magnificent 7 megacap tech stocks into smaller caps underway. I worry that we'll see even more of that in early January as tech bulls wait until after the new year to sell in order to avoid capital gains. </p><p>The Russell 2000 is in an interesting spot as it runs into some major resistance.</p>

This article was written by Adam Button at www.forexlive.com.