Move over tiny houses, Wall Street investors are now tuning into tiny stocks.
Indeed, the small-is-better trend has made its way to Wall Street. Small stocks are putting up bigger gains than their large-company counterparts.
In the clearest sign of the shift in investors' affections, the small-company Russell 2000 is the first major U.S. stock index to break out to a record high following the stock market's first 10% correction in two years in February. On Thursday, the small-fry index gained 0.55%, while the Dow, S&P 500 and Nasdaq all finished with losses.
The average market value of stocks in the Russell 2000 is $2.5 billion, according to index provider FTSE Russell. Compare that to Apple, the most valuable stock in the large-company S&P 500 index that is closing in on a market value of $1 trillion.
Top holdings in the small-cap index include biotech drug maker Nektar Therapeutics and online food delivery service GrubHub.
Alec Young, managing director of global markets research at FTSE Russell, cites a few factors driving the better performance of small stocks. One benefit is small companies get the bulk of their revenue from within the U.S.
That shields them from headwinds faced by big companies in the S&P 500, which get nearly half of sales from overseas.
Small stocks are less impacted by a stronger dollar, which makes U.S. goods sold abroad more expensive. They also suffer less turbulence due to geopolitical and trade fears.
Nurses and other caregivers from Palomar Hospital will hold an informational picket on Wednesday to call attention to concerns about working conditions they say are detrimental to patient care.
Police Wednesday were searching for a man suspected of robbing two branches of the same insurance company at gunpoint within an hour of each other in the Clairemont and Kearny Mesa areas.
Former First Lady Michelle Obama will appear Wednesday at BOLD, the annual conference presented by wellness technology company MINDBODY.
A Caltrans worker was injured Wednesday when he fell several stories from an overpass on State Route 163 in the Kearny Mesa area, officials said.
As dockless electric scooters become more and more popular, concerns about safety for both riders and pedestrians have grown, too.
The Grand in El Cajon hosts good and fun times, but there are rules that need to be followed like the 'no weapons' policy its owner implanted nine months ago.
Temperatures continue to cool through Friday. Gusty winds in the mountains and deserts. Stronger marine layer dissipates by mid-morning.
The San Diego Housing Authority voted 8-1 Tuesday to extend three contracts for the city's Bridge Shelter Program through June 2019.
Earlier this year, News 8 introduced you to a teenager who helped raise money to build a home for a family in need in Tijuana.
Apple and Google want to help you spend less time on their phones — really. Like that time you checked Facebook at 3 a.m. Stats don't lie.