![Small stocks are getting crushed. That's a bad sign for the economy](https://cdn.cnn.com/cnnnext/dam/assets/211026082538-nyse-1025-super-tease.jpg)
Small stocks are getting crushed. That's a bad sign for the economy
CNN
Smaller American companies are getting crushed in the stock market's recent wild swings. That could be an ominous sign for the economy.
The Russell 2000 (RUT) index, home to companies like Crocs (CROX), BJ's Wholesale (BJ) and others with an average market valuation of about $3 billion, is now trading more than 10% below its 52-week high. That means it's in a so-called correction.
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Amid Democrats’ shock and bickering over how much to respond to President Donald Trump is a deeper question rippling through leaders across the Capitol and across the country: How much should they rely on the same institutional and procedural maneuvers they used during the first Trump term, and how much are they willing to wield their own wrecking balls?
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In less than a month in office the Trump administration has simultaneously dismantled foreign aid programs that support fragile democracies abroad and put on leave federal workers who protect US elections at home in a move that current and former officials say abandons decades of American commitments to democracy.
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Sen. Mitch McConnell was a generational force for the Republican Party — using procedural tactics and political will to stymie much of former President Barack Obama’s agenda, hand President Donald Trump key first-term political victories and deliver a 6-3 conservative Supreme Court majority. Now he’s the odd man out.
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The Trump administration is forcing out senior leadership at the National Archives and Records Administration in a major shakeup, according to a source familiar. President Donald Trump has been highly critical of the archives since the agency asked the Department of Justice to investigate Trump’s mishandling of classified documents after he left office.
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The morning after the mass resignation of prosecutors sparked a crisis inside the Trump Justice Department, acting Deputy Attorney General Emil Bove led a meeting with the Justice Department’s public integrity section. His message: they had to choose one career lawyer to file a dismissal of the corruption charges against New York City Mayor Eric Adams, according to three people briefed on the meeting.