Russell 2000 Reaches Record High After Recent Correction
The Russell 2000 hit a record high Friday as easing Middle East tensions lowered oil prices. This follows a recent correction for the small-cap stock index.
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The small-cap X RUSSELL 2000 1C reached its first intraday record high on Friday since the outbreak of conflict between the United States and Iran. This milestone suggests that the broader equity market rally is extending beyond large-cap technology firms, even as the index recently emerged from a technical correction defined by a 10% drop from its peak.
