Russell 2000 hits new intraday high and nears closing record
Updated
Updated · MarketWatch · May 5
Russell 2000 hits new intraday high and nears closing record
13 articles · Updated · MarketWatch · May 5
The small-cap index reached 2,827.75 in early Tuesday trading, above its current record close of 2,812.82 set last Friday.
It advanced as the S&P 500 and Nasdaq also traded in record territory, signalling broad strength across US equities beyond large-cap technology stocks.
A new closing high would extend the Russell 2000's recent gains and underscore investor appetite for smaller companies alongside the wider market rally.
Is the small-cap record high a sign of true economic strength or a bubble masking deep corporate weakness?
With inflation high and rate cuts unlikely, what is truly driving the stock market's record-breaking momentum?
Why has the Russell 2000's rally, a historically bullish signal for altcoins, now become a negative omen for crypto traders?