Small Caps Hit Record Highs as Analysts Project Year-End Rally
Small-cap stocks have broken out to new record levels with the Russell 2000 Index hitting multiple all-time highs in recent sessions. Analysts suggest the asset class may continue rallying through year-end as investors rotate from large-cap technology stocks amid changing market trends.
Small Caps Reach Historic Milestone
The Russell 2000 Index reportedly reached a new all-time high on Wednesday, marking its fifth record this year according to market reports. Sources indicate the index of small capitalization stocks has shown remarkable strength after first clearing its 200-day moving average in September and subsequently breaking through its previous record high from November 2021.