Small-cap stocks are surging Tuesday as broader U.S. market sleeps. Here's why.

📆 06/06/2023 21:25:00
📰 MarketWatch

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The small-cap Russell 2000 index surges Tuesday. Is it time to play catch-up with megacap tech stocks?

The broader U.S. stock market looked sleepy Tuesday, but small-cap investors were not in the mood for a nap.

The small-cap Russell 2000 index RUT — made up of the smallest 2,000 companies in the broader Russell 3000 RUA by market capitalization — was up 2.6%, on track for its highest close since March 8, according to Dow Jones Market Data. The expectation “is that either the small-cap stocks in the Russell 2000 and microcap indices will ‘catch up’ or the eight big megacap technology stocks will ‘crash and burn,’” Navellier said, in emailed comments.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »