The benchmark for small cap stocks — the Russell 2000 — turned negative for the year
Publishing timestamp: 2023-10-02 13:31:20
Summary
The Russell 2000 index, a benchmark for U.S. stocks, has turned negative for the year, indicating broader weakness in the economy. The index has underperformed compared to large-cap tech equities and other market indexes. The sell-off in small-cap stocks is not surprising given the current market stress and uncertainty. Small caps are more sensitive to higher interest rates and face challenges in lending. However, there is optimism that easing pressure on interest rates could help the Russell 2000 index bounce back.
Sentiment: MIXED
Keywords: stock markets, business news, breaking news: markets, russell 2000 index, markets, united states,