Meme Stocks AMC and GameStop Push Small-Cap Benchmark Higher

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Meme stocks including AMC and GameStop have helped propel the Russell 2000 value index this year

Meme stocks are distorting the way some investors see parts of the market.

The Russell 2000 value index, designed to follow shares of small companies that are viewed as bargains relative to the rest of the market, is up 21% this year. Meanwhile, the Russell 2000 growth index, populated with companies whose earnings are expected to flourish faster than the rest of the market, has increased only 5%.

 

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