While S&P 500 has almost shrugged off the bear losses, dominated by tech stocks, with NASDAQ following the same.
July 20 FOMC minutes (released yesterday) state that tech companies have stayed silent on the virus containment measures while small businesses have experienced greater impact.
This can be represented through performance of Russell Index 2000 which has not recovered as much as S&P 500 or NASDAQ. The below chart says it all. #nasdaq#techstocks#russell2000
![](https://static.wixstatic.com/media/6ecbb1_59d2c37988404b5399563191bb679d72~mv2.jpg/v1/fill/w_955,h_500,al_c,q_85,enc_avif,quality_auto/6ecbb1_59d2c37988404b5399563191bb679d72~mv2.jpg)
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